Jobs and Skills Australia (JSA) has expressed concern that the nation’s universities are not producing graduates who have the skills that employers need. JSA commissioner Barney Glover says the organisation’s research has found that this is problem with engineering and IT graduates in particular. He notes that employers consider that up to 90% of graduates
A better mood on Asian share markets today bolstered by the new US-Japan “deal” which sent Japanese stocks more than 2% higher but has resulted in pushback from US car makers due to the details surrounding metal tariffs. Watch out for a possible reversal later tonight on Twitter! The BOJ will have its hands full
New Zealand experienced one of the world’s largest house price increases during the pandemic, only for prices to then crash back to pre-pandemic levels over subsequent years. The following chart from Justin Fabo from Antipodean Macro illustrates the enormous boom and bust of New Zealand’s housing market. The upside is that housing affordability in New
The Market Ear says the latter. Real economic headwind Goldman sees tariffs as a real economic headwind—not just a headline risk. Higher prices may drag on real incomes, stalling consumption and growth. Add slowing hiring and trade data, and the stage is set for policy shifts and weaker GDP. But there is always a silver
As we know, the corrupt RBA won’t ever mention immigration, so it’s unable to forecast anything, least of all inflation. This has led to the RBA leading the economic charge backwards for well over a decade as it constantly worries about wage breakouts amid immense and permanent positive labour supply shocks that crush age growth.
Westpac with the note. Leading Index growth rate drops to 0.03% in June. Main drag coming from commodity prices, sentiment and hours worked. Detail suggests some near-term fragility if recent supports from financial markets, interest rate expectations and US growth fall away.. The recovery that was gaining traction through the second half of 2024 has
Later this year will be the 28th anniversary of the signing of the Kyoto Protocol, which saw an agreement struck to pursue emissions reductions and stabilisations. In the almost three decades since, the decline of thermal coal demand has been forecast repeatedly, only for demand to surge to new heights, largely driven by dramatic increases
Treasurer Jim Chalmers has released a participants list for its upcoming Economic Reform Roundtable, which “is all about building consensus on long term economic reform, with a focus on resilience, productivity and budget sustainability”. The list comprises around 28 groups representing the business, industry, and academic sectors, as well as government representatives. The list is
The ferrous rocket flamed out yesterday. Miners are gapping into madness as the Pilbara killer cometh. At these prices, which will trigger a gusher of supply from India, iron ore needs more demand fuel from the Politburo. Colour me skeptical. Goldman. Ahead of the latest Central Urban Work Conference(CUWC), chaired by President Xi and attended
Victoria has had the cheapest energy on the East Coast for many years. The VIC government likes to crow about it. But there is a problem. This is not renewable energy. VIC has had cheap energy thanks to abundant gas and brown coal resources, which still comprise 60% of output. Even worse, it is only