Gareth Aird at the CBA with a fine piece. Basically, the RBA has no credibility left. Recent RBA forward guidance at odds with RBA review into forward guidance Forward guidance first appeared in the Governor’s August press conference Until recently the RBA’s communication strategy under Governor Bullock was not to provide forward guidance. Indeed a
The fake Greens are at it again, attacking the federal government for daring to oppose caps on international students, which have ballooned to obscene numbers. As reported in The Guardian: The Greens education spokesperson, Mehreen Faruqi, accused Labor of “charging ahead with this terrible policy” despite “near unanimous opposition from the higher education sector”. Faruqi
The past few weeks have seen much hand-wringing and scaremongering about Australia’s unseasonably warm end to winter (see the example below). Melbourne’s unseasonably warm weather has meant that our household hasn’t run the heater for at least two weeks, saving us lots of money (given obscene gas prices) and reducing carbon emissions. The most sensible
The Australian Bureau of Statistics (ABS) has released its CPI indicator for July, which came in a little above expectations. The CPI Indicator rose 3.5% in the 12 months to July 2024, down from 3.8% in June. Economists had tipped a 3.4% increase. The following graphic from Alex Joiner at IFM Investors breaks down the
Fyodor Lukyanov: The arrest of Durov isn’t just about TelegramBig changes are coming to the global information sphere, and the Telegram founder’s standing is a canary in the coal mine
Justin Fabo at Antipodean Macro has published charts on wage growth on Enterprise Bargaining Agreements (EBAs). The following chart from Fabo shows that “Average annualised wages growth in federal enterprise bargaining agreements (EBAs) lodged for approval with Australia’s Fair Work Commission was was 3.5% in the 4 weeks to 26 July”: More interestingly, union negotiated
In response to the federal Coalition’s proposal for $100 billion in cuts to housing, transport, education, and climate solutions, the 30 undersigned organisations released the following statement: Peter Dutton and the Coalition made their priorities clear today with a proposal to gut social services and roll back Australian renewables – all to fund their expensive…
Albo’s nation-gutting energy shock is slowly ebbing as we move into Spring shoulder season for power: However, do not expect the lows of last year to return while gas is glued to Albo’s catastrophic $12Gj price floor: The Albanese government’s failure to fix gas markets is on full display today as the entire parliamentary pet
On August 12, 1949, the four Geneva Conventions were adopted, laying the basis of a normative standard in international humanitarian law. As Balthasar Staehelin, personal envoy of the International Committee of the Red Cross (ICRC) president to China, stated at an anniversary event at the Swiss Embassy in Beijing, “In the past 75 years, the…
The post Beware the Derogators: The Geneva Conventions Turn 75 appeared first on The AIM Network.
The Market Ear on familiar territory. Soggy China CSI 300 not far from panic lows we saw earlier this year. The gap vs SPX is beyond extreme… Source: Refinitiv Chinese speculation ChiNext is the home to fast money. Both the ChiNext and China margin trading debt charts are having problems finding “bids”… Source: Refinitiv That
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Qingdao iron ore is ignoring the fireworks in futures, barely up at $93.03. SHFE and SGX futures are bouncing together but steel mill profitability is getting worse, not better: Dalian is unhinged as usual: Not so much for coking coal: CISA output went from bad to worse in mid-August and inventory rose 4% anyway: With
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