The US is one big grift these days: the Trump Administration, traditional and social media, corporations, crypto, financial markets are all selling some kind of spurious promise. It’s hard to pick the most egregious example. But for me, it’s hard to go past Tesla. Having lost its dominant position in the electric car market, the company ought to be on the edge of delisting. Instead, its current market capitalisation is $US1.33 trillion ($A 2 trillion).
So much for the consumer recovery. Last week’s Roy Morgan consumer confidence number lifted slightly, but since the RBA held, it has wiped out over a year of gains. The Westpac alternative consumer sentiment measure mysteriously jumped hugely last month. But get ready for the great retracement as its credit card tracker pulls the handbrake.
Earlier this week, the American people were “reliably” informed by the left-wing press that the full grand jury that indicted disgraced former FBI Director James Comey did not see the final indictment.
The 12 months ending 31 October were volatile. But, after all was said and done, our international fund finished up 25%, our Australian fund finished up over 10%. Our tactical growth finished up around 15%. All of our funds look attractive relative to their benchmarks, especially as they were all significantly less volatile than the
What the governments of the Global North don’t care about, they don’t measure.
By George Monbiot, published in the Guardian 21st November 2025
International Reading: Top Economist Warns Trump Tariffs Effectively Impose Tax Rate On Low-Income Households That Is Triple Of High-Income Ones – Bezinga ‘China was playing chess while the rest of us were playing checkers’: Bombshell study finds $200 billion of secret loans to U.S. businesses over 25 years – Fortune Low-income Americans being priced out
Ukrainian opposition MP Aleksey Goncharenko has published the text of a purported peace plan reportedly presented to Kiev by the US administration this week.
Not quite a bath of blood on Asian equity markets today but it has been a pretty broad selloff in response to the volatility on Wall Street overnight. Currency land was more sanguine with even the Japanese Yen relatively stable amid a new big stimulus package announced by the Japanese government while local shares hit