Crossbench senators Jacqui Lambie and David Pocock have asked the Parliamentary Budget Office (PBO) to cost options for possible changes to negative gearing. Senator Lambie claims negative gearing is part of Australia’s housing affordability problem. All the options that the PBO was asked to look at were ‘grandfathered’ so that existing property investors would be
Nowhere near big enough to offset the great construction crash. Double blow to Aussie iron ore here. Less steel, and we don’t have much high grade direct injection iron ore. Though there is potential in SA.
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New research from NAB forecasts that Australia’s productivity will slump to its lowest level in more than 70 years, crimping real wage growth. NAB expects Australia’s productivity growth to decline to just 0.5% per annum, down from an average of 1.2% per year in the decade before the pandemic. “With the tailwind from mining likely
The always repulsive Ronald Mizen has a crack at Jim “Chicken” Chalmers today: Leading economists have dismissed Treasurer Jim Chalmers’ downbeat assessment of the global economy, citing recent upgrades in growth and warning that it should not be used to justify inflation-boosting spending. On Monday, Dr Chalmers signalled more cost-of-living support in next month’s budget
Finally, an economist outside of MB has cottoned onto what is happening. Jason Murphy at Yahoo. The actual number of job applications per job ad is a trade secret so the movement of the red line is what matters. What is important is the rate of applications per ad has nearly tripled since 2022. That speaks of
DXY is still firm: AUD bounced off the hammer candle: North Asia is caput: Brent is trying to hold. Gold puked: Other commods paused: Miners meh: EM yawn: Junk is back. Good for equities: Yields soothed: Stocks bounced: Korean March exports are showing a steady global industry lift is underway. Goldman: Total 20-day exports during
Another bullhawk takes flight, as usual at the corrupt AFR: The consumer price index for the March quarter will be released on Wednesday and is forecast to show an acceleration to 0.8 per cent, from 0.6 per cent. This would take the annual pace to 3.4 per cent, from 4.1 per cent in the 12
This month, Canada recorded its largest population increase in history, with 1.27 million residents added in 2023. Net overseas migration accounted for 98% of the expansion. Canada’s population expansion has easily exceeded Statistics Canada’s “high growth” forecasts: This surge in population growth has driven a record housing supply deficit, according to a new analysis from the
Data from the Department of Education shines a bright light on how the composition of Australia’s international student enrolments has changed for the worse. In January 2005, there were a total of 173,787 international students enrolled in Australia. As illustrated in the following chart, China (40,952) dominated enrolments, with India (14,362) in a distant second
The Market Ear on the bounce. 5k matters This is the short term line in sand level to watch. Note we briefly touched the 100 day on Friday. 5k is the must hold, or…We outlined our short term logic earlier today: “A bounce and then the next move down?” Refinitiv Thinking about a bounce GS