RBA cash rate futures are slowly but surely getting the message that the Australian outlook for inflation is not so different to other developed markets. This week futures added a fifth rate cut before the end of 2025: While still a more shallow cycle than comparable economies, the process of deepening cuts will likely continue.
Reports that the Albanese government is considering modest changes to negative gearing have resulted in the usual scaremongering from property interests. The most extreme example came from the below great Australian, Bharat Patel, who has amassed a portfolio of 32 homes and claims that changes to negative gearing would devastate the nation: “You rely on
DXY is hanging on, just: AUD boom, baby, boom: How long does CNY rise into “forceful” monetary easing? Never bet on Libyan politics when it comes to oil: Hilarity ensues for the new metals boom: The miner gapping is something to behold. Nothing has changed for iron ore: EM too: Junk is all bull: Yields
We know that Australia’s economy is being increasingly driven by government spending. Public demand as a share of GDP hit a record high 27.3% in the June quarter of 2024, and Westpac forecasts that its share of the economy will continue to grow: Much of this spending relates to the NDIS, which is growing in
Australians are already enduring the longest per capita recession on record following six consecutive quarterly declines and seven declines over the past eight quarters: The OECD’s latest economic outlook report has downgraded Australia’s GDP growth forecast for 2024 to 1.1%, compared with 1.5% in its previous report in May. The OECD also forecasts that Australia
It’s green across the board as Asian share markets ignore the mixed sessions overnight with Chinese stimulus helping lift all boats. Australian shares have finally moved higher after being in doubt following the RBA’s inaction with the higher USD also helping. Euro is struggling to make headway while the Australian dollar has rebounded slightly to
Another Matt Barrie masterclass chock full of MB: An outright disaster.
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Back in May, Laura Tingle ruthlessly attacked Opposition Leader Peter Dutton’s announcement that a future Coalition government would modestly cut immigration. Tingle immediately played the racism card in an article claiming that “the opposition leader has opened the doors to migrants being blamed not just for housing shortages but for all these other problems, too”.
The Victorian government has repeatedly demonstrated that it cannot control the costs of its “Big Build” infrastructure projects. Consider the following projects whose costs have skyrocketed, adding to the state’s massive debt pile: The West Gate Tunnel project’s cost is expected to double from its initial $5 billion estimate. The $11 billion Metro Rail tunnel
Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer Damien Klassen dives into SMSF investing and looks at the most common mistakes that investors make. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund, which is powered