The Australian dollar – much like most other undollars – made new highs last night on the long expected rate cut by the US Federal Reserve, with the added boost of Fed Chair Powell calling it a “neutral position” not a hawkish reaction as expected: Full statement from the Fed below – the TLDR takeaway
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Australia’s Treasurer of propaganda, “Spin” Jim Chalmers, can’t stop spreading misinformation about the state of the economy. A few weeks back, Spin Jim claimed that Labor had delivered the “longest period of consecutive real wage growth in almost a decade” following eight consecutive quarters of annual real wage growth: Spin Jim’s brag came despite a 0.5%
Households will have to pay up front and in full for new gas connection, thanks to new rule to protect consumers from the impending network death spiral.
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Wall Street loved the rate cut from the Fed last night and the apparently neutral not hawkish future position espoused by Fed Chair Powell. Other risk markets also saw a lift while the USD was poleaxed across the board with Euro up sharply. Oil prices saw a small lift as did other commodities while the
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There has been a lot of conversation recently about implementing fixed four-year terms for the federal Parliament, with Anthony Albanese indicating support and some reporting that Don Farrell, the special minister of state, is considering whether to move on the issue.
Alex Joiner, chief economist at IFM Investors, posted the following chart on Twitter (X) showing the long-run collapse in construction sector productivity: “If we want to address supply issues in residential construction and deliver non-resi and infrastructure projects on time and budget, then we need to foster productivity growth in the construction sector”, Joiner said.
Throughout Europe, the drums are beating, the media trumpets are blaring. Warmongers are hammering away with a continuous stream of belligerent propaganda. The entire media-political system is mobilised for this purpose. The rhetoric and arguments upon which this belligerent campaign is based give pause for thought regarding what they reveal about the crisis Europe is experiencing.
A year defined by bullying power politics, media cowardice and moral failure – alongside rare but vital acts of courage that point to a different future.
Australian Energy Market Commission makes a series of welcome energy pricing reform recommendations, and one that is bound to spark plenty of push-back.
The post Energy market rule maker wants to kill “loyalty tax” on consumers – and to hike fixed network charges appeared first on Renew Economy.
Tuesday’s interest rate decision saw the RBA leave the official cash rate on hold at 3.60%. In its media statement accompanying the decision, the RBA noted that the recent rise in CPI inflation had been partly driven by temporary factors, though the extent was uncertain. The RBA also noted that Australia’s labour market remains “a
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Last week the Pentagon, under “War Secretary” Pete Hegseth, carried out yet another military attack on a boat in the high seas that the Administration claims is smuggling drugs. That makes 23 boats blown up by the US military in the waters off Latin America – most near Venezuela – and nearly 100 persons killed.
The Hegseth Killings Must Stop
There is an EU document in which it is stated there “is a problem with the financing of Ukraine”. No shit. The real problem actually comes with a new lack of confidence from EU member states in this “financing” following recent unconfirmed reports that Donald Trump has told the EU in blunt terms that they can’t dip into the supposed 300 bn USD in Russian “frozen” assets held by the West.
US negotiators have given Ukrainian leader Vladimir Zelensky days to respond to a peace proposal requiring Kiev to accept territorial losses to Russia in exchange for unspecified security guarantees, the Financial Times reported on Tuesday, citing officials familiar with the matter.
So, the endless summer of disruption continues. I’ve written precisely nothing this week. Today I decided fuck it, I’m going to achieve something. So I bought two flat chickens. And now I’m going to barbecue them.
If this comes off it will be the most significant thing I have achieved in about 6 weeks.
The latest Chinese inflation numbers were slightly higher than expected which has seen the potential for a BOC RRR cut next year move lower, also pushing mainland shares down as well. All other Asian markets are in the red as well with the risk complex awaiting tonight’s FOMC meeting to see what is in store
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