Germany’s federal parliament, the Bundestag, is voting today on the largest rearmament programme since the Nazi regime. It will provide the future government with around €1 trillion to rearm Germany into a major military power and enable it to wage war.
It is all so predictable. One of Australia’s biggest coal power stations in Victoria’s Latrobe Valley is set to stay open for four more years amid fears of devastating electricity shortages, in an extraordinary U-turn for the state Labor government’s renewable energy-only blueprint. A decision to keep coal in the power system for longer underscores Australia’s
According to the Australian Bureau of Statistics (ABS), 1,044,160 net permanent and long-term arrivals have landed in Australia since the Albanese government took office in June 2022. New data from Jobs & Skills Australia, collated by Justin Fabo of Antipodean Macro, demonstrates that the record net overseas migration has done nothing to alleviate high-skilled labour
The latest sales data is flatlined. Sentiment flatlined. Inventory a bit better. But the completions cliff appears to be here. Not good for bulks as steel breaks down. ‘Dem jaws is wide.
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On last week’s ABC Q&A program, federal health minister Mark Butler claimed the government has “been working very hard to get migration levels, immigration levels down to something we think the country can manage”. Wow, the gaslighting when it comes to immigration and housing is off the charts. Check out this excellent question and the
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The latest House Income and Labour Dynamics in Australia (HILDA) survey, conducted by the University of Melbourne and the Melbourne Institute, showed an increasing wealth disparity throughout the country. As illustrated below, older Australians’ wealth increased the most over the past 20 years. Australians aged 75 and over experienced by far the largest percentage increase
DXY is through the trapdoor. EUR to the moon. Even so, ‘risk off’ hit AUD. Lead boots are walking to Mar-A-Lago. Golden rocket. Oil abortion. The world does not need Goldman’s copper play Playing copper via diversified miners is stupid. EM meh. We need much more pain in junk. Yields eased. New inversion deepened. Stocks
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As Trump waited an hour to speak to his Russian handlers overnight, news of more tariffs coming April plus some lackllustre results in tech stocks (while Tesla’s burn everywhere) sent Wall Street lower while European stocks continue to outperform. Meanwhile the USD slipped further against Euro and Pound Sterling while building against Yen in anticipation
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The Market Ear on the roaring bear. Hitting the head in the trend line SPX’s short term negative trend line remains intact for now. We need to break above this to have a clear technical signal. Source: Refinitiv No de-gross Hedge fund current peak to trough de-gross still not extreme compared to August and December
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Italian Prime Minister Giorgia Meloni has rejected the idea of deploying troops in Ukraine, after France and the UK proposed sending peacekeepers to secure an eventual truce between Kiev and Moscow.
Meloni expressed her opposition during an address to the upper house of the Italian parliament on Tuesday, ahead of a European Council meeting in Brussels this week expected to discuss the Ukraine conflict.