In 2011, billionaire investment legend Warren Buffett penned an opinion piece in the New York Times, revealing that he paid a lower rate of tax than most of his employees. The article highlighted how tax breaks are available only for the rich with resources to take advantage of them. What followed was a 2012 proposal
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Beware the LNY distributions, but Chinese property appears to have faded out. A bit better year on year. Inventory improved. As the completion cliff moves up a gear. Nothing good for steel demand here. But iron ore is busy trading other inputs, such as tariffs and cyclones, and the jaws are huge.
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The Australian Bureau of Statistics (ABS) Q3 national accounts showed that real per capita household disposable income has collapsed by around 8% from its Q2 2022 peak, the most significant decline in recorded history. This also represented one of the greatest declines in real per capita disposable incomes in the advanced world. Justin Fabo from
You can’t have any gas. And it is beyond inefficient and climate destructive to send Aussie gas to Eruope. But Europe is getting Aussie gas to warm itself anyway. At least three vessels carrying LNG from Oman and Australia are heading west for delivery, with one sailing through the Red Sea, ship tracking data showed
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Risk markets are diverging in fortune again as European equities continue their strong trend higher despite tariff threats while the latest testimony by Fed Chair Powell on interest rate trajectory saw a bit of a wobbly finish on Wall Street overnight. The USD is all over the place with Euro surging while the Australian dollar
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DXY is holding up as EUR falls. But AUD is squeezing higher anyway on metals mania. It can still close some gap with lead boots. That said, metals mania printed massive shooting stars across the complex. Warning to bulls. Miners are zombie stocks. EM meh. Junk is a real problem for the broader rally. Yields
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The recent revelations about the US Agency for International Development’s (USAID) links to extremist groups and shady projects validate concerns long expressed by Russia, Moscow’s ambassador to the UN, Vassily Nebenzia, told the UN Security Council on Monday.
State capture was on display last week, with the contrasting treatment of two very different issues in the Federal and NSW parliaments. Andrew Gardiner reports.
A Sydney synagogue was defaced with red swastikas last month. Proposed NSW laws would raise the penalties for that amid rising political concern about antisemitism.
Realestate.com.au posted an article claiming that the price of vacant land in Victoria has risen above the cost of established homes, creating a major barrier to the Albanese government’s housing targets. Despite the median home price falling over the past two years to make Melbourne the nation’s fifth most affordable capital, new figures show the