Australia’s universities must rank as the nation’s most poorly run organisations. The number of commencing full-fee-paying international students hit a record high of 215,000 in 2024, roughly triple the number recorded in 2005. The total number of international enrolments also hit a record high of 499,371 in 2024, nearly triple the 178.806 total enrolments recorded
I am of the school of thought that markets like to fill gaps. When large daily moves transpire, the market tends to reverse and then fill the large moves with smaller moves in the same direction. It is a little disconcerting when this happens, but the resumption of the trend fills the gaps with more
DXY is a falling comet aiming for an extinction-level event. But for what? Not AUD! Nor CNY. Gold is the forever currency now. Metals are confused by monetary versus fundamentals clash. Bg miners = big bear. EM yawn. Junk stress. Curve steepener going nuts as Treasury loses control of the long end. Stocks no likee.
Risk sentiment continued its decline over the Easter weekend with Wall Street snapping back nearly 3% lower overnight as it appears all the puffery around trade deals from the Trump regime is exactly that – hot air! Currency and bond markets are broadcasting fairly clearly now that the global trade and financial system is reeling
Australia’s property obsession is slowly strangling the nation’s economy. According to the Australian Bureau of Statistics (ABS), the total value of Australia’s housing stock reached a record high of $11,032.2 billion at the end of 2024, with the average home valued at $976,800. CoreLogic’s latest monthly chart pack valued Australia’s housing stock at $11.3 trillion as
The Reserve Bank of Australia (RBA) is famously bad at forecasting Australian wage growth. For the past 15 years, the RBA’s Statement of Monetary Policy (SoMP) has routinely forecast stronger wage growth than has occurred. The RBA continues to make the same mistakes, with Australian wage growth falling more than projected despite the nation’s low
What a difference an election makes! DXY is in free fall. EUR surging. AUD follows EUR and is threatening a 2025 breakout. Concrete boots are stable. Gold is in heaven. Nobody needs an oil rally. Metals ex-copper are signaling much weaker growth. Big miner’s big bear is intact. EM meh. Junk skunk. Yields have at
Weird things happen. At 2 o’clock in the morning on Easter Sunday a mate at the BBC beams me a question. “Haven’t your mates been saying this for years?’ seconds before another Youtube video link is fed through. This is it. Within minutes another close mate a long way up the
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The post Easter 2025 Chartfest: 19 April 2025 appeared first on MacroBusiness.
For years, Macro Business has sounded the alarm about Australia’s immigration-driven housing crisis. The data is indisputable. Australia’s rental affordability has plummeted to a record low, with households forced to devote a record portion of their income to rent a home. Rents have risen about 50% nationwide since the pandemic’s beginning, driving the rental affordability