On Saturday morning’s interview with Luke Grant on Radio 2GB, I took the government to task over the two biggest policy failures crippling the nation: energy and immigration. Below is an edited extract of the gas discussion. Australia is like the Saudi Arabia of gas. We are swimming in the stuff. We have oodles of
So says Michael Hartnett at BofA. Zeitgeist: “It would be so on brand in this era of pain trades for Chinese stocks to massively outperform in run-up to US election.” Tale of the Tape: Chinese stocks hit 50-year lows vs US stocks Jan 22nd (Chart 3), Chinese bonds hit all-time highs vs US Treasuries Apr
Chinese deflation is forever now. From the NBS comes CPI. In April 2024 , the national consumer price increased by 0.3% year- on -year . Among them, urban prices increased by 0.3% and rural prices increased by 0.4% ; food prices fell by 2.7% and non-food prices increased by 0.9% ; consumer goods prices remained
While the headline Dow Jones is up for the 8th session in a row, more broadly Wall Street didn’t like the slump in consumer sentiment and further inflation fears despite some solid earnings. The USD ended the week slightly lower but Euro and Pound Sterling didn’t make large gains on Friday night, with the Australian
The NSW Productivity Commission reported in February that high housing costs are driving young families out of Sydney, causing a “brain drain” among 30-40 year olds: The NSW Productivity Commission found that Sydney lost around 35,000 residents aged 30 to 40 between 2016 and 2021. The NSW Productivity Commission blamed a “lack of supply” and
Last year, the Albanese government signed two migration deals with India aimed at making it easier for Indians to study, work, and live in Australia. Among other things, these agreements will provide: Five-year student visas for Indians. Indian graduates of Australian tertiary institutions on a student visa can apply to work without visa sponsorship for
Bloomie with the sour note: …at a major industry gathering in the iron-ore trading hub of Singapore this week, the murky prospects for Chinese real estate were still a major worry for market participants. “There’s no real sign that things are turning around on construction,” said Atilla Widnell, managing director at Navigate Commodities Pte., who was
So says Goldman. USD: Divergence ready to go if only the data would say so. In a relatively quiet week for the US, foreign central banks, especially in the G10, played their part and demonstrated a willingness to diverge from the Fed. The Riksbank cut rates and declared succinctly that “when inflation approaches the target
The second of a series of podcast discussions with Deep T covering a range of aspects about the Australian Economy and the current economic pathway Australia is on. This is a 45 Minute discussion with Deep T about the role of Immigration, Money Supply, and Housing in relation to the Australian economy. The discussion looks
CoreLogic’s daily dwelling index shows that Melbourne home values are lagging the nation, rising only 0.1% over the past 28-days, versus 0.7% growth at the 5-city aggregate level: Since the beginning of the year, Melbourne home values have fallen by 0.2%, versus 2.5% growth at the 5-city aggregate level: CoreLogic’s monthly chart pack has been