Economists have regularly debated the role of government as a driver of the economy since the Covid-19 pandemic. The most common data point is the contribution of the government to overall economic activity. As the chart below illustrates, over most of the last 40 years, the proportion of GDP derived directly from government generally moved
Australians are fed up with the immigration-led economic model. It’s in every poll. Australian Population Research Institute: 54% want lower immigration; Newspoll: 56% want lower immigration; Essential: 54% believe Australia’s population is growing too fast and 64% believe immigration is too high; Lowy: 54% of people think the total number of migrants coming to Australia each year is too
Prime Minister’s are dropping like flies as the French government collapsed overnight, which followed the resignation of Japanese PM Ishiba over the weekend. The market reaction has been contained more or less with traders actually positioning to see how Trump will react on anti-social media to the release of the latest Epstein evidence and try
Real per capita household disposable income is arguably the most accurate measure of individual living standards. OECD data showed that in the decade to the March quarter of 2025, Australia experienced the poorest rise in real per capita household disposable income among major English-speaking nations. Australia’s real per capita household disposable income increased by only
Broadcaster Kel Richards has lamented the “tragic” death of the Australian backyard in a segment on Sky News. “Figures came out … in which they showed there are relatively fewer standalone homes being built and far more high rise apartment blocks being built”, Richards said. “I call the death of the great Aussie backyard, I
Asian share markets are mostly higher across the board as traders anticipate more Fed easing after Friday night’s US jobs print showed the Trump regime’s economic malaise continues although local stocks had a little stumble. Meanwhile bond markets are trying to recover with many long dated yields across the UK, Japan and USA backing off
Prime Minister Anthony Albanese is back at it, lying that a renewables-based future will deliver Australia an “era of growth and prosperity” with the private sector leading the charge. “The global shift to clean energy is the biggest economic transformation since the industrial revolution and it is a profound economic opportunity for Australia”, Albanese will
Morgan Stanley is very DXY bearish. The US dollar has remained remarkably stable in recent weeks. Even the political noise surrounding potential personnel changes at the Federal Reserve and the decline in front-end UST yields have not rattled the greenback. This resilience stems in part from a perception that the US economy is absorbing import
The US jobs market is weak and getting weaker. The Friday BLS report has some dour implications for Australia. Total nonfarm payroll employment changed little in August (+22,000) and has shown little change since April, the U.S. Bureau of Labor Statistics (BLS) reported today. The unemployment rate, at 4.3 percent, also changed little in August. A job
The fake left is as dangerous as it is stupid. …a contribution from the strategist and former Kevin Rudd staffer Lachlan Harris stands out this week. Responding to Hugh White’s recent Quarterly Essay, Hard New World, Harris, a businessman and student of political communications, makes the case that the next great prime minister will be