Does anybody recall “Pig Iron Bob”. Sir Robert Menzies’s pejorative moniker that he took to the grave? The name sprang from the Dalfram Dispute: In 1938, Australian waterside workers refused to load pig iron onto the ship Dalfram, destined for Japan, which was then at war with China. This was due to the workers’ concerns that
Treasurer Jim “chicken” Chalmers is already plotting your next power bill shock. You are currently enjoying a big shock, and it will double by year-end as the Chalmers’ Ukraine War subsidies roll off. Is there any hope of avoiding these? None. By year’s end, your power bill will have nearly doubled from 2025. Albo’s $12Gj
Or is that behind? The market has flown the coop on yawnulus hopes. June was a better month for iron ore imports in China and a worse month for steel exports. I don’t expect the latter to hold up through H2. Meanwhile, yawnulus hopes are likely overblown. Goldman. Property market stimulus? In recent days, we
Cotality’s daily dwelling values index shows that Brisbane is once again leading the nation on house price growth, recording appreciation of 0.8% over the past 28 days. PropTrack’s monthly dwelling values index has also recorded an 89% rise in dwelling values across Brisbane since the beginning of the Covid-19 pandemic in March 2020. This 89%
Last week, Victorian Premier Jacinta Allan posted the following video on Twitter (X) claiming that the government is “delivering more social homes in Pascoe Vale”. Australian governments have completely shattered the social contract. They’ve created one of the worst national housing crises anywhere in the entire world due to explosive rates of migration. They then
The overpaid, underqualified, and incoherent RBA has done it again according to Goldman. Year-ended growth in the ABS monthly trimmed-mean CPI eased 40bps to 2.4%yoyin May, while the Melbourne Institute’s more timely trimmed-mean gauge eased10bps to 1.2%yoy in June. The MI gauge is more volatile than ABS but is pretty good in trend terms. It
DXY and EUR have swapped places. AUD follows EUR. Lead boots plod on. Gold meh. Oil delusional. Metals reflation over. Big mining bear intact. EM meh. Junk no bueno. Curve steepening continues. Stocks hold on. We await some very powerful and very contradictory outcomes. Tonight, in the US inflation report, which may or may not
While the NASDAQ just eked out another record high it was all eyes on the USD as markets prepare for the release tonight of the latest US CPI print where we should see if the Trump regime’s tariff crusade has had an effect on domestic inflation. European shares were off slightly as the EU mulls
International education is purported to be Australia’s fourth-largest export, valued by the Australian Bureau of Statistics (ABS) at $51 billion in 2023-24. The ABS estimates this stunning export figure by using “an average spend estimate from Tourism Research Australia … supplemented by the addition of total expenditure on course fees”. The ABS incorrectly classifies all
Lol, this is a cricketing nation brought low. Scott Boland hat trick. I haven’t seen figures like that since D4s.
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