Over the weekend, I was interviewed by Luke Grant from Radio 2GB/4BC where I dissected the policy failures that are driving the nation’s energy price shocks. Below is a summary of the topics discussed. Electricity prices soar by up to 9% Labor’s 2021 Powering Australia Plan, released prior to the last federal election, promised that
MacroBusiness has been vocal about Australia’s immigration-driven housing crisis for years. The data is unmistakable. Australia’s rental affordability has collapsed to a record low, with households required to dedicate a record share of their income to secure a rental home. Underpinning the collapse in rental affordability are surging rents, which have risen nearly 50% nationally
It’s green across the board here in Asia after the weekend gap with the short covering exercise on Wall Street extending across the regions share markets. The USD is failing to fight back as it remains weak against Euro and Pound Sterling although is holding against Yen this afternoon, as traders await this week’s FOMC
The Australian economy narrowly exited a per capita recession in Q4 2024 after recording 0.1% growth. This followed 21 months of consecutive declines in per capita GDP. In a speech to be delivered in Queensland on Tuesday, Treasurer Jim Chalmers will reportedly reveal that Cyclone Alfred’s immediate impact on GDP is estimated to be $1.2
Australian universities long since stopped serving the public interest. They are now little more than visa factories for the disastrous immigration-led economic model and funnels of Chinese and other autocratic influence. Governments have been captured by the universities by becoming retirement homes with large sinecures for failed politicians. If we can’t cleanse the system ourselves
Chinese credit for February failed to launch with Total social financing up another measly 0.2% to 8.2% yoy. The composition was worse as household credit plunged 390bn, leaving big questions over the housing recovery. In fact, private credit kept ebbing away while government bonds filled the gap. There is nothing here to end the depression
Institute of Public Accountants senior tax adviser Tony Greco estimated the federal government is losing around $564 million annually of tax revenue due to the Fringe Benefits Tax (FBT) exemption for certain battery electric vehicles (BEVs) and plug-in hybrids (PHEVs). There’s no time limit on the scheme for BEVs. However, the FBT exemption will expire
Sense never lasts long in the iron ore market. The market is still trading the long gone Pilbara cyclones. With China stocks down. Even though production is well and truly recovered. Apparent demand is a little better that 2024 for flat. And a little worse for long. Ahead are cuts, cuts, cuts! But the market
Deloitte Access Economics released its Budget Monitor, which estimates an underlying cash deficit of $26.1 billion in 2024-25, $0.8 billion above the expected outcome in the 2024-25 Mid-Year Economic and Fiscal Outlook (MYEFO). Larger underlying cash deficits are also forecast over the following three years. Net debt is also expected to increase to 19.6% of
The Market Ear says buy. Keep it simple Oversold can stay oversold for longer than most think possible, but deeply oversold, like now, has led to violent bounces kicking in over the past years. Source: Refinitiv Time to (ever) place some buy orders? Still early in the month, but JPM estimates that the potential equity