While it is America and Kevin07 first, it is Australia second: Foreign Minister Penny Wong and Defence Minister Richard Marles have met…Mike Pompeo, a conservative who is touted as a senior figure in another Trump administration…part of an effort spearheaded by US ambassador Kevin Rudd to cultivate relationships with Trump’s allies, and those of his
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A special roundtable hosted by the Business Council of Australia and The Australian Financial Review heard the views of various housing market players on how to boost the supply of homes. Lendlease’s Tony Lombardo commented that Australia has a structural shortage of tradies because of the inherent bias for school leavers to go to university.
Chinese consumers know what market don’t. That their economy stinks, and so does the stimulus “bazooka”: Xi is still eliminating all opposition: While the whole economy is stalled and wage growth is vanishing: As credit revulsion spreads: With real interest rates far too high to turn it around: The Chinese Titanic is still sinking.
The prospect of Donald Trump winning this week’s US election has Australia’s business lobby laying the groundwork for a cut to Australia’s company tax rate. Trump has committed to slashing the US corporate tax rate to only 15% from 21% currently, whereas Vice President Kamala Harris has vowed to increase the tax rate to 28%
Michael Hartnett at BofA has some ideas. Tale of the Tape: UK govt announces biggest fiscal loosening since 2009ex. Covid (Chart4)…UK gilt yields surge 25bps to YTD highs; bond vigilantes biding time in 2020s era of ongoing fiscal excess; price action says US risk assets need financial conditions to ease in Q4 for rally (risk
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Politics is a wonderful thing. Why do something to save a planet when you can pay people to make a problem worse? Victorians who buy electric cooktops to replace gas models will be able to use their receipt to claim rebates of about $140 under changes to the state’s energy upgrades program that have taken
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While so many in the world hold their breath for Harris or Trump it would also be wise to keep an eye on Germany. A sharp eye! A look at history books would also be advisable. For between Alps and Baltic, Rhine and Oder, the fearsome rhythm of marching boots is once again growing in volume.
Boots and Boosts: Berlin Bulletin No. 228, November 28, 2024
Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
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The latest iteration of the bullhawk has fallen: Warren Hogan abandoned his call for an increase in the Reserve Bank cash rate because inflation fell by more than he expected last quarter, leading the economist to conclude that Australia’s benchmark rate should stay on hold for another year. …“I think February is crazy,” Mr Hogan
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SHFE sagged Friday: Mad Dalian too: The steel output bounce is over: Rebar is stuffed: Flat steel growth is over: We are entering the seasonal strong suit: But, if we do get a lift I would be looking at it as a chance to reload shorts. The FE supply chain is full: Stimmies are a
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