It may be that we don’t need China to bully us into an Albo tyranny. The Coalition is doing it all by itself. After an acrimonious partyroom meeting in Canberra last week, a disenchanted Liberal MP mused that if seven of his colleagues defected to the Nationals the balance of power within the Coalition would
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The Market Ear with more. Soon Momentum in gold is beyond impressive. As we have been pointing out for weeks now, the current break out has a lot of similarities to the break out we saw earlier this year. That move saw gold gain some 28% before we paused. Apply the same “logic” to the
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I wrote a rant a while ago about how the Russian invasion of Ukraine has developed into a very different war with drones of various types forming a huge part of the Ukrainian arsenal. This was by way of introduction to a story about the development of unmanned underwater vehicles, one of which will be entering service with the Royal Australian Navy in early 20261.
It is an easy and appropriate target. Origin Energy chief executive Frank Calabria has declared Australia’s energy market is “no longer working” to deliver affordable, reliable power capable of facilitating the transition to renewables, and sought urgent reforms, including limiting Santos-backed GLNG’s ability to buy gas from the domestic market. Mr Calabria said governments must
The explosion of artificial intelligence has triggered one of the largest capital expenditure booms in history. Trillions of dollars are being poured into building and upgrading data centres, which now sit at the heart of the global economy. The explosive growth of data centres has added significantly to global electricity demand. Global electricity demand could
A surge in Australia’s unemployment rate is the one factor that could force the Reserve Bank of Australia (RBA) to cut rates sooner and deeper. The latest Statement of Monetary Policy from the RBA forecast that Australia’s unemployment rate would peak at only 4.3% and remain at this level until late 2027. However, Thursday’s labour
Chinese inflation remains bogged. The CPI fell MoM and is going nowhere YoY. PPI is similar. As anti-involution weighs on domestic demand, I expect prices to keep falling. The real problem is unresolved. The black hole of real estate. Golden Week needs to be renamed something less auspicious. New property sales are down again for
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While there are an increasing number of issues where the views and sensibilities of the public are entirely at odds with those of the political class, one issue arguably stands out where the perspectives of politicians and the electorate are in two entirely different postcodes: immigration. For the longest time, the immigration debate was an
Australia has the second-largest concentration of international students in the world, behind the tiny nation of Luxembourg. Temporary visa data from the Department of Home Affairs shows that student and graduate visa holders comprised 3% of Australia’s population—almost one in 30 people—in the June quarter of 2025. This was up from 2.6% at the pre-pandemic
