Last week, the Australian Bureau of Statistics (ABS) released the Q1 2025 wage price index, which revealed that Australian real wages were tracking at Q4 2011 levels, 6.1% below their Q2 2020 peak: The OECD also released data showing that Australian real per capita household disposable income was tracking 7.6% below its Q1 2022 peak
The Market Ear on a fear that has no modern precedent. When does it start to hurt? GS on the rates rise: 1. Watch 10yr @ 5%: That’s the psychological level where most expect yields to start weighing on equities. 2. But it’s the speed, not just the level: A move above 4.7% before end-May
The Australian Automobile Association has published the Electric Vehicle Index for Q1 2025. The data paints a picture of an industry struggling to gain a foothold, despite generous subsidies and incentives from the federal government (read taxpayers). In Q1 2025, only 17,914 battery electric vehicles (BEVs) were sold in Australia, down 29.9% from 25,552 in
Last week, Cotality (formerly CoreLogic) released data showing that a record 64.4% of homes in Sydney were valued at $1 million or above. This compares to 41.6% of homes valued above $1 million across the combined capital cities. According to SQM Research, Sydney’s median asking price for houses hit $2,040,000 in May, an increase of
DXY held on last night. AUD the reverse. Still trending higher. Lead boots going nowhere. OIl and gold sank. Metals no byueno. Junk worried. Yild relief. Yield relief. Could not save stocks. It’s a day-by-day proposition right now, but I think TS Lombrd probably has the trend right. America is not about to lose its
Risk markets were relatively sanguine overnight as the Trump regime’s new “Tax” Deal (aka blowing out the deficit forever) passed while the latest flash PMIs suggested a slight uptick in confidence in the US despite the tariff chaos in the last month. Wall Street was up at one stage but managed to give back almost
Canadian analyst Ben Rabidoux posted the below graphic on Twitter (X), asking whether Canada should place a country cap on its permanent residency intake: The graphic shows that India has dominated Canada’s permanent residency intake, with around 560,000 admissions between 2020 and 2024. Rabidoux added that Canada had more than 400,000 permanent and temporary arrivals
In June 2024, AMP chief economist Shane Oliver presented the following chart estimating that Australia’s housing shortage was about to exceed 200,000 homes: Oliver explained via Twitter (X) that “underlying demographic demand (driven by strong population growth) continues to run well ahead of new housing supply (constrained by capacity and cost issues, etc.), and is
Risk markets in Asia are mainly stepping back in response to the falls overnight on Wall Street but more so on the burgeoning bond troubles as the US fiscal position looks to go into permanent deficit decline with the imminent passing of the Trump regime’s “tax” aka wealth redistribution billr. In currency markets, the USD
Recent polling by SEC Newgate Australia suggested that Victorians do not consider the $200 billion Suburban Rail Loop (SRL) a high-priority project. The SRL is the state’s largest-ever infrastructure project. Yet, it was barely mentioned in Victorian Treasurer Jaclyn Symes budget speech on Tuesday. The only mention of the SRL was the following spin: “The