All of Kellogg’s underlying assumptions lacked any basis in reality. Yet Trump seemingly took them on trust.
Risk markets are trying to digest quite a bit of macro news today with the Canadian election resulting in a Liberal victory, while a small reprieve in auto tariffs by the Trump regime looks possible amid the UK/EU announcing what could be a reversal in post Brexit trade barriers. The USD is back on the
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CBC. Prime Minister Mark Carney’s Liberal Party is predicted to have won Canada’s federal election, according to local media. The Canadian Broadcasting Corporation (CBC), the national public broadcaster, said the Liberals will win more of parliament’s 343 seats than the Conservatives. A record number of Canadians voted in this election, which also became a referendum
Before it turned full-blown woke, The Australia Insititute (TAI) used to talk sense on immigration. In 2015, TAI published an excellent research paper calling for a national debate on Australia’s future population: Since the Sydney Olympics in the year 2000 the population of Australia has grown by 25 per cent. In fact, since the Sydney
Liberal leader Peter Dutton was questioned about his plans to cut the permanent migrant intake from 185,000 in 2024-25 to 140,000 in 2025-26. Dutton suggested that cuts to migrant worker numbers could be partly offset by permitting pensioners to work more hours without reducing their pension. “That will replace some of the international labour that
The ferrous complex is still struggling. Reports from the ground in China are dour. Goldman. Over the past week, we met with onshore clients in Beijing and Shanghai, including mutual funds, private equity firms, and asset managers from banks, brokers and insurance companies. Compared to two months ago(late February), local investors are more concerned about