The big surprise in the newsflow is not the Epstein list no longer exists its that the RBA actually held interest rates steady in today’s meeting, launching the Australian dollar higher. The RBA is highlighting the uncertainty of the Trump regime’s tariff tirade as one reason but also domestic concerns play a big point. The
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Jesus, what a pack of nupties. Maintaining price stability and full employment is the priority. The Board continues to judge that the risks to inflation have become more balanced and the labour market remains strong. Nevertheless it remains cautious about the outlook, particularly given the heightened level of uncertainty about both aggregate demand and supply.
Cynical operators seek to divide rural and urban people. But what we want is fundamentally the same.
By George Monbiot, published in the Guardian 28th June 2025
Have they changed, or just become their worst selves
While Trump is unpopular with a majority of Americans, his support among Republicans remains solid. That’s despite blatant corruption, fascist policies and a failure to deliver any of the economic benefits he promised. Faced with this depressing fact, the standard New York Times response has been to send an intrepid reporter to “Trump Country” (rural Kentucky or Midwestern diners) to find out what is going on.
Morgan Stanley with the note. The headlines have already started to trickle in: Canada repeals digital services tax, Vietnam agreement secured, EU on track. These seem like the previews before the movie starts – but what are we actually watching? Many of our conversations with clients point to July 8/9 as a catalyst for risk.
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When it comes to economic statistics, few are as hotly contested as government employment data. Issues such as survey response rates, one hour of work per week counting as being employed and the likelihood of significant later revisions are often cited as potential distortions to the “true” picture of the nation’s labour market. For this
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In recent years, the hard reality of the economic, social and fiscal situation of Britain have gradually come to the forefront. Some examples have been surprisingly humorous, such as the livestream of a lettuce that ended up outliving the government of Conservative Prime Minister Liz Truss. Others have been cold and concrete, such as the
In the debate surrounding the future of Australia’s economy and what it will look like, the issue of the resources sector is often one of the most hotly debated elements. At first glance, it’s easy to think that the economy can do without it, that we are little different from any number of other advanced
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The Market Ear on equities. Approaching neutral “This week, positioning has continued to rise and is approaching neutral but is still a little shy of it (-0.14sd, 35th percentile)” Source: Deutsche Bank Far from max long Goldman’s Wilson sums it up: “…on our latest estimates CTAs would have another $95b of US equities to buy
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The ferrous market is not a strong believer in Chinese steel production cuts so far. Scuttlebutt is building, though. Steelmakers in northern China’s Tangshan city have received notice for environmental protection-related production control, information provider Tangshan Baochun Data said in a note on its WeChat account on Saturday. Some local mills have undertaken maintenance on