By Stephen Saunders Major-party election-offerings are unsympathetic to ordinary voters. Coalition indolence (and overstated Trump fears) may well re-elect Labor or (heavens no) Labor-Greens. At MacroBusiness also The Australian, I’ve portrayed Election 2025 as a winning romp for the top 20% regardless of who becomes prime minister. Meaning, little improvement across crucial indicators such as
Global Reading: Trump’s trade war could claim a new victim: Canada and Europe are reconsidering $150 million Lockheed Martin fighter jets – Fortune Billionaire Peter Thiel Warns of a Looming Real Estate ‘Catastrophe’—A ‘Massive Hit to the Lower Middle Class and Young People’ Who Can’t Buy Homes – Yahoo Trump’s US Commerce Secretary, who owns
CreditorWatch warned that almost one out of every six (16.2%) hospitality firms is at risk of failing due to high interest rates, rising rents, cost-of-living pressures, and the pandemic hangover. CreditorWatch forecast that roughly one in eleven (8.9%) food and beverage enterprises would close in 2025. The latest insolvency data from the Australian Securities and Investments
This is so dumb or corrupt that I don’t know where to look. Sky. Shadow energy minister Susan McDonald has hit out at Labor over Australia’s looming gas crisis, declaring state and federal governments needed to “get out of the way” and allow more projects to proceed. …Speaking on Sky News Australia, shadow resources minister
Australians are hurting following an 8% decline in real per capita household disposable income since the Albanese government came into office. Australian households have suffered from an inexorable rises in gas and electricity prices. Australian renters have suffered from a near 50% rise in rents since the pandemic, driven mainly by the surge in net
The Victorian government’s financial troubles are widely documented. In 2023-24, the state had the nation’s highest per capita net debt and the lowest credit rating (AA). The trend growth in Victoria’s debt is equally alarming. The two leading international rating agencies, S&P and Moody’s, warned that if debt levels are not managed, Victoria’s credit rating
RBA reform has failed. The only reason it was initiated was the central bank’s total failure to forecast the sun coming up for a decade. As I have argued many times, the primary reason for the failure is the self-inflicted fatwa against mentioning immigration. This is central to the perpetuation of the intrinsically corrupt immigration-led
The spectacularly biased Peta Credlin wrote and a great piece about Labor energy failures yesterday. Quite apart from all the other problems that the Albanese government has created or exacerbated – the record migration-driven pressures on housing costs and supply, wage suppression and infrastructure overload; the productivity-crushing advances to union power; the green veto on
Three months ago, I questioned why the population numbers contained in the Q3 ABS national accounts differed so widely from the official Q2 population figures released one week later by the ABS: That is, the Q3 national accounts implied 656,000 population growth for 2023–24, versus 552,000 growth in the official quarterly population data. That represented
The Market Ear with an amusing set-up for equities. The humans have turned bearish. The robots want to buy! Massive MOVE Bond volatility has sold off aggressively over the past sessions. Source: Refinitiv SPX and bond volatility We have not seen such a big move lower in bond volatility and SPX not catching bids, at