There are days when an investors’ patience is tested. Yesterday was one for iron ore. Chinese data was bad. Not so bad as to expect imminent super stimmies but bad enough that commodity prices should have taken a hit given the weakness was most notable in commodity-intensive sectors. Goldman gives us a brief wrap Bottom
With the release of the latest national accounts earlier this month, it was revealed that household consumption spending had picked up in the June quarter, rising by 0.9% in real terms. While 0.4 percentage points worth of that rise was driven by the growth in the working-age population, in overall terms it marked the equal
From the Market Ear: Room to run SPX continues to trade inside the short-term trend channel that has been in place since late May. RSI is getting rather overbought, but overbought levels tend to stay overbought for longer than most think possible. Note the upper part of the channel is still higher. The chase is
On Thursday, the Australian Bureau of Statistics (ABS) will release the official labour force release for August. Ahead of that release, Roy Morgan released its shadow labour force survey for August, which recorded a sharp 0.8% increase in unemployment to 11.1%, up 2.0% year-on-year: Roy Morgan effectively counts someone as unemployed if they want a
In the world of Australian Treasurer Jim Chalmers, Australia’s economy is strong, wages are booming, and living standards are rebounding fast: “The Coalition’s deliberate policy of wage suppression saw wages stagnate for the best part of a decade and living standards fall sharply, but we’re turning that around”. “We’ve managed to get inflation down and
Below is another excellent guest post from MB reader Erin Rolandsen, CEO of Angelassist: The Guardian ran yet another piece of propaganda pleading for Big Australia, this time leaning on KPMG modelling to claim that cutting migration would actually lift house prices: “Slashing migration would actually lead to higher house prices in Australia – here’s
Tonight I will be appearing on DFA Live with Martin North from 8.00pm AEST, where we will discuss everything to do with the housing market and economy. The YouTube feed is below. I hope to see you there.
The post Join me tonight on DFA Live with Martin North appeared first on MacroBusiness.
Retirement Essentials has released a report, produced on behalf of industry super fund HESTA, showing that Australians who receive the age pension but continue to work can incur effective marginal tax rates of between 60% and 80%. Retirement Essentials found, among other things, that the effective marginal tax rate for a single pensioner will be
Australia’s universities are among the nation’s most poorly run organisations. The number of international enrolments hit a record high of 839,200 in the year to June 2025. This was up around 13,400 (1.6%) from the 825,800 enrolments in 2024, around 130,440 (18%) higher than the same time in 2019 before the pandemic, and more than
The Australian’s Judith Sloan last week attacked the “shoddy” economic arguments used by those who favour large immigration numbers and open-border policies. The canards identified by Sloan include the following: Recent high figures of net overseas migration (long-term arrivals minus long-term departures) are merely a catchup from the pause caused by Covid. The overall trend