Gone through 2026. The ABS. The seasonally adjusted balance on goods decreased $2,621m in May. Goods credits (exports) decreased $1,168m (2.7%) driven by Non-rural goods. Goods debits (imports) increased $1,453m (3.8%) driven by Capital goods. The year has been OK for exports because most of the bulk commodity falls have been in coal, which is largely
One of the narratives put forward for high levels of immigration into Australia is that migrants are required to build sorely needed homes. At face value it seems to make sense. After all, we have a housing deficit that AMP’s Shane Oliver puts at up to 300,000 homes (once household demographic factors are added in)
If we imagine for a moment that pigs had little wings and made their home in the skies, and governments would do nothing to attempt to boost property prices even as they flatlined or grew at a level consistent with the CPI, we can credibly forecast a scenario in which housing would be on the
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Those who enjoy fables are in luck. The nuclear associatives have always proclaimed that nuclear power means independence. Humor. France has just been expelled from Niger, and our impeccable lobby is forced to sell itself to Kazakhstan, at Putin's behest, to obtain its uranium. Putin, the master of the energy game.
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen looked through what worked in 2025, what didn’t and where we are opening 2026. View the presentation slides Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund, which is
Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen look through what worked in 2025, what didn’t and where we are opening 2026. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund, which is powered by Nucleus
In the nation’s collective consciousness, there is the narrative that there is a city experiencing a nation-beating exodus, where outflows of its residents are on the road to being biblical in their scale. That city is Melbourne. In the years since the pandemic began, the perception of the bayside city has changed dramatically, from one
As the cost of living crisis continues to bite for millions of Australian households across the country, the experience for other households could scarcely be more different. While stereotypes of irresponsible young people living off $15 coffees and smashed avocado on toast are legion on social media, the data from CommBank iQ presents a completely
This is going to be a great short. I’m looking to get set on either side of the coming round of July Politburo meetings. The Chinese economy is far worse than anybody is talking about. It’s not growing at 5%, or at all, quite possibly. Steel production is on track to be down by its
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The Market Ear with the charts. Buy the dip BTD has been very strong in 2025. As we have been outlining for weeks, this still has a lot of 2020 flavor to it. BofA LSEG Workspace Gross Grossing up… GS Short suckers Market is “sucking shorts” out of the market. This is a longer term
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The exiled spiritual leader of Tibet has confirmed that he will have a successor when he dies, reassuring Buddhist followers around the globe that the 600-year-old institution of the Dalai Lama will continue.
DXY held its ground last night. So did AUD. Lead boots are marching on. Oil had a little pop going into OPEC. Another copper bubble is here. Big miners ripped within the monster bear. EM yawn. Junk yawn. The curve flattened on bad data. Stocks only go up. ADP was our before tomorrow’s BLS and
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