Asian LNG prices are rising at 20% per day and hit $22.50 overnight. Locally, gas prices are falling, apparently owing to unusually weak NEM demand. The fuel mix suggests weak demand owing to good weather and even weaker gas usage. This is great timing, but Australia’s worst minister, the Mad King, is already encouraging the
DXY is a one-armed bricklayer in Tehran. To the moon! North Asia has buckled. AUD crashed overnight, then recovered about half as local fundies scramble for Sag7 hedges. Oil pumped and dumped, forgetting that the quickest way to end this war is to deliver an energy shock to the Trump TACO. Gold printed a terrifying
In this world, there are a few things that are truly certain: death, taxes, and the fact that the sun rises in the East and sets in the West. But in Australia, there is one thing that can be added to that ancient list: claims that the big banks are gouging their customers, particularly when
Australia’s housing market has never been this expensive. According to Shane Oliver, chief economist at AMP, home prices nationally are tracking at their highest level ever relative to wages and household disposable incomes: The Reserve Bank of Australia (RBA) has already delivered one 0.25% interest rate hike, with the interest rate futures market expecting at
The Australian National University (ANU) is one of the nation’s key purveyors of immigration propaganda. Propagandists like “Dr Demography” Liz Allen are regular mouthpieces on the pro-Big Australia migration circuit, as are the ANU Migration Hub’s Peter McDonald and Alan Gamlen. Jill Sheppard, a senior lecturer at the ANU School of Politics and International Relations,
charts from TME. Both skew and volatility are suggesting bearish pressure on stocks. Skew is especially bearish. Yet we refuse to fall. It’s the same for NDX. CDX, which is an index of credit default swaps, is also showing plenty of pressure. This is not bearish. Bond volatility is likewise beginning to MOVE, another bearish
A recent review of freedom of information (FOI) requests called into doubt the Albanese government’s commitment to transparency. The Centre for Public Integrity, an independent research agency, reported that 24% of FOI requests were denied during Labor’s first term in office. In comparison, the proportion of applications refused ranged from 10% to 18% over the
Yesterday’s job ads data made for confused reading for the RBA. Job ads are rebounding strongly. After a robust 5.2% m/m increase in January, Indeed Australian Job Ads increased 3.2% m/m in February. The series has reached its greatest level since October 2024, with monthly gains since then. This increase in Job Ads occurs at
The recent housing finance data from the Australian Bureau of Statistics (ABS) revealed that over the December quarter of 2025, $19.310 billion in mortgages was lent to first-home buyers. This was an increase of 16% over the prior quarter and the highest value since the first quarter of 2021: The average size of first-home buyer
Perhaps the worst publication in Australia (and that’s saying something), Crikey, today lauds the arrival of Canadian PM Mark Carney. “Prime Minister Carney’s visit is an opportunity to further strengthen cooperation on investment, economic security and critical minerals, defence, and links between our institutions and communities,” Prime Minister Anthony Albanese said last month. Carney’s visit comes