Aussie interests are cock-a-whoop: Prime Minister Anthony Albanese says Chinese Premier Li Qiang has confirmed Beijing will restart imports of Australia’s live rock lobster trade by the end of this year. Aussie lobsters were our last bastion of defense against China. Claws raised! No longer. Albo has fully capitulated to the Chinese charm offensive following
The AFR this week reported that the number of temporary migrants in Australia spiked by around 100,000 in the past year, with the volume of student visas surging to an all-time high 679,293 at the end of August. The number of temporary graduate visa holders has also jumped from 193,277 a year ago to 223,960.
An academic from the Queensland University of Technology have come up with a brainiac solution to Australia’s housing crisis: have older Australians rent out their spare bedrooms. “Strong demand in the rental sector is being fuelled by post-COVID population growth of 651,000 persons in 2023, combined with shrinking capacity in housing supply evidenced by falling
The Reserve Bank of Australia (RBA) has released a review of its $188 billion Term Funding Facility (TFF), which revealed that the stimulus program did little to boost small business lending but was successful in pumping mortgage credit and house prices. The RBA found that “the lower funding costs were passed through to rates on
Arguably, if this is true, The Greens are even worse given their high moral attitude: Bandt has ducked questions, including cutting short a press conference, over complaints about Senator Dorinda Cox’s behaviour and 20 staff quitting her office and several making complaints, underlining the sensitivity for a party that has led the charge calling for an MP behaviour watchdog.
While Beijing is busy talking up stimulus and growth to global markets, locally it is busy sending an altogether different signal: Chinese President Xi Jinping’s sweeping anti-corruption campaign has implicated a record number of senior officials for two straight years, highlighting the risks for bureaucrats and threatening to unsettle investors already anxious about the economy.
I have been on board with the gold rally given Fed rate cuts and geopolitical tensions but it’s gotten well overheated. Now, macro factors are swinging against it as well. BCA with more: On the face of it, a Fed that is behind the curve to stabilise prices should be good for the inflation hedge,
The latest US CPI print overnight gave risk markets pause as it came in slightly higher than expected, causing Wall Street to take a stepback from making new record highs. The USD initially firmed against the majors but is seeing some pushback later in the session while the Australian dollar was able to just hold
The DXY rally paused: Freeing AUD to bounce: North Asia too: Plus commods: And miners: EM yawn: Junk if still OK: Despite rising yields: Stocks eased: The US inflation report was above expectations but not worrying. Core CPI was 0.3% versus 0.2% expected, largely on a pop in food inflation. However, the OER disinflation continues
Deutsche Bank chief economist Phil Odonoghoe warned in September that Australia’s unemployment rate would be much higher if employers were not hoarding labour. “Australia’s unemployment rate is lower than it should be because most of the adjustment to lower labour demand has occurred through hours worked, rather than through employment”, he said. “We estimate that