The expansion of the war from Palestine to Iran, which began on 13 June, signals an Israeli obsession persisting for four decades. As the Trump administration was negotiating in bad faith with Iran over its nuclear programme, the Israeli regime took advantage of an interval to bomb Tehran, assassinating leading scientists, a senior general and other officials, some of them engaged in the talks.
The Market Ear with the charts. Already bombed out This email is just a reminder that sentiment and positioning metrics were already pretty depressed going into this weekend. From hedge funds to quants, longs are light which should leave less room for an unwind panic. Here are a couple of our favorite charts. Just average
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Australia’s recent productivity growth has been among the worst in the advanced world, as illustrated below by Justin Fabo from Antipodean Macro. This month, federal Treasurer Jim Chalmers launched a productivity summit aimed at pulling the nation out of its funk that has seen per capita growth and living standards decline. The Guardian’s economics editor,
Throughout last year, CBA published data showing that older Australians had increased their spending significantly above inflation, whereas younger Australians had cut back hard on spending. For example, in the year to Q3 2024, Australians aged 70-plus increased their spending on essential categories by 7.4% and spending on discretionary categories by 8.0%. Both were well
DXY fell Friday, but WWIII should be enough to restore it this morning. AUD is bunkering. We’ll see a nice oil pop this morning. I say short it. MAGA ain’t pleased. Metals grind on. The mining bear market is huge and only just begun. EM meh. A safe haven bod for Treasuries. Stocks only go
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Goldman has presented four possible scenarios for the oil market arising from the US attack on Iran’s nuclear facility: Scenario One, we stay in the present scenario where we do not have a meaningful or any loss of supply… I think in that situation we stay around these sort of levels because we are seeing some curtailment of
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The mainstream French media ignored the reality of Nazism's existence in Ukraine for years and refused to acknowledge the widespread presence of Nazi ideology within the Ukrainian armed forces, even when Ukrainians wore swastikas or other Nazi symbols during military training in France. And then, suddenly, one of the major French media outlets noted "hundreds of similar cases." Why?
Last month I posted about the increase in the proportion of votes that were cast early (postal, pre-poll and remote) as opposed to those cast on election day. 55.7% of votes were cast early, with just 43.6% casting their votes on the day.
For today’s post I am looking at how those voters actually voted, and how it’s changed over time.
Starting with the two-party-preferred vote, applying my estimate of the Bradfield 2PP, the gap between election day and the early vote is the widest I’ve seen since at least 2004.
Oil prices will likely gap 20% higher this morning when markets open given the illegal attack on Iran by the Trump regime over the weekend, with equity futures indicating higher volatility as well. This will truly re-set risk markets across the board, with all eyes on US Treasuries for signs this conflagration could have an
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The Q1 national accounts, released earlier this month, showed that the private sector economy remains locked in recession. Australia’s per capita GDP declined by 0.2% over the quarter, the ninth decline in 12 quarters. It was also the longest (but not deepest) decline in GDP per capita in modern recorded history. The decline in per
Foreign Minister Penny Wong has continued her round of morning media interviews, stopping by ABC's News Breakfast, where she's reiterated the government's support of the US' strikes on Iran's nuclear facilities.
Israel flew over to Iran with fighter jets and has since gone totally ballistic — literally and figuratively. So what does the European Union’s insane clown posse have to say about it? Get yourself some popcorn. The Eurojokers are doing their best stand-up comedy again without even realizing it.
As the world reacts to the entry of the US into Israel’s attack on Iran, Greg Barns says the actions betray the rules based order.
