Westpac published the following chart showing that the average minimum mortgage repayment has surged since 2022. “Over the two years to January 2024, the average minimum repayment increased by 42.2%, or about $754, while average incomes grew just 8.5% (or $641)”, Westpac noted. CBA also published the following chart showing that average loan repayments have
DXY is struggling mightily to get anywhere. AUD follows EUR. Lead boots plod on. Got to be quick to grab gold these days. Oil in all sorts. Metals no bueno for growth. Big miners perfect down channel. Life for EM? Not if credit has its way. Fed cuts are disappearing. Stocks no likee. AUD is
The post Australian dollar Europe’s new super-currency appeared first on MacroBusiness.
At the time of writing on Monday evening, there appear to be 17 close seats worth following over the next few days.
By my reckoning there are three types of seats worth watching:
The federal election result carries some hard-won lessons. The overarching lesson for the Liberals is to accept that they’re just not very good at politics.
A fundamental failure: They’ve been suffering a shrinking share of women’s votes since 1996. But the evidence shows they prefer to keep the boys’ club intact even if it pushes them into extinction.
Exorbitant lot prices are a significant factor against new home sales and construction. Consider the following charts taken primarily from the 2025 Urban Development Institute of Australia (UDIA) State of the Land Report. The first chart shows that the median lot price has risen strongly since the beginning of the pandemic across all major housing
Over the past decade, the Australian economy has recorded some of the poorest productivity growth in the world and the nation’s poorest productivity growth on record. Last week, I presented five reasons why Australia’s productivity growth has declined, namely: The mining boom of the 2000s and the associated surge in the Australian dollar contributed to
Arkansas GOP Senator Tom Cotton is just ITCHING for a war with Iran. In a recent congressional hearing Cotton pointedly asked President Donald Trump's nominee for chairman of the Joint Chiefs of Staff Dan Caine if he is prepared to propose bombing Iran as an option to the President. Cotton also mocked antiwar voices who suggest that our foreign policy is leading us into yet another “endless war.”
After the Liberal Party’s crushing defeat in the weekend’s federal election, it wasn’t going to be long before the recriminations started. However, it is probably useful to go back to the election result to see how extraordinary it was. It is the first time since World War 2 that a first term Australian federal government has had a swing towards it rather than away from it. The swing against such first term governments at their next election has varied from 0.3% to 4.6%, and averages about 1%.
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
The post Macro Afternoon: 5 May 2025 appeared first on MacroBusiness.
A remarkable before-and-after experiment provides conclusive evidence: the BBC favours the right and excludes the left.
By George Monbiot, published in the Guardian 1st May 2025
