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Australia has no manufacturing future

February 10, 2025 - 00:05 -- Admin

Australia’s manufacturing sector has shrunk to just over 5% of GDP, the lowest share in the OECD. Late last month, federal Minister for Industry and Science Ed Husic spruiked Labor’s Future Made In Australia policy to boost local manufacturing. “In Labor’s first term in office, the policies have come thick and fast: the $15 billion

Weekend Reading and Media Appearances

February 8, 2025 - 00:05 -- Admin

International Reading: Elon Musk Now Legally Banned from US Treasury Systems – MSM ‘Big money fraud’: Musk team reportedly gains access to Medicaid and Medicare computers – Raw Story Millions of federal workers face deadline today over whether to resign – CBS News Trump tariffs ‘made something snap in us’ – many Canadians see US

Macro Afternoon

February 7, 2025 - 16:30 -- Admin

Asian share markets are somewhat mixed with only Chinese shares really advancing as local markets dip into the red for the week on the back of a much stronger Australian dollar while Japanese shares are suffering despite some good domestic economic prints. Oil markets are slowly decelerating from their recent falls with Brent crude still

US jobs preview

February 7, 2025 - 13:30 -- Admin

I never bet on employment reports. It is too flaky. But here’s Goldman’s take on the NFP. We estimate nonfarm payrolls rose by 190k in January, above consensus of +170k … We assume that the Los Angeles wildfires and colder-than-usual weather will each subtract 20k from January job growth. … We estimate that the unemployment

Australians say “no” to EVs

February 7, 2025 - 11:40 -- Admin

According to the Federal Chamber of Automotive Industries (FCAI), only 86,804 new cars were delivered in January 2025, down 3.3% from the same month in 2024. FCAI Chief Executive Tony Weber noted that “sales of hybrids and plug-in hybrid vehicles continued to grow and now make up nearly one in five new sales, representing 17.1%

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