Friday night saw a large selloff on Wall Street due to tech stocks getting out of sync with reality on earnings while some hawkish talk by Fed officials saw more bond selloffs as Treasury yields pipped higher again. The USD continued its dive against Euro and gold while the Australian dollar remained relatively strong to
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The Australian Bureau of Statistics (ABS) will release the official population and net overseas migration (NOM) data for the June quarter of 2025 on Thursday. Ahead of this release, the latest population indicators from the ABS are pointing to rising NOM. On Friday, the ABS released monthly net permanent and long-term (NPLT) arrivals data for
The earth has moved under our feet, and our massive security gamble is crumbling, but the government pretends nothing has happened, writes Michael Pascoe.
Donald Trump’s latest National Security Strategy memorandum treats the freedom to coerce others as the essence of US sovereignty. It is an ominous document that will – if allowed to stand – come back to haunt the United States.
In Botticelli’s masterpiece Pallas and the Centaur (1482-83), to be seen at the Galleria degli Uffizi in Florence, the Firenze-Athena parallel is unmistakable, with Florence depicted as the new Athens.
Immigration is the only thing that will keep wealthy nations viable.
By George Monbiot, published in the Guardian 12th december 2025
The collapse in Australia’s labour productivity is well documented. An OECD analysis published in The AFR found that Australia ranked second-last among wealthy nations in productivity growth since the COVID-19 pandemic. EY’s chief economist, Cherelle Murphy, says the decline in Australia’s productivity is partly attributable to “capital shallowing”—the fact that local companies are not investing
Police say at least 10 people have been killed in a shooting near a Jewish gathering at Sydney's Bondi Beach.
One shooter was killed, while another is in custody.
Authorities say there is no longer an active threat but have urged people to avoid the area.
Loy Yang B coal generator owner says it will be the last to close in the state, but is in no hurry to discuss timings. But there are plans for a syncon and even an 8-hour battery.
We have just been to a movie matinee put on by some friends of ours. The movie was Frank Capra’s ‘It’s a Wonderful Life’1, which I haven’t seen for a few decades. While the movie was made in 1946, it has many resonances with the modern world.
It is set in small-town America (of course), and the brief blurb on the Internet Movie Data Base (IMDB) encapsulates it as follows: “An angel is sent from Heaven to help a desperately frustrated businessman see the value of his own life”1.
[INTERESTINGLY, GUS RECENTLY HAD A SIMILAR DISCUSSION — ALBEIT MUCH SHORTER — WITH SOMEONE WHO "DIDN'T KNOW" THE INFLUENCE OF THE JEWS ON THE 1917 RUSSIAN REVOLUTION....]
A correspondent who goes by the moniker “Gennadiy Gessen” emailed me three years ago with a litany of questions. He sought to challenge me on a number of issues. What follows is our exchange, which is rather lengthy.
Cotality’s preliminary auction results show that buyer demand continues to wilt in Sydney, where the preliminary clearance rate has fallen to a 12-month low of just 58.1%. “While the reduction in volume is following the typical seasonal pattern, the gradual easing in auction clearance rates, which has been evident since mid-September, has more to do
The famed Liberal Party powerbroker Walter Villatora is a former campaign manager for Mike Baird and Tony Abbott. Believing the “Liberal Party is finished”, he resigned his membership last week to start his own conservative party, Reform Australia.
Ex-Liberal Party powerbroker says ‘the party is over’
By Lucinda Jerogin, Associate Economist at CBA The RBA left the cash rate on hold in a unanimous decision that was widely expected. The Statement took a step in the hawkish direction, but it was the Governor’s post meeting press conference that cemented the end of the easing cycle and warned of potential hikes. The
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