I noted on Monday how “Australian households cannot escape recession”, citing the Q4 2024 ABS national accounts figures showing that real per capita household consumption had fallen for eight consecutive quarters. The decline in consumption follows a record 8% fall in real per capita household incomes. The Q1 2025 retail sales figures also fell in
The taxpayer-funded ABC has become one of Australia’s leading propagandists for Big Australia immigration and a high-density future. Check out the garbage below from the ABC imploring Australians to accept high-rise shoebox living as their future, as the federal government crush-loads our major cities with endless mass migration. “All over Australia we are being told
The last thing the world needs is another war. We already have the conflict in Ukraine and the Israel-Hamas war. Now India and Pakistan are on the verge of war. It all began when Pakistani terrorists killed 26 people, mostly tourists, in Kashmir last month, which India blamed on Pakistan. A series of skirmishes ensued
DXY is struggling mightily still. AUD to the moon! Lead boots grow wings. Oil buy the fact. Metals growth no bueno. Mining dogs. EM meh. Junk hmmm… A little yield relief. Stocks flamed out. Gold has returned to its undollar best. AUD is gold in slow motion. Although gold is only about 7% of the
The Greens’ dream of becoming the ‘third force’ in Australian politics has been eviscerated following Saturday’s federal election. The Greens’ primary vote fell and they lost the lower house seats of Griffith and Brisbane, with vocal housing whinger Max Chandler-Mather booted. As of Wednesday morning, Greens Leader Adam Bandt was trailing Labor’s Sarah Witty 47.3%
Recently, three migration pacts have been signed by Australia that facilitate Indian migration, namely: The Australia-India Economic Cooperation and Trade Agreement (ECTA), signed by the former Morrison Coalition government. Australia-India Migration and Mobility Partnership Agreement, signed by the current Albanese Labor government. The Mechanism for Mutual Recognition of Qualifications, signed by the current Albanese Labor
On Tuesday, the Australian Bureau of Statistics (ABS) released dwelling approvals data for March, which recorded an 8.8% monthly fall to 15,220 approvals. House approvals fell by 4.5% in March, while unit & apartment approvals fell by 15.1%. Annual approvals rose to 180,740, up 10% on the June 2024 low of 164,254. As illustrated below,
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
The post Macro Afternoon: 6 May 2025 appeared first on MacroBusiness.
I reported last week on the latest results from Realestate.co.nz, showing that the national average asking price of homes listed on the site declined for the second consecutive month in April to $851,746, down 3.8% from $884,995 in February. The decline in prices was attributed to a growing glut of homes listed for sale, which
JKM LNG futures are still signalling gasmageddon for Australia later this year. Adjusted for an AUD at 70 cents, plus regasification costs, imported LNG will still be coming in at about $19Gj versus $12Gj today. The gas cartel will respond to LNG imports by restricting supply so that global prices become the marginal price setter.