Asian share markets are snapping back after rallying most of the week with the USD pushing higher after making gains against most of the undollars overnight as the Trump regime indicates it probably won’t fire Fed Chair Powell. Maybe. Japanese inflation numbers were as expected but still too high above the BOJ target sending Yen
Last month, I visited Harvey Norman in search of a replacement for my decade-old coffee machine. The sales assistant told me that sales of home coffee machines were booming, presumably because cost-of-living concerns had made barista-made coffee from a cafe unaffordable. I have also observed growing lines at the local Coles Express, where I regularly
One just has to love and laugh at the Aussie political economy. AFR. Productivity Commission chairwoman Danielle Wood is recommending the Albanese government overhaul company tax, speed up planning approvals for infrastructure projects and embrace artificial intelligence to lift the economy out of stagnation. Australian full-time workers would be at least $14,000 better off by
Earlier this week, I argued that Trump Derangement Syndrome is no basis for sustained Labor rule. Alas, I spoke too soon, because the Coalition, bent of self-destruction, has delivered said basis Via Wokey. An anonymous federal Liberal MP who opposed Sussan Ley as party leader when she stood for the role in May told The
I reported this week how the co-founder and life member of the Australian Greens, Drew Hutton, has been expelled from the party for a series of Facebook posts and comments he made about the Greens’ pro-transgender platform. Hutton responded claiming that “there have been over 40 members of the Greens Australia-wide who have contacted me,
How can the central bank of the only enduring immigration-led, labour market expansion economic model on earth never mention immigration? It is a trick question, of course. The model is only possible because the mention of the word immigration is cancelled, thus enabling the ongoing slaughter of living standards for extant Australians. Imagine if they
ANZ is excited. China: reflation kicks off China kicks off a reflation strategy, signalled by a mega hydropower project. The goal is to restore the inflation dynamics via supply-side tightening and creating new demand side. Producer price index (PPI) could turn positive soon due to rising commodity prices. But it will still takeat least two
Last year, the National Anti-Corruption Commission (NACC) became involved in its own corruption crisis. When the Royal Commission on the Robodebt Scheme released its report, the commissioner recommended that six people be submitted to the NACC for investigation. Many Robodebt victims were outraged when the NACC announced that it would not execute the recommendation. The
In the Albanese government’s first term in office, a strategy that could be broadly summed up as “Steady as she goes” or “Small target government” was pursued. While such an approach left the government with a minimal book of policy accomplishments, it also provided the Coalition few easy opportunities to gain momentum and present themselves
Neither policymakers nor proponents of a Big Australia accept the importance of water in the immigration debate. A succession of papers has warned that Australia will experience chronic water shortages and escalating water bills as its population rises by millions, driven by chronically high immigration levels. For example, Infrastructure Australia’s 2017 modelling forecast that real household