Challenger chief economist Jonathan Kearns believes Australia will be the last advanced nation to cut interest rates because the Reserve Bank of Australia (RBA) didn’t lift them as high as other nations. “Monetary policy was less tight in Australia than it was in other countries, and so therefore the disinflationary impetus coming from monetary policy has
The Department of Home Affairs reported that there were a record 713,144 international students in Australia at the end of February 2024: It was reported last week that more than 80% of international students in Australia reside in the private rental market: “Universities have built enough dorm rooms to accommodate only 40,000 students nationally –
In the year ending September 2023, Australia’s population increased by a record 660,000 people, owing to a record high net overseas migration of 549,000. In percentage terms, Australia’s yearly population growth rate of 2.5% was the highest since 1952. Anyone living in Australia is aware of the implications, with the country dealing with the biggest
I made the point last week in responding to local propagandists that Chinese urbanisation was on the verge of collapse: This is a simple case of demographic arithmetic, but the local’s livelihood prevents them from seeing the oncoming truck, so here are a few more charts from Dragonomics that make the same point. The recent
Goldman with the note. While the geopolitical situation and the potential Israeli response remain highly uncertain, we provide early thoughts on how Iran’s attack on Israel may impact the oil market in Q&A format. Q1. What are the key factors driving any potential reaction in oil prices to the events over the weekend? The medium-run
Victoria has the lowest proportion of social housing in Australia, accounting for only 3% of total homes. That is far lower than the national average of 4.2%, which is already low by worldwide standards. Last month, The Guardian reported that Victoria’s homelessness crisis is the worst in the nation and continues to deteriorate. “Victoria still
The Westpac credit card tracker makes the point. The Westpac Card Tracker Index* declined 1.9pts over the two weeks to April 6. At 133.7, the latest Index read is only slightly above the low seen at the start of March. While quarterly growth momentum is still positive, and materially improved on the weakness seen around
There’s no landing for the Mag7. The Market Ear. Same old bull trend in Mega Cap Tech stocks US mega cap tech stocks marching on. Here presented vs Russell 2000. GS Hiding in the Magnificent You look away for a second and then investors have piled back into Mag7 and pushed exposure back to record
War jitters caused Wall Street to pull back sharply on Friday night with continued volatility from weekend events likely to spill over to Asian markets on the open this morning. The USD rebounded to higher strength levels, crushing other undollars – including gold for the first time in weeks – while bond yields pulled back
Historical analogies can be very useful at times. There is an excellent replay happening in iron ore that is one of them. The last time China undertook a great structural reform was with the ascension of Xi Jinping in 2012. At that time, it suddenly began to become de regeur to discuss Chinese “rebalancing” In