SBS might as well be a taxpayer-funded lobbyist for Big Australia immigration given the propaganda that it continuously runs on the issue. A case in point is this article, in which SBS Punjabi sought the views of prominent immigration propagandist and managing director of the Australian Housing and Research Institute, Michael Fotheringham, to discredit the
The latest Statement of Monetary Policy (SoMP) from the Reserve Bank of Australia (RBA) forecast that Australia’s unemployment rate will peak at 4.3% early next year. The federal budget was more pessimistic, forecasting an unemployment rate of 4.5% by June 2025. The latest job ad data suggests that the RBA’s unemployment forecast is too optimistic. On
A dour session across Asian share markets despite the lifts on Wall Street overnight as confidence across the risk complex is waning as we head into the end of the month/quarter/year. The USD remains strong although Euro and Pound Sterling are trying to bounceback before the London session gets underway while Yen remains extremely weak.
The latest house price data for New Zealand shows that prices have started falling again after a brief rebound: According to the REINZ House Price Index, values were tracking 16.0% below their peak as of May 2024: The weakening in the data has prompted Westpac to downgrade its projections for New Zealand house price growth.
This morning, ABC Brisbane’s Cathie Schnitzerling interviewed me. I discussed the ABS’s May monthly CPI inflation numbers, which were stronger than expected. In the interview, I discussed some of the key inflation drivers and explained how the federal government’s energy policy failures are contributing to Australia’s ‘sticky’ inflation problem. I also explained how the RBA
The Economist most liveable cities index is balderdash: There is no way known that Hellbourne is more livable than other Australian cities. It is cold, angry, crime-ridden, getting poorer, has no economic potential, and is increasingly crush loaded in every dimension of life. With a trajectory aimed at 9m people within twenty-five years, it will
The Market Ear with the wrap. Will the AI trillions pay off…? Tech giants and beyond are set to spend over $1tn on AI capex in coming years, with so far little to show for it. So, will this large spend ever pay off? MIT’s Daron Acemoglu and GS’ Jim Covello are skeptical, with Acemoglu
The post AI bear case appeared first on MacroBusiness.
According to PropTrack, Perth dwelling values have soared by 64% since the beginning of the pandemic in March 2020. The latest price forecasts from Domain and NAB project that Perth will lead the nation’s price growth this year and next amid feverish demand. Perth’s house price boom is being driven by a combination of factors.
If only virtue signalling generated power. Australia would have the cheapest energy in the world. On the one hand, we have the fake left furiously signalling virtue via The Guardian’s nauseating Greg Jericho: But you might think we need more gas, because we are about to run out. Sorry, no. The reality that needs to be
Last month, Greens leader Andrew Bandt appeared on Sky News, where he reiterated the party’s call for rents to be frozen. Following that, a panelist asked Bandt about the rental crisis: “Do you welcome the promised drop in migration?” Do you think that will help?”. To which Adam Bandt bluntly responded: “Migrants aren’t the cause