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Labor drowns in energy lies

June 19, 2025 - 11:00 -- Admin

Labor’s Powering Australia Plan claimed that it would cut NEM wholesale power rates by $11 per MWh (from $62 to $51) by 2025. Prime Minister Anthony Albanese praised RepuTex Energy’s analysis as “the most comprehensive modelling ever done for any policy by any ­opposition in Australia’s history since Federation”. Albanese also regularly claimed that Labor

Australian dollar resilience returns

June 19, 2025 - 10:30 -- Admin

DXY went nowhere. AUD recovered some. Lead boots are going sideways. Oil short? Metals bifurcating. Biug miner bear one for the ages. EM meh. Junk hasn’t budged. Long end sort of OK. Stocks nothing burger. Here are the Fed headlines. *FED HOLDS BENCHMARK RATE IN 4.25%-4.5% TARGET RANGE *FOMC MEDIAN FORECAST STILL SHOWS 50 BPS

Australia is a R&D wasteland

June 19, 2025 - 10:00 -- Admin

Australia’s annual R&D spending has also fallen to only 1.68% of GDP, well below the OECD average (3%) and the lowest among developed nations. As a result, the Albanese government has launched a review into Australia’s R&D, which is analysed below by independent commentator and MB Subscriber, Stephen Saunders. By Stephen Saunders Thus far, Australia’s

Macro Morning

June 19, 2025 - 09:00 -- Admin

Overnight saw the Federal Reserve hold fire in their latest FOMC meeting although the reasons were more domestic than foreign macro problems as the Trump regimes tariff tirades are really starting to slowdown the US economy. The potential entry of the US into the fraca in the Middle East gave risk markets further pause but

Lower immigration, not subsidies, will solve the housing shortage

June 19, 2025 - 08:00 -- Admin

Master Builders Australia (MBA) has used a submission to the Productivity Commission to argue that the federal government should provide tax incentives to builders who meet industry standards. The MBA argues that this would help boost competition, investment, and productivity in the sector, while also reducing the cost of building new homes. MBA CEO Denita

Australia’s job boom turns bust

June 19, 2025 - 00:05 -- Admin

Australia’s unemployment rate is currently 4.1%, a historically low figure. The low unemployment rate has been driven by the boom in non-market (government-funded) roles, such as those related to the NDIS. The latest batch of data suggests that job growth has stalled, portending rising unemployment. As illustrated below by Justin Fabo from Antipodean Macro, last

Macro Afternoon

June 18, 2025 - 16:30 -- Admin

The Israel-Iran war continues to dominate risk markets as the TACO-in-Chief threatens to join in with bunker busters and demands unconditional surrender. The dealmaker in action! The USD remains weak against almost all the undollars while domestic Japanese data is keeping Yen weak after the BOJ taper plan announcement. The Australian dollar is hovering around

Thinking about lithium? Don’t

June 18, 2025 - 13:30 -- Admin

Usually, you want to buy a commodity when it is cheap and its producer is expensive. This is because low prices curb supply in commodities relatively quickly, so high mining valuations are usually a sign that the market is bottoming out. I have been expecting this kind of cycle to play out repeatedly with lithium

Trump is a military chicken, too

June 18, 2025 - 13:00 -- Admin

If there is one thing that MAGA hates, it’s neocons. Those fanciful folk who thought they could lead the world to US nirvana at the point of an assault rifle. Pre-emption was their code, and regime change was their method. They tried in Afghanistan and failed. Then Iraq and failed slightly less. MAGA hates them

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