... With Trump's win, the Liberals would have thought the latest manifestation of a widespread international swing to the right would put wind in their sails. But the counter-argument has grown — an erratic and autocratic Trump is making some Australian voters feel more unsettled and inclined to stick with the status quo.
Quick quiz. Suppose you read a headline in the online version of the Wall Street Journal (or NY Times etc) stating that, from now on, US Treasury bonds would be redeemed in crypto. Would your response be
(i) That’s absurd. Either it’s April Fools Day or someone has hacked the website
(ii) That’s unlikely. Surely [1] Wall Street will be able to kill this crazy idea
(iii) That will be tricky. Which cryptocurrencies will be included and what will be the exchange rates?
The Real Estate Institute of New Zealand’s (REINZ) house price index (HPI) for January was released this week. Nationally, home values declined by 0.2% in January to be 1.4% lower year-on-year. The seasonally adjusted HPI recorded a slight increase of 0.1% in January, which was lower than the 0.7% rise in January 2024. After experiencing one
The latest insolvency data from the Australian Securities and Investments Commission (ASIC) shows that 1,420 businesses in the hospitality industry became insolvent in the first seven months of 2024-25. This represented a 62% increase on the 877 hospitality businesses that went under in the same period of 2023-24 and 156% higher than the same time
Victoria’s public debt is already the highest in the country, and the state has the lowest credit rating. One of the causes of Victoria’s ballooning debt is the state’s wasteful infrastructure splurge, which frequently involves massive projects that do not stand up to critical examination. Victoria has recently seen cost overruns totalling $2.5 billion for
Chinese house prices are bouncing along the bottom. Goldman. The National Bureau of Statistics’ 70-city house price data suggest the weighted average property price in the primary market decreased by 0.8% mom annualized in January after seasonal adjustments. Both Tier-1 and Tier-2 cities continued to show sequential increases in primary home prices in January, albeit
The Bank of Russia (CBR) has said it is not in talks with the US administration regarding the removal of economic sanctions imposed over the Ukraine conflict. Washington has signaled that sanctions relief could be a part of the peace process to end hostilities, leading to speculation in the media about potential discussions.
