Melbourne’s population was about 3.5 million people at the turn of the century. It took 165 years for Melbourne to grow to this size in the year 2000. Fast forward to 2025, and Melbourne’s population is nearing 5.5 million. That’s almost a 2 million population increase in less than a quarter of a century. Liveability
Falling living standards is what he promised, and he’s not going to spend his political capital on anything else! AFR. Anthony Albanese is hosing down expectations his government is about to embark on a bold new agenda just because it has a commanding majority, saying it must first deliver on what it has already promised
Last week’s Q1 national accounts release from the Australian Bureau of Statistics (ABS) showed that real per capita GDP fell by 0.2%. This represented the ninth decline in per capita GDP in eleven quarters. The following chart plots the current decline in real per capita GDP against prior episodes dating back to the beginning of
DXY can’t get off its knees. It’s not an AUD rocket so much as a tractor slogging it uphill. The big short is excellent support. Lead boots OK too. Machines are into oil. Metals no bueno. Fugly miners. EM thinks it can. Junk funk. Yields sticky. Stocks only go up. Nothing much has changed. The
The first session following the release of the latest monthly US jobs print is usually benign and that’s what we had across most risk markets overnight as speculation about what the Federal Reserve will do until the next NFP print calmed down, sending the USD slightly lower against the majors. Uncertainty over trade deals kept
Gerard Minack destroys Australia’s sick economy. Australia remains stuck in a macro rut. Low investment and fast population growth prevent capital deepening and productivity growth. The result is stagnant real incomes and falling per capita GDP. This malaise is also reflected in anaemic corporate earnings, but not in the equity market’s premium valuation. The RBA
According to the OECD, Australia has the smallest manufacturing sector relative to its economy in the developed world. As a result, Australia is also the least self-sufficient economy in the developed world. The latest Harvard Atlas of Economic Complexity, which measures the diversity and knowledge intensity of a country’s export mix, ranked Australia 102nd out of
Asian share markets are having a buoyant session across the region on the back of the “just okay” US jobs report from Friday night and some further indication that the Federal Reserve is likely to keep easing while the ECB and BOE look set to finish or have already done so. This has also given
All one really needs to be seen to be smart is Australia’s is to be loudest. That is the repuation at RBA press conferences of Warren Hogan, bullhawk and bullhorn. He has been Australia’s loudest and most persistent bullhawk. Until now. …at the heart of our productivity problem is a collapse in the efficiency of
The waste of space formerly known as the media had a good laugh at your expense over the weekend, that you can still afford or want to pay $7 for a coffee. SMH. Coffee roasters and baristas are the unsung heroes of Sydney hospitality. It takes a special person – part scientist, part artist, and