As a politician, you have got to know when to hold them and when to fold them. During a cost-of-living crisis, the last thing a politician seeking election should do is oppose tax cuts for three-quarters of the voting population. Yet, that is exactly what the Coalition did in response to Labor’s modest tax cuts
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As the April 2 deadline the ultimate round of US tariff’s beckons, the Fanta Fuhrer couldn’t help shoot early with a blanket 25% car tariff, thus dooming the domestic US car industry as the world will shift to boycott US made vehicles. Great work Donny! Trump’s Tariff Tirade beckons. European shares were able to rebound
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Earlier this month, Roy Morgan released its shadow labour market report, which reported a significant increase in unemployment to 11.5% in February, with underutilisation (i.e., unemployment plus underemployment) surging to 21.7%. Roy Morgan’s underutilisation rate is the highest on record outside of the pandemic. Roy Morgan CEO Michelle Levine addressed the Mumbrella Retail Marketing Summit
There’s a scandal exciting American mainstream media and minds, and it has to do with bombing. Yet there is an important nuance: it is not the bombing itself that is so scandalizing.
Labor’s pre-election budget provides well-targeted cost of living relief within the bounds of responsibility, but the restoration of living standards is some way off.
As widely anticipated Labor’s budget contained no surprises, except for the small income tax cuts. Apart from these, all the other major new policy proposals had been announced prior to the budget over the last couple of months.
Data released this month by the Australian Bureau of Statistics (ABS) showed that the total value of Australia’s dwelling stock hit a record high of $11,032.2 billion at the end of 2024, with the average dwelling valued at $976,800. The hyperinflation of home values helps to explain why Australian households are ranked among the wealthiest
Asian stock markets are doing slightly better today given the mixed result overnight although S&P futures are looking more robust given more Trump talk about caving in on tariffs, although who knows what will actually happen as another distraction is likely soon given the recent intelligence foul up by half his Cabinet. The USD is
The post Macro Afternoon appeared first on MacroBusiness.
The revelation was somewhat sudden, but it shocked the entire French government and a section of the European elite at once: to make munitions, to make cannons and airplanes, to train men and prepare them for war, it now seems undeniable that a hell of a lot of money is needed.
The big bucks of war... by h16
The fish rots from the head, they say, and Michael Stutchbury’s destruction of the AFR is great case in point. Today, he confesses. How about this? Australian supermarket shoppers have been hit by significantly lower grocery price rises than if they were living in the UK, the US, Canada or New Zealand. Yes, lower price
The post The rotten fishead confesses appeared first on MacroBusiness.
The Market Ear argues for the reverse pivot today. Europe vs US is done 1. Valuation gap closed… SAP on 40x, GOOG on 18.5x, MSFT on 29x. Mag7 valuation now looking ‘cheap’ vs historic 2. Europe benefited from exodus from US tech , US tech as a sell is significantly less obvious here 3. Market
The post American stocks are back! appeared first on MacroBusiness.
Wednesday’s monthly CPI indicator from the Australian Bureau of Statistics (ABS) printed significantly below expectations. The headline CPI was only 2.4%, below market expectations of 2.5% and below the midpoint of the Reserve Bank of Australia’s (RBA) 2-3% target band. The underlying measure, trimmed mean inflation, also fell to 2.7% and is now well within
