Asian share markets are seeing mixed results at best as traders take a collective breath waiting for this week’s cavalcade of central bank meetings, starting with tomorrow’s effort from the BOJ. Tonight’s German inflation and GDP print could sway Euro which is fighting against further downside to the USD while the Australian dollar is waiting
The Australian’s Judith Sloan has neatly explained how the Australian Treasury is the puppet master behind the Big Australia mass immigration policy. The Treasury continues to play an ongoing spoiling game, talking up the economic benefits of large-scale immigration while essentially dismissing the costs. For several years, figures have been released that purport to show
As we know, The Guardian has a fatwa against the word “immigration”. It is to blame for nothing. Except this: International students who cannot speak “basic English” are walking away from Australian universities with prestigious degrees, academics say, a situation one described as “mind-blowing” . More than a dozen academics and students who spoke to
AMP deputy chief economist Diana Mousina has released a report examining Australia’s housing market. Mousina claims that “housing demand in Australia has been running above housing supply for the past two decades causing a dwelling shortage”. Housing demand is determined mostly by “population growth (mostly driven by net overseas migration)”, whereas “housing supply is determined
Nobody ever accused Chanticleer of being the sharpest tool in the shed. But there is a difference between dull and outright stupid: Money is pouring into China’s bond market, sending prices surging and yields falling (prices and yields move in opposite directions) as investors seek alternatives to the nation’s broken property market and volatile equity
Amazingly, Australia has discovered an even worse way to grow its economy than the immigration/housing ponzi economy. The National Disability Insurance Scheme (NDIS), a bottomless public spending pit, fuels the bedpan economy. The giant economic suckhole costs a literal mint: It has helped drive public-funded jobs towards one-third of employment: Systematically devouring productivity: As the
No modern economy can survive without affordable energy. Australia’s east coast has none as the gas cartel party rolls on well above Albo’s $12Gj price floor joke: Triggering a new round of power price shock: ANZ has a take on the direct consequences of the cartel: RBA Deputy Governor Hauser recently asked do you strip
The statutory authority model, employed at the state level for power, water, housing, and various infrastructure services, was extremely effective over most of the twentieth century. Statutory authorities used boards that were independent of direct governmental control and chosen to represent a diverse range of community interests, including employees and customers. These authorities were generally
Data from the Australian Securities and Investments Commission (ASIC), reported in The Australian, shows that hospitality businesses collapsed at the fastest rate on record in the 2023-24 financial year, as rising food and energy costs and a sharp drop in consumer spending drove cafés and restaurants out of business. Insolvency appointments in the accommodation and
The latest GDP nowcast from the Melbourne Institute, plotted below by Justin Fabo at Antipodean Macro, suggests that Australia’s GDP growth remained at just 0.2% in June quarter: Given population growth of around 0.5%, this suggests that Australia will record its sixth consecutive decline in per capita GDP when the Q2 national accounts are released