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Articles from MacroBusiness

Canada cut immigration and rents fell

September 10, 2025 - 11:00 -- Admin

The solution to Australia’s rental crisis is being played out in real time in Canada. Rents in Canada soared to a record high in response to the country’s largest immigration influx in history. Last year, the Canadian government imposed a three-year pause on population growth to relieve the strains on housing and infrastructure. In the

Pent-up demand gives economy a pop

September 10, 2025 - 10:30 -- Admin

The NAB survey yesterday confirmed an economic pop. The top business conditions indicator returned to +7, the same level as in June, after reversing the two-point drop that occurred in July. At this point, the index is in line with its long-term average, indicating that companies believe the current state of affairs to be generally

Australian dollar roars to 66 cents

September 10, 2025 - 09:30 -- Admin

DXY is flopping around like a dead fish. AUD was rejected once, but looks ominous for a breakout. CNY is helping. Gold paused. Oil is stuffed. Metals meh. Big bear returned. EM to the moon! Junk is fine. Yields reversed a bit. Stocks ATH. US inflation is tomorrow, so that probably accounts for yields. There

Macro Morning

September 10, 2025 - 09:00 -- Admin

Please note this is the last Macro Morning/Afternoon report for a month or so as I’m off on holiday – good luck, markets always get juicy when I’m away! Markets are ignoring macro risks, geo-political risks, monetary risks – all the risks – and focusing on the fact that the US Federal Reserve will cut

Jacinta Price fights Albo’s invasion

September 10, 2025 - 08:00 -- Admin

When you make race the issue, everything falls apart. Children are to learn about colonisation. Victorian children as young as four will learn the state’s history from the start of colonisation as described in the Truth be Told report of the Yoorrook Justice Commission, the official public record of the truth-telling hearings held from 2022

Why is the housing crisis always about supply and not demand?

September 10, 2025 - 00:05 -- Admin

The Financial Review property summit was held last week, which contained the usual bluster on the need to lift Australia’s housing supply to meet demand. The summit heaped praise on housing minister Clare O’Neil for the urgency she has brought to the portfolio. “I think Clare O’Neil is one of the most activist ministers in

Macro Afternoon

September 9, 2025 - 16:30 -- Admin

Asian share markets are stumbling around with a variety of macro pressures overshadowing the broad gains on Wall Street and European markets overnight. Meanwhile the fall in business confidence in Australia and the slightly higher dollar is seeing local shares selloff again. The Australian dollar has now burst through the 65 cent level as the

Why Australia’s permanent migrant intake is grossly understated

September 9, 2025 - 14:00 -- Admin

Last week, the Albanese government announced that Australia’s permanent migrant intake would be maintained at the historically high level of 185,000. William Burke, founder of Sustainable Australia Party, argues that the permanent migrant intake is understated by at least 50,000 for the following reasons: “It does not count the annual permanent Humanitarian Program of around

Australian dollar roars with risk

September 9, 2025 - 13:30 -- Admin

DXY is looking decidedly ill. AUD is rampaging again. CNY is up. Gold is up. Oil is down. Metals meh. Mining bear intact. EM to the moon. Junk fine. Major US yield breakdown across the curve. Stock ATH. Not much doubting what’s going on here. The Fed is coming, and its independence might be going,

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