From the Market Ear: Put hate is back Put call ratio imploding again… Mini top? SPX could be putting in a mini double top here, with the second high slightly lower. Note the 21 day and channel lows come in around 6650 (futures). A close below that and 6600 could come into play quickly. 50
Last month, I reported that green groups had lambasted the mass rollout of wind turbines across regional Australia. Veteran conservationist and former federal Greens leader Christine Milne labelled wind turbines “biodiversity-destroying”. Wilderness Society national campaigns director Amelia Young also quit the group after almost 20 years, citing “intolerable … attitudes and behaviours” – and warning
The Albanese government’s First Home Guarantee scheme came into effect on Wednesday, allowing almost all first home buyers to purchase a home with only a 5% deposit, without requiring lenders’ mortgage insurance, as taxpayers will guarantee 15% of the mortgage. Analysis by Lateral Economics suggested that the 5% deposit scheme could increase home prices nationally
Wedge Tailed Eagle as a rabbit sees it, Photo courtesy of Geoff McVeigh AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
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Following the release of the ABS monthly inflation data for August, the outlook for interest rates held by various banks changed in a matter of hours. The figures showed that annual headline inflation rose to 3.0%, up from 2.8% in July, hitting the top end of the RBA’s target band for the first time since
The entire taxation arrangement around electric vehicles (EVs) is a reverse Robin Hood scenario, as it takes taxes from the poor to give to the rich. Michael Read at The AFR reported that the cost of the Fringe Benefits Tax (FBT) exemption for EVs has “blown out thirteenfold, and the benefits are disproportionately flowing to
Analysis from the OECD, published in The AFR, shows that Australia ranks second-last among wealthy nations in terms of productivity growth since the COVID-19 pandemic. EY’s chief economist, Cherelle Murphy, says the decline is partly attributable to “capital shallowing”—the fact that local companies are not investing enough capital in new equipment to match the growth
The concept of fairness plays a crucial role in shaping the collective consciousness of Australians and shaping our national identity. From the days of Simpson and his donkey delivering wounded diggers to safety from the fires of the Ottoman guns at Gallipoli over a century ago to the present day, much of how our nation
Everything I have written about Australia’s student-migration scam has been confirmed by the latest study on the international education sector by Jobs & Skills Australia (JSA). JSA openly acknowledged that most international students come to Australia primarily to work and live, rather than for educational purposes. Nearly 70% of international higher education students reported migration
Following the release of the monthly CPI for August, headlines about skyrocketing electricity prices began to circulate, highlighting the 24.6% year-on-year increase in electricity costs. While that is certainly true as measured by the CPI, the reality is quite a bit more complicated, and the headline rise in power prices is going to worsen significantly