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Articles from MacroBusiness

Albo drives Australians deeper into housing poverty

December 1, 2023 - 00:05 -- Admin

The Albanese government’s target to build 1.2 million homes over five years, equating to 240,000 homes a year, is drifting further out of reach. After only 170,000 net dwellings were added to Australia’s housing stock in 2022-23, the Australian Bureau of Statistics (ABS) reported that only 164,300 homes were approved for construction in the year

Macro Afternoon

November 30, 2023 - 16:00 -- Admin

Asian share markets are doing a better job in finishing the trading week with mostly positive returns as the USD strength eases off slightly. The latest Chinese PMI readings missed estimates while locally both the Aussie and Kiwi Dollar are doing well. Oil prices are trying to stabilise with Brent crude still hovering just below

OECD tips long per capita recession

November 30, 2023 - 13:40 -- Admin

The June quarter national accounts from the Australian Bureau of Statistics (ABS) revealed that Australia has fallen into a per capita recession following two consecutive quarters of negative per capita GDP growth: Next week’s national accounts for the September quarter will be released by the ABS, with the nation’s GDP growth again expected to be

Chinese PMIs sucked back into property black hole

November 30, 2023 - 12:59 -- Admin

From China’s NBS just now. In November , the manufacturing purchasing managers index ( PMI ) was 49.4% , down 0.1 percentage points from the previous month, and the prosperity level of the manufacturing industry dropped slightly. In November , the non-manufacturing business activity index was 50.2% , down 0.4 percentage points from the previous month and still higher than the critical point. The non-manufacturing industry

Bonds go boom

November 30, 2023 - 12:30 -- Admin

The Market Ear with the latest positioning. TLT upside mania What a difference a month makes. We outlined the contrarian TLT logic on October 23, in our post Dare the TLT? The world’s most hated asset back then has reversed and we are trading above the 100 day for the first time since May. The

Albo hides Alboflation

November 30, 2023 - 11:40 -- Admin

Albo the Disaster is burying his energy and immigration inflation shocks under subsidies. Government policies are holding down inflation but electricity prices are starting to rise as rebates come to an end. The Monthly CPI Indicator rose 4.9% in the year to October, down from 5.6%yr in September and the recent peak of 8.4%yr at