You can have AI or immigration, but not both unless you want a labour market disaster. But, as usual, we’ll have to find that out the hard way. At least, Aussie youth will. The Albanese government has decided against legislation to manage artificial intelligence, with a new national roadmap emphasising Labor’s focus on the technology’s
Last week, AMP chief economist Shane Oliver estimated that Australia had a cumulative shortage of at least 220,000 homes and possibly up to 300,000. “Starting in the mid-2000s annual population growth jumped by around 150,000 people largely due to a surge in net immigration– see the blue line”, Oliver wrote. “This should have been matched
It’s fixed! Two of China’s private data agencies skipped releasing monthly home sales figures without explanation, clouding the outlook for a key segment of Asia’s largest economy after fresh turmoil triggered by state-backed developer China Vanke Co. China Real Estate Information Corp. and China Index Academy, which are among the country’s biggest private property data providers,
With the release of the latest data from pollster RedBridge, it was revealed that the Coalition’s share of the primary vote had fallen to just 24% at a federal level. It’s worth noting that over 85% of this poll was conducted before the Coalition abandoned its commitment to ‘Net Zero’ by 2050. The extent to
The Bitcoin bust continues. The Market Ear. Keep it simple BTC continues trading inside the perfect trend channel that has been in place since the puke began. Note the reversals off the 21 day. Source: LSEG Workspace Make or break BTC has traded inside a huge range since last October. 80k is range lows (75k
Former federal Labor MP Craig Emerson has written an article in The New Daily slamming those arguing for lower, more sustainable levels of immigration. Emerson’s main argument is that a strong immigration program is necessary to prevent Australia’s population from ageing: Apart from pointing out the obvious that, other than First Nations people we are
The Greens are right about gas. On Monday, the Greens signalled they would use that leverage to block any mechanism that “financially incentivises” gas production, and declared a levy on LNG exporters the only viable approach to rebalance the market without underwriting new development. Greens resources spokeswoman Steph Hodgins-May said Australia had ample supply and
We have warned repeatedly that the state of Victoria is on the path to financial ruin. Victoria has the highest per capita debt in the nation and the lowest credit rating. The Victorian Auditor‑General cautioned last month that debt, deficits, and infrastructure blowouts pose serious long‑term risks to the state’s financial sustainability. Victoria’s liabilities now
Overnight saw what could be the beginnings of a risk off mood as Wall Street was unable to get moving after the weekend, helped along by a dumping of crypto as Bitcoin made new lows. All eyes are still on the Fed’s December meeting where a rate cut is a given, but overnight saw some
Just when you think it’s safe to dip back into forex markets, the Japanese bond shock returns. At least this time, it is yields, not currency. Helped by the dovish Fed. AUD can’t rise while Japan threatens bond meltdown. CNY remains supportive. Gold senses something is amiss. Metals mania continues. Miners firmed. EM is stalled.