Victorians have experienced acute Stockholm Syndrome with respect to the state Labor government. Victoria’s nine-month lockdown during the Covid-19 outbreak was among the longest and most severe in the world. The state government’s incompetence in handling hotel quarantine and enforcement contributed to this situation. Victoria’s infrastructure projects have experienced massive cost overruns, and the government
DXY isn’t going away as Trump cancelled a Friday meeting with Tehran. Australian dollar fell but remains strong. CNY is supportive. JPY is about to become a problem again. Gold trying. Iranian oil lift. AI metals are in free fall. Miners don’t care. Jim Cramer is now recommending RIO. Look out below. EM toppy. Junk
Another uneasy night on risk markets with concerns mounting over the Iranian situation as talks collapse while Wall Street took another tumble on tech stock volatility. The USD came back against some of the majors, particularly Yen while a fall in commodities like copper and gold saw the Australian dollar lose ground to revert below
Following the Reserve Bank of Australia’s (RBA) decision to lift the official cash rate (OCR) by 25 bps on Tuesday, Treasurer Jim Chalmers was quick to place the blame on the private sector, rather than his own government’s policies. “The Board’s statement today does not mention government spending. It makes it very clear the pressure
Over the past several years, Australia’s real inflation-adjusted wages have experienced their largest decline in modern history. Between the June quarter of 2020 and the March quarter of 2023, Australian real wages declined by 7.4%, returning to levels not seen since the March quarter of 2009. Real wages have recovered somewhat since, rising by 1.1%
Asian share markets are in mixed mood after the poor showing on Wall Street overnight although some risk taking is occuring across other markets with Yen weakening while the Kiwi lifted despite a poor unemployment print. The Australian dollar is still lifting above the 70 cent level on the long expected RBA rate yesterday. Brent
29 of the 31 provinces on the Chinese mainland have released growth targets for 2026. Nineteen of the 29 provinces reduced their 2026 growth goals. This sets the stage for Beijing to follow suit and reduce the national real GDP growth objective from “around 5%” last year to “4.5-5.0%” for 2026. The structure of growth
Once mighty software is being devoured by AI. The problem is that when AI can be added to anything and everything, tailored to specific industries and even specific business needs, the broad-based software package with a big moat is history. Tech volatility is leading broader market volatility higher. There’s no panic but there’s no retreat,
Brisbane’s housing market has experienced one of its largest-ever price booms over the past five years. According to PropTrack, Brisbane dwelling values soared by 95.7% in the five years to January 2026: As a result, Brisbane has become the second most expensive housing market in the nation based on median values, behind Sydney: KPMG’s latest
Over the last cycle of immigration-led growth, inflation was endemically weak. This was thanks to two main factors. The 2013-2020 surge was driven by Chinese immigrants who brought substantial investment capital to new apartment blocks. The result was a massive build-out in rental stock, which drove down rents despite inflows of people. While many of