Fool’s errand …

Made in Australia agenda ‘a fool’s errand’ theaustralian.com.au/nation/politic…

The ASX rate tracker suggests the market has pushed back to Q2-2025 its expectation for the first RBA cut. #auspol #ausbiz #ausecon .

A quick look at three different Bayesian models for 2pp voting intention at the next #australian Federal Election.

marktheballot.blogspot.com/2024/04/variou…

#auspol #ausbiz #ausecon

Is Australia about to have a debate on accounting measures of profitability v economic value added?
Finance nerds ... Assemble.
You've waited all your life for this. afr.com/companies/reta…

Opinion: The NDIS has become a monetary monster, devouring the budget, adding to inflation, while failing to meet the needs of many in the community. What's your view? bit.ly/3VZVc1f

Net long-term migration continues to grow. #auspol #ausecon #ausbiz

In 2008 I moved from Berlin to Melbourne. At the time both cities had the same population but Melbourne was seven times larger. Urban sprawl in action. When Aussies wonder why maintaining our road, rail, power, and sewage infrastructure is so expensive I show them this map...

The betting market odds for a labor win have narrowed slightly in recent days. #auspol #ausbiz #ausecon

The ASX rate tracker has only ever anticipated 3x25bp rate cuts. We are not going back to the COVID low interest rates anytime soon. The first rate cut is now anticipated in Q1-2025.

Hat tip to Matt Cowgill who has been collecting ASX Rate Tracker data on his github page.

Thought for the day

Good to see that Danielle Wood has not thrown the switch to vaudeville, like many economists in public life have, *and* that her predecessors have backed her up: afr.com/politics/feder…

The betting market odds for a labor win have narrowed slightly in recent days. #auspol #ausbiz #ausecon

#Australia is in the middle of the transition from having exogenous supply-side-constraints driven inflation to an endogenous wage-price spiral in the services sector. Consequently, the RBA will not be able to cut rates for some time. #ausecon #ausbiz #auspol

David Scutt Mark What do you expect when our Treasurer says one of his favourite economists is Mariana Mazzucato? Is fairies at the bottom of the garden stuff! afr.com/policy/economy….

Grab the sandbags: RBA not expected to cut interest rates for the entirely of 2024.

afr.com/policy/economy…