Last month the ABS announced that it would not be releasing the 2023-24 Survey of Income and Housing due to data collection issues. In the ABS’ own words: “Despite work to address these issues, the data did not meet the ABS’ high standards for official statistics and will not be released. This decision means that
Perhaps the most enduring mystery dogging the Albanese government is why it has taken no action to reduce gas prices. This one reform is such low-hanging fruit, so easy to do, with such immense economic upside, that the failure to act upon it is the single most toxic symptom of Australian political failure in the
Wall Street rebounded overnight in what looked like a short covering exercise but barely managed to cover the Friday night losses while the USD remains on the ropes as it only moved higher against Swiss Franc as the likelihood of the Fed cutting rates much sooner increases. US Treasuries again saw further moves lower across
The latest temporary visa data for Q2 2025 from the Department of Home Affairs shows that the total number of student visas on issue in Australia fell marginally to 592,342, down from 608,262 a year prior. However, the slight fall in temporary student visas on issue was offset by the rise in graduate visas, which
The ACTU has used its submission to the federal government’s upcoming economic roundtable to call for negative gearing and the 50% capital gains tax (CGT) concession to be restricted to a single property. The ACTU also wants a 25% “energy levy” to be imposed on LNG exports, for millionaires and family trusts to pay at
Canada experienced a boom in temporary migrants over recent years, which helped drive up rental inflation to astonishing levels. As a result, temporary migrants hit a record 7% share of Canada’s population in mid-2024, which the government has promised to reduce to 5% by the end of 2027. Now spare a thought for Australia, whose
When the RBA released its forecasts for the economy in May, their expectation was that unemployment would rise to 4.3% by the end of 2025 and remain there until mid-2027, the conclusion of the forecast period. With the release of the latest labour force data for June, the nation’s unemployment rate arrived at 4.3% quite
Bear season starts with a bang. The Market Ear. Average August angst Nasdaq closing below its 20 day moving average for the first time since April. The last time the Nasdaq 100 QQQ fell 2%+ on the first trading day of August was… last year. The QQQs actually fell 2%+ on each of the first
S&P Global has advised the Victorian government that its credit rating will not be downgraded from ‘AA’, as it has been assured by the government that it will “control operating costs ahead of the 2026 election, deliver promised cost savings, and slow growth in debt”. However, S&P noted that the Victorian government’s financial management has
While most of Labor is lost on Planet Gaza, Jenny George is focused on what matters. From The Australian: The government’s review of gas markets is timely as the interaction of our domestic and export markets is dysfunctional. LNG is exported without regard for our domestic needs. We’re the second-largest exporter of LNG, yet facing domestic gas