Market Forces is some kind of green money lobbyist. It has produced a cracking report on Aussie gas, inadvertently illustrating that market reforms are vital to stabilise Aussie gas usage. First, the report shows that it is gas that most uses gas. Next, it shows where industrial gas usage goes. Finally, it illustrates that 10%
The second day of the Canberra productivity roundtable will reportedly debate how to reduce the backlog of development projects awaiting environmental approval. Danielle Wood, chair of the Productivity Commission (PC), will address roundtable attendees in the morning in her session titled “Better Regulations and Approvals”. Her speech is likely to illustrate how environmental approvals slow
The ferrous complex is looking rather weak suddenly. Part of it is the greatest housing crash in the history of the cosmos is getting worse, not better. Goldman. Hmmm… Inventory rising again. Completions are better, but no cigar. Prices, oh dear, as folks abandon property portfolios. No end in sight.
I suppose you can only ignore the number one input into the immigration-led economy for so long. Even if the Productivity Commission can produce five enormous reports (which are going to be roundly ignored) without mentioning it. The Australian. Business and unions have brawled on the first day of the economic reform roundtable over a
Big. The Market Ear. CAPEX boom and… Will this time be different? Source: BCA Source: BCA This time really different In a very extreme way. Authers: “It’s unheard of for 2% of the index’s companies to account for virtually 40% of its value”. Source: Bloomberg/Authers But they are magnificent The big ones making the big bucks.
Australian home prices hit a fresh record high in July, with more growth expected following the latest interest rate cut from the Reserve Bank of Australia (RBA). The Westpac Consumer Sentiment Index, released on Tuesday, suggested that Australians have become extremely bullish on house prices, expecting significant increases in the months ahead. As illustrated below
Since the pandemic first arrived in Australia at the start of 2020, the confidence level of the nation’s households has been an absolute rollercoaster ride. Confidence fell to the depths of the lows seen during the 1990s recession, then skyrocketed to decade highs as pandemic-driven stimulus boosted the fortunes of households and the broader economy.
The Australian recently published Jobs and Skills Australia (JSA) data showing that there is an abundance of applicants per job. This suggested that concerns surrounding labour shortages are overblown. At the aggregate economy level, there were 29.3 applications per vacancy, 9.4 qualified applicants per vacancy and 4 suitable applicants per vacancy: As illustrated below by Justin
It took Melbourne 165 years to hit a population of 3.5 million at the turn of the century. Over the first 25 years of this century, Melbourne’s population has grown by nearly 2 million, causing immense strain on housing, infrastructure, services, law and order, and overall living standards. The state government has also been buried
Geopolitics again dominated the newsflow overnight, although the latest Canadian CPI print gave off a bit of a reverberation across currency markets with the USD pushing most of the majors down slightly as the Loonie almost went back to its recent monthly low. European stocks rallied while Wall Street pulled back on mixed home sales