The solution to Australia’s rental crisis is being played out in real time in Canada. Rents in Canada soared to a record high in response to the country’s largest immigration influx in history. Last year, the Canadian government imposed a three-year pause on population growth to relieve the strains on housing and infrastructure. In the
Israel has conducted a “precise strike”against the “senior leadership of Hamas,” the Israel Defense Forces (IDF) announced on Tuesday, shortly after multiple blasts rocked the headquarters of the Palestinian militant group in Doha, Qatar.
The Israeli military said it carried out the operation in coordination with the Shin Bet security agency (ISA). The IDF did not name the exact location targeted in the strike.
The NAB survey yesterday confirmed an economic pop. The top business conditions indicator returned to +7, the same level as in June, after reversing the two-point drop that occurred in July. At this point, the index is in line with its long-term average, indicating that companies believe the current state of affairs to be generally
The post Pent-up demand gives economy a pop appeared first on MacroBusiness.
For the past decade, the _most geostrategic_ country in Southeast Asia and the world’s third-largest democracy has been wooed by Washington and Beijing.
Frank Chung at News.com.au has published a startling report on the huge increase in migrants attempting to claim asylum. “As of July 31, there were 98,979 people whose protection visa application had been denied but were yet to be deported while 27,100 were awaiting a decision, according to the Department of Home Affairs”, Chung reported.
![Welcome to the Linguistics Department - It has been [2] [DAYS] since someone noticed that the Biology Department sign has a one-day-long singular/plural disagreement after it resets.](https://imgs.xkcd.com/comics/biology_department.png "Welcome to the Linguistics Department - It has been [2] [DAYS] since someone noticed that the Biology Department sign has a one-day-long singular/plural disagreement after it resets.")
DXY is flopping around like a dead fish. AUD was rejected once, but looks ominous for a breakout. CNY is helping. Gold paused. Oil is stuffed. Metals meh. Big bear returned. EM to the moon! Junk is fine. Yields reversed a bit. Stocks ATH. US inflation is tomorrow, so that probably accounts for yields. There
The post Australian dollar roars to 66 cents appeared first on MacroBusiness.
Please note this is the last Macro Morning/Afternoon report for a month or so as I’m off on holiday – good luck, markets always get juicy when I’m away! Markets are ignoring macro risks, geo-political risks, monetary risks – all the risks – and focusing on the fact that the US Federal Reserve will cut
The post Macro Morning appeared first on MacroBusiness.
Japan’s Prime Minister Shigeru Ishiba on Sunday announced that he will resign after less than a year in office. Ishiba’s tenure, which began last October, has been marked by significant electoral setbacks for his governing coalition.
The US market has been under heavy pressure since early 2023, when a severe outbreak of avian influenza struck major poultry regions, forcing mass culling and reducing domestic production. The result was a sharp decline in output and soaring retail prices, making eggs one of the most inflation-sensitive products in the American diet.
Secretary of War Pete Hegseth and senior Pentagon officials made an unannounced visit to Puerto Rico on Monday. The Department of War has deployed a significant military force to the Caribbean as it prepares for more strikes against alleged Venezuelan cartels.
When you make race the issue, everything falls apart. Children are to learn about colonisation. Victorian children as young as four will learn the state’s history from the start of colonisation as described in the Truth be Told report of the Yoorrook Justice Commission, the official public record of the truth-telling hearings held from 2022
The Russian Armed Forces outmatch Kiev’s army in both manpower and equipment, Ukrainian Commander-in-Chief Aleksandr Syrsky has said.
His remarks come after months of Ukrainian setbacks on the front lines and mounting struggles to replenish the ranks, with the country’s leader, Vladimir Zelensky, accused of dragging out peace efforts by insisting on Western-backed security guarantees.
The Financial Review property summit was held last week, which contained the usual bluster on the need to lift Australia’s housing supply to meet demand. The summit heaped praise on housing minister Clare O’Neil for the urgency she has brought to the portfolio. “I think Clare O’Neil is one of the most activist ministers in