The Department of Redundancy Department is Albo’s core portfolio. From The Australian. Business leaders will push for holistic tax reform, cuts to red tape and faster approvals for major projects as Anthony Albanese lays the groundwork for a second-term economic agenda by holding a productivity roundtable in Canberra months after his thumping election victory. With
While there’s a lot of similarities in how Australians vote between the House and the Senate, they’ve never voted exactly the same. For a start, there are more options on the Senate ballot paper than the House ballot paper. Small parties will not run in all House seats (sometimes they run in very few) and thus can only attract Senate votes in many seats. This means the bigger parties have traditionally done better in the House, where they have less competition.
I bought myself a new dictation rig, like actual physical hardware, this week. The Plaud Note Pin.
Another light news session overnight as speculation mounts of potential trade deals and tariff pullbacks with US-China talks progressing. Wall Street took any positive news as good news and was bid strongly while European shares pulled back on some not so good unemployment data and increased concerns over defence spending. Currency markets are in a
The post Macro Morning appeared first on MacroBusiness.
Last week’s Q1 national accounts release from the Australian Bureau of Statistics (ABS) showed that Australia’s economy remains on life support, driven by historically high population growth and public spending. Australia’s aggregate GDP grew by only 0.2% in Q1 2025, less than half the 0.45% growth tipped by the Reserve Bank of Australia (RBA) in
On Monday, I reported how the Q1 national accounts, released last week by the Australian Bureau of Statistics (ABS), showed that Australia’s manufacturing sector shrank to a record low 5.1% share of GDP: As you can see, Australia’s manufacturing sector has collapsed over the past 45 years, from around 14% of GDP in the mid-1970s.
We bought an electric car; not a swasticar, but a Hyundai Kona. We have had it for three months and up until today had only driven it about 1500 km. On Friday we drove to Sydney to see family, and never having driven more than about 20 km in one hit, a drive of some 350 kms was taken on with some nervousness. This was not due to what has been termed ‘range anxiety’ as we knew there were charging stations along the way, one group of which was at Pheasants Nest, where we used to stop for lunch and a coffee when travelling with the eleven-year-old Mazda we used to own.
Asian share markets are having a mixed session across the region given the poor lead from Wall Street overnight with no news about trade deals between the US and China (or Japan, or anywhere else – too much going on in LA? ) Currency markets are pushing back against recent USD strength as most undollars
The post Macro Afternoon appeared first on MacroBusiness.
