Propaganda is maddening in its resistance to all truth. The Australian. New sources of gas that have been earmarked to fix a looming east coast shortfall will not be ready in time and cost just as much as imported LNG, a report from Rystad Energy on behalf of gas pipeline operator Jemena has concluded. …But
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Gone are the days of iron ore’s Pavlovian response to China yawnulus. In days of yore, the following would have sent iron ore nuts. BofA. ThePBOC, NFRA and CSRC jointly announced a raft of monetary, consumption, capital market, and property measures to stimulate the economy. In terms of 1) monetary easing–PBOC will cut the RRR
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Goldman’s excellent Andrew Boak is still on point. Australia’s recent CPI data showed that core inflation is now tracking well within the RBA’s 2-3% target band, with six-month annualised growth in the trimmed-mean measure decelerating 25bps to 2.5%. Compositionally, a range of wage-sensitive services items showed significant disinflation, offsetting stickiness in some government-linked administered prices.
Twitter (X) user Oliver in WA posted the following stunning chart showing how Australians are heavily overweight in housing (4.5 times GDP) compared to other English-speaking nations. The same can be said about Australians’ mortgage debts, which are among the highest in the world when measured against incomes or GDP. The following chart from Justin
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Alex Joiner, chief economist at IFM Investors, published the following chart showing the structural decline in private demand over the past decade, offset by the surge in public demand. Joiner’s chart paints a picture of a ‘lost decade’ for the private sector economy. Indeed, population growth averaged 1.5% over the past decade, implying per capita
The Market Ear on the stocks stall. Boring for longer? VIX seasonality has been a bit delayed this year, but it looks like things will be boring for some longer… Source: Vixcentral Put hate is back The crowd tends to love puts at local market lows, and hate puts at local market highs. Source: Tradingview
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Australian taxpayers heavily subsidise electric vehicles (EVs). First, the Fringe Benefits Tax (FBT) exemption for battery EVs and plug-in hybrids (PHEVs) is estimated to cost the federal budget more than $550 million in lost tax revenue annually. However, the FBT exemptions for PHEVs expired on April 1, 2025, implying a future reduction in budget costs.
DXY rebounded. AUD went into hard reverse. Leda boots are OK. Oil and old muted. Metals no bueno for growth. Miners meh. EM meh. Junk better. Yields eased. Stocks out of uff. On a day when the US and China agree to trade talks and China launches another round of yawnulus, a falling AUD is
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A 2022 survey by the Carnegie Endowment for International Peace showed that Indian migrants overwhelmingly vote for Labor over the Coalition. In the 2022 federal election, Indian migrants voted 58:34 in favour of Labor over the Coalition. Chinese-Australians also seem to prefer Labor. The Tally Room found that at the 2022 federal election, almost all
