Blogotariat

Last week, I had a terrific two-hour discussion on immigration policy with Martin North from Digital Finance Analytics (full video interview here). One of the topics discussed was why the Australian Treasury is such a rabid supporter of mass immigration when it is clear as day that it is detrimental to Australian living standards and

The post Why the Australian Treasury loves mass immigration appeared first on MacroBusiness.

The Australian Bureau of Statistics (ABS) on Wednesday released monthly CPI inflation data, which showed that overall rents across the combined capital cities rose 7.8% year-on-year in August: It was the strongest annual rate of rental growth since June 2008 when net overseas migration was also hitting an all-time high: The surge in rents has

The post Australian rents smash into affordability ceiling appeared first on MacroBusiness.

DXY reversed hard: AUD too: It isn;t obvious that CNY is a semi-floating currency: Brent rolled: Dirt soared: EM stock not so much: But miners popped: Junk firmed: Yields eased slightly: Stocks bounced but did not recapture support: US GDP revisions offered the market reprieve as the consumer was marked down. Goldman has more. Real

The post Australian dollar false break appeared first on MacroBusiness.

This year, there seemed to be reason for optimism among advocates of war powers reform. When the Senate voted in March to repeal the 2002 authorization for war with Iraq, many assumed the House would quickly pass the measure, which had garnered broad bipartisan support in previous years.

‘CIA cutouts’, big money grants and biolabs: The depth of US interference in Armenia explained

Washington has sunk tens of millions of dollars into the Caucasian nation, which is a treaty ally of Russia

With Premier Dan Andrews deciding to call it quits, I thought it was a good excuse to examine Melbourne house prices to see how they are tracking. According to CoreLogic’s daily dwelling values index, Melbourne is the nation’s biggest house price loser, falling the most since the RBA began lifting interest rates in May 2022,

The post Melbourne is the biggest house price loser appeared first on MacroBusiness.

New Zealand, like Australia and Canada, is currently experiencing unprecedented levels of net overseas migration: The record growth in the labour supply via immigration is beginning to have detrimental impacts on New Zealand’s labour market. The latest data from SEEK shows that the number of applicants per job has soared in New Zealand and has

The post Record immigration runs roughshod over jobs market appeared first on MacroBusiness.