As noted many times, Australia enjoyed a few brief sane years of trade diversification when ScoMo stuck COVID up Beijing in 2020 and the nation responded by looking for other markets. Since then, Albo has bent over forwards to restore the same trade vulnerability. Thankfully, he partially failed because the Chinese trade mix has changed,
NDX is threatening to make a mess as recent range breaks down. Charts from TME. The fringe always leads the centre. Enough? SOX socked. So far, it has been software that has crashed, but if semis follow, then the AI story is cracking up. Tech volatility is near range lows unless this is something new.
The Albanese government’s 5% deposit scheme has encouraged many Australian first-home buyers to enter the market. Introduced in October 2025, the First Home Buyer Guarantee program allows eligible buyers to purchase a home with a 5% deposit, with the federal government guaranteeing the remaining 15%. This means buyers avoid paying Lenders Mortgage Insurance (LMI), which
As the full scope of the decline of the Coalition continues to become apparent, elements of the Labor base are revelling in the ongoing political demolition of their longtime rivals. According to the latest polling from RedBridge, the Coalition is polling just 19% for their primary vote, compared with 26% for One Nation. While it’s
The ferrous jaws are closing, though we still need a price nearer to $90 for iron ore for steel enterprises to make sense. With a mild cyclone season so far, price pressure is likely to continue into CNY, which runs from February 16 to February 22. Typically, there is some kind of bounce afterwards before
The Reserve Bank of New Zealand has slashed the official cash rate (OCR) by half (2.25%) since mid-2024: These rate cuts by the Reserve Bank have reduced mortgage borrowing costs dramatically, as illustrated below by Justin Fabo from Antipodean Macro: Normally, such a sharp reduction in interest rates would stimulate activity, leading to a rebound
One of the worst fads of the energy transition has been the push from various state authorities to get households off gas and onto electricity. Tony Wood at the corrupt Grattan Institute began it. Various gullible and noxious pollies, especially in VIC, embraced it as a great distraction from Wood’s former employer and Grattan sponsor,
Victorians have experienced acute Stockholm Syndrome with respect to the state Labor government. Victoria’s nine-month lockdown during the Covid-19 outbreak was among the longest and most severe in the world. The state government’s incompetence in handling hotel quarantine and enforcement contributed to this situation. Victoria’s infrastructure projects have experienced massive cost overruns, and the government
DXY isn’t going away as Trump cancelled a Friday meeting with Tehran. Australian dollar fell but remains strong. CNY is supportive. JPY is about to become a problem again. Gold trying. Iranian oil lift. AI metals are in free fall. Miners don’t care. Jim Cramer is now recommending RIO. Look out below. EM toppy. Junk
Another uneasy night on risk markets with concerns mounting over the Iranian situation as talks collapse while Wall Street took another tumble on tech stock volatility. The USD came back against some of the majors, particularly Yen while a fall in commodities like copper and gold saw the Australian dollar lose ground to revert below