Blogotariat

BofA talks us through it: Rents surge pointing to stronger persistent inflationCore CPI rose 0.24% mom in September, bouncing back from the 0.1%rise in August. This kept the % yoy rate steady at 4.0% (4.03% unrounded) yoy. Headline inflation rose0.41% mom, which bumped up % yoy to 5.4% from 5.3%. Energy prices soared 1.3%mom and

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In today’s investment webinar (LIVE 12:30pm AEST), MB Fund’s Chief Strategist David Llewellyn Smith, Head of Investments Damien Klassen, and Marketing Coordinator Jayden Stent discuss Stagflation! On the agenda: US inflation strong Chinese inflation weak, except for US Commodities battleground/energy crisis Monetary and fiscal policy Australian inflation Investment implications    Can’t make it to

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From The ABS: Key statistics Seasonally adjusted estimates for September 2021: Unemployment rate increased to 4.6%. Participation rate decreased to 64.5%. Employment decreased to 12,884,600. Employment to population ratio decreased to 61.5%. Underemployment rate decreased to 9.2%. Monthly hours worked increased by 15 million hours. The result missed analysts’ expectations of 120,000 job losses, although the

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NSW’s roadmap out of lockdowns plans to lift all coronavirus restrictions once the state reaches a 90% full vaccination rate, which is expected by 26 October. Several ‘COVID-zero’ states have also suggested that they won’t open their borders until 90% full vaccination is reached. The good news is that vaccine hesitancy among Australians continues to

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Abul Rizvi – former Deputy Secretary of the Department of Immigration and one of the architects of Australia’s faux ‘skilled’ migration program – has urged policy makers to tighten international student visa requirements to boost student quality and productivity: As the government faces pressure to bring overseas students back into the country, if it wants

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Treasury officials have confirmed that the Morrison Government’s $4 billion JobMaker wage subsidy is a failure. Only 5,278 jobs had been ‘created’ by mid-2020, 99% below initial expectations that 450,000 jobs would be created by the end of 2021: Treasury documents from the middle of this year reveal that just 5,278 people had been hired

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Some sanity, anyway. The ferrous complex continued deflating on October 13, 2021 as spot fell and paper fell more overnight: Chinese trade data was pretty ordinary for ferrous. Iron ore imports were 97.49mt. Decent but no cigar: Steel exports are falling away as expected at 4.9mt: Westpac’s new outlook looks about right to me: Iron

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Victoria has smashed Australian records again, recording a pandemic high 2297 locally acquired COVID cases and 11 deaths: Reported yesterday: 2,297 new local cases and 0 cases acquired overseas. – 37,611 vaccines administered – 82,762 test results received – Sadly, 11 people with COVID-19 have died More later: https://t.co/OCCFTAtS1P#COVID19Vic #COVID19VicData pic.twitter.com/akg1jkxcxP — VicGovDH (@VicGovDH) October

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Wall Street and European share markets came back overnight, putting aside concern over inflation and supply chain problems despite the latest US CPI print coming in stronger than expected, with tech heavy stocks lifting the whole risk complex. The USD however had a big reversal in direction against both the majors and commodity currencies in

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Yesterday, The AFR published the views of vested interests beating the drum for a quick return to mass immigration: The Australian Financial Review revealed on Tuesday that NSW Premier Dominic Perrottet is being urged by his top bureaucrats to back a post-World War II-style immigration wave, making up for lost population growth via a doubling

The post Attention politicians: Australians don’t want high immigration appeared first on MacroBusiness.

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London: Prince Charles has used a rare foray into domestic politics to urge Prime Minister Scott Morrison to attend the Glasgow climate summit, warning the talks are a “last chance saloon” to avoid global “catastrophe”.