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AI is a bogan

August 18, 2025 - 10:00 -- Admin

The AFR is in full panic mode about AI. AI stocks are lifting Wall Street to record highs on what feels like a daily basis, and former Google executive turned author and entrepreneur Mo Gawdat is predicting we are just two years away from a dystopian period that could last about 15 years during which

Macro Morning

August 18, 2025 - 09:00 -- Admin

Friday night saw the release of the latest US retail sales numbers with import prices spiking and consumer inflation expectations rising again, getting traders further worried on Wall Street. The USD was on the ropes against all the majors, with oil prices also pushed slightly lower after stalling all week while Treasuries where sold off

Australia’s $51 billion international student lie

August 18, 2025 - 08:00 -- Admin

The Australian Bureau of Statistics (ABS) claims that international education is Australia’s fourth largest export, earning the country $51 billion in 2023–24. The ABS calculates this fantastical education “export” figure by summing expenditure by student visa holders on tuition fees and goods and services. In 2024-25, the ABS estimated that $30.2 billion was spent by

Why Australia’s productivity growth won’t recover

August 18, 2025 - 00:05 -- Admin

A major reason for the decline in Australia’s productivity and living standards is that Australia has grown its population rapidly via mass immigration (i.e., 8.7 million population increase this century, the fastest in the advanced world) but has failed to provide the extra workers with extra tools, machinery, and technology; extra homes for the millions

The economic week ahead

August 17, 2025 - 16:58 -- Admin

By Lucinda Jerogin, Associate Economist at CBA The RBA cut the cash rate by 25bp to 3.60% in a unanimous decision and was widely expected. The Wage Price Index printed broadly in line with expectations, rising by 0.8%/qtr in Q2 25 to be 3.4% higher annually. The unemployment rate retreated to 4.2% in July. The

Buyers bull rush Aussie property

August 17, 2025 - 11:57 -- Admin

Last week, the Reserve Bank of Australia (RBA) cut the official cash rate by 0.25% to 3.60%, the third rate cut this year. Recent research from the Australian Financial Review showed that Australian home values typically rise by double-digit rates two years after the beginning of a rate-cutting cycle. This weekend’s preliminary auction results suggested

Macro Afternoon

August 15, 2025 - 16:00 -- Admin

Asian share markets were dominated by Chinese data today with weakness across their domestic economy while Japanese GDP data came in slightly better than expected. Most markets are up as a result as Chinese traders expect more stimulus while the BOJ seems to be faring okay with its inflationary targets not pulling back growth. The

New Zealand house prices plummet

August 15, 2025 - 14:00 -- Admin

The Reserve Bank of New Zealand has slashed the official cash rate (OCR) by 2.25%, with further rate cuts expected. As illustrated below by Justin Fabo from Antipodean Macro, the reduction in the OCR has driven down the cost of new mortgages, which should have lifted housing demand and stimulated home prices. However, home values

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