The Reserve Bank of New Zealand was one of the most aggressive central banks in the world, lifting the official cash rate to a peak of 5.50%. As illustrated in the chart below from Justin Fabo at Antipodean Macro, New Zealand’s official cash rate remains overly restrictive, despite 0.75% of cuts delivered over the past
Throughout the last eight years of China pressuring Australia, the ALP has spent nearly all of its time blaming the LNP for the breakdown in the relationship. This blame came from all quarters, including Kevin07. The PM, former PMs, former and current foreign ministers, ministers, premiers, and wonks. Now, according to the mercurial Kevin07, they
It’s interesting what constitutes a scandal these days compared with just a few years ago. For example, sending people debt notices illegally for money they didn’t owe only got a passing mention. Paying ten times the price that land was valued at was ok. Giving millions to a firm whose office was a shack in…
The post In New Scandal Albanese Took Pen He Didn’t Own! appeared first on The AIM Network.
The RBA has been aware of the possibility that consumer spending could be stronger than projected, especially given the significant boost to household income from the Stage 3 tax cuts. This would complicate their goal of sustainably returning inflation to target. The below video from Westpac provides an overview of the latest Westpac-DataX Consumer Panel.
The past twenty years saw an explosion of cafes across Australia. For example, when I moved to the Melbourne suburb of Ashburton in 2006, there were only a handful of cafes along the local High Street shopping strip. In the years leading up to the pandemic, the number of cafes expanded to more than a
The post Australian cafes facing recession wipeout appeared first on MacroBusiness.
The Market Ear with stock internals. Oil at massive levels (again) Oil is trading around the massive $72 area again. We have dipped below the level on a few occasions, but these are make or break levels to watch. Refinitiv Oil and rates Oil and rates have moved in perfect tandem for a long time.
The post Stocks “coiled spring” appeared first on MacroBusiness.
For decades, the cultural phenomenon known as Americanisation has taken place with diffusing ease. Momentum was gained with the retreat of communism from Europe’s eastern states with the end of the Cold War and the eventual termination of the Soviet Union in 1991. Global brands of Americana from fizzy drinks to Dallas became pervasive cultural presences.…
The post Cattle Dog Gusto: How Bluey Conquered the United States appeared first on The AIM Network.
The East Coast gas cartel continues to rort like it’s going out of style with gas prices glued above Albo failed $12Gj price cap even in the off-season: Leading directly to unseasonally high power prices: This makes statements yesterday by Barnaby Joyce rather interesting: Former deputy prime minister Barnaby Joyce says Australia will be “poor”
It's been about a week since I deleted my Twitter account and signed out of Facebook, and honestly, I'm feeling pretty good about it. I don't miss Twitter at all. Over the last year, it had turned into such a festering sinkhole. Still, totally, finally nuking the account was a big decision. Facebook is a bit harder to drop; a few friends and family scattered around the world still rely on it to stay in touch, so I'm sort of stuck with it. But I’d been wasting way too many hours a week mindlessly scrolling, and I decided to just sign out.