Dear President Trump, On behalf of the Australian people, I would like to apologise for the presence of Kevin Rudd in Washington. In recent polling, the Australian people recognise that Dr Rudd’s political party is unlikely to engage you well. Moreover, there is very strong support for the US alliance among Australians, especially versus alternative
Portsea Beach inside Port Phillip AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
The post Macro Afternoon: 18 November 2024 appeared first on MacroBusiness.
The East Coast gas cartel is busy unleashing a new price shock as nobody watches. We are in off-peak season and these prices are far above where they should be, let alone rising instead of falling. As a result, NEM prices are 10% above last year and the price falls have called out on spot
English Australia CEO Ian Aird claims that the federal government’s proposal to cap international student numbers will have an economic impact on more than just the education sector. Aird warns that it will also hit the small and medium-sized businesses that international students shop at daily. Analysis by The Demographer’s Workshop suggests that international students
Goldman with the bad news. Goldman now sees gross domestic product rising 1.8% next year, compared with 2% seen previously, reflecting the anticipated impact on exports from Australia’s biggest trading partner, according to its Australia and New Zealand 2025 Outlook, released Monday. President-elect Donald Trump has threatened to implement 60% tariffs on exports from China as he
The Market Ear wraps the Trump trade. SPX technicals SPX has so far reversed perfectly on that upper trend line. We are hitting the first supports as of writing, the 5900 area, give or take. This is where the 21 day comes in as well as being half the big post Trump candle. 50 day
Last month, the Australian published the following chart showing that Victoria’s per capita gross and net debt were the highest in the nation. On Friday, the state government released its quarterly financial report for the three months ending 30 September, revealing that net debt had risen to $140.6 billion. This compares to the $133.2 billion
Liberal Opposition leader Peter Dutton needs to re-read the Liberal Party’s “Our Beliefs” manifesto, which explicitly states the following about personal freedoms: “We Believe: In the inalienable rights and freedoms of all peoples; and we work towards a lean government that minimises interference in our daily lives”… “In short, we simply believe in individual freedom
Chanticleer’s advice is a great contrarian port of call. Economist calls for the Reserve Bank of Australia to cut the cash rate early next year are dropping like flies. Even the ones left in the February 2025 camp are warning their calls may be too early (again). RBC Capital Markets’ Su-Lin Ong pushed her rate
The latest temporary visa statistics from the Department of Home Affairs revealed 2,463,600 temporary visa holders in Australia, excluding visitors, as of 30 September 2024. This was a record for the September quarter, representing a 163,600 increase over the same period in 2023. There were also roughly 500,000 more temporary visas on issue in Australia