DXY is falling again. AUD launched. CNY is supportive. Japan is better but no cigar. Gold is good. AI metals, or should we call them Fed metals, jumped. The chosen one is back. EM lagging. Junk is green. Yields are green. Stocks are green. With the FOMC and RBA charging in apparently different directions, if
This week, Cotality released its housing affordability report for the September quarter of 2025, which reported abysmal affordability across the nation for both purchases and rent. In response, AMP chief economist Shane Oliver produced a report explaining how Australia’s mass immigration policy has eroded housing affordability by creating a structural imbalance between supply and demand.
A cracking CPI print has sent the Australian dollar soaring against USD while Asian equity markets have lifted strongly across the region. With the shortened trading week due to US Thanksgiving other risk markets are effectively in a holding pattern although oil prices continue to drip lower. Currency land continues to digest the growing possibility
Man, you can never say never in markets. From FT Alphaville. Remember about a month ago, when gold hit an all-time high, lots of commentators got on their hobby horses to huff about currency debasement? Then another set of commentators called nonsense on that idea, saying gold demand was probably just dollar avoidance plus momentum?
Each year, the Auditor‑General releases a report assessing Victoria’s consolidated financial statements. The Victorian Auditor‑General’s Report on the Annual Financial Report of the State of Victoria 2024–25 has been released amid the state facing record debt levels, the threat of further credit rating downgrades, ongoing industrial disputes (e.g., teachers and health workers), and scrutiny over
Between the growing leaks from within the Liberal Party on how Opposition Leader Sussan Ley’s leadership is terminal and the odds of bookies now showing Andrew Hastie as the odds-on favourite to be the next leader of the Coalition, Hastie’s ascension to the top job on the Australian right is increasingly seen to be a
Always follow the Fed. The Market Ear. Keep it simple… …follow the 10 year, but the US outlook is murkier than many think. Hatzius’ (GS) call for a Dec-10 rate cut lines up with softer alternative labor data showing the economy may be losing momentum. The slowdown may be necessary: once tariffs fade, tax cuts
The Australian Bureau of Statistics (ABS) has debuted its highly anticipated “complete” monthly consumer price index. This new monthly CPI indicator is a major upgrade—covering nearly the entire consumption basket, using richer data sources, and giving policymakers and the public a real-time view of inflation rather than waiting for quarterly updates. The results for October
My learned colleague, LVO, today argues that wind farms are environmentally destructive. He makes some excellent points about their ecological footprint in land-clearing practices. I would only counter by saying that most of Australia’s best wind resources are in pretty remote regions. This raises the question of whether the wind resources will remain sufficient given
Renew Economy reported on Andrew (Twiggy) Forrest’s 414-megawatt (MW) Uungula Wind Farm, which has begun pouring concrete foundations for 69 turbines: “Squadron—controlled by iron ore billionaire and green energy evangelist Andrew Forrest—revealed that 11 foundations had already been poured, with foundation anchor cages currently being assembled in preparation for reinforcing steel installation and further concrete