Helloooooo Japan: The stock of aggregate financing, a broad measure of credit, expanded 8.7% from a year ago, the slowest pace on record since the data began in 2017. Financial institutions offered 3.1 trillion yuan worth of new loans, according to Bloomberg calculations based on data released by the People’s Bank of China on Friday, less than the 3.6
CBA economist, Harry Ottley, has published a terrific statistical report on Australia’s rental market, which unambiguously shows that the unprecedented surge in net overseas migration after the international border was reopened in late 2021 is behind the collapse in the rental vacancy rate and the hyperinflation in rents. The surge in rents would have been
DXY is up and away: AUD is back at critical support: North Asia is under intense pressure: Oil and gold hanging in there: Base metals still chasing no landing: But not big miners: And EM hates no landing: So does junk: Yields fell but it was a steeper week for sure: Stocks hate no landing:
Shane tees off again. Shane is pro the Population Ponzi. Invariably long on rant and short of rationale or data Shane has been the less conspicuous but ever present mainstay of the Ninefax pro Ponzi stable. Let us examine his offering…… Migrants – what are they good for? A lot, actually Shane Wright Senior economics
By Gareth Aird, head of Australian economics at CBA: Key Points: The transmission of monetary policy in Australia to the household sector and by extension the broader economy is much more direct and potent than in most other major jurisdictions, particularly when compared to the US. A report released by the IMF on 8 April
International Reads: Defeated CEOs are now conceding hybrid working is here to stay – Fortune Biden urged to ban China-made electric vehicles from the US. “Chinese electric vehicles are an existential threat to the American auto industry”. – BBC Pharmaceutical giant Bayer is getting rid of bosses and asking nearly 100,000 workers to ‘self-organize’ to
A poor trading session across stock markets in Asia to finish the trading week in the red, despite a late bounce on Wall Street overnight. The continued strength of the USD due to the fallout of the recent US hot CPI print is still being felt via spikes in bond yields across the world. The
The latest insolvency data from the Australian Securities and Investments Commission (ASIC) shows that 522 businesses in the retail sector have gone into administration so far in 2023-24, compared with just 197 during the same period in 2021-22: The insolvencies have come amid stiff financial headwinds afflicting consumers, including soaring mortgage and rent payments and
By Ross Elliott from The Pulse: In 2005, a UK policy group “The Policy Exchange” published “Bigger, Better, Faster, More: Why Some Countries Plan Better than Others” It surveyed four countries with similar demand side pressures to the UK, to explore what was being done well, and what wasn’t. Australia was one of them. “Britain’s
The latest temporary visa data from the Department of Home Affairs shows that there were a record 713,144 international students in Australia at the end of February 2024: According to the Australian Bureau of Statistics (ABS), higher education providers earned $14.5 billion in tuition fees from international students in 2022-23. Despite the boom, universities are