Luke Yeaman, Chief Economist at CBA, penned a report on the Australian federal budget, which “is projected to return to deficit over the next decade”. While “tax receipts are strong”, Yeaman notes that “structural spending has lifted to levels rarely seen in Australia outside of major economic shocks”. While spending pressures are evident across most
The climate change pantomime has taken an interesting new twist, with low-lying Pacific Nations lambasting Australia over its approval of Woodside’s North West Shelf gas project extension. Anote Tong, who led the small Pacific nation of Kiribati between 2003 and 2016 accused Labor of putting economic interest before the security of important allies in the
Teal independents continue to run interference for Big Australia mass immigration. In 2022, Zali Steggal, a Teal member from Warringah (which includes Sydney’s rich northern beaches), supported a large increase in immigration to combat labour shortages. In 2024, Steggal called for a 75% 2030 emissions reduction target for Australia, ignoring the fact that aggressively growing
Bloomberg loves a party line. Australian unemployment held steady last month even as the economy shed jobs with fewer people looking for work, signaling the labor market remains tight and reinforcing the Reserve Bank’s cautious approach to policy easing. There is nothing tight about the Aussie labour market. Frankly, at 4.2% unemployment, it is intrinsically
Let’s make a story where there isn’t one. The stunning collapse of the $30bn Santos takeover after six months of exhaustive talks and diligence will have investors rightly asking what else is lurking inside the gas play, and why are they still in the dark? On Wednesday night, Abu Dhabi’s XRG consortium, led by the Abu Dhabi
For a long time, Middle America has found itself struggling at an aggregate level. While there have been some on-paper standouts when breaking down household outcome growth by geographical location, that has been balanced out by other locales seeing significantly weaker growth than the average. Today, the median American full-time male worker earns as much
On Thursday, Prime Minister Anthony Albanese unveiled Labor’s long-awaited 2035 climate targets, which promise to reduce emissions by more than 62% and up to 70%. The promise expands on Australia’s existing 2030 target to reduce emissions by 43% from 2005 levels. The Paris Agreement, reached a decade ago, requires nations to lift their carbon reduction
From the Market Ear: Here we go Russell takes out massive resistance area. As we have been outlining over the past weeks, play possible upside break outs via cheap options plays. Relative king IWM/SPY ratio printing new recent highs… Upside panic Most shorted extending the break out move. This space is up some 12% since
Below is another excellent guest post from MB reader Erin Rolandsen, CEO of Angelassist: Cybernetics pioneer Stafford Beer once said: “The purpose of a system is what it does.” If that is true, what, then, do we make of Australia’s systems? Everywhere we look, the systems designed to solve problems instead perpetuate them. We have
The Australian Bureau of Statistics (ABS) released the official population and immigration data for the March quarter of 2025. The ABS showed that Australia’s population grew by 144,300 in Q1 2025, which was down from 156,800 in Q1 2024. However, the Q1 2025 increase was still stronger than any quarter of population increase in Australia’s