Blogotariat

I, like millions of others, have already cast my vote at an early polling booth. As I walked past the many volunteers (and the Liberal and Labor candidates), I politely declined their proffered How to Vote cards saying I knew what I wanted to do.  They just smiled and moved on to the next person…

The post “Labor haven’t released their costings” appeared first on The AIM Network.

May 2022 Australian property market affordability update Australian property market prices have started to drift lower. In recent months, mortgage fixed interest rates have risen substantially, now standard variable rates are on the rise. The official rate rose, and already affordability is as poor as it has ever been in some markets.  Housing valuation and

The post Do we really need more tax breaks and demand for property? appeared first on MacroBusiness.

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On Sunday, the Morrison Government announced that if reelected, it would allow first home buyers to borrow up to 40% of superannuation to purchase their first home, capped at up to $50,000 (see yesterday’s article). Under the policy, first home buyers would need to have $125,000 in their superannuation account in order to withdraw the

The post Coalition’s super-housing plan would increase inequality appeared first on MacroBusiness.

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Roy Morgan’s last opinion poll before this weekend’s federal shows that Labor is poised to take government with a swing of 4.5%, However, the race has tightened: The ALP’s lead over the L-NP has been cut to 6% points as early voting began last week but it still holds a clear election winning lead before

The post Labor poised for federal election win appeared first on MacroBusiness.

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The ferrous complex firm on May 16, 2022. Spot did not update: Yesterday’s China data has left me scratching my head. The numbers were disastrous across the board. With the exception of steel output which was only down 5%: Versus cement down 19%: I can only surmise that steel is stronger owing to accumulating inventories.

The post Daily iron ore price update (at a loss) appeared first on MacroBusiness.

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Over the past few weeks, we’ve witnessed the business lobby, mainstream media, the IPA and Coalition all hit out at the union’s and Labor’s call to lift the minimum wage by the Consumer Price Index (CPI), claiming that doing so would stoke inflation and force up interest rates. At the same time, these groups have

The post Where’s the inflation panic surrounding Stage 3 tax cuts? appeared first on MacroBusiness.

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JPM Marko Kolanovic has been wrong all year but here’s his latest bullish missive: Cross-asset Strategy: Equities stand to recover if a recession doesn’t come through, given already substantial multiple de-rating, reduced positioning and downbeat sentiment. We expect EM equities to outperform on healthy earnings and a lower equity risk premium, and remain OW China

The post A bullish take on stocks appeared first on MacroBusiness.

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Like most English-speaking nations, Canadian house prices boomed over the pandemic, soaring 32% since February 2020 according to Teranet: The surge in prices was led by Canada’s largest city Toronto where prices surged 37% over the pandemic. However, like most nations, Canada’s mortgage rates have begun to rise, jumping by around 0.8% since March, according

The post Canada’s housing market braces for interest rate shock appeared first on MacroBusiness.

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Last night saw a failure to confirm Friday’s bounceback on stock markets with both European and US shares playing the wobbly game amid tension over interest rates and Chinese growth concerns. The bond market moved around only a little with the 10 year US Treasury yield easing off to just below the 2.9% level, with

The post Macro Morning appeared first on MacroBusiness.

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Anthony Albanese is upset that Labor was not consulted about AUKUS until 24 hours before it was announced even though the Biden administration demanded bipartisan support given the long horizons for the deal: Prime Minister Scott Morrison has denied that Australia broke with the Biden Administration when it decided not to consult Labor about its

The post ScoMo was right to keep AUKUS secret from Labor appeared first on MacroBusiness.

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