The Reserve Bank of Australia (RBA) noted in the minutes of its board meeting for November that there are signs that the job market is beginning to tighten. The unemployment rate was steady at 4.1% in October. RBA governor Michelle Bullock has previously indicated that the strength of the labour market is among the reasons
Two hundred and fifty years after the publication of Adam Smith’s Wealth of Nations, our leaders insist that the prosperity of citizens rests upon a trickling down of bounty from the export of raw materials. This simplistic narrative is told, and retold, by almost every newspaper editor in the country, over and over again, in the form of a Gregorian chant without end.
Steel and iron ore futures are range trading. Goldman presents further evidence that the steel and bulk markets are balanced for now. The forward order books of mills were flat to up MoM in November, better than the past seasonal pattern, while the absolute level of demand remains soft. Among all key demand segment, orders
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‘Almost no chance of survival’ – Ukraine’s ex-top general tells troopsFrontline conditions demand a kill-or-be-killed mentality, Valery Zaluzhny has told soldiers
Collapse can happen in mostly three ways: sudden, progressively or change in sustainability. For many it seems that the Western civilisation is collapsing and someone in Joe Biden’s administration is working hard to make sure the entire human species goes down with it. There are counter-currents hopefully and what we might see is a realignment of greater human purpose in a senseless world.
You can’t keep a good DXY down, AUD smashed back to the canvas. North Asia has hardly responded yet. Gold weathered the storm. Dirt not so much. Nor miners. EM caput. Junk still a worry. As the US curve flattens. Stocks struggled. DXY is at the trading range highs. I expect this will eventually break
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CBA Senior Economist Stephen Wu has released the bank’s forecasts for the upcoming monthly CPI indicator. CBA expects the monthly indicator to record annual headline inflation of 2.1% in October, near the bottom of the Reserve Bank of Australia’s (RBA) target range of 2% to 3%. Wu notes that other measures of inflation have shown
By Denis Hay Description Explore how educating Australian voters can reform the two-party system for a compassionate and true democracy. Introduction Australia’s political landscape has long been dominated by a two-party system that often does not stand for the diverse interests of its citizens. Many Australians feel disconnected from a government that seems increasingly influenced…
Nothing better sums up the divergence of economic fortunes between young and older Australians than this week’s analysis of spending habits by age from the CBA. The only chart that comes close is the following, showing the collapse in home ownership rates among younger age cohorts, while older age home ownership rates have remained stable.
an earthquake has shaken the WH foundations. the media and stephen colbert investigate in depth.....
As we are constantly bombarded by the ongoing conflict in Gaza and the ever-widening theatre of war to now include The West Bank, Golan Heights and Lebanon, along with the ever-present threat of Iran being swept up in the carnage, it is important to consider the history of the region, beyond Israel/Palestine and definitely well…
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