I have written about how the explosion in cafe numbers and rampant cost inflation have left the hospitality industry in a precarious position. When I moved to my suburb of Ashburton, Melbourne, in 2006, only a handful of cafes were operating on my local High Street shopping strip. Over the following 15 years, the number
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Those iron ore jaws are looking tempting. May/June is a seasonally weak period for iron ore are well. There are early signs that the tariff smash is beginning to impact demand. Goldman. [US] Producers estimate that the negative impact on their exports (produced in China) has ranged up to a full stop in the volume
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Every few weeks, the world’s media publishes an article on a fantastical breakthrough in electric vehicle (EV) battery technology that enables cars to be charged in as little as five minutes. These technological breakthroughs are supposedly set to revolutionise EVs by allowing owners to charge up quickly away from home, removing some of the key
Gold is the new (old) global reserve currency so long as the child president continues his assault upon the institutions of Bretton Woods II. So much harm has been done to US institutions in such a short period by the child president that his very presence is now an enduring threat to the Bretton Woods
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Victorian Premier Jacinta Allan chose to sign the contracts to build the first leg of the $200-plus billion Suburban Rail Loop (SRL) project against the explicit advice of infrastructure experts. SRL East, which will link Box Hill and Cheltenham, is budgeted to cost $34.5 billion. To date, the state has only secured $11.8 billion of
The taxpayer-funded ABC refuses to discuss the immigration-housing issue with objectivity and balance. On Wednesday, I lambasted the ABC for choosing two well-renowned Big Australia propagandists—the ANU Migration Hub’s resident shill, Alan Gamlen, and the Grattan Institute (which is sponsored by Big Australia lobby group, the Scanlon Foundation)—to debunk the claim that excessive migration is
The Australian Bureau of Statistics’ (ABS) Q4 2024 national accounts revealed that the economy finally emerged from a per capita recession following 21 consecutive quarters of decline. Australia’s per capita recession was driven by the household sector, where consumption fell for a record eighth consecutive quarter. The decline in per capita consumption followed a record
If you want further evidence that the education export industry is a giant migration scam, look no further than the latest report on “phantom” students from The Australian: Foreign students from Africa, Pakistan and India have been reported missing from universities… Phantom students have been exposed by the Queensland University of Technology, which revealed nearly
The Market Ear on the chaos. Show me the trend SPX has mostly been frustrating everybody. Huge volatility, no direction. Source: Refinitiv Did they front run the crash? The aggregate selling from systematics has been huge. The question is whether they front ran the SPX move lower, discounting a bigger bear than realized? Source: GS
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Australia’s states often swing in different ways, with trends noticeable at the state level rather than just at the state or regional level. For this reason, I usually choose to measure 2PP results against the state result, rather than the national result.
At the 2010 federal election, the Coalition gained swings in New South Wales, Queensland and Western Australia, but Labor actually gained ground in Victoria, South Australia and Tasmania.