Dancing, dancing, dancing! There is no stopping the iron-ore-crazy man. Except for one small problem. Steel mill margins are being obliterated. These developments will weaken the start of 2026 steel production, especially because steel product inventories are higher than last year. And there is another problem. The iron-ore-crazy man is dancing on top of the
Robber Fly with catch Photo courtesy of Geoff McVeigh Reads (more coming) Why is Trump interested in Greenland? Look to the thawing Arctic ice – The Guardian Here’s why Labour is struggling to deliver: the British state is immense, but pull the levers and nothing happens – The Guardian The Bondi
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Je vois des peuples infortunés gémissants sous un joug de fer, le genre humain écrasé par une poignée d’oppresseurs, une foule affamée, accablée de peine et de faim, dont le riche boit en paix le sang et les larmes, et partout le fort armé contre le faible du redoutable pouvoir des lois...
Jean-Jacques Rousseau
Former US Secretary of State and CIA Director Mike Pompeo seems irked that the Ukraine conflict could end without Russia groveling and handing over concessions on a silver platter.
The Australian government remains silent on Israel banning 37 international aid organisations in Gaza, despite warnings from humanitarian groups. Stephanie Tran reports.
Asian share markets are generally higher in the final session of the week however are hedging what will come later tonight with the expected US Supreme Court ruling on the Trump regime’s tariffs and the post-government shutdown employment print – aka the NFP. News that Trump wants to make his own QE by purchasing $200
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The Aussie trade balance for November was out yesterday and shows one great, big trend: a disappearing trade surplus. Some of this was always going to happen as the post-Ukraine War commodities mania subsided. I expect we’ll be running a deficit by year’s end as iron ore and energy continue to fall, despite gold. There
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Calculated Risk sums the data. On Friday at 8:30 AM ET, the BLS will release the employment report for December. The consensus is for 55,000 jobs added, and for the unemployment rate to decrease to 4.5%. There were 64,000 jobs added in November, and the unemployment rate was at 4.6%. From Goldman Sachs: We forecast that
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Charts from TME. SPX is caught in a bearish rising wedge, tough it could also be seen as a bullsh asending triangle. Tech is more neutral and could go either way from a symmetrical triangle. The NY rotation has been from tech to the broader market, or, put another way, from AI spenders to AI
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As of the latest building approvals data from the ABS, in the last 12 months, 111,500 detached houses were approved for construction. This result comes with both good news and bad news. The good news is that the figure for detached house approvals is up by 6,800 homes from the lows seen in December 2023.
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In an article published in the Swiss Military Journal, Swiss officer Pascal Koller slanders Jacques Baud in the most despicable manner. We prove that he is lying and show that criminal charges are the only way to put this petty criminal in his place. Is he being protected by the Swiss army leadership or is he acting alone?
As expected, nothing of substance will be discussed beyond tightening a police cordon around your life and opinions. Tackling antisemitism by investigating the nature and prevalence of antisemitism in institutions and society, and its key drivers in Australia, including ideologically and religiously motivated extremism and radicalisation. Making recommendations that will assist law enforcement, border control,
After a stupid statement by the silly old fart Bob Katter stating that every school should have an armoury in which each child could store their rifles, I wrote a piece about him and the reason he was so keen to sell more guns to Australians. That reason was that his son-in-law owns a large supplier of arms, ammunition and accessories1. Ever the spiv.
The fatal shooting of a woman in Minneapolis, Minnesota, by an ICE agent was a “tragedy of her own making,” US Vice President J.D. Vance has said, throwing his full support behind the agency.
Analysts are beginning to assess the implications of the Trump administration’s toppling of the Maduro government in Venezuela, not only for the Americas but also for the world. In 2024, Venezuela exported around 1 million barrels of oil per day. In January 2025, a little under half of that, around 390,000 barrels per day, was
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