Simon Kuestenmacher, dubbed the “Stats Guy”, is a well-known immigration shill. For years, he has spread propaganda to support Big Australia. Last year, Kuestenmacher claimed that Australia’s skills shortages will worsen unless net overseas migration remains at an historically high level. “Let’s start with a quick analysis of how important foreign-born workers are for each
In recent federal elections, Victoria has represented a stronghold for the Labor Party. The 2022 federal election saw Labor win 24 out of 39 Victorian seats and 54.83% of the two-party preferred vote. However, in the upcoming election, Victoria is shaping up as a problem state for the Albanese government. Poll Bludger shows a 5.4%
The ferrous complex has come off a little but it is still enjoying favorable Q1 dynamics. CISA mid-February output climbed in a typical fashion. MySteel has output below last year, but CISA is more reliable, and is a little above. The Pilbara killer cometh on time. The British-Australian mining concern Rio Tinto sees opportunities to
I was interviewed by Luke Grant at Radio 2GB/4BC, where I broke down the immense failure of the East Coast energy market, especially pertaining to gas. Below is an outline of the themes discussed. The federal government made the dire mistake of approving export gas terminals out of Gladstone more than a decade ago without
As we know, three Chinese dinghies have taken a pleasure cruise down the east of Australia. In doing so, they cannot, surely, have anticipated such wild success. The hilarity of Australia’s vulnerability to Chinese gunboat coercion grows with each passing minute. One of the cockles can be, and maybe, equipped with nuclear-armed HN missiles. These
DXY is trending down. EUR up. AUD has flamed out. Lead boots are going nowhere. Oil has priced the end of the war, gold has not. Copper has caught Goldman disease. Big miners are the dogs of dogs. Or maybe that is EM. Or junk! The growth scare is working on yields. Still not enough
Wall Street finally stopped flailing around while European stocks pushed higher despite more Trump Tariffs, as the EU gets caught in the crosshairs of Putin’s Puppet. While the Canadian/Mexican tariffs are being postponed to April, the EU is going to get hit with a 25% round, possibly sooner particularly on cars and other manufactured goods.
The most significant information in Wednesday’s monthly inflation indicator from the Australian Bureau of Statistics (ABS) was the sharp decline in housing inflation. As illustrated below by Justin Fabo from Antipodean Macro, the easing in CPI rent inflation continued in January, with rents rising by only 0.3% over the month to be 5.8% higher year-on-year.
Asian share markets are very mixed with Chinese shares lifting while the rest of the region is playing along with the downtrend on Wall Street as the upcoming Canadian/Mexican tariffs look like starting soon, although that’s clear as mud due to the ongoing clownshow at the White House. Meanwhile locally the latest monthly CPI print
Deutsche with the note. We wrote yesterday that our conviction level on the bearish EURUSD view had declined largely on consistent signalling of a more conservative fiscal policy from the US administration than what we had assumed since the start of the year. This is the primary reason behind the recent rally in US Treasuries,