In the early last decade, the federal Labor government made the fateful decision to approve the export of liquified natural gas (LNG) out of Queensland without requiring gas companies to supply Australians first. Then Federal Resources Minister under the Gillard/Rudd Labor governments, Gary Gray, claimed that domestic gas reservation policies create uncertainty and deter investment,
They are pouring in now. We now see the RBA easing more quickly through mid-2025 taking the cash rate to 2.6% by February. We expect the RBA to cut by 50bps in May, followed by 25bps in July, August, November and February. Headwinds from the global environment have intensified, but error bounds around our forecast
Great ideas, these. Peter Dutton would funnel 80 per cent of commodity revenue windfalls into two new Future Fund vehicles to pay down the nation’s $1.2 trillion debt bill and bankroll investments in regional Australia, as the Coalition ramps up its attacks on Labor’s big-spending budget and deficits. The Opposition Leader on Thursday will unveil
In the report below, Luke Yeaman, Chief Economist at CBA, examines whether the era of globalisation over. Trump, Tariffs and Trade: A Different Kind of Wall The era of trade liberalisation, free market reforms, deregulation and fiscal discipline (the Washington Consensus) is officially dead and buried. In a few weeks, President Trump has reversed a
The Market Ear on the crash up. Huge in SPX SPX futures rate of change (1day). Refinitiv NASDAQ’s upside force NASDAQ futures rate of change (1day) for the history books. Refinitiv Upside force NASDAQ surging post the latest Trump news. Note futures are trading above the 8 day moving average. 21 day around 19500, right
Treasurer Jim Chalmers reportedly held an emergency meeting with Reserve Bank of Australia (RBA) governor Michele Bullock, suggesting deep interest rate cuts are likely. Some economists now expect the RBA to deliver the most aggressive interest rate cuts since the Global Financial Crisis in 2008. Futures markets are now tipping five rate cuts over the
Another fun night on risk markets as Trump folded on his tariff tirade with a 90 day stay of execution – except for China and everyone still gets a 10% hit irregardless of surplus/deficit/other vagaries – so of course the short covering was epic with Wall Street lifting 10% or more after the Royal Twit
DXY was stable. AUD through the roof. Concrete boots now. Oil and gold rally. Copper is the loon metal. Others dour. Big miners stuffed. EM pumped. Credit stress gone. But yields up. Stocks to the moon! All markets are now the plaything of the Orange Madman. Bloomberg. President Donald Trump announced a 90-day pause on
Realestate.com.au published an interesting article on how the Victorian government’s increases in taxes on investment property have landlords “under siege” amid falling rents: The report pointed to PropTrack research showing that median weekly rents declined or remained flat in more than 30 Melbourne suburbs in the year to February, meaning investors could be losing money
The number is 104, or approx. 10 more points than the average IQ in the White House but it will rattle markets around the world as the 104% tariffs on China from the Trump regime take effect, but this looks to be just another blip in the blooming trade war that has no end. S&P