Geoff Russ from Canada’s National Post penned a cautionary tale on how out-of-control immigration has degraded Canada’s economy and living standards. The immigration influx, which drove a record 1.2 million increase in Canada’s population in 2023-04, “rocked Canada”, according to Russ: Immigration-driven demand for housing and services vastly outstripped the supply of both, resulting in
DXY is down. AUD too. Lead boots going nowhere. Gold appears to be the new everything safe haven. Be careful if stocks turn margin call. Copper is delusional. Other metals fading fast. Big miners down. EM ouch. Junk stressy not enough. Yields fell. Stocks monstered. The AUD short is protecting the downside as the Bessent
The Australian housing market is losing momentum following the stimulus bounce after the Reserve Bank of Australia’s (RBA) 0.25% interest rate cut in February. The weekend’s auction market recorded a preliminary clearance rate of 66.1%, which, according to CoreLogic, was the lowest outcome since the week prior to the rate cut (65.0% over the week
Peter Dutton’s call for East Coast Australia to start reserving gas has drawn the usual vested interest shrieking in your mainstream media. Most of it is utterly incoherent, and all of it creates a look suggesting that socially progressive media outlets love waking up with multinational capital and gas alongside them in the bed. Welcome
Merchant.adventurers.of.london · DeepTandMisterG MB Radio 28 March 2025 After the announcement Australia would be going to the polls on Friday 28 March 2025, Deep T spoke about Australia’s economic structure and economic backdrop to the 2025 Federal election. Looking closely at the the announcement of a gas reservation policy should the LNP gain power, and
The inaugural Opacity in Real Estate Ownership (OREO) Index, published this week by the Anti-Corruption Data Collective (ACDC) in partnership with Transparency International, has ranked Australia last in the world. The report, released on 26 March, ranks major developed nations on two key criteria: 1) scope and accessibility of real estate ownership data and 2) the
Last year, chief YIMBY Peter Tulip claimed that people wanting the government to run a lower (historical) immigration program to ease housing pressures are “misanthropes” that dislike migrants: Peter Tulip was interviewed on Joe Walker’s podcast, where he waxed lyrical on the need to relax planning restrictions and boost supply to solve the housing affordability
International Reading: Trump says US will ‘go as far as we have to’ to get control of Greenland – ABC It’s not just setting Teslas on fire. Now irate Americans are shoplifting from Whole Foods. – Business Insider Trump places 25% tariff on imported autos, expecting to raise $100 billion in tax revenues – AP
Asian stock markets are having a poor finish to the trading week with most markets down amid noise around more Trump tariff nonsense, while the latest Japanese inflation figures sent local stocks sharply lower. The USD is lifting slightly against the major currency pairs, particularly Euro while the Australian dollar was pushed back below the
Wednesday’s monthly inflation gauge from the Australian Bureau of Statistics (ABS) revealed that housing inflation is falling fast, helping to lower trimmed mean inflation. The annual CPI rental inflation rate declined to 5.5% in February 2025. This was down from the August 2023 peak of 7.8% and the lowest reading since March 2023: New dwelling