According to the ABS, Australia continues to experience unprecedented labour demand. The problem is that the index is the worst available. Private measures are far below and heading back into the lowflation period. Goldman explains the ABS rubbish measure: Structural trends such as lower advertisement costs and a shift to more temporary positions tend to
As the risks of a downward glide path for elements of China’s industrial economy continues to become clear, the risks for Australia’s economy and in particular state and federal Treasury outlooks are becoming increasingly apparent. So far the hole left in China’s iron ore consumption left by the dramatic decline in the residential property sector
Global reflation ahoy! DXY down. AUD up. Lead boots up. Gold’s stall is signalling DXY may be running out of downside soon. Metals reflation. Miners up for a day. EM breaks out. Junk breaks out. Yields melting down. Stocks melting up. Buy all the things. Except DXY and European stocks, apparently. The market loved the
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The three-candidate-preferred (3CP) count has become a topic of more interest in recent elections because of close races where the dynamic of who makes it into the top two can decide who wins. But it’s also an interesting statistic which can tell us more then is revealed by the two-party-preferred vote, while being a bit simpler than primary vote statistics. So for this post, likely my final post analysing the 2025 federal election, I look at who made the 3CP where, and explore the dynamics of three of the most common 3CP combinations seen across Australia.
There’s no greater example of the disconnect of stock markets with economic reality with Wall Street surging overnight to almost historic highs on the back of a worsening Q1 GDP print and signs that Q2 will show the number 1 economy is in a full recession. What is reflecting reality are currency markets with the
The post Macro Morning appeared first on MacroBusiness.
These thoughts come to you from a bomb shelter underneath my hotel. My mobile tells me another one of Vladimir Putin’s ballistic missiles is headed our way.
I tell you this not for the drama, but to remind you that this is no longer a novelty for millions of Ukrainians.
Credit ratings agency S&P notes that the combined budget deficits of Australia’s state and federal governments total $52 billion, while the net debt now exceeds 60% of the country’s GDP. This equates to a per capita deficit of $1,897 and a net debt of $45,183 per capita. Meanwhile, the combined net debt of the federal,
Australia’s media establishment has a problem and it’s not just about declining revenues or shrinking newsrooms. It’s about a fundamental failure to understand where we live and what’s at stake in our own neighbourhood.
Australia’s media myopia
Australia has sanctioned the Russian pop singer Shaman, along with 36 other individuals and seven organizations, according to the Australian Ministry of Foreign Affairs. The list, published on Thursday, also includes renowned actor and TV presenter Vyacheslav Manucharov.
On this episode of The David Frum Show, David opens with a Memorial Day message about corruption and extortion in the Trump White House, including revelations about meme-coin pay-to-play schemes and foreign-financed golf courses.
When the pandemic arrived on Australia’s shores in early 2020, housing was already unaffordable for a majority of households, as illustrated by falling homeownership rates and declining rates of household formation. But like the joke that a Russian family friend used to describe his nation’s history, the events that would unfold for Australia’s housing market
