By Stephen Saunders In America, Kamala Harris = word-salad is a national meme. Australia’s Harris of Demography has been at it again, garbling at great length for The Conversation. Americans exercise certain democratic rights to roast Harris. But Allen, along with Abul Rizvi and Laura Tingle, exists in rarefied space as an immigration whisperer to
The ferrous complex rolled over yesterday. Scuttlebutt is straightforward. A bipartisan group of U.S. lawmakers is introducing a legislation to address the impact of Chinese-supported companies moving portions of their production to other countries to circumvent American duties. The legislation would also toughen anti-dumping rules. This comes after the U.S. announced 25% tariffs on all
The Reserve Bank of Australia (RBA) would be happy with Wednesday’s monthly CPI indicator from the Australian Bureau of Statistics (ABS). The ABS reported an annual headline CPI of 2.5% in January (versus 2.6% expected) and the policy-relevant trimmed mean inflation of 2.8% (within the RBA’s target of 2% to 3%). The following chart from
The Albanese government’s target of building 1.2 million homes over five years remains hopelessly out of reach. On Tuesday, the Housing Industry Association (HIA) reported that new home sales increased by 4.1% in the month of January 2025, offsetting weaker sales in November and December 2024. While sales rebounded in January, the following chart from
Something I have not much focused on is the implications of the Guinean Pilbara killer mine on QLD. Simandou produces such high-quality iron ore that it can and will be used as direct injection feedstock into electric-arc furnaces (EAF). These typically use gas, not coking coal, as the reducing agent. If all of Simandou output
The Australian’s Judith Sloan argues that Labor’s $22.7 billion Future Made in Australia (FMIA) policy is badly planned and badly executed. Labor has promoted FMIA as a plan to create new jobs and opportunities by maximising the economic and industrial benefits of moving towards net zero emissions. Sloan argues that it is, in fact, a
The Market Ear with the latest on the puke. That was quick SPX has gone from the upper part of the range to closing in on the lower part of the range in a few sessions. Note we are below the 100 day as of writing and RSI is at the most oversold levels in
The post BTFD? appeared first on MacroBusiness.
Former immigration department bureaucrat turned influencer, Abul Rizvi, was interviewed this month by Joseph Walker. In the interview, Rizvi said the quiet part out loud and explicitly admitted that slowing population ageing comprised about “80%” of the motivation for the 2001 changes, which massively increased Australia’s intake of migrants, especially international students. Until spending about
My god, we are helpless. Australia was unaware Chinese warships were set to conduct live-fire exercises off its east coast until its security authorities were alerted via a Virgin Australia pilot who heard radio communications about the drills, according to a top air traffic official. In short, the Chinese cruiser could have fired off nuclear-armed HN missiles
Wall Street continues to flail while European stocks try hard to push forward, buoyed by more defense spending promises while the cuts in US federal spending and employment loom large amid a the Canadian/Mexican tariffs that are still on the table. The USD was pushed back by Euro and Yen again overnight while the Australian