This about sums it up. Equally, what’s with the Danes. Danish officials have decided not to attend the World Economic Forum in Davos this week amid an intensifying dispute over Greenland that’s shaking transatlantic relations. “Danish government representatives were invited this year, and any decisions on attendance are a matter for the government concerned,” the
In the years since the onset of the pandemic, the cost of American housing has risen to its highest level ever relative to incomes, significantly exceeding even the peak of affordability concerns during the previous U.S. housing bubble. As a result of higher prices and significantly higher interest rates than previously, housing turnover has dropped
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Iron ore prices came off again yesterday, but the jaws remain wide. We should be at $90 in a rational market. CISA data for the first ten days of the year was 1.997mt which is mediocre but OK. What is worse is that steel inventories at CISA mills are 20% above last year’s levels and
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When the Albanese government was returned to power at the May 2025 federal election, it achieved the strongest result for a first-term government returning to the ballot box since at least World War 2. Since the Second World War, Australia’s first-term governments had always lost seats in their first return to face the electorate, losing
You could be forgiven for concluding that the Michael Pettis moment has arrived in China. It has stopped building. The investment in fixed assets is currently experiencing an unprecedented decline. Food, transport and energy are the only positives. Sure, China cooked the books to meet its 5% GDP target, but the GDP deflator is severely
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Origin confirms Eraring to be kept online until 2029 - nearly four years after its "early" closure date. The company has still not built any replacement wind and solar.
The post Origin to keep Australia’s biggest coal generator open for another two years as buyers’ strike seals the deal appeared first on Renew Economy.
With Wall Street closed for a long weekend holiday most risk markets sold off overnight as the blackmail threats on Europe from the Trump regime with counter threats of tearing up the Trump-induced 2025 trade deal heightened concerns of a wider transatlantic trade war. European shares slumped while the USD fell back after firming on
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Sen. Elizabeth Warren (D-Mass.) warned Democrats on Monday against moderating their economic agenda to cater to the demands of wealthy donors ahead of the 2026 and 2028 election cycles.
There’s nothing quite like the spectacle of the most hated group of people in Australia banning hate! Politicians! Anthony Albanese’s bill to combat antisemitism will pass parliament in coming days despite an 11th-hour hurdle thrown up by opposition MPs harbouring concerns over proposed new powers that would allow the government to proscribe and ban “hate groups”. Despite
Trump’s Washington runs on proximity, power and unpredictability. Australia’s next ambassador must be chosen for clarity, skill and seriousness.
Whoever Anthony Albanese appoints to replace Kevin Rudd as Australia’s ambassador to the US is likely to have a tough task explaining to the White House why Australia stands with Europe to resist Donald Trump’s designs on Greenland.
The EU leaders have held an emergency meeting over Trump’s tariffs threat over Greenland. After the meeting was concluded the EU officials have stated that the EU would respond with tariffs of their own and some have even suggested the Anti-Coercion Instrument, a tool which hasn’t been used before.
Just like during all the recent Iran protests, the language used by Western politicians and media follows a familiar script: “freedom,” “democracy,” and “support for the protesters” is what Europe and the US present as their priorities. Washington and London present themselves as moral actors, standing on the side of the protesters against an oppressive state.
A firm in a “pick and shovel” market produces a good or service that serves as an input to other businesses. A “frontier” pick-and-shovel supplier has made a significant technical breakthrough in applied science or engineering that has enabled capabilities in its product previously considered impractical, uneconomical, or impossible.
According to Cotality, Australia’s dwelling value-to-income ratio was tracking at a record high of 8.2 in the September quarter of 2025. Despite three 25-bp interest rate decreases from the Reserve Bank of Australia (RBA), the percentage of median family income required to service a new mortgage on a median-priced home was still historically high, at