As noted many times, the US is doing a far better job of decarbonising its economy than Australia. In per capita terms, the US is far ahead: Worse, in absolute terms, US emissions are down 17.6% versus Australia’s pathetic 5.7%: Australia’s massive immigration program largely explains the difference between per capita and absolute emissions. The
Figures from the Australian Automobiles Association reveal that new car sales hit a new July record of 99,486. FCAI Chief Executive Tony Weber noted that the result would have exceeded 100,000 if Tesla and Polestar sales were included in the VFACTS numbers. Hybrid vehicles continue to grow in popularity. Sales of hybrid vehicles were up
FTAlphaville with an argument that applies even more to Australia. Gianluca Benigno is professor of economics at HEC Lausanne, and formerly head of international research at the NY Fed. The UK inflation rate hitting Bank of England’s 2 per cent target for two consecutive months has finally allowed the central bank to cut rates today,
In a new research paper from the Australian Population Research Institute (TAPRI), authors David McCloskey and Bob Birrell challenge the argument that increasing density will improve Australia’s housing affordability. They argue that measures to “densify” in Sydney and Melbourne have not worked, and home prices continue to escalate amid very high migrant intakes. “These densifying
As the RBA meets today, the bond market is moving well ahead of it. Aussie yields are in free fall with the belly of the curve, especially well-bid. Yield uptrends are breaking: Curves are still mixed. The 1-5 year is even more heavily inverted, which is a great predictor of ongoing per capita recession. The
While Straya celebrates a per capita medal tally so high that it disgraces the nation, the power it produces has taken gold for highest cost anywhere. The East Coast gas cartel is in full rape mode this morning, with gas prices well above Albo farcical $12Gj price cap: And, wait for it, electricity prices have
In March, Treasurer Jim Chalmers told the nation’s corporate leaders that Australia’s economy is “not productive enough, not competitive and not dynamic enough” and that this situation is “not acceptable to me or to the government that Anthony Albanese leads”. Chalmer’s hand wringing came amid Australia’s worst productivity slump in 60 years. The AFR’s John Kehoe
The Market Ear investigates. Are they immune? The big short that reversed into the big long. Almost hard to imagine non dealers are running these US futures longs… GS The tech long Not low…currently in the 96%tile. DB Systematics They have reduced the equity long, but zoom out and you realize they still have good
Continued carnage on overnight markets as US recession fears and other macro concerns combine into a big selloff that is turning into a possible correction. Bond markets are rallying hard after the weak US jobs report on Friday night while stocks continue to fall, although there were some signs of stability later in the session.
Some days, iron ore is a marvel. Because only one market matters to it—China – it can behave entirely contrary to everything else. Still, yesterday’s rally was one for the ages amid the global rout. Shanghai rebar futures took off and SGX followed, creating yawning jaws: Mad Dalian rallied 3% but flamed out overnight: The