One of Australia’s most significant educational policy failures was the gradual closure of secondary technical schools between the 1970s and 1990s, driven by the mistaken belief that young people should attend university. The mistakes were then compounded when governments redirected funding for vocational education and training (VET) to universities, alongside redirecting what little VET funding
The ferrous complex is still easing after the recent ill-conceived push. The outlook remains weak. The big event refers to a September 3 Beijing ceremony, commemorating the 80th anniversary of the end of World War Two. Chinese steelmakers, especially those in the northern region, usually constrain production before big events to ensure air quality in
What happens when Jordan Peterson and Naftali Bennett get together to defend the indefensible? From distorted narratives to blatant hypocrisy in an effort to justify positions that so many see as morally bankrupt. Watch now and learn why their narrative must be challenged
https://www.youtube.com/watch?v=zGbn7cJ0L68
Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, look at a number of concerns that investors have about market concentration. The two big ones: (1) With almost 40% of the US market in the hands of just 10 stocks (2) at the same time the amount of money in passive stocks
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These poor folks at the ABC are a leading indicator. Regional Victorian residents in 10 towns reliant on standalone gas networks are in shock after learning their supply will be cut off by the end of next year. Solstice Energy has announced it will phase out its compressed natural gas (CNG) networks in Robinvale, Swan
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What is the wokester to do when his great enemy, Trump, tries to end wars? Simple! Abandon the suffering to protect his virtue. Wokey is just awful these days. Talking of chaos, there is yet more tariff news (at the time of writing it is top of the ABC, Reuters, The New York Times, The Wall Street Journal, CNN, BBC, and
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UN climate chief Simon Stiell jetted into Australia to blame us for the world’s climate woes. Stiell claimed that Australia will let the world “overheat” and stated that fruit will be a “once-a-year treat” if the Albanese government doesn’t lift its clean-energy ambitions. He also warned that unambitious interim targets would destroy Australia’s “high living
The Market Ear on gold. UBS on gold 1. World gold Council’s 2Q data shows a slight slowdown in central bank gold buying, but 43% of reserve managers still plan to increase holdings (vs. 29% in 2024). 2. Investment demand is strong, led by ETFs and bar/coin buying. 3. De-dollarization, sanctions, Fed doubts, and geopolitics
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Millie Muroi from The SMH noted that Australians are working more hours to compensate for declining productivity. “Given productivity—the amount of goods and services produced for a given level of resources, including hours worked—has stagnated over the past decade, Australians may be compensating by putting in more legwork”, she wrote. “According to the OECD, Australians
Now that we have the final booth results for the Tasmanian state election, I’ve decided to add another chapter to a series of blog posts analysing the geographic trends of individual candidates within each party within each electorate. You can read my blog posts about the 2021 election and the 2024 election here. I’ve also done similar analyses for ACT elections.
The Albanese government cannot be trusted on immigration. In 2023, former Home Affairs Minister turned Housing Minister Clare O’Neil delivered a keynote address to the AFR Workforce Summit, where she bemoaned the blowout in temporary migrants under the former Coalition government: Today, really for the first time in our modern history, our uncapped, unplanned temporary
Risk markets moved on geopolitical and outright political shenigans overnight with Apple pushing the NASDAQ over 1% higher while possible good news over Ukraine – via the US bullying India into submission over its Russian oil purchases – and more speculation about changes at the US Federal Reserve kept the USD significantly weak. Only Yen
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DXY is dropping again. Sticking with the recent rally pattern, AUD is not rising as fast. Lead boots are stable. Gold is firm, oil weak. Metals tracked DXY. Big bear intact. EM rebound. Junk too. Yields firmed. BTFD! The AUD has resumed rising with broader risk. Or, should we say, resumed inflating with the broader
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