Next up on booth map of the day, I’m looking at two seats that were previously considered safe Labor seats, but were very narrowly retained against independent challengers: Bean in southern Canberra and Fremantle in Western Australia.
For each map I’ve shown the Labor vs Independent 2CP map (but no 2CP swing map), primary vote maps for the independent, Labor and Liberal, and primary vote swing maps for Labor and Liberal.
First, to Bean, where Jessie Price currently trails Labor’s David Smith by 599 votes, achieving 49.7% of the 2CP vote after a primary vote of 26.4%.
Its all about bonds overnight with the Japanese selloff extending to US sovereign debt as the latest Trump “Tax” Deal (aka blowing out the deficit forever) and a weak 20 year auction saw yields rise to new heights across the curve. This led to a selloff on Wall Street and is ringing alarm bells across
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RBA Governor Michele Bullock’s media appearance this week was viewed as a victory lap in the fight against inflation. Bullock admitted that the RBA board had considered cutting the official cash rate by 0.5% at its Tuesday meeting, but “it wasn’t the strongest argument in the room”. She also suggested that the RBA was less worried
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Nobody believed that the federal government’s target to build 1.2 million homes over five years was realistic. The highest single year of construction in Australia’s history was 225,500 in 2017, 6% below the annual target of 240,000 homes a year. As shown above, new housing supply is tracking near decade lows, with only 177,000 new
Risk markets in Asia are building positive momentum despite the flat sessions on Wall Street overnight although all eyes are on Japan as their longer dated bond yields spike again while the fiscal situation in the US is deteriorating the Trump regime continues to ram through its wealth redistribution tax bill that will enshrine trillion
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In memory of the great George Wendt, I went looking for great Norm moments from Cheers.
He’s hardly in this one, but he makes it work.
The Productivity Commission (PC) recently announced a review of the corporate tax system, with the PC expected to release a draft report in late July and its final recommendations in December. Commission chair Danielle Wood says the review will examine issues such as tax incentives for new capital expenditure and cutting the tax rate paid
Some more on sinking Chinese property today, a subject that just keeps on giving. Anywhere outside of Tier One is a black hole. Another yawnulus bites the dust. Inventory improved a little. So long as you don’t count all those half-finished hulks and holes in the ground. I reckon I’ll be writing this post for
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