Leith and I have both explored the extraordinary price of coffee in Australia, with causes as varied as the price of beans in Brazilian drought to local labour costs and draining income. Coffee is now a luxury item. And the cafepocalypse in full swing. I admit, we’re not losing much here. I have long criticised
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Industry slams axing of $1 billion wind farm as “highly political,” as doubts raised over objections
The Market Ear with more. So little exuberance Positioning and sentiment remain muted across the board. Hedge fund leverage is at cycle lows, CTAs and systematics are neutral, and there’s over $7 trillion parked in money markets. With so little exuberance, it’s hard to get truly bearish from here. Let’s examine the latest positioning and
Except that it is very common! GPs in NSW will soon be able to diagnose and prescribe medication for attention-deficit hyperactivity disorder (ADHD), under major changes that will slash appointment wait times and make it more affordable for children and adults to receive a diagnosis and treatment. The NSW Labor government will pay for GPs
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Here comes the bear doves, via The AFR: Tim Toohey was the local chief economist at Goldman Sachs for more than a decade. Now at major money manager Yarra Capital, Toohey said he expected five quarter-point rate cuts, to 2.6%, by August next year. Toohey said he had two reasons for this unorthodox position. First,
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Victoria has become an economic leech on the nation. In 2024-25, Victoria received a massive $3.8 billion boost in its GST, whereas Queensland lost $384 million and NSW lost $188 million. Victoria also received $411 million in additional grants from the Commonwealth in 2024-25. For 2025–2026, Victoria’s GST allocation was increased again by $3.7 billion,
According to Robert Gottliebsen, the architect of Australia’s compulsory superannuation system, former prime minister and treasurer Paul Keating, is said to be furious about current Treasurer Jim Chalmers’ plans to tax unrealised gains within superannuation for balances above $3 million. Back in the early 1990s, Keating and union leader Bill Kelty joined forces to implement
Deloitte Access Economics has released its Quarterly Employment Forecasts Report, which paints the picture of a job market propped up by record government spending. Deloitte notes that almost 390,000 Australians found jobs in the past year, with around two-thirds being full-time, “highlighting the labour market’s resilience”. However, “the overall strength of the labour market has