In the debate surrounding the viability of individual households servicing ever larger mortgages, the fact that Australia has yet to see large-scale defaults is often cited as evidence that the current level of debt is sustainable. Others use this as evidence to support the argument that we should allow households to incur even higher debt
During the pandemic, Victoria transformed into a police state. Residents were locked down for nine months, allowed to only exercise outside the home for one hour a day. Playgrounds were closed, play equipment was chained-up, and police patrolled the streets with vigour seeking to catch people not wearing their masks or following curfews. Police even
In October 2024, then Canadian Prime Minister Justin Trudeau pledged to dramatically cut net migration into Canada. Looking at a chart of net overseas migration based on data from Statistics Canada, it appears that Trudeau’s promise has been entirely realised, with the rate of quarterly net migration into Canada in the first quarter of this
Strategic buffoon Anthony Albanese is discovering that kowtowing to Beijing only encourages it. “We have seen those issues in the past. I want to see Australian iron ore to be able to be exported to China without hindrance.” “If prolonged, the (pause) risks squeezing steel margins or forcing selective output cuts … but China cannot
From the Market Ear: Put hate is back Put call ratio imploding again… Mini top? SPX could be putting in a mini double top here, with the second high slightly lower. Note the 21 day and channel lows come in around 6650 (futures). A close below that and 6600 could come into play quickly. 50
Last month, I reported that green groups had lambasted the mass rollout of wind turbines across regional Australia. Veteran conservationist and former federal Greens leader Christine Milne labelled wind turbines “biodiversity-destroying”. Wilderness Society national campaigns director Amelia Young also quit the group after almost 20 years, citing “intolerable … attitudes and behaviours” – and warning
The Albanese government’s First Home Guarantee scheme came into effect on Wednesday, allowing almost all first home buyers to purchase a home with only a 5% deposit, without requiring lenders’ mortgage insurance, as taxpayers will guarantee 15% of the mortgage. Analysis by Lateral Economics suggested that the 5% deposit scheme could increase home prices nationally
Wedge Tailed Eagle as a rabbit sees it, Photo courtesy of Geoff McVeigh AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
The post Macro Afternoon: 1 October 2025 appeared first on MacroBusiness.
Following the release of the ABS monthly inflation data for August, the outlook for interest rates held by various banks changed in a matter of hours. The figures showed that annual headline inflation rose to 3.0%, up from 2.8% in July, hitting the top end of the RBA’s target band for the first time since
The entire taxation arrangement around electric vehicles (EVs) is a reverse Robin Hood scenario, as it takes taxes from the poor to give to the rich. Michael Read at The AFR reported that the cost of the Fringe Benefits Tax (FBT) exemption for EVs has “blown out thirteenfold, and the benefits are disproportionately flowing to