Tarric Brooker aka Avid Commentator 🇦🇺
@AvidCommentator
Journalist & Analyst Contributor for @newscomauHQ Help support my content by subscribing at http://Burnouteconomics.com My opinions are my own
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'Understanding Australia And Higher Inflation' "A near record expansion in government" burnouteconomics.com/p/understandin…
What is not adequately understood is how high housing costs and large debts drag on consumer spending and by extension business creation and productivity. Larger debts for long for all at the aggregate. And then policymakers are dumbfounded why things are broken.
Lots of people stretching in Brisbane today to buy $2.5m - $3m houses I don’t see it ending well I mean Bris is great but it’s still a second tier city And they max out on mortgage, crippling repayments etc And buying in at the top, hard to generate a return on that capital
'Australian taxpayers subsidise rising specialist fees as spending on Abbott-era Medicare safety net ‘explodes’ "Health department data shows spending on the 2004 extended safety net has nearly tripled, from $324.9m in 2010 to $850.4m in 2024" theguardian.com/australia-news…
"Despite higher spending, shoppers bought fewer items due to rising prices."
U.S. BLACK FRIDAY SALES HIT RECORD HIGH U.S. online Black Friday sales reached a record $11.8 billion, up 9.1% from last year, according to Adobe Analytics. Adobe expects Americans to spend $5.5 billion on Saturday and $5.9 billion on Sunday. Salesforce reported $18 billion in…
I think the RBA have been given way too much credit for this cycle, both positive and negative. Its not primarily because of them unemployment is 4.3%. And its not primarily because of them inflation is 3.8%. Both are far more heavily influenced by the government.
'Has the RBA cut interest rates too hard and too fast?' "After three interest rate cuts this year, inflation is back and questions are being asked about the political pressure applied to the Reserve Bank." afr.com/policy/economy…
'Has the RBA cut interest rates too hard and too fast?' "After three interest rate cuts this year, inflation is back and questions are being asked about the political pressure applied to the Reserve Bank." afr.com/policy/economy…
'Australian Border Force passport system outage causes delays nationwide' abc.net.au/news/2025-11-3…
Because with subsidies, interest rates for loans in strategic sectors are nearly zero. Fix that and you will reduce overcapacity!
Yet another industry in China where profits will be squeezed by excess capacity...officials warn of proliferation of remarkably similar robots from more than 150 firms...local governments rushing into projects with low-quality and inefficient investments bloomberg.com/news/articles/…
According to data from the RBA, inflation adjusted international student spending continues to surge, while it stagnates for other Australian residents. A sizable element of of non-government funded growth in recent years, as is population composition change.
Britain, what an absolute mess. Not that we aren't getting there with our unique brand of insanity here in Australia...
A man was arrested by police in Britain after he posted a picture online of himself posing with a gun in the US He was then held overnight in a cell and bailed… “I was told to be careful what I say online and I need to understand how it makes people feel,” WHAT?? The police…
My word, what an absolute rip off of additional charges.
Vegas deserves everything that's coming. Corporations ruined it. Bring back the Mob. "This is just itemized greed" @Cosmopolitan_LV reddit.com/r/mildlyinfuri…
I'm not going to lie, its crazy to me how the pro-high migration narrative is at times defined by "Oh, but the food" Do they know the rest of the developed world has a wide assortment of international food with much lower migration.
Its a well established fact that the French were offered multiple options including internment in the U.S or sailing to a French port in the Caribbean. It wasn't join us or die. Things were resolved peacefully at other ports like Alexandria which had a large French continent.
The single biggest loss of life for the French Navy in WW2 wasn't inflicted by the Germans or Japanese. It was inflicted by the British by direct order of Winston Churchill. On the 3 July 1940 the British Royal Navy carried out "Operation Catapult" the deliberate, cold…
Interesting to see Shane Oliver's results reflecting the weakening in Sydney's auction results seen in mine. We await the Gold standard of SQM's results come Tuesday.
Prelim Domain auction clearances Syd 62%=final ~61%,Nov avg 60 Mel 68%=final ~65%,Nov avg 61 Clearances rose in Mel but fell in Syd, but with both down in November - looks partly seasonal but with the less favourable RBA rate outlook & rising listings also impacting. #ausecon
If this is the start of a concerted campaign, oil prices are going to spike. Its also likely to piss off the Indians and the Chinese, since they are the primary recipients of cheap Russian Black Sea oil exports.
Ukrainian forces released videos of the operation against the two oilers Kairo and Virat in the Black Sea which tried to reach the Russian coast. The message is clear: If you are a shipowner trying to get Russian oil, expect that you will lose your whole ship.
Do you think that most migrants know what sort of conditions they are walking into in Australia and they just come anyway, or are they mostly just unaware of how hard it is to get a home or how challenging the cost of living is? I honestly dont know.
'RBA could hike interest rates in early 2026 as banks rewrite forecasts' abc.net.au/news/2025-11-2…
"The government has the absolute support of a majority of people" Or "The opposition was so utterly awful and unforced error prone, they were deeply disliked by the electorate" One of these is objectively far more true than the other.
This is hilarious to the 13 year old in me, bonus points for the moustache 😂
Auction results - Sold To Listed - Sydney 39.7% (40.1% last week) - Melbourne 48.0% (50.0%) Sydney continuing to trend weaker, but it appears to be more than seasonality, now only marginally stronger than this time last year on a rolling average basis. Melbourne continues to…
Auction results - Sold To Listed - Sydney 40.1% (42.4% last week) - Melbourne 50.0% (47.3%) Sydney's weakest result since May and certainly impacted by a seasonal downtrend, but comparing the performance with this time last year, it is now weakening noticeably. Melbourne on the…
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