Australians have been subjected to a long, grinding income recession.

New Zealand citizens can work and live in Australia indefinitely as temporary migrants under the Special Category Visa (SCV).

Following Wednesday’s weaker-than-expected wage growth data, the Australian Bureau of Statistics (ABS) released its July labour force survey on Thursday, which reported rising unemployment.

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, explores what SpaceX is really becoming — from Grok and massive AI data centres to AI satellites and ambitious plans for space-based computing.

Bloomberg has a piece today that should alarm every Australian.

Victoria has legislated a target to source 95% of its electricity from renewable energy by 2035.

Goldman has released an alarming study on Australian complacency regarding our new and improved AI+immigration growth model.

Regular readers will know that I basically believe that AI is only the latest iteration of a structurally deflationary environment, regularly disrupted by an inflationary pushback in the form of disintegrating globalisation.

Today’s Iran war headlines.

Recently Victorian Opposition Leader Jess Wilson pledged that a Coalition state government would restore weekly rubbish collections if they win November’s state election.

Australia’s housing market is facing a ‘perfect storm’ of forces that are converging to deliver the largest price correction in generations.

The Australian Bureau of Statistics (ABS) has released the wage price index for the June quarter, which rose by 0.8% over the quarter to be 3.2% higher year-over-year: The result was in line with analysts’ expectations but 0.1% below what the Reserve Bank had forecast in its latest Statement of Monetary Policy.

Albo is, once again, listening to the wrong people on gas.

The Market Ear is sanguine.

Simon Kuestenmacher, dubbed the “Stats Guy”, is a well-known immigration shill.

When I first visited China in 2002, I was struck by one thing in particular: how wrong the Western view was that we were going to liberalise it.

War headlines today.

With the release of the latest U.S.

Brisbane’s and Perth’s property corrections are in their infancy and are lagging well behind Sydney’s and Melbourne’s, according to Cotality.

This is sensible policy.

The Teal federal member for Wentworth (covering Sydney’s wealthy eastern suburbs), Allegra Spender, has consistently advocated mass migration while also contradictorily demanding lower carbon emissions (for example, see here and here).

The AEMO provides a neat quarterly assessment of the NEM renewables rollout, giving us a snapshot of where things are at.