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Money for the Masses: Superannuation and the Australian economy

June 23, 2024 - 12:19 -- Admin

  In this money for the Masses podcast Deep T talks through the relationship of superannuation in relation to a societal divide, as well as its relationship with inflation, housing costs, monopolies or oligopolies, and the investment choices made by the superannuation system.  The discussions detours off pretty much from the outset for a look

Iron ore falls relentless

June 23, 2024 - 09:45 -- Admin

Steel and iron ore continue to fall: Steel scrap is breaking down now too: Dalian was weak and fell further overnight: Coking coal is even worse: Scuttlebutt is still negative: “It’s mainly the various market talks of steel production cut that weighed down iron ore prices this week,” said Pei Hao, an analyst at the

Macro Afternoon

June 21, 2024 - 16:30 -- Admin

The latest Japanese CPI print was the highlight of the last trading session in Asia with a slightly softer than expected print still seeing Yen extend its losses to multi decade lows. Volatility is expected on Wall Street tonight due to timing issues with futures so watch out for a potentially mixed return over the

This is the recession we had to have

June 21, 2024 - 14:00 -- Admin

On Thursday, Statistics New Zealand released national accounts data for the March quarter, which showed that the economy emerged from a technical recession, growing by 0.2%. However, owing to New Zealand’s historically high population growth (immigration), GDP in per capita terms fell by 0.3%—the sixth consecutive quarterly decline. This meant that New Zealand’s per capita

Welcome to the decade of deficits

June 21, 2024 - 13:00 -- Admin

Earlier this week, Justin Fabo at Antipodean Macro published the below chart showing how Australia’s consolidated budget deficits will remain in deficit for as long as the eye can see, driven by the state governments: On Wednesday, Michael Read at The AFR reported analysis from ratings agency S&P Global showing that Australia’s state governments are