Blogotariat

Details have emerged of a ‘grand bargain’ between business and unions that is likely to be struck at the federal government’s upcoming jobs and skills summit. It is expected to see migration boosted in the October budget to help fill urgent skill and labour shortfalls, in return for longer-term policies on training Australians: A grand

The post “Grand bargain” to open immigration floodgates appeared first on MacroBusiness.

The equity market has now gotten so excited with its manic reflation that it is recreating the Fed’s inflation problem. Good job! The Market Ear has more on the wild sentiment swings. That went fast: being bearish is now finally contrarian In mid June we ran a series of thematic emails (premium subs only, sign

The post Bears are now contrarian! appeared first on MacroBusiness.

By Gareth Aird, head of Australian economics at CBA: Key Points: Next week the ABS will publish the Q2 22 Wage Price Index (WPI – 17/8), and the July labour force survey (18/8). The semi-annual Average Weekly Earnings (AWEs) data will also be realised, though this tends to get less focus from market participants than

The post CBA: RBA to hike another 0.5% on strong labour data appeared first on MacroBusiness.

China groveling was a great Australian pastime until the late 20-teens. We all did it for the cash. But, most of us realised it wasn’t worth it some time in the late teens as parliament was overrun with bribes, Hong Kong was destroyed, and China occupied the South China Sea. Those that were left behind

The post Waleed Aly joins the China grovellers appeared first on MacroBusiness.

The Housing Industry Association (HIA) has released new home sales data for the month of July, with sales plunging 13.1%: Commenting on the result, HIA Chief Economist Tim Reardon noted that the decline in sales reflects the impact of the recent increases in the cash rate by the Reserve Bank of Australia, with builders reporting

The post RBA rate hikes smash new home sales appeared first on MacroBusiness.

The Victorian Electoral Commission has recently published a report laying out their estimates of the two-candidate-preferred margins in every electorate for the upcoming Victorian state election, after taking account of the redistribution.

I’ve previously published my own estimates, but I’m planning to substitute the VEC’s margins for my own. But before I do that I thought it would be interesting to compare the two estimates – while they aren’t the same, they are pretty similar.

Risk markets were contained overnight with both European and US stocks unable to gain traction post the US CPI print in the previous session. The USD remains slightly weak against the major currencies with Euro holding on to its recent gains while the Australian dollar is at a two month high above the 71 cent

The post Macro Morning appeared first on MacroBusiness.

A new survey of education agents by education company Navitas found that the top five factors influencing student choice of study destination globally are: cost of study, quality of education, access to post-study work rights, opportunities to work while studying, and opportunities for permanent migration. However, for students from South Asia and Sub-Saharan Africa, they

We’ve long known the answer – and it’s time to clear the road My latest piece in The Conversation

How USyd funds gunboats, attack helicopters, heat-seeking missiles for US military

USyd’s $3.41 billion investment portfolio is linked to F-35 fighter planes, Patriot missile systems, Apache helicopters, Predator UAVs, and heat-seeking Javelin missile systems.