Australia’s annual R&D spending has also fallen to only 1.68% of GDP, well below the OECD average (3%) and the lowest among developed nations. As a result, the Albanese government has launched a review into Australia’s R&D, which is analysed below by independent commentator and MB Subscriber, Stephen Saunders. By Stephen Saunders Thus far, Australia’s
I’ve previously posted a number of times before about the dataset I have compiled of election results since 2004, adjusted for 2025 electoral boundaries.
Most recently, prior to the election, I specifically did a comparison of the 2007 and 2022 electoral map: two elections with similar two-party-preferred votes and a similar number of seats with a two-party-preferred majority for each major party.
Overnight saw the Federal Reserve hold fire in their latest FOMC meeting although the reasons were more domestic than foreign macro problems as the Trump regimes tariff tirades are really starting to slowdown the US economy. The potential entry of the US into the fraca in the Middle East gave risk markets further pause but
The post Macro Morning appeared first on MacroBusiness.
Pandering to the strategic goals of the United States, which puts a target on our nation’s forehead, our Government keeps lying to us. Michael Pascoe with some uncomfortable truths.
First, a little context, a little perspective, before getting to our government blatantly and consistently lying to us:
Master Builders Australia (MBA) has used a submission to the Productivity Commission to argue that the federal government should provide tax incentives to builders who meet industry standards. The MBA argues that this would help boost competition, investment, and productivity in the sector, while also reducing the cost of building new homes. MBA CEO Denita
On a threatening June evening, America’s army turned 250 and put on a show that revealed more than it intended.
Tanks and missile carriers rolled down Pennsylvania Avenue. Fighter jets flew over the Capitol dome. The President, visibly aged, saluted the display, a general on each side.
One underrated voice in President Trump’s ear has broken his silence on the ongoing Israel-Iran war with a lengthy and powerful statement this morning that contains significant historical context.
Australia’s unemployment rate is currently 4.1%, a historically low figure. The low unemployment rate has been driven by the boom in non-market (government-funded) roles, such as those related to the NDIS. The latest batch of data suggests that job growth has stalled, portending rising unemployment. As illustrated below by Justin Fabo from Antipodean Macro, last
The Israel-Iran war continues to dominate risk markets as the TACO-in-Chief threatens to join in with bunker busters and demands unconditional surrender. The dealmaker in action! The USD remains weak against almost all the undollars while domestic Japanese data is keeping Yen weak after the BOJ taper plan announcement. The Australian dollar is hovering around
The post Macro Afternoon appeared first on MacroBusiness.
I’ve seen the energy future and it’s in China, and Australia must ditch its distrust and collaborate
The Reserve Bank of New Zealand has slashed the official cash rate by 2.25%, which has lowered mortgage rates by around 2% over the past year. The sharp reduction in interest rates by the Reserve Bank is partly due to the heavy decline in New Zealand home prices. According to Justin Fabo from Antipodean Macro,
The post Housing crash forces Reserve Bank to cut rates appeared first on MacroBusiness.