Blogotariat

Australia’s great China apologist, Geoff Raby, is back: And herein is probably the key to China’s continued secular growth. Urbanisation on most measures is only about 65 per cent. The developed country average is about 84 per cent. Nearly a quarter of China’s 1.4 billion population is still to find its way into these urban

The post Chinese urbanisation done and dusted appeared first on MacroBusiness.

Statistics Canada last week reported the largest increase in the nation’s population in history, with 1.27 million residents added in 2023, with 98% of that growth coming from net overseas migration: The following chart from the National Bank of Canada shows that the population increase has blown way past Statistics Canada’s “high growth” forecasts: “Economists,

Former Treasury Secretary Dr Ken Henry has called for a revamp of taxation and government spending in a speech to the Australian National University. Henry said the current over-reliance on personal income tax is placing too great a burden on young people at the same time as they are being priced out of the housing

The post Australia drowning in taxes appeared first on MacroBusiness.

Wiping the egg from my face, I refer back to my recent post “Goodbye gold“. That said, I did not say that gold would not go up! I argued that I could no longer discern the drivers that would trigger it, and I was confused by the rise of BTC. That confusion is discussed today

The post What’s fueling the golden rocket? appeared first on MacroBusiness.

The Market Ear on the tested bull. Testing the bull market What kind of correction is this? The VIX spike points to 5% ‘setback’. Watch HY to see if it will be 10% ‘correction’ instead. SEB X-Asset SEB X-Asset Hedge funds selling “Hedge funds net sold global equities for a second straight week and at

The post Correction time? appeared first on MacroBusiness.

Wall Street got a big boost on Friday night from a hot non-farms payroll/US jobs print that initially saw the USD spike higher before the details were absorbed in full. While the hot report will dampen rate cut expectations, other macro considerations including the higher oil price are keeping risk sentiment in check. Most undollars

The post Macro Morning appeared first on MacroBusiness.

Half of Americans are struggling to afford their rising housing costs, and the financial squeeze is so severe for many that over one in five skip meals to get by, a new poll has revealed.

That’s what the Bible (or at least, the preacher in Ecclesiastes) says, and sometimes I feel as if that’s right. But right now, I’m basking in the glow of having returned final proofs for Public Policy and Climate Change: Politics, Philosophy and Economics, a text to appear in the Lecture Notes in Economics and Policy series put out by World Scientific Publishers.

Say what you will about The Kouk, but his “ghastly” assessment of the nation’s crisis is spot on: “Building approvals are looking as sick as a dog. We’ve got a 1.9% decline in monthly dwelling approvals, compounding on earlier monthly falls”. “We are now down 45% in the number of dwelling approvals from the 2021

The post Albo locks in brutal, long lasting housing crisis appeared first on MacroBusiness.

The occasional burst of candour from US diplomats provides a striking, air clearing difference to their Australian and British counterparts. Official statements about the AUKUS security pact between Washington, London and Canberra, rarely mention the target in so many words, except on the gossiping fringes. Commentators and think tankers are essentially given free rein to…

The post Aukusing for War: The Real Target Is China appeared first on The AIM Network.

Proposed amendments to EPBC Act to address biodiversity loss will require renewable developers to think differently about the way they use the environment.

"It's a pain you can't describe," Raylene Nixon says quietly.

"It's something that you feel deeper than a broken heart - it's pain in your soul."