It has been widely reported that Australians have suffered one of the largest declines in real per capita household disposable income in the advanced world. The February Statement of Monetary Policy (SoMP) from the Reserve Bank of Australia (RBA) contained an analysis of the household income recession, noting that Australia has experienced “among the weakest
This week, SQM Research revealed that Australia’s rental crisis reignited, with the national vacancy rate falling to 1.0% in January, down 0.1% year-on-year. In his commentary on the results, managing director Louis Christopher suggested that a resurgence of net overseas migration may have tightened the rental market. “The sharp decrease in rental vacancies strongly indicates
Local gas prices are still outrageous, above $13Gj. Electricity prices have come down with gas but also still nosebleed. With futures showing the coming price retail hikes. Finally, today, a kick-arse chart by John Kemp showing what expensive gas does to an advanced manufacturing base. Example Germany. GERMANY’s energy-intensive manufacturing output was down by 22%
Trump taking Washington out of NATO “is a realistic threat,” EMP Task Force scholar and former Pentagon officer David Pyne tells Sputnik.
He could do this "by either withdrawing US security guarantees for individual countries that oppose his peace initiatives with Russia to end the war in Ukraine, or else perhaps to threaten to pull the US out of NATO entirely," Pyne says.
The Reserve Bank of Australia’s (RBA) February Statement of Monetary Policy (SoMP) forecast that the wage price index would record 3.2% growth for the year ended Q4 2024. On Wednesday, the Australian Bureau of Statistics (ABS) released the Q4 2024 wage price index, which met the RBA’s expectations, coming in at 0.7% for the quarter
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Westpac with the note. Leading Index growth rate lifts to 0.58%, a 2½ year high. Above-trend momentum is becoming more convincing. Reads point to a gradual recovery rather than a sudden surge. All components contributing positive to growth signal. The start of 2025 has seen a continued improvement in Australia’s growth pulse. The latest rise
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MB has long questioned the shady relationship between our universities’ reliance on international student revenue and university rankings, which we label a “Ponzi scheme”. The federal government and Australian universities established a structure to attract huge volumes of full-fee-paying overseas students through two channels. First, the Australian government offers the world’s most generous student visa
Since COVID, it has been clear that stock market cycles have dramatically accelerated (in truth before that as liquidity drives speed). Each twitch in the underlying global economy is traded on high-octane moves that exaggerate minor moves in the underlying economy. Right now, we have a broadening global stock cycle on the thesis that global
If Labor loses the upcoming federal election, it will be due to two key issues: the cost of living and housing affordability. The latest True Issues survey from JWS Research shows that the cost of living (58%) and housing supply and affordability (30%) were the two issues voters wanted the federal government to focus on.
The rotting fishhead AFR launched a stingingly politicised campaign to prevent monetary easing, and its journos and hangers-on were all wrong. Unsurprisingly. If all you can see is politics, then you’re so busy gaslighting everybody that you have no idea what is going on fundamentally. Enter Michael Stutchbury, the Rotten Fishhead himself, where the stench
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The federal corruption watchdog will investigate six people responsible for the former government’s illegal debt collection scheme, backflipping on a previous decision.
Following a review process, the National Anti-Corruption Commission revealed on Tuesday it will probe whether any of the six officials referred in the robodebt royal commission’s final report engaged in corrupt conduct.