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Articles from MacroBusiness

Macro Afternoon

May 17, 2024 - 16:00 -- Admin

A mixed reaction to the slip on Wall Street overnight across Asian stock markets with local stocks losing their risk on mood the most, while Chinese shares are sanguine after the latest fixed asset investment numbers were released. The USD is still coming back against the majors, particularly against Yen while the Australian dollar is

Harry Triguboff cuts apartment construction, demands more migrants

May 17, 2024 - 14:00 -- Admin

Billionaire Meriton founder Harry Triguboff has warned that he will develop fewer apartments because selling them will be difficult due to high interest rates. “It is harder to sell apartments now than ever before”, Triguboff said. “The market for selling is definitely not rising…and it won’t rise much until we drop our interest rates”. “Of course,

Canada’s leads Australia into mass unemployment

May 17, 2024 - 13:30 -- Admin

I have noted repeatedly how Canada represents an omen of what could happen to the Australian economy if we continue running an extreme immigration policy. Canada officially recorded its largest-ever increase in population in 2023, with 1.27 million residents added, 98% of whom came from net overseas migration: Like Australia, Canada’s extreme immigration has kept

Australia’s inflation dragon has been slain

May 17, 2024 - 12:30 -- Admin

In the latest Treasury of Common Sense with Radio 2GB’s Clinton Maynard, I discussed the band-aid federal budget, why net overseas migration numbers will overshoot projections, and why Australia’s inflation dragon has been slain. Below are the highlights pertaining to the inflation discussion. Clinton Maynard: Do you think inflation has been beaten? Have we broken

There is no manufacturing future without cheap energy

May 17, 2024 - 12:30 -- Admin

Sharri Markson from Sky News interviewed me on Wednesday night, where I explained why the Albanese government’s attempts to boost manufacturing would fail without plentiful and affordable energy. Edited Transcript: Australia is an energy superpower. We should have the cheapest energy in the world. But instead, through policy failure, we actually have some of the