Recent job advertisements and vacancy data, presented below by Shane Oliver from AMP, suggest that Australia’s labour market is gradually softening. Last week’s Q3 wage data from the Australian Bureau of Statistics (ABS) also struck a soft tone, with private sector wage growth falling sharply, partly offset by strength in public sector wages: SEEK has
When looking at a chart of U.S. household debt, one can’t help but be struck at how well American households have managed the post-Global Financial Crisis era. In December 2007, the point at which the U.S. National Bureau of Economic Research began the ‘Great Recession’, total household debt to GDP stood at 100.2% of GDP.
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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.