Because, increasingly, you will have neither. Ahead of Prime Minister Anthony Albanese’s upcoming trip to China, Sussan Ley said Australia should be wary of the expansion of an existing free trade agreement to include artificial intelligence and the digital economy. In an opinion piece in the Financial Review, China’s ambassador to Australia, Xiao Qian, urged
Of all the narratives that exist within the realm of Australian housing and economics, one of the most hotly debated is “If housing is so expensive, how are people buying into the market?” Today, we’re going to take a data-driven deep dive into how Australians continue to enter the housing market for the first time.
It’s Groundhog Day for Aussie households. As I noted yesterday, the gas cartel shock of the 2022 Ukraine war profiteering is once again landing on households as state subsidies roll off. Further evidence has appeared in the credit card data. Westpac. Energy bill relief has been a key plank of the ‘cost of living’ support
It is amusing to watch some interest rate forecasters stick to tiny indicators. ANZ is one. After two consecutive months of decline, the ANZ-Indeed Australian Job Ads series has bounced back, from 114.8 in May to 116.9 in June. The unemployment rate and the hours-based underutilisation rate (a broader measure of spare capacity) have been
Overnight saw Wall Street react negatively to the Trump Tariff Tirade via letters to all the countries the regime has not yet done a trade deal (read: all but 3) with a surprisingly high number chosen for most and with threats of retaliation if any country decided to match or even attempt to put in
Its the Tariff Trading Week! You get a deal – you get a deal – we all get a deal! By deal, I mean a letter from the Bully-in-Chief stating what tariff you have to accept, since there’s been less than three US trade deals actually made in the last 90 days. Stock markets in
The post Macro Afternoon appeared first on MacroBusiness.
In the history of the U.S economy, every now and then there is a major shift in the balance of forces impacting the path of both growth and economic policy. While the coverage of this most recent shift has so far flown under the radar, it represents a major demographic alteration to the U.S. labour
As we know, Victoria disease is ripping through the Australian economy like COVID did before it. It is the plague of too many Labor governments importing too many people, creating a constantly rising demand for state-managed services, which do not have the revenue sources to pay for them. This is called horizontal fiscal mismatch. The
Morgan Stanley with the note. The uncertainty of application of tariffs is one reason we have continually called for patience to see the affect of tariffs in hard data. Our models predict that inflation will take approximately four months to see the full effects of tariffs and potentially even eight moths for growth to react
Just imagine. You are a younger Australian, perhaps nearing the end of secondary school or nearing the completion of your university degree. Perhaps you are beavering away as a young tradie, have a half-decent gig with a large retailer, or are considering joining the freelance circuit as an IT or healthcare specialist. Odds are, you