A key reason for the decline in Australia’s productivity and living standards is that the country has grown rapidly through mass immigration. World Bank data presented below shows that Australia’s population increased by 45% (circa 8.5 million) in the first 25 years of this century, the strongest growth in the advanced world. However, Australia has
Everybody celebrate! Yahoo. Shanghai, the commercial and financial hub of mainland China, has further relaxed its home purchase policy, following Beijing’s lead to rejuvenate the nation’s sluggish property market. Local residents could now own an unlimited number of flats outside the city’s outer ring road, an area where two-thirds of Shanghai’s housing is located, municipality authorities said
Below is another brilliant guest post from MB reader Erin Rolandsen, CEO of Angelassist: It is rare, as a writer, that I ever venture beyond the comfortable veil of the third person. But the enthusiastic response to my recent article on Performative Democracy has compelled me to set aside convention. Many readers urged me to
Risk markets are having second thoughts about the dovish mood at the Federal Reserve with the USD taking back nearly half of its losses from Friday night, especially against Euro but this is being led mainly by French political problems. It was more hawkish comments from other Fed members that is seeing Yen, Pound Sterling
The Albanese government announced that it will bring forward its 5% home deposit scheme for first home buyers by three months. Under the scheme, the government will guarantee 15% of the purchase price so that applicants can avoid paying lenders’ mortgage insurance. Previous income limits on eligibility will be removed from October, whereas the scheme’s
Recently, the issue of how migration is measured has exploded into the headlines, with several media outlets and other organisations, including 2GB, the Daily Mail, the Institute of Public Affairs and Macrobusiness, receiving correspondence from the ABS on the issue. To quote from Leith’s article on this from last week: On Wednesday evening, I received
Asian share markets are trying hard to translate the Friday night gains on Wall Street due to the seemingly dovish pivot by the US Federal Reserve but not all risk markets are buying it with the USD clawing back some of its losses, particularly against Yen although the Australian dollar remains robust just under the
The Reserve Bank of New Zealand has cut the official cash rate (OCR) by 2.5%, with another 0.5% worth of rate cuts expected by the end of 2026. As shown below by Justin Fabo of Antipodean Macro, the fall in the OCR has reduced the cost of new mortgages, which should have increased housing demand
It is big. Very big. The Market Ear. But it can get bigger! Or not… A period of sorting and cleansing is underway For a time, the dominant narrative suggested that AGI was only two or three years away — that “magic AI” would emerge and rapidly take off into superintelligence. As discussed on the
Iron ore soared overnight thanks to Jay Powell. Unsustainable. Steel demand in China remains down year to date, but up for the week year on year. Steel production is far above last year. But this is misleading. My Steel is supposed to, but obviously doesn’t, cover EAF. Steel recycling has collapsed. In raw volume terms