News
Australia's labour market right on the edge
1+ hour, 36+ min ago (98+ words) Macro Business Australia's labour market right on the edge Since late last year, the U. S. labour market has been experiencing a strange set of circumstances: rolling annual job growth has slowed to levels consistent with the immediate aftermath of a recession,…...
Australian home prices face generational decline
22+ hour, 32+ min ago (546+ words) Earlier this month, I wrote an article entitled "Australian house prices poised for largest decline in 40 years, explaining why the housing market is facing a generational decline. My analysis has received support from Morgan Stanley, which warns'that the 2026 budget's changes…...
Has Politics become HR which nobody believes is much more than bullshit?
18+ hour, 10+ min ago (1049+ words) A couple of weeks ago, a mate with whom I once worked and now works for the BBC beamed me a copy of a letter he had sent to the new BBC chief, Matt Brittin, who took up his role…...
Immigration idiocy mid-oil and job shock
2+ day, 22+ hour ago (162+ words) David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of Macro Business and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and…...
Global growth disappears into the fog of war
2+ day, 23+ hour ago (223+ words) David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of Macro Business and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and…...
$100 billion of disability spending cripples economy
2+ day, 23+ hour ago (119+ words) Macro Business $100 billion of disability spending cripples economy The Budget papers show that the federal government's total spending on disability in the 2027 financial year will come in at $98. 1 billion, despite its efforts to curb the National Disability Insurance Scheme's (NDIS)…...
Stocks and bonds on collision course
2+ day, 22+ hour ago (161+ words) David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of Macro Business and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and…...
Aussie unemployment shock arrives
3+ day, 19+ hour ago (131+ words) The Australian Bureau of Statistics (ABS) today released an ugly labour force report for April, with employment decreasing by 18, 600, the unemployment rate rising by 0. 2% to 4. 5%, despite the participation rate falling by 0. 1%: As illustrated below by Justin Fabo from Antipodean Macro,…...
Make Kevin Gallagher walk the plank
3+ day, 22+ hour ago (608+ words) More gas cartel whinging today at Cartel Headquarters. Forcing east coast gas producers to sell 20 per cent of their LNG exports into the domestic market will kill gas companies and destroy businesses, according to Santos chief executive Kevin Gallagher, who…...
Australian builders confront new wave of bankruptcies
4+ day, 17+ hour ago (145+ words) In the years following the COVID-19 pandemic, Australia's construction sector experienced a sharp rise in construction insolvencies. This wave of insolvencies was driven primarily by fixed-price contracts undertaken in the wake of the Home Builder stimulus. After these contracts were…...