Goldman with the note. While the geopolitical situation and the potential Israeli response remain highly uncertain, we provide early thoughts on how Iran’s attack on Israel may impact the oil market in Q&A format. Q1. What are the key factors driving any potential reaction in oil prices to the events over the weekend? The medium-run
Victoria has the lowest proportion of social housing in Australia, accounting for only 3% of total homes. That is far lower than the national average of 4.2%, which is already low by worldwide standards. Last month, The Guardian reported that Victoria’s homelessness crisis is the worst in the nation and continues to deteriorate. “Victoria still
The Westpac credit card tracker makes the point. The Westpac Card Tracker Index* declined 1.9pts over the two weeks to April 6. At 133.7, the latest Index read is only slightly above the low seen at the start of March. While quarterly growth momentum is still positive, and materially improved on the weakness seen around
There’s no landing for the Mag7. The Market Ear. Same old bull trend in Mega Cap Tech stocks US mega cap tech stocks marching on. Here presented vs Russell 2000. GS Hiding in the Magnificent You look away for a second and then investors have piled back into Mag7 and pushed exposure back to record
War jitters caused Wall Street to pull back sharply on Friday night with continued volatility from weekend events likely to spill over to Asian markets on the open this morning. The USD rebounded to higher strength levels, crushing other undollars – including gold for the first time in weeks – while bond yields pulled back
Historical analogies can be very useful at times. There is an excellent replay happening in iron ore that is one of them. The last time China undertook a great structural reform was with the ascension of Xi Jinping in 2012. At that time, it suddenly began to become de regeur to discuss Chinese “rebalancing” In
Helloooooo Japan: The stock of aggregate financing, a broad measure of credit, expanded 8.7% from a year ago, the slowest pace on record since the data began in 2017. Financial institutions offered 3.1 trillion yuan worth of new loans, according to Bloomberg calculations based on data released by the People’s Bank of China on Friday, less than the 3.6
CBA economist, Harry Ottley, has published a terrific statistical report on Australia’s rental market, which unambiguously shows that the unprecedented surge in net overseas migration after the international border was reopened in late 2021 is behind the collapse in the rental vacancy rate and the hyperinflation in rents. The surge in rents would have been
DXY is up and away: AUD is back at critical support: North Asia is under intense pressure: Oil and gold hanging in there: Base metals still chasing no landing: But not big miners: And EM hates no landing: So does junk: Yields fell but it was a steeper week for sure: Stocks hate no landing:
Shane tees off again. Shane is pro the Population Ponzi. Invariably long on rant and short of rationale or data Shane has been the less conspicuous but ever present mainstay of the Ninefax pro Ponzi stable. Let us examine his offering…… Migrants – what are they good for? A lot, actually Shane Wright Senior economics