Oz Blog News Commentary

Articles from MacroBusiness

Wages begin to soften

November 27, 2023 - 11:20 -- Admin

The SEEK monthly wage growth indicator. NATIONAL ADVERTISED SALARY TRENDS Advertised salaries rose by 0.3% in October, a slowdown from the previous three months. Year-on-year (y/y) advertised salary growth remains strong at 4.6%, but has slowed from the 4.8% recorded in both September and August. STATE ADVERTISED SALARY TRENDS The smaller states led the nation in advertised salary growth, with South

Labor’s housing target already ‘dead on arrival’

November 27, 2023 - 10:40 -- Admin

New forecasts from the Housing Industry Association (HIA) have rubbished the Albanese government’s target to build 1.2 million homes over five years. The HIA forecast that 995,500 new dwellings would commence construction between now and 2029, which is more than 200,000 less than the federal government’s target. “All signs are we are falling short –

Dingo Bowen chews through energy Gordian Knot

November 27, 2023 - 10:20 -- Admin

Have Albo’s cowards finally done something about energy? The Albanese government will supercharge its struggling 82 per cent clean energy goal by dramatically expanding its underwriting of green generation and storage, effectively replacing the Renewable Energy Target favoured by some wind and solar proponents. In a major overhaul triggered by growing fears of grid instability

Chinese growth is finished

November 27, 2023 - 09:40 -- Admin

Honestly, Bloomberg is useless on this. China is ramping up pressure on banks to support struggling real estate developers, signaling President Xi Jinping’s tolerance for property sector pain is nearing its limit. Developer stocks and bonds rallied in China this week on bets that authorities may introduce some of the most sweeping measures yet, creating

Macro Morning

November 27, 2023 - 09:00 -- Admin

A shortened session on Wall Street on Friday night saw risk markets remain somewhat muted without much direction although USD moved broadly lower in currency land. The Australian dollar was pushed up to a new three month high well above the 65 cent level while Euro managed to return above the 1.09 handle. US bond

Albo delivers 18 months of hell for Australian households

November 27, 2023 - 00:05 -- Admin

The past 18 months under the Albanese government have been a financial nightmare for Australian households, which culminated in Australia breaking three global records for declining living standards. The first of these records pertains to the disposable income of Australian households, a concept that is arguably the most accurate indicator of material living standards. According

Watercooler reads and videos: 27 November to 1 December

November 26, 2023 - 23:00 -- Admin

International Reads: Why America Abandoned the Greatest Economy in History – The Atlantic Argentina’s firebrand new president-elect is pushing a disastrous old economic agenda – Washington Post ‘A lot quieter’ Black Friday brings out discount hunters – Reuters The viral $16 McDonald’s meal that may explain voter anger at Biden – Wapo Colombia Announces Plans