S&P Global has advised the Victorian government that its credit rating will not be downgraded from ‘AA’, as it has been assured by the government that it will “control operating costs ahead of the 2026 election, deliver promised cost savings, and slow growth in debt”. However, S&P noted that the Victorian government’s financial management has
While most of Labor is lost on Planet Gaza, Jenny George is focused on what matters. From The Australian: The government’s review of gas markets is timely as the interaction of our domestic and export markets is dysfunctional. LNG is exported without regard for our domestic needs. We’re the second-largest exporter of LNG, yet facing domestic gas
Goldman with the note. For much of the week, our Dollar views were on the wrong side of market moves, but the substantial revisions to the employment situation should, in turn, revise the emerging narrative that the FX reaction to tariffs has changed again. On the tariff narrative, we see three key aspects to our
Well that was an interesting Friday night with the much anticipated non-farm payroll AKA US unemployment print shocking to the downside, with further revisions to prior month prints finally revealing the impact of the Trump regime’s tariff on the domestic economy. Coupled with the passing of the August 1st tariff “deadline” and King Trump spitting
I believe that the video-sharing platform YouTube is one of the greatest educational tools available. I use YouTube daily to solve a variety of problems and learn information. My 14 year-old daughter has used YouTube ‘How-to’ videos to learn arts and crafts, solve maths problems, fix her phone and computer, learn about history, learn how
Prominent Sydney real estate agent and auctioneer Tom Panos believes that Australia is moving into a “seller’s market” following a series of highly successful auction weekends. “We’re definitely moving towards a sellers market”, Panos said in his weekend market wrap on YouTube. “It’s not quite there yet, but when you’re getting 100% out of 100,
DXY is a flamed-out rocket. AUD chaos! AUD big short still intact. Lead boots into the pit. Gold up, oil down. Metals mixed. Mining big bear plods on. EM bust. Junk down, yields down, growth no bueno. Stocks smashed. ISM was soft. US jobs and PCE were a bad combination Thursday and Friday. PCE was
At the end of 2024, CoreLogic (now Cotality) reported that Australia’s housing affordability—both to purchase and rent—was the worst on record, as illustrated by the graphic below. Home prices relative to incomes, the percentage of income required to service a mortgage, the number of years taken to save a deposit, and the percentage of income
International Reading: Beginning tomorrow, Trump Tariffs Will Affect Nearly 75 Percent of US Food Imports. – Tax Foundation How Trump’s tariffs could affect your grocery bill – The Hill Trump Ends Tariff Exemption For Small Packages – Wired Bessent: Trump Has ‘Backdoor to Privatizing Social Security’ – Mediaite The US Will Be the Biggest Loser
After experiencing one of the biggest booms during the pandemic, New Zealand home values have crashed back to 2019 levels. As illustrated below by Justin Fabo from Antipodean Macro, this decline in home values, combined with falling mortgage rates, has drastically improved housing affordability: It is not just home prices that have crashed but construction