International Reading: Tesla shareholders approve Elon Musk’s $1 trillion pay package – CNN ‘As Ugly and Cruel As It Gets’: Trump Fights Order to Fully Fund November SNAP Benefits – Common Dreams The US national debt has just passed $38 trillion — and economists say they might never recover – News.com Tariff refunds are now
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Asian equities are not doing well as markets start agitate over AI amid tonight’s looming US jobs report with the recent strength in the USD about to be tested. Continued volatility over trade wars amid the challenge to the Trump regime’s tariffs in the US Supreme Court are not helping either. The Australian dollar remains
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As conservative commentator David Frum said several years ago: “If conservatives become convinced that they can not win democratically, they will not abandon conservatism. They will reject democracy”1.
Free solar, nuclear cost blowouts, and “deadly negligence” on climate: A heady mix for the Coalition
When the Luxon government came to power in late 2023, it came with a promise to reinstate negative gearing as it previously was and reduce the holding period required for an investment property to be sold tax-free. Under the Ardern government, the duration an investor was required to hold a property for the gains to
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Australians have suffered the deepest decline in real wages in recorded history. As of the June quarter of 2025, Australian real wages were tracking 6.0% below their June 2020 peak, at roughly the same level as December 2011. The Reserve Bank of Australia (RBA) released its Statement of Monetary Policy (SoMP) this week, which contains
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The US jobs market is being buffeted by a number of forces. reduced government spending; tarrif shocks to margins recouped through labour efficiencies; investment uncertainty owing to the orange madman; and AI. The BLS labour market data is still down, but Revelio has a decent correlation with the NFP (roughly 0.75%), and it just printed
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The Reserve Bank of Australia (RBA) released its Statement of Monetary Policy (SoMP) this week, which revised its medium-term unemployment rate forecast to 4.4%, up from 4.3%. As illustrated below by Alex Joiner from IFM Investors, the RBA’s unemployment rate forecast to the end of 2027 is below the current unemployment rate of 4.5%: Thus,