In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, examines why Australia’s stock market looks expensive compared to global peers—and whether the nation’s limited exposure to high-growth tech and AI could see it left behind once again. Join us for the podcast at 12.30 pm AEDST. Can’t make it to the live series? Catch
Trade war tensions are keeping most risk markets contained but not in selling mode as Wall Street lifted again despite sentiment around the US economy as the latest Biege Book from the Fed was released overnight. The USD continues to decline as Fed members are still broadcasting a softer economy, particularly labour markets as ICE
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What can a nineteenth-century economist teach a twenty-first-century Chief Executive Officer (CEO) at one of the largest technology firms? More to the point, why is Microsoft’s CEO, Satya Nadella, quoting William Stanley Jevons? Jevons was a dominant figure in economic thought in Britain during the second half of the nineteenth century, but not today.
His work populates the earlier chapters of textbooks on the history of economic thought, where he is credited with being a pioneer in starting the Neoclassical School of Economics.
From the Market Ear: Here we go SPX trading below trend channel lows for the first time since the latest bull started. Note we are below the 21 day. 50 day comes in at 6600 (futures). We outlined the fading momentum earlier this week, but first let’s see how this closes today. NASDAQ technicals NASDAQ
Austerity costs us a fortune.
By George Monbiot, published in the Guardian 4th October 2025
I was lucky. Last week, I was cycling downhill at night when I hit a pothole. The front wheel folded into an infinity symbol. I went over the handlebars and, with no time to put my hands out, landed on my face. My helmet and glasses took most of the impact. I emerged, remarkably, with just a few cuts and bruises.
Rupert Murdoch built more than a media empire. He built a cathedral of grievance where facts die on the altar and paranoia pays the rent. [...]
Alongside the genocide, the Israeli government is destroying the ecosystems of Gaza, perhaps permanently.
By George Monbiot, published in the Guardian 27th September 2025
A landless people and a peopleless land: these, it appears, are the aims of the Israeli government in Gaza. There are two means by which they are achieved. The first is the mass killing and expulsion of the Palestinians. The second is rendering the land uninhabitable. Alongside the crime of genocide, another great horror unfolds: ecocide.
The mainstream media, with a few exceptions, is a single-issue lobby group, whose purpose is to assert the rights of capital.
By George Monbiot, published in the Guardian 20th September 2025
Astonishingly, the Tufton Street junktanks that shaped Liz Truss’s agenda are still operating at the heart of government.
By George Monbiot, published in the Guardian 11th September 2025
Ross Gittins wins 2025 E.J. Craigie Writing Award for the best article reflecting the ideas of Henry George. Prosper Australia is pleased to announce Economics Editor for The Age/Sydney Morning Herald, Ross Gittins, as the recipient of the E.J. Craigie Writing Award for 2025 for his article: Productivity Commission wants our big mining companies to […]
The election of Zack Polanski as Green Party leader could be the moment our political drought begins to break.
By George Monbiot, published in the Guardian 3rd September 2025
Marvellous giants are returning to our shores, which means only one thing: pathetic inadequates using them as a test of manhood.
By George Monbiot, published in the Guardian, 28th August 2025
The Economic Reform Roundtable is ostensibly all about productivity. Treasurer Jim Chalmers has argued that cutting red tape and speeding up approvals is the key to unlocking growth. It’s the old trickle-down idea made new again by Ezra Klein’s book Abundance: make it easier to build, and prosperity will follow. It’s an appealing story. But […]
Thanks to the government’s draconian new anti-protest order, it’s almost impossible to tell whether you are or are not breaking the law.
By George Monbiot, published in the Guardian 30th July 2025
I packed a toothbrush, books and a notepad in a small rucksack, took my laptop from the house and hid it, gave my phone to a friend to look after and put a “bust card” (lawyers’ details and legal advice) in my back pocket. I wasn’t certain I would be arrested, but I wanted to be ready. Then I stepped, with other, much braver people into a legal labyrinth.