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Australia urged to create reserve army of eKarens

August 25, 2025 - 11:00 -- Admin

Australia is slowly transforming into 1984’s Ministry of Truth. First, we saw the Albanese government backflip and announce that Australians under 16 would be banned from accessing YouTube. Prime Minister Anthony Albanese also wants to make Australia’s draconian media ban global. Albanese announced that he will promote Australia’s world-first social media age ban and encourage

RBA rate cuts pull Aussie consumers out of recession

August 25, 2025 - 10:30 -- Admin

Australian consumers have been trapped in a recession. The March quarter national accounts showed that real per capita household consumption has been negative for seven consecutive quarters on an annual basis, down 2.4% from its peak. As illustrated below by CBA, the Australian consumer is the largest component of the economy. And the sluggish pace

Unions must embrace Peter Dutton’s gas reservation

August 25, 2025 - 10:00 -- Admin

Are we getting somewhere? The Australian. The top Abu Dhabi executive spearheading its $30bn Santos takeover has opened crunch talks with the Australian Workers Union which took aim at Santos’s venture in Gladstone for sucking up third party gas to meet its LNG export contracts. Mohamed Al Aryani, president of international gas at ADNOC’s XRG,

Macro Morning

August 25, 2025 - 09:00 -- Admin

Risk markets loved Fed Chair Powell’s long awaited speech at the central back fest at Jackson Hole with a dovish tilt seemingly suggesting that the Federal Reserve will cut rates in September, but only if inflation remains contained from the Trump regime’s tariffs. The hint gave Wall Street the signal to buy after five straight

Australia’s economic ‘lost decade’

August 25, 2025 - 00:05 -- Admin

Independent economist Chris Richardson published the following chart on Twitter (X) showing that Australia has experienced one of the poorest increases in living standards over the past decade among advanced OECD nations. “The good news is that Australia’s average has improved since my last update”, Richardson wrote. “The bad news is we still have a

The economic week ahead

August 24, 2025 - 16:00 -- Admin

By Lucinda Jerogin, Associate Economist at CBA It was a relatively quiet week locally. Consumer sentiment lifted to a 3½ year high, providing further evidence the household consumption recovery is gaining momentum. The Economic Reform Roundtable was held in Canberra from Tuesday to Thursday. Offshore, geopolitical events dominated headlines. Russia-Ukraine ceasefire talks tookcentre stage, but no

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