God save me from the ABC + Grattan Institute corruption nexus. I have written extensively about how the ABC quotes former gas executive Tony Wood without ever mentioning the Grattan Institute’s huge conflict of interest in its sponsorship from Origin Energy. This has turned the ABC into a near cypher of gas cartel propaganda. But
Watch credit for the bottom. It will tell you when we are getting to the kind of economic accident that the Trump administration seems to want. Morgan Stanley. This week’s tariff announcements were more hawkish than expectations and raise recession risks, unless met by negotiations in the very near term. We expect no cuts from
Of all the commodities, iron ore has so far held up the best post-tariffs. This appears to be a function of the long-established Pavlovian response that economic shocks equal more construction stimulus and iron ore demand in China. But is that the case this time? China has never successfully weathered a recessionary economic shock without
Albo has gone for household batteries. The Australian. Taxpayers will contribute $4000 for an average household battery installation under a $2.3 billion election commitment by Anthony Albanese, with Labor promising the policy will push electricity prices down for “everyone”. The Prime Minister will on Sunday make a speech in the Brisbane electorate of Griffith and
Last week, the ABC published the following table showing Australia’s most valuable goods exports: Since Australia doesn’t manufacture much anymore, mining, energy, and agricultural goods comprise virtually all of Australia’s goods exports. All of these exports are produced in regional Australia, not the capital cities. The only services exports of note are education and tourism-related.
The panic is on. “Economists” are backflipping on interest rates. Hoocoodanode? The poll found 29 out of 40 economists forecast the cash rate to fall by a quarter of a percentage point to 3.85 per cent in May. ANZ, Barrenjoey, and HSBC brought forward their timing after the US president unveiled aggressive tariffs on trading
Blood in the streets. The Market Ear. $5 trillion gone The S&P 500 saw its worst two-day plunge since March 2020 in a sellof that slashed over $5 trillion in value. Source: Econovis 2nd worst ever The Nasdaq Composite is now down 19% year-to-date for its 2nd worst start to a year (through 64 trading
The bath of blood on risk markets continues to spill over with Wall Street falling 6% across the board on Friday night with more carnage expected here on the open of the new trading week in Asia. The latest US jobs figures came in better than expected but were roundly ignored as everything but the
The Federal Chamber of Automotive Industries (FCAI) released new car sales data for March, which revealed that 108,606 new cars were delivered during the month, and a total of 1,206,558 were delivered over the year. Annual new car sales declined by 0.9% over the year, with the market continuing to trend downward since peaking in
A Dutton-led Coalition government would ‘slash’ international student numbers by around 25% if elected. Speaking in the outer suburbs of Melbourne on Sunday morning, Peter Dutton said that the international student intakes at universities and VET would be cut by 80,000 under the Coalition, which he said would free up housing and ease the rental