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Young Australians sacrificed at the economic alter

August 12, 2024 - 07:00 -- Admin

Young Australians have been sacrificed at the economic altar. Home ownership rates among young Australians have collapsed, extinguishing the Australian dream: The growing share of young Australians stuck in the rental market have then been hit by extreme rental inflation, driving up their cost of living: Young Australians who attend university are paying more than

New housing minister, same old lies

August 12, 2024 - 00:10 -- Admin

Senior Labor minister Clare O’Neil once proclaimed that “truckloads” of immigration is the solution to many of Australia’s challenges: “Immigration has been the special sauce in our national history”. “We have never, in post-colonial Australia, met any national challenge or done anything economically viable without truckloads of it”. O’Neil delivered on this belief as Home Affairs

Iron ore primed to crash

August 12, 2024 - 00:05 -- Admin

Qingdao iron ore fell a little to $95.82. SGX and Dalian were weak overnight. Last week, we passed some tipping point for steel. Chinese exports have stalled and with them HRC demand: Both rebar and HRC futures are in free fall: The weakness has crushed steel margins: So, steel output is tanking: Iron ore destocking

Australia engulfed in international student lies

August 11, 2024 - 10:09 -- Admin

In this weekend’s Treasury of Common Sense on Radio 2GB, I discussed the latest furore between RBA governor Michele Bullock and the federal government over inflation. I also discussed the lies and obfuscation permeating Australia’s international education “industry”. Below are highlights of the discussion around international students. Edited Transcript: One of the biggest drivers of

Australian dollar not out of the woods

August 11, 2024 - 07:55 -- Admin

DXY firmed Friday night: AUD faded: North Asia was strong: Oil too: Dead dirt bounce: Miners too: Schitzoid EM: Junk is trying to base: Yields rolled: Stocks meh: Goldman says the DXY falls are overdone: Recent Dollar depreciation is understandable given the shifting recession odds in the US, building evidence that restrictive policy has helped

Macro Afternoon

August 9, 2024 - 16:30 -- Admin

Asian share markets are having some good positive sessions to end a quite volatile trading week but other risk markets also reducing in volatility again today. Yen is weakening again to alleviate some pressure on Japanese equities but could be shortlived as the Australian dollar also fails to get back above the 66 cent level.

Keating demands Chinese takeover of Australia

August 9, 2024 - 13:30 -- Admin

He’s the orator of the century: Former Labor prime minister Paul Keating has lashed out at the current government, once again criticising the endlessly-debated AUKUS defence pact. Appearing on the ABC’s 7.30 program last night, Keating called the Albanese government a “sellout”, declaring: “In defence and foreign policy, this is not a Labor government. This is a party which

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