David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The ...

A national interest policy process is one in which a well-informed government determines its policy settings via a specialist area of the bureaucracy. Next, the draft policy is released, and ...

It appears that the government-funded jobs printer of the Albo era is slowing faster than the crushed private sector economy of the Albo era can catch up. Public spending has been much more ...

In last week’s monetary policy decision, the Reserve Bank of Australia (RBA) decided to keep the official cash rate on hold, citing resurgent inflation risks. The RBA’s statement noted that “the ...

A new report from Oxfam claims that the capital gains tax (CGT) discount and negative gearing are “disproportionately” benefiting Australia’s wealthiest, fuelling the housing affordability crisis and ...

This week’s consumer sentiment survey from Westpac revealed that Australian house price expectations are at their highest level in 15 years, following a 2.1% rise in October. Westpac also noted that ...

What we are seeing in many markets today is exactly what I expected to see when I made my 40 cents AUD call a few years ago. American exceptionalism is alive in the AI bubble but severely crimped by ...

The fertility rate in Canada has now fallen so significantly, that even women in lockdown era Japan were having more children.

In this week’s podcast, we are taking a look at the crushing weight of Australia’s housing market—why affordability is being flattened under rising prices, what’s driving the squeeze, and what comes ...

The ferrous complex remains paralysed by too much versus too much hope. Some Morgan Stanley charts illustrate the point. Steel is weak globally and abundant in China still. We are about to witness the ...

New Zealand’s economy is in a deep hole. As illustrated below by Justin Fabo from Antipodean Macro, real GDP contracted sharply in the June quarter, drastically underperforming the Reserve Bank of New ...

In a speech to the National Press Club, BlueScope CEO Mark Vassella warned that Australia risks following the UK’s industrial decline if the federal government fails to fix the gas market. Vassella ...