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Articles from MacroBusiness

Chinese property crash guts corporate earnings

February 15, 2024 - 13:30 -- Admin

‘Tis relentless and has a very long way to run. Morgan Stanley with more. Major Deterioration in 4Q23 Earnings Pre-AnnouncementsOur China Equity Strategy team’s quarterly tracker of earnings pre-announcements showed that 4Q23 earnings alerts have deteriorated sharply. As of February 5, 34% of MSCI China companies issued alerts, and the pre-announcements (by number of companies)

Albo’s hash bombed Indian labour deal collapses

February 15, 2024 - 13:00 -- Admin

Australia’s former universities turned Third World corporate parasites are pulling sharp u-turn: Universities and private colleges have cancelled scores of international student enrolment offers as institutions rush to protect their risk ratings following the federal government’s visa crackdown. Some education providers believe they’re being unfairly impacted by the government’s migration reforms which aim to slash

Australia’s housing outlook continues to darken

February 15, 2024 - 12:30 -- Admin

February has turned out to be another shocker for Australia’s home-building industry, which faces an uphill battle supplying homes for Australia’s ballooning population. Only 162,200 dwellings were approved for construction in the 2023 calendar year. This was the lowest annual result since March 2013, below the historical average, and some 78,000 lower than the Albanese

Unemployment climbs

February 15, 2024 - 11:32 -- Admin

Fresh from the ABS. In seasonally adjusted terms, in January 2024: unemployment rate increased to 4.1%. participation rate remained at 66.8%. employment increased to 14,201,300. employment to population ratio decreased to 64.1%. underemployment rate increased to 6.6%. monthly hours worked decreased to 1,871 million. full-time employment increased by 11,100 to 9,797,800 people. part-time employment decreased by 10,600 to 4,403,500

Australian immigration stampede slows from lunatic to ludicrous

February 15, 2024 - 11:00 -- Admin

The Department of Home Affairs has released temporary visa data for the December quarter of 2023, which shows that net overseas migration remained turbo-charged. The charts below summarise the data and compare visa numbers as of 31 December of each respective year. First, there were 2,763,000 temporary visas on issue as at 31 December 2023,

Guardian fruitcakes want 100 people per dwelling

February 15, 2024 - 10:00 -- Admin

It just gets worse at Australia’s newspaper-turned-fantasy fruit cake recipe. Unsatisfied with the gaslighting of dying homeless people, The Guardian of Nothing’s intellectual frauds have scoured the earth to find a style of living that agrees with its perverse aesthetic: Meet Konstanze Winter in Delft, a canal-encircled city in the Netherlands best known for its

More bad omens for Australian jobs

February 15, 2024 - 09:30 -- Admin

We have noted repeatedly how Australia’s unemployment rate will likely shoot up this year as employer demand for workers slows and labour supply grows briskly via strong net overseas migration. This puts MB at odds with the Reserve Bank of Australia’s (RBA) latest Statement of Monetary Policy (SoMP), which forecast that Australia’s unemployment rate would