Goldman has presented four possible scenarios for the oil market arising from the US attack on Iran’s nuclear facility: Scenario One, we stay in the present scenario where we do not have a meaningful or any loss of supply… I think in that situation we stay around these sort of levels because we are seeing some curtailment of
Oil prices will likely gap 20% higher this morning when markets open given the illegal attack on Iran by the Trump regime over the weekend, with equity futures indicating higher volatility as well. This will truly re-set risk markets across the board, with all eyes on US Treasuries for signs this conflagration could have an
The Q1 national accounts, released earlier this month, showed that the private sector economy remains locked in recession. Australia’s per capita GDP declined by 0.2% over the quarter, the ninth decline in 12 quarters. It was also the longest (but not deepest) decline in GDP per capita in modern recorded history. The decline in per
The ABS released its official population data for Q4 2024, which showed that both immigration and population growth continue to ease back from record highs. In Q4 2024, Australia’s population grew by 91,100, down from 121,600 in the same quarter the year before. Net overseas migration (NOM) of 68,000, down from 99,500 in Q4 2023,
US President Donald Trump has confirmed that the United States has bombed nuclear sites in Iran BBC Reuters Al Jazeera ABC Well, it is now on for young and old. We’ve been here before haven’t we…….. The world’s preeminent military power threatening a strike against a Middle Eastern nation known for fomenting trouble. The message
By Harry Ottley, Economist at CBA TheAustralian unemployment rate remained steady at 4.1% in May. Population growth in Australia continues to ease, with the annual rate down to 1.7% in Q4 24. News offshore was dominated by geopolitical events as Israel and Iran continued hostilities following initial Israeli strikes a week ago. The FOMC left
Cotality’s preliminary auction report revealed that the national clearance rate was 73.9% this weekend, which is the highest preliminary result since July 2024. Melbourne recorded a preliminary clearance rate of 76.6%, which is the highest since May 2023. Sydney’s clearance rate of 73.5% was the city’s highest since the week ending 23 February 2025, following
In this MacroBusiness podcast, Gunnamatta, banking insider Deep T, and Leith van Onselen unpack the latest productivity summit, Australia’s broken economic model, Australia’s energy policy failures, and other issues. Highlights: 0:00 Introduction 1:26 Why Australia’s productivity stinks 10:27 The economic Ponzi scheme 21:29 The economy is designed to fail 26:13 Australia should be the richest nation
International Reading: The RAND Corporation estimates that rich parasites have stolen $79 Trillion from workers and the public since 1975 – Rand Trump Attacks ‘American Disgrace’ Jerome Powell: ‘One of the Dumbest, and Most Destructive, People in Government’ – Mediate Social Security is on track to deplete its trust funds by 2034, one year sooner
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 …..and furthermore….. East listening
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