There are many reasons a RIO takeover of GLEN is not a bad idea. One is largely a producer; the other, largely a trader. Together, they form a vertically integrated monster that can gouge China to death. Their suites of reserves match nicely, too. RIO is big in iron ore and aluminium, GLEN in coal
If it tries, it will fail. But will it try? From Goldman: Qiushi article on the property market: On January 1, Qiushi magazine (the official theoretical journal of the Chinese Communist Party) published an article titled “Improve and Stabilize Expectations in the Property Market,” which emphasized the importance of the real estate sector in the
Since late December 2025, there have been widespread protests throughout Iran, which were first triggered by the country’s economic woes, including skyrocketing inflation and a catastrophic currency crash. Protests have more recently evolved into larger anti-regime demonstrations. Media reports more than 500 fatalities in protests and more than 10k arrests. The government has severely restricted
When the ABS released the previous installment of its Household Spending Indicator (which has replaced its retail sales index) last month, the data was further fuel for the narrative that the next move in interest rates would be up. The data revealed that October held the highest month on month growth in nominal household spending
It no longer matters where you live in Australia. Whether you’re a young person enjoying the beach in Sydney, the machetes in Melbourne, the boredom in Adelaide, the terrible driving in Perth, or any paddock in between, you can forget about owning your own home. The latest Cotality affordability report, out late last year, is
Shortly after the capture of Venezuelan President Nicholas Maduro, U.S. President Donald Trump held a press conference announcing that the U.S. would effectively “run” Venezuela. “We’re going to be running it with a group, and we’re going to make sure it’s run properly,” Trump said. Trump went on to add that the U.S. would be
The US AI jobpocalypse took a breather on Friday night. Although job growth remains anaemic, labour market indicators were better for those who fear AI fallout. Youth unemployment fell to 10.4%. Moreover, the Challenger layoffs series recorded the lowest number of sackings in several years, with year-on-year declines of less than half. Layoffs attributed to
With the release of the latest poll from DemosAU, one of the Coalition’s worst fears has been realised: they are now neck and neck with One Nation in the primary vote. According to DemosAU, the Coalition gained 23% of the primary vote, along with One Nation, while Labor received 29% and the Greens 12%. Both
The burning of the books, along with the rounding up of all intellectuals and historians, are two of the prerequisites for any takeover of a liberal political economy by a tyrant. As any good despot knows, you can’t have the people informed about the context if you want to have them rounded up. Australian writers’
Friday night was a tale of two jobs reports – Canadian and American – with the latter NFP print coming in weak again although the headline unemployment number fell, giving USD a boost eventually after a volatile session. All the action was really in precious metals and commodities as geopolitical risk hots up across Iran