Yawn. China plans to start re-capitalizing three of its biggest banks in coming months, according to people familiar with the matter, following through on a broad stimulus package unveiled last year to shore up the struggling economy. Authorities are looking to inject at least 400 billion yuan ($55 billion) of fresh capital into the first
The latest annual state accounts from the Australian Bureau of Statistics (ABS) showed that Victoria’s per capita GDP declined by 1.2% in 2023-04, and it has only increased by 10.4% since the Global Financial Crisis (GFC) in 2008. This compared with a 1.0% national decline in per capita GDP in 2023-24 and a 14.5% gain
Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen check in on house price affordability for Australians after the recent interest rate cuts. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund, which is powered by Nucleus
Simon Kuestenmacher, dubbed the “Stats Guy”, is a well-known immigration shill. For years, he has spread propaganda to support Big Australia. Last year, Kuestenmacher claimed that Australia’s skills shortages will worsen unless net overseas migration remains at an historically high level. “Let’s start with a quick analysis of how important foreign-born workers are for each
In recent federal elections, Victoria has represented a stronghold for the Labor Party. The 2022 federal election saw Labor win 24 out of 39 Victorian seats and 54.83% of the two-party preferred vote. However, in the upcoming election, Victoria is shaping up as a problem state for the Albanese government. Poll Bludger shows a 5.4%
The ferrous complex has come off a little but it is still enjoying favorable Q1 dynamics. CISA mid-February output climbed in a typical fashion. MySteel has output below last year, but CISA is more reliable, and is a little above. The Pilbara killer cometh on time. The British-Australian mining concern Rio Tinto sees opportunities to
I was interviewed by Luke Grant at Radio 2GB/4BC, where I broke down the immense failure of the East Coast energy market, especially pertaining to gas. Below is an outline of the themes discussed. The federal government made the dire mistake of approving export gas terminals out of Gladstone more than a decade ago without
As we know, three Chinese dinghies have taken a pleasure cruise down the east of Australia. In doing so, they cannot, surely, have anticipated such wild success. The hilarity of Australia’s vulnerability to Chinese gunboat coercion grows with each passing minute. One of the cockles can be, and maybe, equipped with nuclear-armed HN missiles. These
DXY is trending down. EUR up. AUD has flamed out. Lead boots are going nowhere. Oil has priced the end of the war, gold has not. Copper has caught Goldman disease. Big miners are the dogs of dogs. Or maybe that is EM. Or junk! The growth scare is working on yields. Still not enough
Wall Street finally stopped flailing around while European stocks pushed higher despite more Trump Tariffs, as the EU gets caught in the crosshairs of Putin’s Puppet. While the Canadian/Mexican tariffs are being postponed to April, the EU is going to get hit with a 25% round, possibly sooner particularly on cars and other manufactured goods.