My god, how much harm can one industry-captured think tank do? The east coast is locked in a perpetual energy crisis in part because the gas cartel-sponsored Grattan Institute recommended no domestic reservation when LNG export terminals opened. Rather than address the crisis, the VIC government has undertaken the pointless and expensive distraction of forcing
Last month, the Australian Energy Market Operator (AEMO) released updated energy supply and demand predictions for the next decade. According to AEMO, a delayed adoption of battery-electric cars (EVs) will reduce demand on the electric grid. In December, AEMO anticipated that seven million electric vehicles would be sold over the next 10 years. But that
Victoria has recorded a sharp increase in applications for social housing. In the three months to June 2024, 51,602 applications for social housing were received, up from 48,620 in the March quarter. The jump in social housing applications comes amid new Australian Institute of Health and Welfare (AIHW) data showing that Victoria has the lowest share
This week, the Australian Bureau of Statistics released monthly net permanent and long-term arrivals data, which revealed that immigration into Australia remains turbo-charged: The opposite is playing out across the pond in New Zealand, where immigration is easing rapidly amid a significant outflow of New Zealand residents to other nations, most notably Australia. As illustrated
The Market Ear with more on my great bubble hope. Blowing bubbles This is nothing compared to the late 90s. BofA writes: “The tech bubble lasted 5 years and withstood 2 major shocks (in 1997 & 1998), 100bps of rate hikes and a bear market while still delivering over 80% returns in the final 2
SHFE and SGX bounced yesterday: Mad Dalian went further: Has anything changed to make $90+ iron ore viable? Yeh, it’s gotten worse. Westpac: We suspected that the recent bounce in iron ore prices back into the low $100s would be temporary before prices moved back down to $90 and then into the mid- $80s. Through
The USD fell out of bed as the ECB cut rates as stock markets were green all across the board in response. The US PPI came in a bit softer than expected which added to the speculation of a broader cut by the Fed. Wall Street continued with its rebound, again led strongly by tech
Treasurer Jim “chicken” Chalmers needs a pat on the back. He’s finally delivered interest rate relief. The problem is it is in Europe, not Australia. The reason? Treasurer Jim “chicken” Chalmers’s energy cowardice. Back in 2022, when first elected, the new Labor government sat on its hands as the Ukraine War began and the global
India is now Australia’s second largest international student source after experiencing explosive growth in recent years. Various migration pacts signed between Australia and India have facilitated the growth of Indian students, offering greater opportunities to study, work, and live in Australia. These include: The Australia-India Economic Cooperation and Trade Agreement (ECTA), signed by the former Coalition
Last decade saw an unprecedented number of high-rise apartment complexes constructed across Australia. A litany of structural defects uncovered in a 2019 Four Corners investigation entitled “Cracking Up” and elsewhere accompanied the high volume of apartments. “We’ve got a real problem here. It’s systemic and it’s infecting lots of buildings across the landscape, in all