Analysis of data from the Australian Bureau of Statistics (ABS) shows that the number of employees in the construction industry rose by just 2,772 to 1.22 million in the two years to June. In contrast, the number of workers in the so-called ‘care economy’, which includes social assistance and healthcare services, has ballooned by more
Taiwan knows a pathetic hypocrite when it sees it: Taiwan has urged Penny Wong to throw Australia’s support behind the self-governed territory’s bid for UN membership after the Albanese government backed Palestine’s admission to the global body. Taiwan’s top diplomat in Australia, Douglas Hsu, said Palestine’s recently upgraded UN status underscored the injustice of Taiwan’s
Last week, Victoria’s bureaucrat responsible for implementing the government’s housing agenda, Jeroen Weimar, warned that Melbourne’s population is projected to balloon to more than 8 million people in only 25 years, meaning that Melbourne would “look fundamentally different in 25 years’ time”. “Melbourne will be the size of London from a population point of view
Scott Rubner is worth listening to. The Market Ear. Medium term bearish When Scott Rubner speaks, you listen: “There are 32 trading days until the US election on November 5th (and 35 trading days until the next FOMC meeting on November 7th). I am cautious on risk pre-election and see investors reducing 1 delta and
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China wants to be Germany, not the US. Instead, it will be Japan. There’s so much more property downside to come it takes the breath away: Mid-Autumn festival was a total bust for property. Golden Week is dead ahead. Or is that poo-brown week? Developers still starved of debt: LGFV bonds racing to meet quotas:
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SHFE and SGX are still pretending everything is OK: But Mad Dalian broke down completely Friday and Friday night and is at new closing lows: Coking coal also rolled: It’s not clear what the trigger was. Maybe more shrinkulus: China is considering removing some of the largest remaining restrictions on home purchases after previous measures
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Judo Bank PMI sags again. Flash Australia Composite PMI Output Index: 49.8 (Aug: 51.7), 8-month low Flash Australia Services PMI Business Activity Index: 50.6 (Aug: 52.5), 2-month low Flash Australia Manufacturing PMI Output Index: 44.2 (Aug: 46.0), 52-month low Flash Australia Manufacturing PMI: 46.7 (Aug: 48.5), 52-month low The divergence in sector performance was likewise
Sustainable Population Australia Media Release Without a mature discussion on population growth, the housing crisis will extend for years to come, according to Sustainable Population Australia (SPA). SPA National president Peter Strachan says there is deep denial within the government that population is the main factor driving housing demand. “The government’s focus is on supply…
The post FOMC breakouts ceased on Friday night as other Fed officials muddied the waters with talk about the decline in inflation not as severe as once thought. Wall Street failed to hit another new record high and slid backwards, although European stocks did worse on the wobbly mood. USD remains weak with Euro still
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In September 2022, the newly elected Albanese government convened the Jobs & Skills Summit with the express purpose of turbo-charging net overseas migration into Australia. Then Home Affairs Minister Clare O’Neil said that immigration had been the “special sauce in our national story” and wanted more. She said that Australia had to move “away from
By Denis Hay Description: Uncover how the deep state influence shapes global politics, including Australia’s policies, serving corporate and geopolitical interests. Introduction: The Shadowy World of the Deep State In a world where democracy is celebrated as the cornerstone of modern governance, the concept of a “deep state” challenges our most fundamental beliefs. The deep…
Victoria already has the lowest credit rating and the worst debt profile in the nation. Over the past several weeks, the world’s two largest credit rating agencies have warned the state government that it risks further downgrades unless it controls its debts. A single-notch downgrade could see Victoria’s interest bill rise by 0.5% from its