The ferrous complex continues typical seasonal trading. This is all rather silly. Bloomberg. Iron ore gained after a Chinese consultancy said several steel mills had been told by authorities they will need to temporarily halt production later this month due to air pollution concerns.\ I know the market likes to be contrarian, but steel cuts
In the world of United States economics, it has been said that “the construction cycle is the economic cycle”. Looking at the data, there is certainly a degree of truth to that, with the number of homes under construction peaking and then falling significantly prior to 4 of the last 6 non-pandemic-related recessions. Perhaps the
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New Zealand’s economy continues to struggle. The nation’s labour market has seen unemployment and underutilisation rates soar to near-decade highs outside of the pandemic. New New Zealand has lost close to 40,000 jobs since late 2023, with younger workers bearing the brunt. Unofficial labour market indicators, including SEEK’s job ad and applications per job ad
America is well prepared for the AI shock that is underway in its entry-level positions. It has sensibly reduced immigration to zero, ensuring that local youth are not competing with cheap foreign labour. Even so, there is increasing evidence that AI is moving faster than the economy can keep up. A few days ago, I
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As anyone who reads my stuff knows, I have been kicked off Facebook permanently, and while initially confused as to why it happened, I came to the conclusion that it was because of my posts about the genocide under way in Gaza and the running of the community standards system by zionists1. At the time, I said I’d look around for alternatives.
Melbourne’s housing market has experienced a long period of price stagnation compared with the other major capital cities. According to PropTrack, Melbourne’s median dwelling values rose by only 19.2% in the five years to July, compared with an average increase across the combined capital cities of 45.5%. Melbourne’s median dwelling value in July 2025 was
Last night saw risk markets stumble due to a lack of economic catalysts as traders await tomorrow’s US CPI print to see how sticky the inflation from the Trump regime’s stupid tariffs are affecting US consumers and hence the trajectory of the US Federal Reserve. The USD was mixed or slightly higher against the majors
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The Digital Media Bargaining Code, brainchild of Josh Frydenberg, unopposed by Labor, is lining the pockets of the big end of town. What’s the scam?
US President Donald Trump has described Russia as a “warring country,” saying Moscow has been engaged in conflicts for centuries and “just keeps on fighting.”
Trump made the remarks on Monday at a press conference, where he talked about his upcoming meeting with Russian President Vladimir Putin in the US state of Alaska to discuss a possible settlement of the Ukraine conflict.
DXY is back! AUD is not. Lead boots plod on. Gold bashed. Metals too. Big bear intact. EM shaky. Junk fine. The curve steepened. Stocks sold. At issue is the US CPI tomorrow. Goldman. Our analysis implies that tariff effects have boosted the core PCE price level by0.20% so far. We expect another 0.16% impact
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US President Donald Trump has again said that a land swap for peace will be discussed at the upcoming summit with Russian President Vladimir Putin in Alaska. The statement clashes with Ukraine’s Vladimir Zelensky’s earlier refusal to consider any territorial concessions.
The Department of Justice (DOJ) on Thursday upped the reward it’s offering for information that leads to the arrest of Venezuela’s President Nicolás Maduro to $50 million.
Israel's ambassador to Australia Amir Maimon says the recognition of a Palestinian state will do nothing to end the war in Gaza.