The lifeless ferrous market refuses to die. The mix of growth is not changing. From Goldman: Taking stock of the current state of the economy, we have not seen a meaningful rotation in growth drivers from external to domestic demand. Export volume increased 13% yoy in April despite notably higher US tariffs. Retail sales growth
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Last night saw the ketamine Nazi having a Twitter/X stoush with the Adderall TACO-baby online after their recent public divorce, with Trump threat of taking away Tesla’s subsidies sending its stock price down over 14%. Against this childish backdrop was the possibility of trade talks with both China and Canada and the potential stalling of
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Australians experienced the developed world’s largest decline in real per capita household disposable income, which fell by more than 8% between mid-2022 and mid-2024. Wednesday’s national accounts release from the Australian Bureau of Statistics (ABS) revealed that the income recession is over, with real per capita household disposable income jumping by 1.8% in the year
In this week’s Treasury of Common Sense on Radio 2GB/4BC, I lambasted the Albanese government for opposing East Coast gas reservation and explained its implications for energy bills and the economy. In the early 2010s, the Rudd/Gillard Labor government made the fateful decision to approve LNG exports out of Gladstone QLD without requiring gas producers
Stock markets were quite mixed in the Asian session today without a solid lead from Wall Street as concerns over rare earth metal supply held back Japanese equities while currency markets are awaiting tonight’s ECB meeting. Most of the undollar’s remain in a strong position vs the almost dethroned King Dollar with the Aussie about
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