Alan Kohler published a stinging critique of the Australian economy, which he described as a “basket case”: Productivity is declining and housing is unaffordable. Economic growth depends entirely on government spending and immigration, and high immigration has not been matched with enough infrastructure and housing to support it; as a result, Australia is divided, defensive,
DXY is back as the child president spews his slop in a hard reverse. AUD has switched from safe haven to growth proxy, Lead boots to the moon! That is the ugliest double top on gold I can remember. Metals vote for growth over tariffs. Miners maybe. EM nears breakout. Grow my junk! Yield pause.
Melbourne’s population has expanded by around 2 million people this century. Melbourne’s population is projected to grow by another 3.5 million during the next 31 years, reaching 9.0 million by 2056. This implies that Melbourne will add 5.5 million people in just 56 years. All Melburnians have felt the negative consequences of this population explosion.
The most recent Household Income and Labour Dynamics in Australia (HILDA) survey from the University of Melbourne and the Melbourne Institute revealed a growing wealth discrepancy across the country. As illustrated below, older Australians’ wealth has increased the most over the past two decades. Australians aged 75 and over saw the greatest percentage rise in
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 Easy Listening
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Global oil prices fell to around $US60 per barrel last week after peaking above $US80 earlier this year and holding above $US70 just before “Liberation Day”. The oil price was down by around 25% from the previous year and was half the towering peaks achieved in early 2022. The downturn reflects fears about the global
Goldman with the note. Our Thoughts on USD, CNY, USD/Asia, JPY, GBP, CHF, RON & Globa Asset Reallocation USD: Smile, big and wide. There are two themes running through macromarkets. First, and a bit more structurally, investors are conscious that the resilience in hard data thus far is not surprising, but still believe it will
Here it is. Australia’s Magnificent One. Considered by the market to have better growth prospects than Apple, Alphabet and NVIDIA, and fast catching Microsoft. The CBA’s spectacular rise as the Maginficant One is out of step with its sector. And has no basis in its operational performance. My best guess is the CBA is enjoying
China data over the weekend should encourage nobody. Goldman. China’s export growth remained solid in April despite the implementation of US reciprocal tariffs, significantly above the consensus expectations, and import growth also surprised to the upside (exports: +8.1% yoy, imports: -0.2% yoy). The resilient export growth was partly due to a low base last year.
Australian households have suffered one of the largest declines in real disposable incomes in the developed world. The Q4 2024 national accounts from the Australian Bureau of Statistics (ABS) showed that real per capita household disposable income had declined by around 8% from its mid-2022 peak, the sharpest decline on record. The ABS released its