In the note below, independent economist Tony Alexander argues that the Reserve Bank of New Zealand has tightened interest rates too much and will be forced to slash them. Age impact on the spending downturn My view for a while has been that just as the Reserve Bank over-stimulated the economy during and for too
The skin toasted Australian Minister of Defence, Richard Marles, who resembles, with each day, the product of an overly worked solarium, was adamant. Not only will Australians be paying a bill up to and above A$368 billion for nuclear powered submarines it does not need; it will also be throwing A$100 billion into the coffers…
The post The Australian Defence Formula: Spend! Spend! Spend! appeared first on The AIM Network.
On Saturday, I will be the headline speaker at a public forum in Adelaide: “From housing crisis to eco-crisis: Why Australia’s population growth is unsustainable?” My presentation is entitled: “Australia’s immigration and the everything shortage”. Below is a detailed radio interview with Matthew Pantelis at Radio Five AA, where I discuss the key themes of
Albo is a liar. Not a conniving liar like ScoMo. A dumb liar like a political bovver boy: Professor Holden said Mr Banks had “raised a number of totally legitimate concerns that I and plenty of others have raised”. Professor Holden said there was a difference between safeguarding the sovereign manufacturing of essential products like
The post Albo’s is a manufacturing catastrophe appeared first on MacroBusiness.
Apartment developer Tim Gurner let the cat out of the bag when he admitted that easing planning rules won’t magically boost housing construction: “Rich Lister and Melbourne developer Tim Gurner says while the anti-development stance adopted by many councils is a major roadblock, it is only a part of problem”. “He estimated that less than
All fog of war stuff, but retaliation of some sort is underway in Iran: Three large explosions heard in Isfahan south of Tehran, US officials confirm. The Natanz nuclear facility is located in Isfahan. Unconfirmed simultaneous explosions have also been reported in Syria and Iraq (Baghdad and Babil/Babylon province). Iran has established a no-fly-zone over
Great piece here from Bloomie: China’s first-quarter 5.3% growth handily beat expectations and Beijing’s own target of “around 5%.” But if you ask households, companies and even the taxman, the reality on the ground feels a lot less rosy. By the end of 2023, only 9.5% saw good job prospects, according to the central bank’s
The post How China gooses GDP appeared first on MacroBusiness.
According to the Department of Home Affairs’ latest temporary visa data, there were a record 713,144 international students in Australia as of the end of February 2024: This is an increase of around 100,000 from the pre-pandemic peak. With Australia’s rental crisis raging out of control, eight peak bodies in the international education sector have
New data from the Australian Securities & Investments Commission (ASIC) shows a big jump in external administrations in March, with 7,742 firms going under in the nine months to 31 March 2024: The following chart from Justin Fabo at Antipodean Macro shows that insolvencies surged in March to their highest number in decades: Construction continues
Brendan Coates from the Grattan Institute was at it again this week, calling on Australia’s major cities to copy Auckland and open up to high-density development: “The core problem when it comes to housing in Melbourne, is that in a lot of the most attractive areas – where people most want to live, with the