On Tuesday, the Reserve Bank of Australia (RBA) cut the official cash rate (OCR) by 0.25% to 3.60%. The RBA has now cut the OCR by 0.75% from its peak of 4.35%, and most economists and financial markets expect another two rate cuts to be delivered by mid-2026. The following chart from CBA shows that
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The meltup is grabbing every underpriced entity and sending it mad. The Market Ear. Russell reviving Russell putting in the biggest up candle in a very long time. Close this a little higher, and the massive Russell short will feel proper pain. Source: LSEG Workspace Record Russell short Hedge fund shorts in the Russell 2000
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For years, MB has argued that the federal government’s projected budget deficits, expected to last at least a decade, are largely self-inflicted. The fact of the matter is that Australia could have all of the budget revenue that it needs if it merely copied nations like Norway and Qatar and taxed its resource exports properly.
Australia is the last redoubt of the globalists. All we do is fret over other people’s problems while our living standards and values are slaughtered. This is not coincidental. It is the evolution of a system of mind control, many years in the making, much worse in Australia than anywhere else I can think of.
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No bad surprises were contained within the US CPI print released overnight although the core inflation figures continue to lift higher, it still gave most market respondents and sycophants alike the opportunity to push for a September rate cut from the US Federal Reserve which has sent Wall Street flying higher and pushed the USD
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The way India manoeuvres reflects the key features of both the current global landscape and the ongoing process of its transformation. This process began almost immediately after the Cold War ended, but in recent years, it has accelerated at an unprecedented pace. In turn, the rapid transformation of the world order inevitably injects various factors of uncertainty into the political arena.
DXY fell last night. AUD bounced but it’s not exactly tearing the roof off. Lead boots are stuck fast. Gold was disappointed. Base metals are king dollar playthings. Big miners are having another crack at the big bear. EM at the highs. Junk breaking out. Bullish. Yields muted after US CPI. Stocks certain of Fed
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The Australian Jewish Association and its charity arm, the Australian Jewish Association Tzedakah Incorporated, are facing a landmark legal challenge after more than a year of alleged racial and religious vilification targeting Palestinians and Muslims.
Ukraine is preparing a new provocation to disrupt negotiations between Russian President Vladimir Putin and his American counterpart Donald Trump in Alaska on Friday, according to the Russian Defense Ministry.
Polish Prime Minister Donald Tusk has accused “local idiots” and “foreign agents” of stoking tensions between Poland and Ukraine, following the display of a flag used by Ukrainian Nazi collaborators who participated in the ethnic cleansing of Poles during World War II, at a rap concert in Warsaw.
The Albanese government’s National Housing Accord target of building 1.2 million homes over five years was always a delusional pipe dream detached from reality. The record single year for Australian dwelling completions was around 223,500 in 2017, when the nation was building huge volumes of defective high-rise apartments. However, economic conditions were far more favourable
