Ferrous market prices are holding as steel output plunges. CISA has been catching down to cratered offical data in recent months. Chinese export data for July showed steel exports still going strong, but iron ore imports are down 2.3% year to date despite being up 4.7% in the month. After a tough start to the
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In the lead-up to the 2022 federal election, Labor promised to run a smaller immigration policy if elected. However, as soon as they came to office, they convened the Jobs & Skills Summit, which was packed with pro-Big Australia shills, and used it as cover to gain a fake consensus to ramp immigration to record
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In a recent tweet, Yellow Brick Road (Home Loans) Executive Chairman Mark Bouris made the case that Australia needs to act with confidence and for our leaders to put our nation first. In this Bouris is very much correct; Australia needs leadership that looks at the true state of the economy and our society in
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What a sad sack of Labor leaders these two are. One is a backroom bovver boy with the economic nous of a gnat. The other wrote a PhD on economic reform and political bravery to fill the void of his own cowardice. Like many successful political partnerships, their point of difference is that they are
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The 2025 UBS Global Wealth Report was released this week, which once again showed that the median Australian is among the wealthiest in the world. UBS ranked Australians second in the world for median wealth, with the typical Australian worth US$268,424. Australia also had 1,904 US dollar millionaires, according to UBS. Not surprisingly, Australia is
With the resignation of Gareth Ward this morning, shortly before his expected expulsion from Parliament, a by-election will be needed to replace him in Parliament. The Kiama by-election should happen soon, likely in September.
I won’t be delving into the issues around Ward’s legal situation, or the potential expulsion – the focus here is entirely on the impending by-election.
Australian inflation is rapidly becoming a one-trick pony as energy price hikes devour everything in their path. Various government energy rebates are still having a big effect as they roll off.. After increasing by 16.3% in March, electricity increased by 8.1% in the June quarter. However, because of the second wave of the Commonwealth Energy
I have warned repeatedly that Australia’s labour market has been living in a ‘fool’s paradise’. The nation’s unemployment rate remains historically low at 4.3% and the Reserve Bank of Australia (RBA) expects unemployment to remain at this low level. However, Australia’s labour market is not nearly as rosy as the official unemployment suggests. First, Roy
There has been a clear trend in all Australian elections over the last twenty years of voters moving away from voting on election day, with an increasing number of voters choosing pre-poll voting as an alternative.
Tasmania has lagged behind the rest of the country in moving away from ordinary election-day voting, both at state elections and federal elections, but there was a big drop between last year’s election and this year’s election.
Risk markets were unable to move much overnight as the latest US initial jobless claims came in slightly higher than expected (until revised by Sharpie by the Fanta Fuhrer) while a lot of Fedspeak around the slowing US economy led Wall Street to closed mixed at best. Oil prices pushed lower while the USD was
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