Last week, I reported on the latest annual national accounts from the Australian Bureau of Statistics (ABS), which showed that the total value of residential land in Australia increased by 7.0% during the 2024-25 financial year to a record $8.3 trillion. The next chart shows that total residential land values in Australia have skyrocketed from
On Monday, the charity Oxfam published a report on the growth of social inequality in the United States, titled “Unequal: The Rise of a New American Oligarchy.”
I think I was eating a sandwich… No. No, it was a wrap. That’s right. I had some leftover rice and maple-baked salmon, and I decided to heat that up for lunch. And thus, for the forty-second year in a row, I missed the Melbourne Cup.
Normally I do it on purpose, because I’m weird. (I missed it when I was 19 and felt quite special, so I kept on missing it, each year, on purpose. But this year, I just forgot it was on.
Can confirm the tradies working on my roof didn’t stop either. They just kept bashing away at the job, for which I’m grateful.
Not much action on Asian markets in today’s session with local markets pivoting on the RBA meeting where as expected the boffins of Martin Place held fire again and put out most chances of further rate cuts in the future. This stabilised the Australian dollar somewhat, in comparison to other undollars which are seeing some
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Following last week’s CPI inflation shocker, financial markets abandoned hopes of further rate cuts. As expected, the Reserve Bank of Australia (RBA) chose to hold the official cash rate steady at 3.60%, with its commentary turning hawkish. The Bank’s statement noted that “inflation has picked up”, with the 1.0% trimmed mean inflation print of 1.0%
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DXY has a juicy double bottom and is threatening to break out. AUD is under pressure. CNY too. Oil and gold are becalmed. The rising DXY is pressuring metals. Big miners ouch! EM is OK but will struggle if DXY rises. Junk is sending out a warning. Yields are still threatening to back up. Stocks
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Last week, the Australian Bureau of Statistics (ABS) reported that the policy-relevant trimmed mean inflation surged by 1.0% in the September quarter to be 3.0% higher year-on-year—the top of the Reserve Bank of Australia’s (RBA) target band. Inflation pressures were broad-based, with the share of CPI items growing above 3% rising to 50% in Q3, up
The Market Ear with more. Weird market The S&P has stayed above its 50-day moving average for 128 straight days — one of the longest streaks ever, but at the same time more stocks are hitting 52-week lows than highs. Source: GS S&P Streaking We made it past the 5-months-in-a-row mark (which has been a
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Goldman with the note. Government Shutdown: Much Closer to the End Than to the Beginning2 The partial shutdown of the federal government looks likely to last longer than any prior shutdown, mainly because there is little political pressure to end it. A greater share of the public holds Republicans and President Trump responsible for the