I’ve done a fair bit of international travel over the last five years, Covid notwithstanding, and the thing I most appreciated in an airline was a deep recline. It’s not easy sleeping in flight, but even a couple of inches lower on the recline helps.
This carefully crafted clickbait obviously hit all of my buttons then.
The December quarter national accounts from the Australian Bureau of Statistics (ABS) recorded that GDP per capita fell by 1.0% in 2023: Real per capita household final consumption also fell by 2.5% in 2023, which drove the 0.3% annual decline in per capita final demand: Meanwhile, real per capita household disposable income in Australia plummeted
According to the most recent set of CoreLogic and PropTrack home value statistics, Perth is at the forefront of the nation’s price boom, with a spectacular rise in home values in the year to March. CoreLogic’s daily housing values index reported that Perth dwelling values increased by 19.8% in the year to March, considerably above
The post Perth house prices to boom then bust appeared first on MacroBusiness.
'Then CBS Fired You?': Jim Jordan Questions Catherine Herridge About Reporting On Biden, Hunter
https://www.youtube.com/watch?v=nWfgnID6rao
DXY is approaching resistance. If we get through, it will go nuts: AUD is pushing towards critical support: North Asia is a pair of concrete boots: Oil is consolidating while we await Netanyahu’s next act. Gold held: Miners still need the big retest: EM puke: Junk puke: Yields up: Stocks hanging on for grim death:
The post Australian dollar crushed by Fed appeared first on MacroBusiness.
RIOn is out with its quarterly report, and it makes interesting reading for an iron ore shorter: • 2024 production guidance is unchanged. • Expectations for Pilbara iron ore shipments in 2024 remain at 323 to 338 million tonnes. SP10 levels are expected to remain elevated until replacement projects are delivered. This guidance remains subject
The post RIO, Vale ready iron ore deluge appeared first on MacroBusiness.
Young Canadians squeezed by housing are turning away from Justin Trudeau’s left-leaning Liberal Party: Prime Minister Justin Trudeau was elected in 2015 with the support of younger Canadians drawn to his optimistic messaging and socially progressive values. Trudeau’s primary adversary, Conservative Leader Pierre Poilievre, has made significant gains among younger voters since he aggressively criticised
Westpac with the leading index. Leading Index growth rate drops to –0.23%. • Momentum likely to remain weak throughout 2024. • Pull-back in commodity prices drives latest slowing. • Most other components remain soft. The six-month annualised growth rate in the Westpac Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative
Westpac predicts that New Zealand CPI inflation will rise by 0.8% in the March quarter. That would see the annual inflation rate drop to 4.2%, down from 4.7% at the end of 2023. However, CPI inflation would still be stronger than the Reserve Bank assumed in its February Monetary Policy Statement. Westpac notes that while
Australia’s population increased by a record 660,000 people in the year to September, which is roughly 1.5 times the size of Canberra. On Tuesday, the Australian Bureau of Statistics (ABS) released net permanent and long-term arrivals figures for February, revealing record arrivals on a monthly, quarterly, and annual basis. An unprecedented 105,460 net permanent and
This is a message for the state of Queensland, who’ve now done this at the last two rounds of council elections in 2020 and 2024.
For each council election, two state by-elections were held at the same time: for Bundamba and Currumbin in 2020, and for Inala and Ipswich West in 2024. In both cases, one of these seats was in the City of Ipswich. Inala is mostly in the City of Brisbane, while Currumbin is in the City of the Gold Coast.