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Posh Teal MP gaslights on housing, environment

April 17, 2025 - 11:30 -- Admin

Is there a bigger gaslighter in Australian politics than Teals MP for Wentworth, Allegra Spender? The self-styled climate crusader inherited a luxury Woollahra mega-mansion worth tens of millions of dollars: She has also owns a lovely weekender at Pittwater: Spender regularly sheds crocodile tears about Sydney’s housing crisis while simultaneously promoting endless mass immigration. Allegra Spender

Skyscraper Index portends the end for Hellbourne

April 17, 2025 - 11:00 -- Admin

Hellbourne is Australia’s first version of Mega-City One. The sprawling helltropolis of the Judge Dredd comics describes a crush-loaded future of base humanity, scrambling over one another like spifire grubs for survival. Twenty years ago, Melbourne was a cheap and thriving creative center with excess infrastructure, booming multicultural success and a lifestyle to burn. Today,

Victorians ‘snookered’ by ‘railway to nowhere’

April 17, 2025 - 10:30 -- Admin

It is sounding like Groundhog Day for Victorians. When Labor came to government in Victoria in 2014, it immediately cancelled the East-West Link project, which cost taxpayers $1.1 billion in compensation. Last year, Labor cancelled the Commonwealth Games, which cost Victorian taxpayers $600 million in compensation. Victorians face paying billions in compensation to cancel the

Australian dollar surges back to life

April 17, 2025 - 09:30 -- Admin

The Australian dollar has rallied strongly against the US dollar after hitting a two-year low following the announcement of President Trump’s “Liberation Day” tariffs. The Australian dollar has rebounded to 0.64 US cents, effectively returning to its pre-tariff announcement level. The rebound partly reflects weakness in the US dollar against all currencies as the Greenback

Macro Morning

April 17, 2025 - 09:00 -- Admin

Risk sentiment is now rolling over again as stock market volatility lifts higher mainly due to potential earning slumps on tech stocks aka NVIDIA due to the Trump regime’s tariff madness. The latest US retail sales figures (pre-tariff numbers) came in as expected and Fed Chair Powell tried to provide some hope through it all

Aussie housing construction stalls as migration rebounds

April 17, 2025 - 07:00 -- Admin

The Australian Bureau of Statistics (ABS) released quarterly data on dwelling commencements and completions, which badly missed the Albanese government’s housing targets. Only 41,900 dwellings commenced construction in Q4 2024, 18,100 (30%) fewer than Labor’s target, which requires 60,000 homes to be built every quarter. Only 168,050 dwellings commenced construction during the year to Q4

Net zero hangs by a thread

April 17, 2025 - 00:05 -- Admin

Last week, the Queensland government announced that it would repeal the state’s legislated renewable energy targets. They were set at 50% by 2030, rising to 80% by 2035. Energy Minister David Janetzki stated that the renewable energy targets were “always unachievable”. He added that the government is also likely to amend the state’s existing 2035

Macro Afternoon

April 16, 2025 - 16:30 -- Admin

Volatility in equity markets is ramping up after another round of Trump tariff nonsense against China while a miss or two amongst US tech stocks is not helping risk sentiment with S&P and Eurostoxx futures sharply down going into tonight’s session. The latest Chinese GDP figures helped stabilised mainland markets however moves are afoot in

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