Justin Fabo from Antipodean Macro published the following chart comparing the official cash rates of the Reserve Bank of Australia (RBA) against the Reserve Bank of New Zealand (RBNZ). Fabo stated on Twitter (X) that “the RBNZ often goes harder in both directions on rates”, in reference to its recent higher peak and lower trough
Last week, I argued that Australia is the dumbest developed nation on Earth for choosing to give itself expensive and unreliable energy when it is literally a global energy superpower rich in everything other than oil. In retrospect, I should have awarded the “dumbest developed nation” prize to Germany, which stupidly chose to blow up
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In decades now long passed, the issue of migration was largely one of practical considerations, defined by questions such as: How many new arrivals per year is viable? How many homes do we need to build? What skills base needs to be expanded? What is the right path toward integrating new arrivals into society while
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In the annals of wasted public investment, few attempts to build an industry can compete with the abject failure of hydrogen. $60 billion in incentives are available for hydrogen research and production, most of it sitting on the shelf, unused. Hydrogen was only ever going to be a niche industrial gas for decarbonising such things
The Market Ear on equities. Running hot The tech squeeze has already hit, with MAG 5 stocks now making up 61% of U.S. GDP. Forced buying and upside panic have stretched the right tail to the breaking point—now, the question is whether the rally can hold, or if a sharp pullback is inevitable. Too much
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Housing minister Clare O’Neil continues her blame game and propaganda tour, this time taking aim at the Greens for “blocking” the construction of new homes: O’Neil’s latest attack follows the dismal dwelling construction data released this month by the ABS, which showed that completions fell by 2% in 2024-25 and were tracking 65,970 (27%) below
