I have repeatedly argued that Australia’s universities have devolved into greedy profit-maximising corporations that do not pay taxes.

CBA’s economics team has assessed the potential impacts of a second Trump presidency and new tariffs on Chinese goods.

Australians are locked in the most prolonged recession on record following six consecutive quarterly declines in real GDP per capita.

You don’t get to be PM without making a few “friends” along the way.

This is priceless.

Two years ago, I attacked then-immigration minister Andrew Giles for headlining a private Victorian Labor Party fundraising dinner organised by controversial Labor figure Jasvinder Sidhu.

We have repeatedly warned that Victoria’s state debt trajectory is concerning.

The Market Ear on macro market moves.

Last month, the Australian Bureau of Statistics (ABS) released the annual national accounts for 2023-24, which included extensive land value data. Land values underpinning the Australian housing market increased by 8.8% during 2023-24. In 2023-24, Australia’s land was valued at $9.2 trillion, with residential land accounting for 84% ($7.7 trillion).

Right where the sadistic RBA wants it. Flash Australia PMI Composite Output Index(1): 49.4 (Oct: 50.2). 10-month low. Flash Australia Services PMI Business Activity Index(2): 49.6 (Oct: 51.0). 10-month low. Flash Australia Manufacturing Output Index(3): 47.9 (Oct:44.7).

The absolute madness of Australian energy policy is about to mug the Albanese government again.

DXY had the shortest rest in living memory and is off and running again, threatening to break out of its two-year range, AUD is hanging on but this kind of pressure will break it.

I noted last week how Australia’s Albanese government seems to have copied Canada’s Trudeau government on housing and immigration.

This is ridiculous.

Barramunga looking North   AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225   Everyone should set aside a couple of hours to listen to this   Transcript here https://www.royalsoc.org.au/wp-content/uploads/2024/11/Inequality-Dr-Ken-Henry-2024.pdf   Start of Transcript This is a nation based on mercantilist plunder.

Treasurer Jim “chicken” Chalmers is warming up to spend.

Former Victorian Premier Daniel Andrews announced in 2023 that the state would build 80,000 homes annually for the next ten years.

The Future Fund, which is one-third the size of the Australian economy, will be directed to invest in housing, security, and the green energy transition “where possible, appropriate, and consistent with strong returns”.

Is Trump Hitler?

Morgan Stanley with the note.

Earlier this year, the NSW Productivity and Equality Commission (PEC) lamented that young Sydneysiders were leaving the city, forced out by high housing costs.

Australian energy is a disaster.

The Reserve Bank of Australia (RBA) noted in the minutes of its board meeting for November that there are signs that the job market is beginning to tighten.

Steel and iron ore futures are range trading.