Blogotariat

It’s voting day! I am out and about today but feel free to talk about the goings-on in this thread. I’ll be back at 6pm with election night coverage.

That the people of Australia have lost faith in our system of Government is unsurprising. To say that we are ambivalent about our politicians is an understatement, and we are now ashamed.    To say that our democracy has taken a beating from the hard-Right of Australian politics over the past decade is no exaggeration.   …

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Global Macro / Markets / Investing: CEOs across the market, economy agree on one 2022 prediction: More volatility, no end to Covid – CNBC If You Think the Great Resignation Is Bad, Just Wait Until January – INC Virtual Land in the Metaverse Is Selling for Millions of Dollars – Singularity Hub What the Omicron

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There is nothing more infuriating, and typical, than hearing the things you care about being dismissed by affluent white men in power as “woke identity politics”. The wonderful Uluru Statement from the Heart has been dismissed as such.  Instead of using this blueprint to move forward, the men run scared at this perceived assault on…

Asian stock markets are putting in fairly solid returns for the last session of the week in the wake of solid moves overnight on Wall Street.  The USD remains strong against all the majors as the Australian dollar is still in a depressed mood, unable to get back above the 71 cent level. Bitcoin is

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laws

As parliament wrapped its final sitting week of the year on Thursday, three key pieces of legislation were left looming over the lead-up to the federal election in early 2022.

The Australian dollar just cracked another 13 month low: As yields are bid in: For some bizarre reason, markets are still pricing a positive carry into Aussie yields versus the US, a patently absurd proposition. More from Coolabah Capital: Financial markets are riddled with seemingly intractable inconsistencies right now. Arguably the best barometer of the

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Australia’s auction market continued to fatigue after a record week of listings: Last weekend’s final auction clearance rate was 68.5%, down from 70.3% the prior weekend off 4,251 auctions (up from 3,720 the prior weekend): As noted by CoreLogic: This week saw Canberra, Adelaide and the combined capital cities all recording their busiest auction weeks

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Previously I have published data showing that Sydney house prices are trading at close to all-time highs relative to the other capital cities: Now Cameron Kusher has posted similar data on Twitter showing how Sydney house prices are tracking against the other major capitals. According to Kusher, “in 2007 median house prices in Sydney and

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Labor’s commitment to a 2030 target of reducing emissions by 43 per cent is a pleasant surprise. I expected 35 per cent and was confident it wouldn’t be more than 40.

In essence, the 43 per cent target a restatement of the goal taken to the 2019 election. The difference is within the margin of measurement error and appears to reflect the need not to reannounce a policy that had previously been abandoned.

Below is an article that I wrote this week for News.com.au: This week, CoreLogic recorded another strong 1.3 per cent rise in Australian dwelling values, with values up an astonishing 22 per cent annually, led by extreme growth in Sydney (25.8 per cent), Brisbane (25.1 per cent) and Adelaide (up 21.4 per cent). This marked

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MB has long argued that Australia’s skilled visa program is poorly targeted with the majority of visas granted to professions experiencing an oversupply of workers. According to the federal government’s own historical skills shortage data, engineering has not been in shortage. Yet, the federal government has kept engineers on the skills shortage list, thereby ensuring

The post Half of migrant engineers unemployed despite “shortages” appeared first on MacroBusiness.

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