Ross Gittins claims, “The nation is finally coming to grips with home affordability”. “I’ve been watching and writing about the steady worsening in housing affordability for the best part of 50 years, and I’m more optimistic today than I’ve ever been”, Gittins wrote. “At every level, from governments at the top to mums and dads and
Keith Kellogg, the US presidential envoy for the Ukraine conflict, will meet with European officials in the coming weeks to advance President Donald Trump’s objectives, according to Bloomberg and The Telegraph.
The diplomatic campaign will reportedly kick off at the Munich Security Conference (MSC) on Friday, as the new US administration aims to recoup funds expended on the conflict in recent years.
Asian share markets are much more positive in today’s session with shares in Hong Kong rebounding while the Felon-in-Chief in the Oval Office backtracks another round of tariff threats. Last night’s testimony by Fed Chair Powell is seeing some volatility in bond markets and interest rate futures while the USD is diverging in fortune across
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Credit reporting bureau CreditorWatch recently warned that nearly one out of every six (16.2%) hospitality businesses have a high probability of failing due to a combination of high interest rates, rising rents, high cost of living, and the pandemic hangover. CreditorWatch forecast that 8.9% of food and beverage businesses would close over 2025. Over the
Overheated or what? The Market Ear. Stopped in/out Gold is putting in a massive shooting star candle so far today. You watch these type of candles very carefully after an asset has moved sharply as it could be the first indication of a short term trend reversal. The psychology is very powerful as it basically
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So says ANZ. The US produces around 80mt of crudes teel, which falls short of its consumption needs by 25-30mt. Its import reliance is around 12-15% of apparent consumption. Canada is once against the biggest source of its total imports at 23%. Other sources include Mexico (16%), Brazil(13%), and theRepublic of Korea(9%). Australia exports a
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The Australian’s Matt Bell published an article on the nation’s “skills crisis”. It is based on a report from recruitment firm Hays, which found 85% of hiring managers are grappling with “skills gaps” that continue to worsen despite a softer market and strong immigration. While skilled migration is frequently cited as a solution, only 37%
Beware the dangers of central planning. The job of good government is to provide macro settings that nudge markets around to maximise the benefit to society. Bad government is to distort macro settings to deliver on politically charged targets to get re-elected and damn the lifeboats. This is bad government. Jim Chalmers has instructed financial
Unless you are a rusted-on hawk, the RBA is cutting next week with bells on. The latest evidence of price cooling directly addresses some of the RBA’s more esoteric fears. Prominent among these has been its fixation with the output gap, which the pre-reform RBA did not focus much on. The output gap is important,
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Australia’s housing market is experiencing a mild correction, led by Sydney and Melbourne. Over the past quarter, dwelling values across Australia’s five major capital cities have declined by 0.7%, driven by Melbourne (-1.9%) and Sydney (-1.5%). The downturn has been driven by record low affordability, easing net overseas migration and a steady accumulation of for-sale