High levels of foreign migration have become contentious throughout the developed world. A 2023 Dutch study even sought to calculate the net-fiscal benefit of migrants by origin. So while reading Australia’s 2026-27 Medium-term Budget Outlook, a s ...
Learn moreHigh levels of foreign migration have become contentious throughout the developed world. A 2023 Dutch study even sought to calculate the net-fiscal ...
Learn moreHigh levels of foreign migration have become contentious throughout the developed world. A 2023 Dutch study even sought to calculate the net-fiscal ...
Learn moreThe Board kept interest rates at 4.35%. It was unanimous. Governor Michele Bullock is feeling quietly confident. After three-consecutive rate rises, monetary policy appears to be just right. Economic growth, unemployment, and inflation are moving in ...
Learn moreThe war in the Middle East continues to play havoc with global inflation, bond yields, and growth. After three-consecutive rate rises, the RBA will likely keep rates on hold next month. Meanwhile, the US is moving from a position of a possible rate cut ...
Learn moreThe two-week ceasefire for the Iran war became indefinite, according to the US, while the blockade of the Strait of Hormuz was doubled. Markets reacted to daily social media posts from President Trump and Iran with their own rhythm. Central banks are po ...
Learn moreWe are now into the second month of the Iran War, and much like a tropical storm; it is unclear how long it will rage for and how much damage it will do. But the longer it goes on, the worse it will be for the global economy. ...
Learn moreThe RBA raised interest rates by 25 bps to 4.1%. It was a split decision, with five members of the Board voting for the increase and four voting to leave rates at 3.85%. Recent data confirmed to the RBA that there is still too much inflationary pres ...
Learn moreAI bubble concerns morphed into the 'SaaSpocalypse' as AI agents threaten to eat all software and replace all jobs. Perhaps the governor of the RBA may feel a little nervous as the RBA wrestles with still-rising inflation. Elsewhere, Takaichi re ...
Learn morePolitics overshadowed the economy in January. Fears of an AI bubble gave way to fears over Venezuela, Greenland, Iran, and Minnesota. However, economics cannot be ignored, and the month ended with the announcement of a new Fed chair, falling gold and si ...
Learn moreThe RBA raised interest rates by 25 bps to 3.85%. It was a unanimous decision. Recent inflation and employment data were hotter than the surface of the courts at the Australian Open! The RBA had signalled at its last meeting that it might need to ra ...
Learn moreSince the end of the COVID-19 pandemic, Australia’s labour market has been surprisingly strong. Even as the RBA increased interest rates and GDP growth slowed, employment growth has kept surprising on the upside (see chart below). In December, the ...
Learn moreFor AI true believers, 2025 should have been the year that ushered in artificial general intelligence. For Trump true believers, 2025 was the year that Trump saved America, again. Everyone else was just happy that the AI boom did not crash and that ...
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