I've had to wean myself off a few podcasts this week. The political ones were the first to go—obviously. I couldn’t keep subjecting myself to that grief and stress for the next few months. But I’ve also ditched some strength training and fitness podcasts. Turns out, a bunch of the hosts were these ultra right-wing, Trump-loving douche-bros and listening to them was just... exhausting. So, I hit delete.
It was a bad week for the Albanese government, which is facing an uphill re-election battle. First, the Reserve Bank of Australia (RBA) hosed any hopes of interest rate cuts in the near term because “underlying inflation remains too high”. Second, the United States election delivered a stomping victory for Donald Trump. And with it,
Stele is going nowhere. Iron ore doesn’t care. Because stimmies! Steel exports went boom in Ocotber. Maybe some Trump frontloading. Iron ore imports were firm. CISA output finished October on a better footing. And inventory fell as well. It looks like we’re headed into seasonal tailwinds with temporary momentum as stimmies excite speculators and the
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US stock markets continued higher in the post election haze, helped along by a somewhat dovish Fed which cut rates at the latest FOMC meeting overnight by 25 basis points. This arrested the post election surge in USD somewhat as Euro bounced back alongside other undollars with the Australian dollar heading up to a two
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ONE SHOULD NOT DO THIS BUT WE WILL MAKE A WILD (PROBABLY WRONG) PREDICTION NONETHELESS... THE 48TH PRESIDENT OF THE UNITED STATES (2028) SHOULD BE A WOMAN... OF COURSE.
Treasury Secretary Steven Kennedy told a Senate estimates hearing that his department is modelling the impact of changes to the capital gains tax and negative gearing regimes. Kennedy said that Treasury undertakes such modelling “from time to time”, but emphasised that the federal government had not asked it to do so and is not considering
Any doubt that Americans were willing to “go back” to Trump, as the Democrats cast it, was dispelled early on. After that, it was only a question of who would prevail in a clearly close race.
Australia’s governments hope to ‘solve’ the housing crisis by pushing residents into living in high-rise apartments. However, high-rise apartment approvals have collapsed, as illustrated in the following chart: High-rise apartment approvals have decreased 63% nationally since their 2015 peak, with sharp declines in New South Wales (-74%), Victoria (-68%), and Queensland (-60%) being the main
Coalition frontbencher Bridget McKenzie has admitted she failed to declare 16 flight upgrades over several years.
The shadow transport minister's admission comes a week after she claimed to have never received any complimentary airline upgrades, amid a wider debate about political travel perks.
THERE ARE RUMORS THAT AUSTIN THE THIRD IS GOING BACK TO HIS ALL JOBS... THIS IS WHEN HE QUIT THE DIRECTORSHIP:
Retired Army Gen. Lloyd Austin, whom President-elect Biden has nominated to serve as defense secretary, today pledged to recuse himself for a period of four years from all matters involving Raytheon Technologies, where he previously served on the board of directors.
John Menadue asked me what I thought Trump 2.0 could mean for Australia, but there are two similar, easier questions: what should and what will Trump mean for Australia?
The Climate Council: Media Release The Australian Energy Regulator’s latest State of the Energy Market report has found Australians are an integral part of the switch to cleaner electricity sources, with increasing investment in rooftop solar, batteries and electric vehicles. Rooftop solar in particular now exceeds 20 gigawatts in the National Electricity Market – making…
There is nothing quite like a public servant on a massively bloated wage: Australia’s new Reserve Bank governor Michelle Bullock has received a nearly $400,000 a year pay increase after stepping into the top job. According to the RBA annual report up to June 30, the woman responsible for Australia’s monetary policy settings received $1,056,835
On Tuesday, the Reserve Bank of Australia (RBA) released its Statement of Monetary Policy (SoMP), which provided forecasts on Australian wage growth and CPI inflation to December 2026. Australians have endured the sharpest decline in real inflation-adjusted wages on record, tracking 7.2% below their June 2020 peak as of Q2 2024. According to the RBA
Asian stock markets are mainly up across the region with Chinese shares leading the charge in the post US election mood with the USD pulling back slightly against most of the undollars after a mammoth surge overnight. The Australian dollar recovered the most with a swift move above the 66 cent level. Oil futures are
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