Last night saw the release of the latest US ISM services and private jobs data reports and both slumped below market expectations, halting the mini rally on Wall Street and tanking the USD once again. More talk but no resulting trade deals couldn’t lift King Dollar as the Trump regime patiently waits for the, let
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I found myself home alone last night, and with my new Neff oven finally installed, I figured it was time to check out some features.
Earlier in the day, I’d picked up a small rolled pork loin, and I spent some time reading about the oven’s built-in meat thermometer and steamer function. I couldn’t quite figure out how to use the steamer and still crisp the pork crackling at the same time, so I put that aside for a future cook.
The Australian Bureau of Statistics (ABS) valued education exports at $51 billion in 2023-24, suggesting a massive benefit to the Australian economy. The ABS estimates this astonishing export figure using “an average spend estimate from Tourism Research Australia … supplemented by the addition of total expenditure on course fees”. The ABS incorrectly classifies all international
The Q1 national accounts from the Australian Bureau of Statistics (ABS) were released on Wednesday, which revealed that per capita GDP fell back into negative territory following a brief respite in Q4 2024. Real per capita GDP declined by 0.2% in Q1. This represented the ninth quarterly decline in the past 11 quarters, with per
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Its still all about the art of the deal as the Trump regime struggles to find anyone wanting to come to the table with more tit for tat accusations between China still not yet upsetting risk markets. Currencies are in a holding pattern, digesting a lot of macro events and geopolitics with tonight’s Canadian central
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By Cameron Murray and Tim Helm This article was originally published on Fresh Economic Thinking. Posted here with permission. A recent working paper by Schuyler Louie, John A. Mondragon, and Johannes Wieland has been making waves in urban economics circles. The paper title might provide a clue as to why— “Supply Constraints do not Explain House Price […]
There goes the hope for curing all of the East Coast’s energy problems. Prime Minister Anthony Albanese has praised Western Australia’s domestic gas reservation scheme and says his government already has the power to force producers to sell to the local market on the east coast. …Albanese on Tuesday sought to distance any arrangement Labor
On Tuesday, the Fair Work Commission (FWC) decided to lift the national minimum wage and award wages by 3.5% from 1 July this year. The key justification given for the decision was to provide some real wage catch-up. Business groups met the decision with their usual backlash, claiming that higher minimum and award wages would