Twice this month, I have attacked the Coalition’s Andrew Bragg for promising to ease lending standards to help, including by scrapping responsible lending laws (see here and here). I have argued consistently that twenty years of empirical evidence demonstrates that demand-side “affordability” measures, such as looser credit provision, have helped push up the price of
Last week, Coles and Woolworths senior executives were asked by a senate inquiry into the cost of living why a packet of TimTams cost more in Australia than in the United Kingdom despite being made here. A packet of TimTams cost $6 at both major Australian supermarkets versus $4.86 at Tescos, a popular UK supermarket
Strategic Property Group managing director Trent Fleskens warned that it is highly unlikely that the Albanese government’s housing targets would be met, meaning that Australia’s structural housing shortage will inevitably worsen. “This is a boom fuelled by two things: cost inflation and mass immigration – neither of which are abating to levels our industry can
The e61 Institute has published an interesting report examining so-called “visa hopping” by international students to extend their stays in Australia. e61 found that the share of visa hoppers has increased “very sharply over recent decades, from about 2.5% for those receiving their graduate visa in 2009 to over 25% for those receiving it in
https://www.youtube.com/watch?v=CC0MxcUXW9c
Bret Baier unveils inside look into Kamala Harris interview
Fox News chief political anchor Bret Baier explains why his exclusive interview with Vice President Kamala Harris was 'a little tense' on ‘Hannity.’
Markets are repricing across the spectrum for a Trump win but not analogue bitcoin when it is arguably one the most vulnerable. UBS has more. 1. Gold’s recent performance has largely been driven by demand from central banks, especially China. 2. Risks to gold prices are now skewed toward a potential move lower. 3. Chinese
The post Trump win crunches gold appeared first on MacroBusiness.
Why is China having so much trouble fixing its housing market? After all, it is centrally planned. It should be able to bail out what needs bailing out. As well, housing bubble overbuilds happened in developed markets pre-GFC and they managed to fix it. And Chinese public-owned banks are better equipped to deal with that.
The post All roads lead to Chinese QE appeared first on MacroBusiness.
It had to come. The Chinese stimulus is a bust for commodities, most notably iron ore. SHFE and SGX both slumped yesterday: Mad Dalian too: There are two arguments now in the short term. For bulls, steel mill margins have improved so output might too. Also, we are approaching seasonal positives from November and especially
The post Iron ore smashed appeared first on MacroBusiness.
Yes, yes, yes, it’s AI-generated so its inherently evil.
But still cool.