I spend a lot of time asking one simple question: Can earnings keep doing the heavy lifting? Valuations are stretched at the top end of the market, and the AI investment cycle is still in full flight. Yet, for all the worry, the income statement remains surprisingly resilient. So far, the reporting season has two
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Budget watcher Chris Richardson says that public service wage pressures are exceeding budget forecasts. “It would appear the wage pressure is beating the budget forecast and that was always the likely outcome”, he said. Richardson’s comments follow an AFR analysis of 16 financial reports by federal agencies, which revealed that 14 had unbudgeted increases in
Australia’s official unemployment rate was 4.5% in September, the highest reading since November 2021 and significantly above the Reserve Bank’s forecast contained in its August Statement of Monetary Policy. I have argued repeatedly that Australia’s labour market has been artificially propped up by the unprecedented boom in non-market sector jobs, funded by the taxpayer. Australia’s
RBA futures still see one more interest rate cut, but it’s six months away Meanwhile, Bloxo leads off the rate hike hysteria. Third-quarter inflation surprised sharply to the upside, and when a big surprise like this comes along, there are typically two possible responses. One is to dismiss the data as statistical noise that will
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The ferrous jaws must shut. And we have the perfect monster to do it. And it’s a moment that has the iron ore market holding its collective breath. The size and richness of the deposit means the start up at Simandou threatens to further tilt the power dynamics in a market already facing an uncertain demand future,
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Yet again Wall Street only rallied overnight due to tech giants as the AI bubble keeps the mirage of everything afloat. The USD is holding firm against all the majors although is making new ground against Kiwi and the Canadian Loonie while the Australian dollar is just holding on above the 65 cent level. Remember
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Last month, Build Skills Australia released a report warning that there are not enough tradespeople to meet Labor’s target of building 240,000 homes per year, which was tracking 65,970 (27%) behind in 2024-25. According to Build Skills Australia, the building rate per new resident has plummeted, despite the fact that the number of homes built
With the release of the latest ABS household spending data, it was revealed that in inflation-adjusted terms, households had only grown their spending by 0.2% in the September quarter. This result was down significantly from the 0.9% achieved in the June quarter and the weakest result since September last year. In per capita terms once
There’s an urgent need to replace our total mess with a codified constitution.
By George Monbiot, published in the Guardian 23rd October 2025
Solar Sharer: Bowen wants retailers to offer free electricity for three hours in middle of every day
Asian markets are generally steady following the weekend gap with traders absorbing the outcome of the Trump-Xi summit last week amid some other economy releases, not withstanding last week’s Fed meeting which saw a “cut and wait” approach as too much inflation and not enough job growth plagues the Trump regime. This has seen the
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Slow day on the keyboard today because the house is full of tradies doing roof repairs. It’s an insurance claim, thank god, because it looks like a very, very spendy job. There’s at least a dozen guys, a crane, a shit ton of scaffolding and new roofing iron, new insulation, a new solar hot water system and… now… a new ceiling for my library after one of the roofers stepped through it.