Goldman has declared DXY at the bottom. USD: That oughta do it. Over the last few weeks, we have written that Dollar underperformance looked overdone, particularly in DXY terms. Many of the factors that weighed on the Dollar through the summer had reversed—our data surprise index has steadily improved, recession concerns have faded somewhat, and
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It has been revealed that McDonald’s and its franchisees were paid up to $72 million under the former Coalition government’s Boosting Apprenticeship Commencements (BAC) program to train its staff. The BAC program aimed to help the post-pandemic recovery, but it has come under criticism from Labor MPs, unions, and former staff of fast food companies,
The popular vote is still firmly with Kamala Harris: But swing states have narrowed with critical PA nearly a dead heat: Betting odds still favour Harris: It’s going to be tight. Markets are not priced for Trump.
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AFR wunderkind Mark Di Stefano pretends to care about the housing torture of his generation. But as is the case with so many Millennials et al, the pursuit of change is cancelled when ideology overwhelms sense. In recent days, Matt Barrie has delivered several knockout blows to the national conversation around housing, clearly directed at
I’ve been consistently critical of the Labor party since Anthony Albanese became leader after Labor’s narrow but unexpected loss in 2019. It’s always easy to fall prey to confirmation bias in this kind of thing, making much of the bad and ignoring the good. To check my beliefs, I’m taking a widely circulated list of Labor’s claimed achievements, and giving my own responses. This is by no means a complete list of the governments achievements, and of course it doesn’t mention failures, but I’m confining myself to the list for now. Readers can judge whether I’m being fair.
Australians are experiencing the longest per capita recession on record, with six straight quarterly declines and seven declines over the previous eight quarters. The OECD’s latest economic outlook reduced Australia’s GDP growth prediction for 2024 to 1.1%, down from 1.5% in the previous edition in May. The OECD also predicted Australia’s GDP would expand by
We had a weekend away up on the north coast, staying just outside of Noosa, which was full of Victorians on holiday. There’s a cafe at Peregian Beach, a place called Fatima’s Hand, and every day they do a new muffin. One sweet, one savoury.
Of course, I have the sweet muffin.
This bad boy was pear, white chocolate and blueberry. There may have been a bite taken before I remembered to take a pic. I’m not sure how that happened.
This is why you need to pay attention to sponsorships like that of gas cartelier Origin Energy of The Grattan Institute. Last year, Grattan unveiled the worst piece of gas cartel propaganda seen in a decade (since its previous worst), when it declared that climate change mitigation depended upon getting households off gas: Australia needs
Not very, in my view. But Goldman offers some scenarios. Brent crude oil prices have risen 10% to $78/bbl since Tuesday as the market reassesses the risk of disruptions to oil production in the Middle East following Tuesday’s strikes on Israel. Under our assumption of no major supply disruption, we continue to expect Brent to
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The Market Ear with an outlook I basically agree with based on the unfolding US productivity boom. There is always a (bad) reason to sell But but but timing the market is our job… Koyfin DOW 60.000 The Dow Jones Industrial Average is on course to hit 60,000 by the end of the decade. Yardeni
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