Prime Minister Anthony Albanese indicated in January 2022 – four months before the federal election – that his government would run a lower immigration policy if elected: “His “train locals first” push comes a month after the Labor leader refused to back the government’s plan to bring permanent migration back to 160,000 a year”, The
It just gets worse at Australia’s newspaper-turned-fantasy fruit cake recipe. Unsatisfied with the gaslighting of dying homeless people, The Guardian of Nothing’s intellectual frauds have scoured the earth to find a style of living that agrees with its perverse aesthetic: Meet Konstanze Winter in Delft, a canal-encircled city in the Netherlands best known for its
We have noted repeatedly how Australia’s unemployment rate will likely shoot up this year as employer demand for workers slows and labour supply grows briskly via strong net overseas migration. This puts MB at odds with the Reserve Bank of Australia’s (RBA) latest Statement of Monetary Policy (SoMP), which forecast that Australia’s unemployment rate would
https://www.youtube.com/watch?v=3cyWBxCTqq0
The mother of all massacres
Water, water everywhere but not a clean drop to drink. Killing Gaza, bombing tents. And Britain’s acquiescent Labour Party, outsourced to Israel
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Some very dovish Fedspeak and revisions to the latest US PPI print gave equity markets a small lift overnight, following a slump from the stronger than expected CPI print. Wall Street rebounded and futures for Asian share markets look more optimistic as a result although the USD remains fairly strong against most of the majors
The post Macro Morning appeared first on MacroBusiness.
Russian President Vladimir Putin admitted on Wednesday that X host Tucker Carlson caught him by surprise during their interview last week.
The final interview was two hours long and has been seen by hundreds of millions of people. Before it, Carlson was criticized for speaking to Putin at all – and afterwards, for not asking the Russian president certain things.
Sometimes, being stupid can be an advantage, in the short term: Australia is lagging international peers on the adoption of artificial intelligence and other advanced technologies, according to the Productivity Commission. We are “pretty much toward the bottom of the pack of OECD nations,” Danielle Wood, chair of the commission, said at the AFR Workforce
A great note from TS Lombard that gets it. Time will tell if last week marked a local bottom in Chinese stocks, but the great unwind in China’s FDI and portfolio flows is just starting. The raft of measures put in place by Beijing to stem the market rout, including reports that Xi Jinping has
The post All aboard the Chinese Titanic appeared first on MacroBusiness.
The Market Ear kicks us off. The Jaws Nothing new really, but the gap between equities and rates has grown very wide in 2024, especially over the past 2 weeks.These days the market is all about the Mag7, but what happens should the rates narrative revive as a driver of equities? Refinitiv Fed funds –
The post Stocks fade the inflation spike appeared first on MacroBusiness.
Is it a typo? Australia’s monopoly of tollroad monopolies, Transurban, has broken hard with hallowed tradition and actually paid tax. A little bit, at least that’s what its interim profit release to the ASX shows.
In the US, gas is now $2.50Gj. Asian net-back LNG shipped from Australia is $10.30Gj (and I’m only including the cost of shipping not freezing). European net-back shipped from Australia is $8.50Gj. (and I’m only including the cost of shipping not freezing). Yet, Australian gas prices are still $12Gj despite coming out of the ground