How can the central bank of the only enduring immigration-led, labour market expansion economic model on earth never mention immigration? It is a trick question, of course. The model is only possible because the mention of the word immigration is cancelled, thus enabling the ongoing slaughter of living standards for extant Australians. Imagine if they
ANZ is excited. China: reflation kicks off China kicks off a reflation strategy, signalled by a mega hydropower project. The goal is to restore the inflation dynamics via supply-side tightening and creating new demand side. Producer price index (PPI) could turn positive soon due to rising commodity prices. But it will still takeat least two
Last year, the National Anti-Corruption Commission (NACC) became involved in its own corruption crisis. When the Royal Commission on the Robodebt Scheme released its report, the commissioner recommended that six people be submitted to the NACC for investigation. Many Robodebt victims were outraged when the NACC announced that it would not execute the recommendation. The
In the Albanese government’s first term in office, a strategy that could be broadly summed up as “Steady as she goes” or “Small target government” was pursued. While such an approach left the government with a minimal book of policy accomplishments, it also provided the Coalition few easy opportunities to gain momentum and present themselves
Neither policymakers nor proponents of a Big Australia accept the importance of water in the immigration debate. A succession of papers has warned that Australia will experience chronic water shortages and escalating water bills as its population rises by millions, driven by chronically high immigration levels. For example, Infrastructure Australia’s 2017 modelling forecast that real household
The ferrous complex short squeeze is flaming out. Arch CCP groveller Twiggy Forrest was on the hustings yesterday. The Australian. The next chapter in the Australia-China relationship will define our shared futures for the next century. It was significant that one of the defining moments of the Prime Minister’s visit was one I had not experienced on
Risk markets were relatively benign overnight as the ECB meeting came and went without any movement in interest rates as expected while the latest US initial jobless claims didn’t surprise either with the USD putting in a very small rally after a week or more of weakness. Pound Sterling fell back the sharpest among the
The human face of Australia’s rental crisis was revealed this year when father of three Morgan Cox bravely fronted ABC’s Q&A seeking answers to Australia’s rental crisis. Morgan Cox is a typical hardworking Australian living on the NSW Central Coast. He works two jobs to help support his partner and three children, one of whom
In December 2024, a joint report from UNSW and Homelessness Australia claimed that 10,000 extra Australians were becoming homeless each month. “Since 2020, rents have risen at rates unseen since 2008. During the period March 2020 to June 2024, the median advertised weekly rent for all property types across all cities and regions rose from
Asian share markets like other equities are doing the FOMO trade as it looks apparent that everyone is going to get a new baseline 10-15% tariff rate from the Trump regime with news that the EU is likely to be next, enshrining higher prices for US consumers for almost everything they buy. Wall Street doesn’t