Goldman has an AI tracker series to add to the data mix. Adoption is accelerating fast for enterprises. White collar firms are leading the way. SMEs are not being left behind. AI is creating some jobs. Straya is an early adopter. More of a headwind to hiring rather than outright job losses so far. The
Stocks are at their ATH but are crumbling. Charts from TME. NDX breaks the wedge. Everybody bullish. More. Vol stirring. More. Instos all-in. Robots all in. CTAs all-in. Everybody on one side of the ship…
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The latest Newspoll revealed the enormity of the seismic shifts occurring in the tectonic plates that underpin federal politics. One Nation is now outpolling the Coalition on primary vote, 22% to 21%. For a Coalition already reeling from the lowest number of lower house seats in its history, this is a clear signal that the
This about sums it up. Equally, what’s with the Danes. Danish officials have decided not to attend the World Economic Forum in Davos this week amid an intensifying dispute over Greenland that’s shaking transatlantic relations. “Danish government representatives were invited this year, and any decisions on attendance are a matter for the government concerned,” the
In the years since the onset of the pandemic, the cost of American housing has risen to its highest level ever relative to incomes, significantly exceeding even the peak of affordability concerns during the previous U.S. housing bubble. As a result of higher prices and significantly higher interest rates than previously, housing turnover has dropped
Iron ore prices came off again yesterday, but the jaws remain wide. We should be at $90 in a rational market. CISA data for the first ten days of the year was 1.997mt which is mediocre but OK. What is worse is that steel inventories at CISA mills are 20% above last year’s levels and
When the Albanese government was returned to power at the May 2025 federal election, it achieved the strongest result for a first-term government returning to the ballot box since at least World War 2. Since the Second World War, Australia’s first-term governments had always lost seats in their first return to face the electorate, losing
You could be forgiven for concluding that the Michael Pettis moment has arrived in China. It has stopped building. The investment in fixed assets is currently experiencing an unprecedented decline. Food, transport and energy are the only positives. Sure, China cooked the books to meet its 5% GDP target, but the GDP deflator is severely
With Wall Street closed for a long weekend holiday most risk markets sold off overnight as the blackmail threats on Europe from the Trump regime with counter threats of tearing up the Trump-induced 2025 trade deal heightened concerns of a wider transatlantic trade war. European shares slumped while the USD fell back after firming on
There’s nothing quite like the spectacle of the most hated group of people in Australia banning hate! Politicians! Anthony Albanese’s bill to combat antisemitism will pass parliament in coming days despite an 11th-hour hurdle thrown up by opposition MPs harbouring concerns over proposed new powers that would allow the government to proscribe and ban “hate groups”. Despite