Last night saw the end of the financial year and maybe the ending of the USD dominance in global finance as it had the worst yearly start since 1973, despite multiple undollar central banks cutting rates as safe havens like Swiss Franc, Yen and increasingly Euro and Yuan takeover from King Dollar. Speaking of made
With the end of the month, so too comes the release of the latest housing price data from Cotality (the artist formerly known as Corelogic) and PropTrack. Amidst recent rate cuts in February and May, and the expectation of significantly more to follow, both data providers noted that conditions were increasingly favourable for housing sentiment.
The start of the new trading week is coinciding with the end of the month and for some, the financial year, which is leading to a lot of window dressing across risk markets in Asia. However Wall Street is riding the wave higher after the Canadians gave in to the public demands of the Trump
Livewire with the note. CBA operates in a domestic banking market with limited credit growth in Australia, selling an identical product to that offered by four other competitors (now including Macquarie), all of which have the same cost of production (capital). This current rally has seen CBA move into the world’s top ten most valuable
Three weeks ago, the Chinese government and the Trump administration came to a very rough agreement on trade, tariffs, and the supply of vital materials each side respectively controlled. While the agreement was likely more of a temporary ceasefire in the trade rather than a more meaningful long-term armistice, it was meant to restore the
This is ridiculous. The White House has again called on Australia to increase its defence spending, and Prime Minister Anthony Albanese has again refused to budge. Karoline Leavitt, Donald Trump’s press secretary, said the recent move by NATO member states to raise defence spending to 3.5 per cent of their GDP should be a model for
The gas cartel’s corrupt mouthpiece, the Grattan Institute, is facing more backlash over its idiotic gas ban taken up by an even more stupid Allan government. Thousands of Victorian restaurants are threatening to close their doors for a day to protest the Allan government’s gas reforms, in strike action which would create chaos across the
Treasurer Jim “chicken” Chalmers loves to pose as a reformer of great reknown but is just another cookie-cut Canberra immigration sodomite. Jim Chalmers has issued a plea for a new era of “collaboration and compromise” from politicians, unions and business leaders, declaring a generational approach from all parties is needed to secure economic reforms that
As Australia’s mediocre media cheers another entirely predictable “shock” better than expected budget balance, a glance beyond our nose tells us that something much messier is squeezing down the pipe at speed. First, the good news. Westpac. While expenses are lower than profiled, higher than expected tax revenue drove much of the significant improvement in
In recent weeks the issue of AI has been on the Albanese government’s agenda, as the run-up to the government’s “roundtable” on productivity continues. Treasurer Jim Chalmers has thrown his weight behind soft-touch regulation of AI, emphasising that the government’s priority is how it can be used to boost productivity rather than establishing guardrails for