Blogotariat

By Steve Davies   Australian Federal Election May 2022 Judgment Day – A quick guide for voters About this guide Now that the noisy political campaigning is officially over we all have time to think and reflect. Over the past few weeks we have all been bombarded by candidates and the media alike. The next few…

The post Judgment Day – A quick guide for voters appeared first on The AIM Network.

Recently I received a letter from John Howard telling me that he’d known Josh Frydenberg for twenty years and what a great chap he is and how intelligent and hard working he is. It was like one of those references you write when you don’t know the person very well but you know them well…

The post Take The PM To The April Sun In Cuba… appeared first on The AIM Network.

With real Australian wages falling to December 2014 levels amid the spike in inflation: The Fair Work Commission (FWC) has flagged the possibility of awarding a larger increase in the minimum wage for the lowest-paid workers and a smaller rise for people on higher minimum award rates: At a minimum wage hearing on Wednesday, Fair

The post Two-tier minimum pay rise flagged by Fair Work appeared first on MacroBusiness.

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I thought it was about time to do another update of the early voting statistics.

As of the end of Wednesday, 3.87 million people had cast a pre-poll vote. This compares to 3.52 million as of the same point in 2019, and a cumulative total of just under 4.8 million as of the end of the 2019 pre-poll period.

CoreLogic has released its final auction results for last weekend with the nation’s clearance rate falling to 60.1% – the lowest level since August 2021. The decline in the nation’s clearance rate was driven by Sydney, which fell to only 53.8% – the lowest reading in more than two years. According to CoreLogic: The busiest

The post Sydney’s sick auction market a harbinger for house price falls appeared first on MacroBusiness.

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While the gas cartel is busy forcing Australian energy bills up by sending our gas offshore, turns out the industry also pays minimal tax. According to a new report from The Australia Institute (TAI), major gas companies haven’t paid income tax in seven years despite earning $138 billion from their Australian operations: New analysis of

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It’s the last week of an election between the uninspiring and the unspeakable. Australia’s conservative incumbents – the unspeakable ones – are even desperate enough to concede to a lack of popularity. Dislike us, but for heaven’s sake, vote us in. The times are wretched, the cost of living is rising, and we are going…

The post COVID Brain Fade at the Australian Elections appeared first on The AIM Network.

A nice little summary from Credit Suisse. Sentiment is not everything. For me, the most important indicator is that credit spreads lead the bounce.  — We still have a cautious view of equities. We have the following concerns: Recession risk remains very high. We believe that US GDP needs to slow to 1%topush up the

The post What to look for in an equities bottom appeared first on MacroBusiness.

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The global recession is underway and it’s coming to an economic zone near you. Goldman’s financial conditions indexes are pointing the way. Global FCI has eased thanks to the bear market rally but remains tight: Sadly for it, the US is far too loose. Europe is tighter so the ECB is not going to get

The post Global recession coming to an economy near you appeared first on MacroBusiness.

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The situation has gone from bad to worse for Australia’s residential building industry. Following the recent collapses of major Australian construction firms Condev, ABG Group, Probuild and Privium, giant Metricon is now facing a similar fate: On Wednesday, it was reported that Metricon was in emergency talks with clients after falling into financial strife just

The post “Perfect storm” sends Aussie home builders bust appeared first on MacroBusiness.

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Here’s what the Lunatic RBA said in Minutes this week: Turning to domestic economic conditions, members observed that price pressures were intensifying and there was upward pressure on wages. Activity and conditions in the labour market had been resilient in the face of global and domestic supply shocks, and strong underlying momentum was expected to

The post Weak-kneed RBA should have waited for wages, like it said appeared first on MacroBusiness.

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Found myself paying $2.52/litre for petrol the other day and actually stopping filling the tank about halfway through. I can write off my fossil fuel delinquency on tax, but even for me that was a bit rich. I'm pretty sure the next vehicle is going to be pure electric and, stay with me now, I think it might be a... a... another Volvo.

Wait! Stop! Don't click away. I really like the look of the all-electric XC40.