Weekend Reading and MB media Appearances

International Reading:

• Suddenly, Wall Street is worried that the U.S. economy is more ‘vulnerable’ than it looks – Fortune
• Inflation Numbers Show Just How Badly Trump Wrecked the Economy – Rolling Stone
• Wholesale prices jumped 6.3% annually in September, biggest gain since 2022 – CNBC
• Inflation Report Shows Real Wages Are Falling For Workers – Huff Post
• America Didn’t Lose Its Rare Earth Industry. It Sold It. – Lawfare Media
• Wholesale inflation surged in September, keeping affordability in focus ahead of the midterms – CNN
• Rising Costs Push Necessities Out of Reach for Nearly Half of Americans – NY Times
• Prices Rise as Election Nears, Worrying Republicans – NY Times
• Anthropic’s slowing growth could be the AI trade’s latest red flag – Affiliated Press
• China August retail sales missed forecast; industrial output beat at 5.2% – Valdrans
• I work for a major insurer. Much of my industry is fudging the numbers in the face of the climate crisis – The Guardian
• U.S. reportedly considers use of ‘mother of all bombs’ as Iran vows to fight on – CNBC
• Banks are now trying to offload the AI data center debt they just underwrote – Start up Fortune
• It’s not just billionaires fleeing Britain—fed up with grey skies, crumbling healthcare and the tax bill, a record 69,300 workers have left the U.K. – Yahoo
• AI trade rout sparks flight to Treasurys, bond yields sink: Chart of the Day – Yahoo
• The Iran war is costing American households $2,000 each, Moody’s estimates – CNN
• OpenAI’s London staff receive average of £2.3m per person annually – The Guardian

Local Reading:

• More than 1 in 3 Australian adults are functionally illiterate. How can we fix this? – The Conversation
• Alleged Chinese spy posed as recruiter for ‘retired Australian police’ – ABC
• Liberals insist EU free trade position not settled, despite Canavan’s assertion – ABC
• Anika Wells opens door to Australians suing big tech under new online safety laws – ABC
• Home Affairs ‘unlawfully’ jailed Australian citizen for 945 days, Ombudsman reports – ABC
• Greens Senator Jordon Steele-John on leave after allegations of inappropriate comments – ABC
• Coalition, Greens team up to throw private health bill out of parliament – ABC
• Greens concerned private school fees paid out of trusts could escape Labor’s 30pc tax – ABC
• Card surcharge ban used as ‘cover’ for larger price increases by Australian businesses, experts say – The Guardian
• Fuel, electricity & gas prices jump in September year, but not as much as onion prices – Interest.co.nz
• Real estate agency commission levels sliding as the housing market flounders – Interest.co.nz
• Gloomy outlook for the housing market as summer approaches – Interest.co.nz
• Greens promise reversal of government’s $2.4b public service cuts – Interest.co.nz

MB Media Appearances:

Interview with Ben Fordham on Radio 2GB discusses how high stamp duties are preventing people from moving into more suitable housing.

Treasury of Common Sense on Radio 2GB/4BC assesses the first year of Labor’s expanded 5% deposit scheme.

Treasury of Common Sense unpacks the Coalition’s ‘smoke and mirrors’ immigration policy and Housing Minister Clare O’Neil’s latest housing gaslighting.

This is an extract from the latest episode of Macro & the Mortgage Podcast with Catherine Cashmore, which unpacks the latest immigration policies.