This has been a big week for finding out about stuff I didn’t know. First it was the story of how Blade Runner the movie got the name and now this from Michael Ian Black’s Substack.
DXYT softened last night as the great narcissist resumed attacking the Fed. AUD firmed. Lead boots are rolling over. Oil liked the chaos, oill did not. Metlas no bueno. Big mining bear fully intact. EM tried. Junk too. As yields cooled on a softish PPI. Stocks meh. The PPI helped offset yesterday’s bad CPI (in
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IN SIXTY SO SOON, PUBLISHED SOME YEARS AGO (2006), BILL FIRMAN MAKES THE ARGUMENTS FOR GOD… SCIENTISTS WHO BAT FOR TEAM-GOD ARE OFTEN USED AS A PROOF OF HIS (GOD) EXISTENCE… SAYS BILL:
Scientist Henry Schaefer restates the five traditional arguments for the existence of God which are often referred to in astrophysical literature:
A busy night of data, geopolitics, plus absurd politics as the Trump regime looks to fire Fed Chair Powell because he won’t lower rates (even though he only has one vote and there’s clear evidence of an inflationary push from the tariffs). This kept Wall Street on its toes but eventually Trump TACO’d out again
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Tuesday’s net permanent and long-term arrivals data from the Australian Bureau of Statistics (ABS) suggested that immigration is surging, with a record 245,890 net arrivals recorded over the first five months of 2025. It appears that the surge in arrivals has been driven, at least in part, by international students, with the ABS reporting 39,210
The US must be told that we will not be involved in any way and at any time in a war with China over Taiwan.
Trump is pressing US allies to increase their defence expenditure. Anthony Albanese has wisely responded that the Australian Government will decide how much we spend on defence, and not the US.
Another possible surrogate for the control of potential enemies of society is the reintroduction, in some form consistent with modern technology and political processes, of slavery. Up to now, this has been suggested only in fiction, notably in the works of Wells, Huxley, Orwell, and others engaged in the imaginative anticipation of the sociology of the future.
RIO’s treason mine has been brought forward again. Pilbara iron ore achieved its highest Q2 production since 2018, recovering well from Q1 extreme weather impacts. Simandou first shipment accelerated to around November 2025, with 0.5 to 1.0 Mt of shipments expected in 2025 (SimFer scope from Blocks 3 & 4). Continued progress with our Iron
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Most people have been appalled or sickened by the images coming from Gaza, of flattened cities, rows of shrouded corpses, dead or dismembered children, mangled babies, emaciated children, lists of journalists and health-workers targeted. In the western world, people have been demonstrating in their many thousands against this genocide in Gaza. So what do governments do? They are more concerned with placating Israel and stopping the protests than stopping the genocide, even to the point of criminalised protesting1.
Risk markets continue to weigh up last night’s US CPI print with tariff inflation beginning to hit the US domestic economy, with the Fed likely to hold instead of cut for the rest of the year. More “frameworks” and “thinkings about deals, maybe” are being announced by the Trump regime as US Treasury yields drift
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After experiencing a reprieve last year, the latest net permanent and long-term arrivals data from the Australian Bureau of Statistics (ABS) suggests that net overseas migration (NOM) has surged back in 2025. There were 1,128,480 permanent and long-term arrivals in the year to May, offset by 680,860 departures, with both tracking at close to a