ANU “demographer” Liz Allen is renowned for spreading propaganda in support of “Big Australia’ immigration. She is also renowned for complaining about poor housing affordability in Australia. On Sunday, Allen Tweeted “No, lowering immigration doesn’t make homes cheaper. COVID-19 border closures proved this”: Hilariously, Liz Allen’s claim is contradicted by the ANU’s Centre for Social
Westpac’s credit card tracker is firming a little. The Westpac Card Tracker Index* slipped back a little over the second half of August, declining 1pt to 136. Looking through the choppy path since the ‘Stage 3’ tax cuts came into effect at the start of July, card activity does look to have gained a little
The Greens have called for the creation of a National Renters Protection Authority, with the Greens likening the proposed body to the Australian Competition and Consumer Commission. Costed by the independent Parliamentary Budget Office at $200 million a year, the Authority would be given the power to run inspections and investigations of real estate companies
The wind blew and power was cheap for a day: Solar farm owners in south-eastern states are switching off their plants to protect their profits as extreme winds, abundant rooftop solar generation and low demand from customers enjoying the warm start to spring create an oversupply of power. However, tomorrow it will not blow and
The Albanese government wants to combat disinformation with a new reporting register. A page on the ALP’s website has appeared encouraging party members and supporters to “report disinformation” via an online form to “fight lies and fake news”: The form requires users to enter their name, email address, complaint information, and the media platform involved. There
The Market Ear with the latest equity internals. Setting it up for action September trading will be interesting. The last few days of tighter range will not last. Refinitiv $17bn of daily demand “The two key technicals in recent weeks have been corporate stock buybacks and systematic re-leveraging. Alongside this, US households remain on the
Former Labor federal MP Neil O’Keefe claims that Victoria cannot afford not to build the $200 billion Suburban Rail Loop (SRL), given the state’s population is projected to double: “The Suburban Rail Loop, though already ballooning in cost, speaks to the real issue our state is facing: if we are settled on the plan to
SHFE and SGX folded together yesterday: Mad Dalian buckled: Coking coal too: The China steel PMI is heading into heavy contraction: Gone is the public glare of bearish forecasts, replaced by thoughts of the permanently high plateau: BHP Group Ltd., one of the world’s biggest producers, estimates around 170 million tons of global output sits
Goldman on the Caixin PMI. China’s Caixin manufacturing PMI rose to 50.4 in August from 49.8 in July. Among major sub-indexes, the new order sub-index increased to 50.3 from 49.2 and the output sub-index rose to 50.7 from 50.2. The employment sub-index edged up to 50.0 from 49.9. The suppliers’ delivery times sub-index fell to
The trading week hasn’t yet got underway as US markets were closed for the long weekend holiday, with intrasession volatility across all the risk markets fairly flat as a result. European stocks lifted slightly, reflecting the modest moves here in Asia beforehand. Futures are looking optimistic however for a solid start when Wall Street reopens