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Cowardly Chalmers kills negaive gearing reforms

October 25, 2024 - 13:40 -- Admin

Blow me down with a feather. Treasurer Jim ” Chicken” Chalmers has snuffed out property tax reform (on a Friday afternoon to bury it): Jim Chalmers has finally killed off consideration of winding back tax concessions for property investors, saying the proposed changes would not do enough to boost supply in Australia’s housing market. After weeks

Will China choose consumers or soldiers?

October 25, 2024 - 13:30 -- Admin

TSLombard with the note. Here we go again. The US election has a binary outcome for China macro and markets. While both candidates and parties have broadly similar structural positions on Washington-Beijing relations, policies differ widely in cyclical terms. Those differences can be categorized crudely as a Trump victory posing high economic risk but offering

“Big Australia” is built on a foundation of Orwellian lies

October 25, 2024 - 13:00 -- Admin

By Stephen Saunders: Democracy seems futile, up against Huge Australia. Not even “extraordinary developments” are likely to budge this Albo-tross. What other tactics are available?  Scorning voters, dismissing evidence, the “stakeholders” uphold Copacabana Albanese’s third-world, low-productivity, 80% population-replacement program. I’ve predicted that mega migration will persist irrespective of Election 2025. Only extraordinary developments could arrest

Australia too fat, dumb and corrupt for nuclear power

October 25, 2024 - 12:30 -- Admin

The nuclear debate is afoot: The Australian Energy Regulator says the nation’s coal-fired powers stations are too decrepit to keep running until nuclear power can be operational because it will take eight to 10 years just to establish the regulatory framework for nuclear. But the opposition, which plans to roll out the first of its seven nuclear power

Are the Australian economy and federal budget sustainable?

October 25, 2024 - 12:00 -- Admin

Much has been written about how Australia’s labour market and economy are being underpinned by record government spending, which hit 27.3% of GDP in Q2 2024 and is projected to continue rising. The National Disability Insurance Scheme (NDIS) has become the biggest driver of Australia’s employment growth. As illustrated in the following chart from CBA,

Global finance ministers to thank Chalmers for reducing their unemployment

October 25, 2024 - 11:30 -- Admin

They’re all liars. Dr Chalmers will tell finance ministers that under the Albanese government, inflation has halved. “We’ve recorded faster employment growth than all major advanced economies; real wages are growing again; and our two straight surpluses have helped repair the budget,” he will say. Inflation in Australia has proved to be more persistent than

NIMBYs are the new housing scapegoats

October 25, 2024 - 11:00 -- Admin

Last weekend, Victorian Premier Jacinta Allan chose the wealthy suburb of Brighton to launch her plan to take planning control away from local councils in order to create 50 activity centres designated for 20-storey high-rise apartment towers. These activity areas will also include other wealthy suburbs such as Armadale, Hawthorn, Glen Iris, Malvern, and Toorak.

Mountains of dry powder

October 25, 2024 - 10:30 -- Admin

The Market Ear on stocks. Fast buying Coming into this week, HFs have net bought US equities at the fastest pace YTD. GS PB Grossed up Hedge fund gross leverage at 100th percentile. Looks full. MS PB Bought a lot Long/short equity hedge funds have significantly increased net exposure, risk control and CTA funds have

Victoria’s financial meltdown will cost every Australian

October 25, 2024 - 10:00 -- Admin

Earlier this year, former federal Treasury official Stephen Anthony warned that Victoria may ultimately require a federal “bailout” amid soaring state debt, which hit $27,729 per person in 2023-24. “Victoria is on a suicide mission to record borrowing, just as global interest rates are about to hit 5%”, Anthony warned. “Potholes can’t get filled, emergency

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