International Reads: Why Are So Many Americans Choosing to Not Have Children? – NY Times That $5 McDonald’s value deal might not be cheap enough – Business Insider Gen Z and millennial homeownership rate plummets to 4-year low – Fortune Why China Would Struggle to Invade Taiwan – CFR Mass Layoffs Follow $10 Billion in
A bath of blood on Asian share markets today as risk markets couldn’t absorb the various sources of volatility this week going into tonight’s US non-farm payroll print. The biggest moves have been in Japan with their equity markets off 5% almost immediately as the rate hike by the BOJ of the last 24 hours
The Reserve Bank of New Zealand has clearly erred in leaving the official cash rate at its highly restrictive level of 5.50%. New Zealand’s economy is mired in a deep per capita recession. Real per capita GDP has collapsed by 4.3% from the late 2022 peak, following six consecutive quarterly declines: The leading composite PMI
The 2023 Intergenerational Report (IGR) projects that Australia’s population will balloon by 13.5 million people over the next 39 years to 40.5 million: If this projection came to fruition, Australia would add the equivalent of another Sydney, Melbourne, and Brisbane worth of population in only 39 years. The IGR’s bullish population projection is based on
Last month, a study from the University of New South Wales (UNSW) and University of Technology Sydney (UTS) warned that housing affordability in Sydney has become dire. The study found that only apartments in specific suburbs of Western Sydney were affordable for someone with a median income, whereas detached houses were unaffordable throughout the city.
Albo’s lying is out of control. Yesterday, it was jobs. Today, it is energy. Getting more renewables up and running will bring power prices down. That’s just a fact. While we’re getting on with it, Peter Dutton wants Australians to pay the price for his expensive nuclear plan. pic.twitter.com/1f34mCbn9F — Anthony Albanese (@AlboMP) August 1,
Buried deep in The Australian today is Jenny George demanding gas reservation: The recent headline “Gas shortfall expected to hit east coast in 2027” sounded an ominous warning. The ACCC brought forward its prediction of gas shortfalls by a year and called for an “urgent” development of new sources of supply. Similar warnings have been
The headwinds facing Australian brick-and-mortar retailers continue to build. The latest insolvency data from the Australian Securities and Investments Commission (ASIC) shows that 768 retailers became insolvent in the 2023–24 financial year, up from 540 in 2022–23 and 319 in 2021–22. Consumer sentiment is firmly stuck at recessionary levels: Retail sales volumes have also fallen
Tuesday’s deplorable dwelling approvals figures were greeted with the usual response from the Housing Industry Association (HIA), which screamed: “All levers must be pulled to fast-track housing”: “There were just 163,320 building approvals for new housing in the 2023/24 financial year, the weakest financial year in over a decade”, bemoaned HIA Senior Economist Tom Devitt.
So says Max Chandler-Mather of the Fake Greens: In a letter to the incoming minister shared with this masthead, Chandler-Mather argued that O’Neil now oversaw one of the most expensive and overheated housing and rental markets in the world and that “all the Albanese Labor government has done is tinker around the edges”. True enough.