The unthinking tank of corruption, The Grattan Institute, has coughed up another beauty today. A growing number of Australian retirees risk falling into homelessness because they can’t afford to pay rent, said a new report aimed at lawmakers preparing to fight an election on housing and cost-of-living. The rising cost of rent, falling rates of
The iron ore jaws resemble a yawning hippo now. Steel production is still terrible, though LNY distortions are an issue. Notably so in demand. Property sales appear to have re-cratered. Iron ore appears to be levitating on seasonal tailwinds alone.
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According to Mark The Graph on Twitter (X), Australia’s betting markets have lurched strongly in favour of a Coalition win at the upcoming federal election. As of Saturday, before the latest Victorian by-election results, the betting market had Labor on $2.62 and the Coalition on $1.50. The probability of a Coalition election win had also
I feel nauseated every time I smell cigarette smoke. My mother was a heavy smoker, and the persistent odour of smoke is one of my most unpleasant childhood memories. Mum stopped smoking 13 years ago, but the resulting emphysema has drastically reduced her quality of life. Despite this, I was never in favour of taxing
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Westpac joins the doves. December quarter CPI surprises to the downside In our CPI Preview, we noted that the risk to our December quarter CPI and Trimmed Mean estimates were to the downside. That risk ended up materialising, with the CPI increasing just 0.2%qtr/2.4%yr (Westpac f/c: 0.3%qtr/2.5%yr) while the Trimmed Mean rose 0.5%qtr/3.2%yr (Westpac f/c:
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Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.
China is out of deflation! This is voucherflation as Beijing did giveaways in travel and white goods. Food helped. The PPI is wall-to-wall weakness. Inflation numbers were also boosted by the earlier LNY and will be given back in February. Deflation in China is forever now.
The post Chinese deflation fixed! Not appeared first on MacroBusiness.
Justin Fabo from Antipodean Macro posted the following update on labour productivity across major advanced nations. As you can see, Australia has recorded zero labour productivity growth since 2016, the worst performance of the nations sampled. While the precise causes of the Australian economy’s productivity decline are debatable, I attribute four primary drivers. First, the
I had a Sunday gig at the Australian Film Institute’s AACTA Festival down at Surfers Paradise and decided I’d try the train rather than driving there and back. The train to the coast doesn’t really go to the coast. You don’t finish up at the beach but in the hinterland. Nerang in my case.
But thanks to the last election, the fare was only fifty cents, and there’s no road congestion to deal with so… I gave it a go.
It was… pretty good.