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Dan’s Suburban Rail Loop swallows Victorian Budget

August 18, 2022 - 14:00 -- Admin

To nobody’s surprise, the cost of building Melbourne’s suburban rail loop has doubled to $125 billion, with another $75 billion projected for operating expenses. That’s according to the Victorian Parliamentary Budget Office: According to the state parliament’s budget office, which published a report overnight, the north and east sections of the rail loop could blow

Dan’s Suburban Rail Loop strangles Victorian Budget

August 18, 2022 - 14:00 -- Admin

To nobody’s surprise, the cost of building Melbourne’s suburban rail loop has doubled to $125 billion, with another $75 billion projected for operating expenses. That’s according to the Victorian Parliamentary Budget Office: According to the state parliament’s budget office, which published a report overnight, the north and east sections of the rail loop could blow

Gas cartel eaten by coal cartel

August 18, 2022 - 13:00 -- Admin

It’s cold comfort for punters being reamed by the energy cartels but take a moment to enjoy the earnings release of Origin energy today. The card-carrying member of the gas cartel is being hollowed out by the coal cartel: Origin Energy Limited (Origin) reports underlying profit rose 30 per cent to $407 million for the

MB Fund Podcast: Has The Great China Reckoning Arrived?

August 18, 2022 - 12:05 -- Admin

China’s economy has deteriorated significantly. We, here at Nucleus, have time and again discussed the issues and lately have been wondering if it means that China’s great reckoning has arrived? Or will the can be once again kicked down the road? Join us in this investment podcast as Nucleus Wealth Chief Investment Officer, Damien Klassen,

Australia’s jobs boom ends, extinguishing RBA rate hikes

August 18, 2022 - 11:51 -- Admin

The Australian Bureau of Statistics (ABS) has released labour market data for July, which showed that Australia lost 40,900 jobs (-0.3%) over the month, with hours worked also falling by 16 million (-0.8%): However, because the labour force participation rate fell by 0.3% to 66.4%, the nation’s unemployment rate actually fell by 0.1% to 3.4%

US dollar to the moon!

August 18, 2022 - 11:40 -- Admin

Credit Suisse on DXY. —————————————————————————————————————————— FX markets have now entered what was supposed to be an aimless, low-volatility fortnight ahead of the 25-27AugJackson Hole meetings. Instead, implied volatility in key pairs jumped at the start of the week, in our view primarily as a function of China’s surprise rate cut on Monday. Later in this

NAB scaremongers as real wages plunge to 2012 levels

August 18, 2022 - 11:20 -- Admin

NAB’s economics team has talked-up yesterday’s soft wage growth data, claiming private sector wages are in fact booming. In turn, this justifies further aggressive interest rate hikes from the RBA: NAB director of economics and markets Tapas Strickland had a clear message: “Ignore the headline [Wage Price Index] excluding bonuses.” Instead, he said to look

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