On Thursday, I lambasted Treasurer Jim Chalmers for boasting that Labor has delivered the “longest period of consecutive real wage growth in almost a decade” following eight consecutive quarters of annual real wage growth: Chalmers’ boast came despite real wages falling by 0.5% in Q3 2025, tracking at mid-2011 levels. Australian real wages have only recovered
The ferrous complex is still paralysed by the jaws. However, China is going to throw the kitchen sink at property. China is weighing a new round of measures to revive its ailing property market, a sector so central to the country’s economy that its continued slide threatens broader financial stability. Policymakers are discussing nationwide mortgage subsidies for
One year ago, Treasurer Jim Chalmers and Finance Minister Katy Gallagher declared that the Future Fund, which is one-third the size of the Australian economy, would be directed to invest in housing and the green energy transition “where possible, appropriate, and consistent with strong returns”. This was the first time the federal government imposed certain
Gas Balkanisation is suddenly being debated. Townsville Enterprise has warned that surging gas prices are crippling Queensland industries and threatening the State’s manufacturing and mining competitiveness. The call follows mounting concern over the east coast gas crisis, with warnings of tightening supply and soaring costs for manufacturers and households. Representing North Queensland’s key industries, Townsville
The Market Ear explores. Not your normal market SPX futures so far today: high 6791, low 6588. Extreme volatility continues to shake this market. SPX is well below the trend channel, as well as trading below the 50 day (starting to slope negatively). Must hold at 6600, resistance at 6800. Source: LSEG Workspace Fear running
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When Australia closed out the 2017 calendar year, the total number of properties listed for sale reached a level considered, at the time, deeply depressed. With just a little over 200,000 homes listed for sale, it was dramatically below what had become normal in the early to mid-2010s, when the 220,000 to 240,000 homes for
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Oh what a night! Wall Street managed to a 4% plus volatile turnaround after embracing the uber good earnings from NVIDIA before realising the AI bubble might be a bubble with no upside potential, not helped by a massaged and very late September US jobs report and a lot of Fed hand wrangling over rate
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DXY is ready to pop but not yet. AUD is breaking down. CNY yawn. Gold and oil yawn. Metals say Chinese property rescue is no bueno. Miners too. EeeiiuuM Junk was OK, weirdly. Yields too. Stocks puke. US September payrolls didn’t cheer anybody. Total nonfarm payroll employment edged up by 119,000 in September but has shown
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France’s top general, Fabien Mandon, is facing backlash after saying the country must be ready to “lose children” in a potential conflict with Russia. Moscow has dismissed Western speculation that it has any plans to attack the EU or NATO as “nonsense.”