The inaugural chair of the Productivity Commission, Gary Banks, has joined the pile-on against the Albanese government’s “Future Made” subsidies for low-emissions manufacturing. In a speech to the Centre for Independent Studies (CIS), Banks described the subsidies as a “fool’s errand” that would embed waste and lower the nation’s productivity: “Seeking to obtain benefits to
Statistics Canada released the consumer price index (CPI) for the March quarter. The CPI rose 2.9% year-over-year in March, up from a 2.8% gain in February. Excluding gasoline prices, CPI slowed to a 2.8% year-over-year increase, down from a 2.9% gain in February. The below chart from Justin Fabo at Antipodean Macro compares Canada’s core
Join us in this week’s investment podcast as Nucleus Wealth’s Chief Investment Officer Damien Klassen dissects the war, its effect on the oil price, and the oil price’s effect on inflation. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund,
Big. Ironically. Morgan Stanley with the report. Our base case = $105bn global obesity market in 2030 Extrapolating the strong early dynamics in the US and the initial demand in Europe (focusing on the roll-outs in Denmark, Norway and Iceland, where supply was not constrained), we now project the global obesity market to reach $105bn
The Australian Bureau of Statistics (ABS) has released labour market data for March, which shows that the nation’s unemployment rate rose by 0.1% to 3.8% following a 6.,600 contraction in the number of jobs: The result beat analysts’ expectations of a 3.9% rate. The underemployment rate also fell by 0.1% over the month to 6.5%,
The latest housing construction data from the Australian Bureau of Statistics (ABS) is a disaster. Only 37,200 homes commenced in the December quarter in trend terms, the worst quarterly result since June 2012. This gives an annual run rate of 148,800, around 91,000 below the Albanese government’s construction target of 240,000 homes annually. Dwelling approvals
Go Straya: Chemicals major Qenos has called in voluntary administrators after its former Chinese owners sold the company to property developer Logos. The plastics maker runs plants in Victoria and NSW, and on Wednesday appointed McGrathNicol as voluntary administrators. I’m not sure who will want to live there. The Qenos factory site is putrid: But
The trade war is back: The new tariffs Biden is pushing — meant to shore up the American steel sector and court its workers — would impose 25% levies on certain Chinese steel and aluminum products. They would be applied as part of an ongoing review, while the US also launches a formal probe into
The latest on the correction from The Market Ear. Fear vs SPX Lot of fear across various indicators, but things haven’t really spilled over to equities…yet. Macromicro Retail not panicking Morgan Stanley on Retail action for the sell-off Monday: “In terms of flow, MS QDS team notes that retail is pulling back a little on
The USD finally moved lower after a week of strength on the back of war jitters across the Middle East, but Wall Street still fell back as Fedspeak overnight again highlighted inflationary fears. Asian stock markets are likely to start in the red again today because of the risk off mood with the Australian dollar