Australian Economy

The Conversation teed off over the weekend with a piece by long term Population Ponzi spruiker Peter Martin, again touting rebuttal of the idea that Australian immigration volumes and income increases are related – Top economists say cutting immigration is no way to boost wages.

NSW Health has recorded another 207 locally acquired COVID cases over the past 24 hours, which follows the 210 cases reported on Saturday and the 239 cases recorded on Sunday: NSW recorded 207 new locally acquired cases of COVID-19 in the 24 hours to 8pm last night.

Still strong.

NSW Health has reported another 170 new COVID infections over the past 24 hours: NSW recorded 170 new locally acquired cases of COVID-19 in the 24 hours to 8pm last night.

Over many years, Australian Competition and Consumer Commission (ACCC) head, Rod Sims, has issued a spate of warnings about, and voiced opposition to, various asset privatisations being undertaken by governments across the nation.

Westpac with the note: We have revised our outlook for Australian dwelling prices.

The ABS has released Q2 CPI data, which shows that inflation rose by 0.8% over the quarter and by 3.8% over the year – basically in line with analyst’s expectations of a 0.7% quarterly increase and a 3.8% rise year-on-year.

CPI preview for later today.

CBA’s chief economist, Gareth Aird, with the note: Overview For most of H1 21 Australia looked on track to live up to its namesake as “the lucky county”.

NSW Health has recorded a record high 179 locally acquired COVID cases over the past 24 hours: NSW recorded 172 new locally acquired cases of COVID-19 in the 24 hours to 8pm last night.

The Victorian Department of Health has reported another 10 locally acquired cases over the past 24 hours.

The Grattan Institute has released a new report entitled “Gridlock: Removing barriers to policy reform”, which argues that Australia’s prosperity is at risk from a decade-plus of decay across our political institutions.

The NSW government will formally request the federal government reinstate the JobKeeper wage subsidy scheme, amid expectations that the COVID-19 lockdown of Greater Sydney will be extended for at least another month.

Nordea with the note.

EY Australia has a new report out on the prospects for Aussie cola over the next three decades and the news is good: Two-thirds of jobs will be lost.