Prime Minister Anthony Albanese’ $23 billion Future Made in Australia (FMIA) subsidies for lower-emission manufacturing appear to have found an ally in Professor Roy Green from the University of Technology of Sydney. Professor Green claims that FMIA is a way to inject more complexity and resilience into the Australian economy: Professor Green said the main
CoreLogic’s daily dwelling values index shows that Melbourne and Sydney home values continue to slow, with Melbourne declining by 0.4% over the past 28 days and Sydney rising by a relatively sedate 0.2%: The decline in dwelling value growth has been mirrored by the auction market, which has seen clearance rates for Melbourne and Sydney
These are dark times for Australian retail. Retail sales volumes have plunged amid rising mortgage rates and cost-of-living concerns, with discretionary retailers impacted especially hard. The annual change in retail sales has been negative for five straight quarters. Aside from the pandemic, only four other quarters have experienced negative annual growth since the 1980s. Retail
He’s grown it long and slicked it back in homage to Wall Street and now Andrew Hauser is bringing the pain: Commentators telling the Reserve Bank of Australia to cut or raise interest rates are overconfident “false prophets” who could damage the economy with their poor predictions, deputy governor Andrew Hauser warns. The unusually blunt
Asian share markets are having some mildly positive sessions to start a new hopefully quieter trading week as other risk markets also reduced in volatility across the complex due to an absence of economic releases and macro events. Yen is steady due to a market holiday while the Australian dollar is steady but remains unable
On Wednesday, the Reserve Bank of New Zealand will hold its next monetary policy meeting, where it will decide whether to change the official cash rate, which is currently sitting at a highly restrictive 5.50%. New Zealand’s monetary settings are among the tightest in the world, as illustrated in the next chart of average mortgage
How the world turns: Versus: Shout out to all the worst people on this website and all the journos who used a woman to further their transphobic agenda. Your day will be as ever filled with hate. The rest of us will have a joyful Saturday. https://t.co/9Zx1NNWCw2 — Greg Jericho (@GrogsGamut) August 9, 2024 How
Democrats now have a handy lead in White House polling. the following charts are all poll aggregates: Even with added loons: Dems are now favourite to win: As swing state polling tilts to Harris as well: At this stage, it is too early to see through the honeymoon effect. However, there are good reasons to
Owen Wilson, chief executive of the $27 billion ASX property classified giant REA Group, admitted that the ‘Big Australia’ mass immigration policy has created ‘goldilocks’ conditions for the industry. “Demand remains strong, thanks to solid population growth that’s been powered by immigration, and perpetually pent-up demand”, writes The AFR’s Chanticleer. “Wilson sees little reason for
The BCOM index recently broke support and would look much worse if it contained iron ore and coal. Now BCA has downgraded commodities: According to BCA Research’s Global Investment Strategy service, the next US recession will not be particularly deep. However, our colleagues do not buy that structural imbalances are so slight that the US economy