The sad vestige of globalism marching across the Harbour Bridge this weekend has met its maker already. Prime Minister Benjamin Netanyahu has reached a decision for the full occupation of the Gaza Strip, including operations in areas where hostages are held, a source in the Prime Minister’s Office told The Jerusalem Post on Monday. Meanwhile, the sad
The Trump administration announced on Friday, Australian time, that Australia would be subject to the baseline 10% tariff. The result was positive news, reflecting that Australia is one of the few countries with a large deficit to the USA, importing more than double the goods and services we export to the US. Australia also has
Victoria disease is metastasising: The economies of Victoria’s neighbouring states may be the real winners of Premier Jacinta Allan’s plan to enshrine in law the right to work from home, as businesses eye a possible move across the border, the peak business bodies in Labor-led NSW and South Australia say. Ms Allan announced on Saturday
Higher-priced properties are typically the most volatile and sensitive to changes in interest rates. This volatility is illustrated by CBA below, which plots quarterly dwelling value growth for the most expensive homes against the least expensive homes. This greater volatility reflects the fact that the market for the most expensive homes is thinner and when
Ferrous pulling a Costanza in the last few days. Goldman remains bearish. While fundamentals are likely to remain supportive (specifically, consumption), providing a floor at $95/t, we expect stimulus headlines and anti-innovation policy- which drove the July short-covering rally – to disappoint. The readout from the July Politburo meeting was broadly in line with our
Last month the ABS announced that it would not be releasing the 2023-24 Survey of Income and Housing due to data collection issues. In the ABS’ own words: “Despite work to address these issues, the data did not meet the ABS’ high standards for official statistics and will not be released. This decision means that
Perhaps the most enduring mystery dogging the Albanese government is why it has taken no action to reduce gas prices. This one reform is such low-hanging fruit, so easy to do, with such immense economic upside, that the failure to act upon it is the single most toxic symptom of Australian political failure in the
Wall Street rebounded overnight in what looked like a short covering exercise but barely managed to cover the Friday night losses while the USD remains on the ropes as it only moved higher against Swiss Franc as the likelihood of the Fed cutting rates much sooner increases. US Treasuries again saw further moves lower across
The latest temporary visa data for Q2 2025 from the Department of Home Affairs shows that the total number of student visas on issue in Australia fell marginally to 592,342, down from 608,262 a year prior. However, the slight fall in temporary student visas on issue was offset by the rise in graduate visas, which
The latest Australian Bureau of Statistics (ABS) national accounts showed that Australia’s manufacturing sector comprised a record low share of GDP. In Q1 2025, manufacturing’s percentage of GDP decreased to 5.1%, down from 8.9% two decades ago and 15% in the mid-1970s. Australia has the smallest manufacturing share in the OECD, making it one of