Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, looks at Oracle, where Larry Ellison is suddenly threatening Musk for the title of the world’s richest man and profits are looking like 10xing. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is
A new report from the Australian National University has found that while the annual migrant intake is capped at 185,000, there are far fewer skilled migrants from overseas coming into Australia than intended. The report shows that just 12% of places in the nation’s migration program are going to skilled workers; instead, many of these
Nobody is allowed to tell the truth about China, but I will. Its balance sheet recession is booming, and it has absolutely no way out of it. This means Chinese deflation is forever now. CPI spat lower. Despite roaring veggies. PPI has had a little bounce but it won’t last. It is all driven by
In recent years, the issue of fertility rates has become an increasingly vital issue, as more and more nations across the globe begin to confront fertility rates significantly below replacement levels. Ironically, the Howard government saw the demographic issues that could arise in time if Australia’s fertility rate were to remain significantly below replacement levels.
Jacob Greber has a long tradition of being a businessomics commentator rather than an objective journalist, but he outdid himself yesterday with a bald-faced piece of propaganda for the gas cartel. The piece represents objectivity, but it makes one crucial statement that renders it pure cartel guff. At four minutes, Greber says that Peter Dutton
True to form, Prime Minister Anthony Albanese took to Twitter (X) to declare that “Australia has one of the fastest growing economies”, “unemployment is down, real wages are up”, and “the private sector is continuing to drive economic growth”. It is worth investigating each of these claims. First, on Australia’s growth, Alex Joiner provided the
You can’t talk about it. You can’t protest against it. You can’t do anything about it. Woe betide anybody who questions it. Opposition Leader Sussan Ley has dumped Jacinta Nampijinpa Price from the frontbench after the controversial Northern Territory senator continued to resist calls to apologise for her remarks about Indian immigrants and refused to
Australia’s transition to renewable energy will be extremely expensive, raising power bills. The reasons are simple. Renewable energy sources are weather-dependent, resulting in intermittent power and low capacity factors. As a result, renewables require backup hydrocarbon generation and lots of expensive storage. They also require far greater network infrastructure to connect the distributed web of
The Reserve Bank of New Zealand has slashed the official cash rate by 2.5% since July 2024. As illustrated below by Justin Fabo from Antipodean Macro, the decline in New Zealand’s official cash rate has sent mortgage rates sharply lower: Historically, falling interest rates have been associated with rising home prices, as increased mortgage serviceability
Victoria’s finances are dire. The state has the nation’s lowest credit rating and the highest per capita debt. The major rating agencies have warned that unless Victoria gets its debt under control, it will face more ratings downgrades. Interest repayments on the state’s debt, already forecast to reach $10.6 billion annually by FY 2029, would