Blogotariat

Australian real wages fell by a record 7.3% between mid-2020 and the September quarter of 2023. They have since recovered by a paltry 1.3%, leaving real wages 6.0% lower than their peak as of mid-2025. The Reserve Bank of Australia (RBA) forecast in its November Statement of Monetary Policy (SoMP) that real wages would remain

The post Australian wages should have declined even further appeared first on MacroBusiness.

In December last year, Housing Minister Clare O’Neil appeared on ABC’s Triple J radio to discuss the issue of housing. What followed was a confirmation of what many already believed to be true: that the Albanese government wanted ever-rising housing prices. Here is a copy of the relevant part of the transcript. Interviewer:  Why don’t

The post Albanese’s crocodile tears on housing appeared first on MacroBusiness.

Chinese property is at the centre of some dark economic galaxy. Primary sales are woeful. Secondary sales are buckling. Prices are in freefall. Rent lol. Starts are now down 82% from peak Yoy. To summarise. Land sales can’t stop falling, though the fiscal pump has lifted prices somehow. The crash ahead in construction volumes remains

The post Chinese economy enters its ‘Pettis moment’ appeared first on MacroBusiness.

Equity markets have not yet gone full risk off but last week saw a lot of confidence fall out of Wall Street with a variety of causes to blame – the AI bubble, the slowing US economy due to the shutdown and tariff impacts, but also the looming release of the Epstein files. Tech stocks

The post Macro Morning appeared first on MacroBusiness.

Over the weekend, the nation recorded its highest volume of auctions since March, with 3,258 capital city homes going under the hammer. Despite the strong volumes, the preliminary clearance rate was 70.0%. While this was down from 71.8% last week, the result suggested that buyer demand remained robust and is absorbing the higher volumes. Melbourne

The post Australian house price inflation hits 28 month high appeared first on MacroBusiness.

In an exclusive interview with FRANCE 24, former CIA director David Petraeus said Russia’s finances are in a far more dire state than many realise, arguing that there is now “a real opportunity” for the United States and other NATO countries to strengthen Ukraine’s defences and “crush the Russian war economy”. He also shared his views on Syria’s new leadership and the situation in Iraq.

One of the craziest things happening right now is how there’s been report after report confirming that Jeffrey Epstein really was an Israeli intelligence operative, based on publicly available documents, and yet it’s had no measurable impact on mainstream media or politics.

Caitlin Johnstone: Burying the Real Epstein Story

Claire Field, a former regulator of the vocational training sector, warned in 2022 that a large number of South Asian students were arriving in Australia in “response to the unlimited work rights now available to those on Australian student visas”, enrolling in “lower quality and cheaper vocational colleges” to live and work. The surge in

The post Student visa mills run rampant in Australia appeared first on MacroBusiness.

By Lucinda Jerogin, Associate Economist at CBA The unemployment rate fell to 4.3% in October from 4.5% in September. New housing lending surged 9.6% in Q3 25. Tourism and student arrival numbers remain below pre-pandemic levels. Our CommBank HSI recorded its eighth consecutive month of gains, lifting by 0.6% in October to be 6.3% higher

The post The economic week ahead appeared first on MacroBusiness.

Share of wind and renewables hits spectacular new peak of 155.1 pct of local demand in state still hoping to host next year's UN climate talks.

It’s a Sunday and I can’t finish the lawn with a bit of moisture about.  Someone flips an article by Abul Rizvi into play, and foolishly I read it.  Doc Rizvi is slagging off the Institute of Public Affairs (IPA) for a release about immigration.  I find myself reading both the IPA release and the

The post Rizvi towels himself with feckless swing at 100% factual IPA appeared first on MacroBusiness.

Under the current 10-year deal, Israel gets at least $3.8 billion per year, and Israeli officials are looking to increase that number

by Dave DeCamp | November 13, 2025 at 1:13 pm ET | Israel, Palestine