Another light news session overnight as speculation mounts of potential trade deals and tariff pullbacks with US-China talks progressing. Wall Street took any positive news as good news and was bid strongly while European shares pulled back on some not so good unemployment data and increased concerns over defence spending. Currency markets are in a
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Last week’s Q1 national accounts release from the Australian Bureau of Statistics (ABS) showed that Australia’s economy remains on life support, driven by historically high population growth and public spending. Australia’s aggregate GDP grew by only 0.2% in Q1 2025, less than half the 0.45% growth tipped by the Reserve Bank of Australia (RBA) in
On Monday, I reported how the Q1 national accounts, released last week by the Australian Bureau of Statistics (ABS), showed that Australia’s manufacturing sector shrank to a record low 5.1% share of GDP: As you can see, Australia’s manufacturing sector has collapsed over the past 45 years, from around 14% of GDP in the mid-1970s.
We bought an electric car; not a swasticar, but a Hyundai Kona. We have had it for three months and up until today had only driven it about 1500 km. On Friday we drove to Sydney to see family, and never having driven more than about 20 km in one hit, a drive of some 350 kms was taken on with some nervousness. This was not due to what has been termed ‘range anxiety’ as we knew there were charging stations along the way, one group of which was at Pheasants Nest, where we used to stop for lunch and a coffee when travelling with the eleven-year-old Mazda we used to own.
Asian share markets are having a mixed session across the region given the poor lead from Wall Street overnight with no news about trade deals between the US and China (or Japan, or anywhere else – too much going on in LA? ) Currency markets are pushing back against recent USD strength as most undollars
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Victoria’s budget finances are in disarray, with the state carrying the nation’s highest debt and lowest credit rating. According to the latest state budget, Victoria’s net debt will rise to $194 billion by 2028-29, from $155.5 billion currently. Victorian net debt per capita is the highest in the nation. In 2023-24, Victoria’s per capita net
Peter Hartcher is freaking out. SMH. Trump gave himself the scope to deploy the militia and/or the military “where protests against these [federal] functions are occurring or are likely to occur”. Likely to occur? He once claimed to be a very stable genius, but now, apparently, he is also clairvoyant. In addition, says his order,
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