The new financial year is seeing some calm return to Asian share markets with Japanese bourses pulling back amid tariff dramas with the Trump regime, while Yen is firming on solid manufacturing data from both China and Japan as we await the US ISM print later tonight. Oil markets continue to steady after their recent
As we know, VIC is the worst-run state in Australia. This is strange given that there is no native industry left to drain talent from the government. But it is what it is. Lowest income growth. Highest debt. And unemployment. Worst business conditions. And, you guessed it, absurd population growth. But don’t get cocky, because
The Market Ear on stocks. Melt-up mode Will this market morph from a traditional bull to a proper melt-up? Yardeni weighs in: “So far, the current bull market looks like a normal one, with the potential to match the returns of some of the best bull markets since the mid-1960s. We are still targeting 6500
Judging by the PMIs, the notion that China is growing at 5% is preposterous. Industry is still shrinking. New orders managed to flop into the positive locally, but are exports are dropping. Services are slightly better but barely moving. With new orders going backwards. Construction is doing a bit better, but is not convincing, either.
On Monday, former Realestate.com.au Director of Economic Research and now independent property analyst Cameron Kusher posted on X (Twitter) that in his view the family home should be included in the pension assets test and that rather than older demographics being provided with additional incentives to downsize, “it’s time for the sticks rather than carrots”.
In a recent article in ‘The Economist’ it was argued that the rise in unemployment and decreasing wage growth was the result of cuts to immigration in nations such as Canada, Britain and the United States. “Having won elections promising to cut migration, politicians across the rich world will now have to deal with the
This is the worst government of my lifetime, and that is saying something. AFR. The Albanese government will consider establishing an east coast gas reservation but has ruled out imposing domestic supply conditions on existing projects. Energy and Climate Change Minister Chris Bowen on Monday confirmed a government review of the east coast gas market
For a while there, wage theft disappeared or diminished. Thanks to the demand for labour with the immigration scam shut down during COVID, workers were too scarce to treat them badly. But with the return of the mass-immigration-led economic model, wage theft is back. Fair Work is investigating Merivale following fresh claims the hospitality giant
DXY is falling, while Chinese PMIs are improving, but iron ore is moribund. Steel demand and production are both falling at the expected 2-3% rate. Canberra has finally discovered the Pilbara killer, via the Office of the Chief Economist: And downgraded prices accordingly. The outlook for world steel production has softened due to increased trade
Spaztralia is not a country; it is a domain of stupidity. It is run by the Prime Spaz, a spaz so hollow, he can go full spaz. Spaztralia has no strategic plan to protect its freedom. On the contrary, the Prime Spaz is dedicated to a humiliating grovel to Beijing, the world’s most egregious autocracy,