Over the last two and a half years, the Albanese government has embarked on a campaign that one former RBA economist characterises as artificially manipulating the headline Consumer Price Index through electricity subsidies. This has significantly suppressed the rate of headline inflation relative to where it would otherwise have been. Former Reserve Bank economist John
Last week, we learned that the US unemployment rate rose to a four-year high of 4.6% in November, beating analysts’ expectations of 4.5%. The result marked the fifth consecutive monthly increase in unemployment, which reached its highest level since 2021. Average monthly job creation since March declined to 35,000, down from 71,000 a year earlier.
Wall Street and other risk markets continue to drift into holiday mode as a Santa rally gets underway in precious metals while the USD continues to face endemic pressure. Yen continued to pullback after a big move on Friday while the Australian dollar finally made its way back above the 67 cent level following the
The post Macro Morning appeared first on MacroBusiness.
The air smells [stinks] of after Christmas
Decaying prawn shells and mouldy turkey breast
Ham rotting under the sun and a shower of rain
Stale bread, fruit-fly salad quietly abuzz from Jane
Extended families have gone back home to the west
Street-sleepers braseros have extinguished
This long joyous exuberant feast has just finished
Multiple Victorian government releases have explicitly described the Suburban Rail Loop (SRL) as “Australia’s largest housing and transport project”, because the rail line is expected to result in a massive housing‑led urban redevelopment program. The Victorian Government states that the SRL will “build 70,000 homes around six new stations” in the SRL East corridor. Additional
From the Market Ear: The vol smash All volatilities have been reset lately, but NASDAQ volatility remains way above year lows, VIX is close to year lows and Russell volatility, RVX, is practically at year lows. Seen VVIX? VIX is down, but VVIX has crashed lately. Soggy VIX The front VIX future keeps lagging its
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The governments and media elites of the West pride themselves on providing and promoting freedom of thought, opinion, and debate.
Washington, DC [US], December 23 (ANI): President Donald Trump said that it would be a "smart" move for Venezuelan President Nicolas Maduro to relinquish power, as the United States continues to ramp up military and economic pressure on the South American nation.
How to make ‘Iran like Gaza’ and describing the genocide in Palestine as a weapons testing laboratory. Michael West and Stephanie Tran with the inside story of a weapons expo.
Inside a conference hall at Tel Aviv University, executives, generals and venture capitalists took turns boasting about “combat-proven” Israeli weapons and surveillance systems.
The Australian has published fascinating data showing the extraordinary rise in home values this century. As illustrated below, house prices have soared by between 227% (Darwin) and 570% (Adelaide) over the past 25 years: Unit prices have experienced similarly explosive growth, rising by between 163% (Darwin) and 600% (Adelaide) over 25 years: Cotality’s latest housing
Asian share markets are generally still doing well as we head into the low volume Christmas period with local shares the standout on a somewhat dovish outlook from the RBA minutes released today. This has seen the Australian dollar continue its bounceback on a slightly weaker USD above the 66 cent level. Oil markets remain
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We're having a break to rest, reflect and reboot.
The post Season’s greetings, and thanks for your support: We’re having a break to rest, reflect and reboot! appeared first on Renew Economy.
Quick disclaimer. I run ethical funds. We let clients add or subtract ethical (and investment) themes from all our portfolios. But I’ve never been a fan of the industry. Seven years ago, I argued that the booming industry of ESG (Environmental, Social, and Governance) ratings was more akin to marketing magic than investment medicine. At the
A flurry of late orders has broken the wind investment drought in Australia, with global wind giants hoping for a further rebound in 2026 to help meet renewable targets.
The post “This has to change:” Flurry of late orders breaks wind drought and gives global turbine giants hope for 2026 appeared first on Renew Economy.