Never let the truth get in the way of a good price rally in the iron ore market. With another Chinese property rescue on the way, why not? Well, there is this. John Lam expects home prices to fall for at least another two years before a recovery in China’s residential property market can take
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Every cycle has a bellwether. Today it’s NVIDIA. We’re operating in a two-speed economy where the US consumer looks fatigued, while corporate AI spending is a rocket ship. Let me share how I’m thinking about NVIDIA: why the recent result mattered, why capex is the fulcrum, what the depreciation debate gets right and wrong, how
All we had to do was survive until 25. Remember that jaunty little phrase? Now, here we are, limping to the end of a year in which we’ve experienced the highest unemployment numbers since 1994 and felt GDP contract like we were 10cm dilated.
With the Victorian government drowning in debt and facing further credit rating downgrades, the Labor state government is seeking to rein in costs. Recent infrastructure projects in Victoria have faced major cost blowouts, including the VNI West transmission line (doubling to $7.6–11.4 billion), the Suburban Rail Loop (announced to cost $50 billion, now more than
How did a fundamental reform so critical to the national interest shift from the lunatic centre to the sensible fringe? Australia’s failed East Coast gas market is critical to the entire economy. Unless it is fixed, Australia will have permanent stagflation, industrial hollowing out, and a failing energy transition. The subject is hardly a fringe
A big surge in tech stocks led Wall Street higher with more Fedspeak that the December rate cut is firming, giving a general boost to risk markets. The USD was mixed against most of the majors with Euro falling back slightly alongside Yen while Pound Sterling firmed. Bond markets rallied alongside the chance of the
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Just joking. I refuse to invest in the diarrhea of financial markets. That said, if you do, now may be the time. The old magazine cover indicator is chirping. As Michael Hartnett stated over the weekend, now may indeed be the right time to buy. Crypto “will be first to sniff out Fed coming to rescue.”
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In this episode of RT’s ‘Sanchez Effect’, Rick is joined by Independent geopolitical analyst, author and correspondent with 40 years of experience – Pepe Escobar, to discuss the peace deal proposed by Donald Trump. Despite the proposal being portrayed by the West as ‘pro-Russian’, Pepe trashed it point by point, saying that the whole paper is unacceptable to Moscow.
Cotality has released alarming data illustrating the sharp deterioration of rental affordability over recent years following record net overseas migration. The following chart plots the percentage of median household income spent on renting the median dwelling at the national level: Rental affordability nationally was tracking at its most favourable level in 15 years in Q4
Asian equity markets are fairly buoyant today but Japanese markets are closed while the risk complex ponders the next stage of the Ruzzian/Ukrainian peace “talks” amid a shortened trading week due to US Thanksgiving. Currency land was fairly stable without any large gaps as traders digest the Fed talk from Friday night that may support
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