Asian stock markets are somewhat mixed after a similarly lacklustre performance on Wall Street and in European stocks overnight as currency traders position for tonight’s ECB meeting. Locally the latest unemployment print surprised to the upside with both Australian stocks and the dollar rebounding higher although the latter is falling back going into the London
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Decades after the end of the Cold War, the US continues to employ proxy warfare as a central strategy in its confrontations with major global rivals, particularly Russia and China. This approach enables the US to extend its influence and pursue its geopolitical objectives without direct military engagement, instead relying on third-party actors to do the heavy lifting.
The Chinese Housing Ministry is busy giving the latest yawnulus briefing today and it is not going well. On the surface, it appears bad for prices but better for construction volumes: China said it will expand a program to support “white list” property projects to 4 trillion yuan from about 2.23 trillion yuan already deployed,
It is incomprehensible that Australia’s leading business paper, which should understand the interaction of supply and demand, lacks the honesty to mention demand when evaluating the housing crisis: The AFR View rightly claims that “housing affordability” policies like looser lending standards and shared equity are unhelpful to Australia’s housing affordability crisis. It also argues that
The AEC released the final maps and data for the Victorian federal redistribution earlier today. In this blog post I’m going to post my final estimates of primary votes, two-party-preferred and two-candidate-preferred margins for each seat. At the end I’ve also posted the final pendulum after the completion of the redistributions in New South Wales, Victoria and Western Australia, although we have the draft boundaries for the NT redistribution due tomorrow.
Any new deal to keep Russian gas flowing to the European Union through Ukraine would be a “dangerous”choice, the bloc’s energy chief, Kadri Simson, claimed on Tuesday.
EU countries are well prepared for a winter without Russian gas, the energy commissioner said at a news conference following a meeting of the bloc’s energy ministers in Luxembourg.
On Thursday, Victorian Treasurer Tim Pallas was interviewed about the additional $837 million blowout in the cost of the Metro Tunnel Project, which was originally costed at $10.9 billion when it was first announced in the 2016 State Budget, but several escalations have pushed the price tag to $13.48 billion. There have been massive cost
Under the heading “Justin Trudeau is wrecking Canada’s liberal dream”, The Economist this week may also have condemned Anthony Albanese. “It is A time of massive anxiety.” Justin Trudeau was talking about Canadians’ economic outlook, pitching the durability of his liberal project to a gathering of global progressives in Montreal last month. “People notice the hike in their
The Australian Bureau of Statistics (ABS) released labour force data for September, which was unambiguously strong. The participation rate and employment-to-population rates edged to fresh record highs, while the unemployment rate ticked lower to 4.1% (from 4.2%). As shown above, 64,000 jobs were created in September in seasonally adjusted terms, well above consensus forecasts of
John Kehoe is a twit: The media intrigue over Prime Minister Anthony Albanese’s $4.3 million coastal home joint purchase with his fiancee confirms that tall poppy syndrome is alive in Australia. In the United States, where I lived for almost five years as a foreign correspondent, Americans celebrate financial success. Billionaire Donald Trump was elected president
I had an email from the Beast this morning, inviting me to drop a couple of hundred dollars I didn’t have on a shiny object I didn’t need.