Independent economist Chris Richardson has warned that it could take a decade for Australian living standards to recover from 2021–22 levels, noting that the “free ride on the back of the rise of China” is over. “It’s a grind, there is no magic wand”, Richardson said. “We are now starting to turn in the right
Friday night saw the latest US ISM manufacturing PMI prints coming in stronger and combined with some Fedspeak saw the USD drop slightly against most undollar assets, except gold. The hard time for Chinese equity markets continued into the European session but Wall Street was able to bounceback which should translate into gains here in
Australia’s politicians, the media, and environmental groups want us to believe that climate change is the biggest environmental threat. They claim that Australia needs to meet its net zero commitments to prevent “dangerous climate change”, ignoring that Australia is a tiny emitter on the world stage and China is the main source of carbon emissions.
Analysis released last week by the Daily Telegraph showed that the average mortgage interest bill in Australia has tripled since the Reserve Bank of Australia (RBA) began raising interest rates in May 2022. “National Accounts figures show Australians paid a total of $31.2 billion in mortgage interest rates across the entire economy as of the
The Cook, the Thief, his Wife, and her Lover, Peter Greenaway 1990 It’s early January. Deep in the bowels of ABC HQ there’s a balancing act in play. Nothing much happens in January except sports, so most non-sports real journalists are told to head off and freshen up for the coming season. Between Christmas