The Reserve Bank of New Zealand has cut the official cash rate (OCR) by 2.5% since July 2024, taking the OCR down to 3.0% from a peak of 5.5%. The Reserve Bank has slashed rates so aggressively due to the pervasive weakness of the New Zealand economy. In particular, New Zealand’s labour market has suffered
Who would have thought a few years ago that the racist Guardian would be the leading purveyor of propaganda in the national media? Patrick Commins is a journalist journeyman happy to write anything for any paper’s point of view, and today he has committed spectacular hara-kiri for the racist Guardian. In an ageing society with
The Market Ear on this mightiest of bubbles. King AI “The 30 or so AI stocks in S&P 500 have a combined 43% of market cap. Even more compelling, these names have driven almost all of the returns and most of earnings growth since ChatGPT / Nov 2022”. Source: JPM Pulse on AI “…it couldn’t
Recall that Prime Minister Anthony Albanese told ABC’s Q&A in February that Labor would cut immigration and relieve pressure on the rental market by reducing the number of student visas, which he said were being “abused”. “On immigration, particularly when it comes to housing, three quick points. One is that the biggest thing that you
The ferrous complex is as crazy as usual. With blast furnaces resuming after the warmongering parade, we should expect HRC prices to keep falling with rebar. Steel mill margins are collapsing here, and iron ore is the culprit. Goldman has scuttlebutt. China lead has been increasingly irrelevant, lots of trips up there post results so
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