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Some free advice for Xi Jinping

November 14, 2024 - 13:30 -- Admin

Xi Jinping is lost. China wants to know how it can better sell its stimulus policies to foreign investors. The securities regulator is said to have stepped up meetings with global banks to get their view on the country’s efforts to shore up growth.  In one such discussion, the regulator sought advice on what it needs to

Gold smashed

November 14, 2024 - 13:28 -- Admin

The analogue crypto puke is on. Plenty more where that came from as it takes out support levels. There is nothing unruly here yet. If we are going to match fundamentals, then a big flush is in the offing. Don’t be fooled. For a safe haven, gold can be very volatile when it turns.

The post Gold smashed appeared first on MacroBusiness.

Australian universities sell junk degrees to the world

November 14, 2024 - 13:00 -- Admin

One of the nation’s least-kept secrets is that most international students come to Australia to “study” because of our generous work rights and opportunities for permanent residency. Most international students are more interested in working and living in Australia than in learning. And paying course fees is merely the ‘price of admission’. The student-migration pathway

Jobless rate stable

November 14, 2024 - 12:52 -- Admin

From the ABS. In trend terms, in October 2024: unemployment rate remained at 4.1%.  participation rate increased to 67.2%. employment increased to 14,541,200.  employment to population ratio remained at 64.4%. underemployment rate remained at 6.3%. monthly hours worked increased to 1,971 million. In seasonally adjusted terms, in October 2024: unemployment rate remained at 4.1%. participation rate decreased to 67.1%. employment

Sack Michele Bullhawk

November 14, 2024 - 12:00 -- Admin

3.2% is the six-month annualised wage growth rate. The way markets and the press have responded to this, it might as well be 32%. But 3.2% is low, not high. It is plenty low enough to keep deflating service inflation, even without productivity gains. The secret to this was discovered in the last business cycle

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