Westpac with some nice data. So firstly, the credit cycle. The situation here remains relatively benign. The end of COVID-era special treatments and the sharp rise in mortgage rates – the ‘fixed rate cliff’ included This saw mortgage arrears climb in 2022 and 2023. However, arrears have retraced a little lower over the first half
ANU “demographer” Liz Allen is renowned for spreading propaganda in support of “Big Australia’ immigration. She is also renowned for complaining about poor housing affordability in Australia. On Sunday, Allen Tweeted “No, lowering immigration doesn’t make homes cheaper. COVID-19 border closures proved this”: Hilariously, Liz Allen’s claim is contradicted by the ANU’s Centre for Social
Westpac’s credit card tracker is firming a little. The Westpac Card Tracker Index* slipped back a little over the second half of August, declining 1pt to 136. Looking through the choppy path since the ‘Stage 3’ tax cuts came into effect at the start of July, card activity does look to have gained a little
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Between September 11 and 13, the Melbourne Convention and Exhibition Centre (MCEC) will play host to a bazaar of networking and deal making as part of a show that really ought to be called The Merchants of Death Down Under. And the times for these merchants are positively bullish, given that total global military expenditure…
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The Greens have called for the creation of a National Renters Protection Authority, with the Greens likening the proposed body to the Australian Competition and Consumer Commission. Costed by the independent Parliamentary Budget Office at $200 million a year, the Authority would be given the power to run inspections and investigations of real estate companies
The wind blew and power was cheap for a day: Solar farm owners in south-eastern states are switching off their plants to protect their profits as extreme winds, abundant rooftop solar generation and low demand from customers enjoying the warm start to spring create an oversupply of power. However, tomorrow it will not blow and
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The Albanese government wants to combat disinformation with a new reporting register. A page on the ALP’s website has appeared encouraging party members and supporters to “report disinformation” via an online form to “fight lies and fake news”: The form requires users to enter their name, email address, complaint information, and the media platform involved. There
The Market Ear with the latest equity internals. Setting it up for action September trading will be interesting. The last few days of tighter range will not last. Refinitiv $17bn of daily demand “The two key technicals in recent weeks have been corporate stock buybacks and systematic re-leveraging. Alongside this, US households remain on the
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Yep, apparently it’s all bad news for Labor with their leader, Anthony Albanese only leading the preferred PM stakes by a mere 45 to 37… Now, I know some of you will remember that I’ve always maintained a few simple rules about opinion polls: The preferred PM question is interesting but, in the end, means…
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RMIT University expert Dr Emmanuelle Walkowiak was among the academics who appeared at yesterday’s public hearing for the Inquiry into the Digital Transformation of Workplaces. The following is an abridged version of her submission. Generative AI has properties that are very different from other technologies and will transform our labour market in new ways. The…
Former Labor federal MP Neil O’Keefe claims that Victoria cannot afford not to build the $200 billion Suburban Rail Loop (SRL), given the state’s population is projected to double: “The Suburban Rail Loop, though already ballooning in cost, speaks to the real issue our state is facing: if we are settled on the plan to
SHFE and SGX folded together yesterday: Mad Dalian buckled: Coking coal too: The China steel PMI is heading into heavy contraction: Gone is the public glare of bearish forecasts, replaced by thoughts of the permanently high plateau: BHP Group Ltd., one of the world’s biggest producers, estimates around 170 million tons of global output sits
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When I was compiling my candidate lists I was keeping track of what was happening with incumbent councillors.
This has allowed me (at least for the councils I am closely following) to calculate the proportion of seats where the councillor is running for re-election. I have previously tracked this statistic in 2021, so I can compare the two data points.
This map shows the figure for the 26 councils facing election that I have profiled. The map is zoomed in on the Sydney region but you can scroll all the way up to Tweed.
Goldman on the Caixin PMI. China’s Caixin manufacturing PMI rose to 50.4 in August from 49.8 in July. Among major sub-indexes, the new order sub-index increased to 50.3 from 49.2 and the output sub-index rose to 50.7 from 50.2. The employment sub-index edged up to 50.0 from 49.9. The suppliers’ delivery times sub-index fell to
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