Last year, former federal Treasury official Stephen Anthony warned that Victoria might require a federal “bailout” due to soaring state debt, which reached $27,729 per person in 2023-24. “Victoria is on a suicide mission to record borrowing, just as global interest rates are about to hit 5%”, Anthony warned. “Potholes can’t get filled, emergency departments
Tariffs, in an ever-evolving form, are front page of every business paper at the moment. Are they going to give cover for companies to push through another round of price increases? Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen do a deep dive on this topic. Can’t make it to the
You probably can centrally plan sex, but China sure doesn’t know how to do it. China’s population shrank for the third straight year in 2024, even though births rose slightly, underscoring a persistent long-term risk for the economy. The total number of people in China fell by over 1.39 million to 1.408 billion last year,
The post You can’t central plan sex appeared first on MacroBusiness.
Here is ‘hire a hawk” Warren Hogan blathering about holding rates high. Sky is lapping the idea of a rate cut being politicised for the ALP when, in fact, it is resistance to the cut that is politicised in favour of the LNP. Aussie inflation is beaten. Services inflation is falling with wages. Core is
The post Murdoch rolls out “hire a hawk” Hogan to bully RBA appeared first on MacroBusiness.
We know it is happening. Several lives have been lost and many more are being put at risk due to a toxic culture of harassment, poor management, burnout and a resourcing crisis in Ambulance Victoria, a parliamentary inquiry has heard. Submissions filed by paramedics, patients and their families to the Victorian parliament’s inquiry into the
I very much enjoyed this very obviously planted story of ASD punking the Russian cybercrims who stole my Medibank data back in August 2022. The government (in fact, all of the 5 Eyes governments) dropped the story for a bunch of reasons, including image management and deterrence.
I doubt it will have a deterrent effect. You’d need more kinetic solutions for that to truly happen. But it is good narrative management to tell these tales occasionally.
Dr Raffaele F. Ciriello, a Senior Lecturer in Business Information Systems at the University of Sydney, claims that corporate elites have hijacked Australian universities. Australian public universities are no longer run for education. They have been taken over by a managerial elite that prioritises profits over academic integrity. Vice-chancellors earn more than the Prime Minister,
“Trump appears to have a better understanding of the causes and conditions of the Ukraine-Russia and US/NATO versus Russia conflict,” retired US Air Force Lt. Col and ex-DoD analyst Karen Kwiatkowski told Sputnik, commenting on Wednesday’s lengthy telephone conversation between the Russian and US leaders and its focus on Ukraine.
Australia’s manufacturing sector is the smallest in the OECD as a share of the economy. Manufacturing in Australia is also in terminal decline. Incitec Pivot, a major fertiliser company, closed its Australian operations in 2022 due to high energy costs. Qenos, Australia’s last major plastics producer, closed in 2024 due to high energy prices, leaving
I can’t tell if all Aussies hate Donald Trump or if it is just the backward media. What I can tell you is that your best hope of not being destroyed by the homegrown gas export cartel lies not with your leaders but with King Trump. As we know, LNG imports will begin in Australia
The post Only King Trump can prevent the gastastrophe appeared first on MacroBusiness.
The latest US CPI print caused some volatility on currency markets and another wobbly finish on Wall Street overnight but European share markets were less reactive. The USD ended up broadly higher against Yen but other undollars remain somewhat steadfast as it looks like the trade war over tariffs might be a nothing burger. The
The post Macro Morning appeared first on MacroBusiness.
“Take wisdom from the mouths of mad men” is an old Arabic proverb. It sprang to mind a couple of days ago, when I heard the narcissist leader of the “civilised” world, President Donald Trump, openly calling for the ethnic cleansing of Palestine.
Letter to the leaders of the civilised world By Jafar Ramini
DXY shrugged off hot US inflation. AUD did too. The lead boots jaws are closing. Gold and oil do the opposite. Dirt bubblet. Mining doldrums. EM life?!? Nah. Yields up. Stocks flat. US inflation was worse than feared. However, January is always worse than feared, and the BLS has not fully adjusted to it post-COVID.
The post Australian dollar hoses hot US inflation appeared first on MacroBusiness.