Asian share markets are slumping across the board as confidence evaporates from risk markets due to continued selloffs on Wall Street as bond markets rally in fear of US recessions and the new global trade war. The USD is firming up against some of the majors with the Australian dollar still falling back, about to
Below is a brilliant guest post by Misha Saul, examining how immigration bureaucrats like Abul Rizvi have damaged Australia through excessive immigration levels. I recommend reading Misha Saul’s article alongside my latest critique of Abul Rizvi’s spurious arguments justifying mass immigration. Australia’s Rule by Bureaucrat How the technocrats lost control over Australia’s borders [T]he characteristic
Lol. This must be a joke. Jim Chalmers has launched a pre-election campaign blitz in vulnerable NSW Hunter and central coast seats, as he answers the calls of Labor MPs concerned that surging support for Peter Dutton and Anthony Albanese’s unpopularity will cost them their seats. After high-level meetings with senior Trump administration officials in Washington DC, Dr Chalmers arrived
I noted yesterday the marvel of central planning housing in action. How it appeared to be deeply corrupt, out of touch with local needs, not to mention hopelessly short of the supply needed. Today the entire enterprise in Sydney turns from boondoggle to farce in one “No, minister” moment. SMH. Large parts of Sydney’s inner
From 1 April 2025, temporary residents will be banned from purchasing established dwellings for two years. Previously, temporary residents have been permitted to apply for approval to buy an established home to live in for the duration of their stay. They have also been allowed to purchase an established home for redevelopment if it increases
Earlier this month, the Australian Bureau of Statistics (ABS) released the Q4 2024 wage price index, which recorded growth of 0.7% for the quarter and 3.2% year over year. The 0.7% quarterly increase was the equal lowest growth since Q1 2022, while the annual increase of 3.2% was the equal lowest since Q3 2022. The
The ferrous complex has begun to deflate post-supply disruption. Profits have halved at the big miners, but do not be fooled. The iron ore nightmare has not yet begun. Ahead is an epic crash in Chinese construction volumes. Capital Economics. Nor will Chinese consumption ever fill the hole for steel. I expect Chinese domestic demand
A decade ago, Australia was one of the worst nations for online piracy. The main driver of this piracy was a lack of affordable and timely content for Australians. As a result, Australians were compelled to resort to illegally downloading movies and television episodes via BitTorrent and other file-sharing programs. The landscape transformed when Netflix
The purported “crackdown” on international student numbers has failed to dampen numbers, with new Department of Education data showing record enrolments and commencements in the year to November 2024. As the following chart illustrates, there were 1,081,300 international student enrolments as of November 2024, up 120,454 (12.5%) from the previous record set in 2023. International
Much of the Western world is deindustrialising to meet ‘net zero’ emissions targets. For example, the United Kingdom’s strong restrictions on fossil fuel energy consumption have raised energy prices, causing sharp contractions in all energy-intensive businesses. The same deindustrialisation is taking place in Germany, which has imposed similarly harsh “net zero” rules. Australians are also