By Leith van Onselen History never repeats but it sure does rhyme. Upon being elected in March 1996, the Howard Government commenced a program of cutting spending and jobs across public sector agencies, only to then hire an army of consultants and contractors. The grand irony from the Howard Government experience was that many of
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Via Chanticleer today former deputy director of the Central Intelligence Agency, Mike Morell, who is advising Magellen: “Being anti-Chinese is a bipartisan position in the United States,” Morell said, recounting his recent chat with Democrat Senator Mark Warner, who sits on the Senate select intelligence committee and said he had shifted his position on China in
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By Leith van Onselen Statistics New Zealand released its permanent & long-term migration figures for September 2018, which revealed that immigration into New Zealand has continued to drift back from record high levels, with 62,733 annual net permanent and long-term arrivals landing in New Zealand in the year to August, down from a peak of
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Via Foreign Affairs comes Kevin Carrico, lecturer in Chinese studies at Macquarie University, the translator of Tibet on Fire, and the author of The Great Han: Race, Nationalism, and Tradition in China Today: Classes in Marxism have long been compulsory in Chinese universities, normally welcomed by tired students as an excellent chance to catch up on their
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As interest rates rise the US housing market has begun to slow and stock prices of home builders have crashed: Is this the beginning of the end for the US expansion? Via BofAML: Home prices nationally, as measured by the S&P CoreLogic Case-Shiller index are running at 6.0% yoy as of the latest data in
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Scott Morrison sets his course for doom at the AFR: With independent Kerryn Phelps holding a modest lead over Liberal candidate Dave Sharma, who was closing the gap on Sunday, the Prime Minister pre-empted rumblings from both factions about the need for a policy response to a primary swing against the Liberal Party of more than
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Iron ore price for October 19, 2018: Spot down. Paper up. Steel down. At this stage prices are so high that it’s difficult to see them going much higher. That said, I can’t get very bearish while coking coal supply is constrained despite demand that is going to weaken. Perhaps a trading range up here
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DXY eased Friday night: AUD firmed against DMs: And EMs: CFTC positioning remains very short: Gold was firm: Oil too: Base metals were mixed: And big miners: EM stocks fell: Junk was soft: Treasuries were sold: Bunds bought: Italy eased: With stocks: Westpac has the wrap: Market Wrap Global market sentiment: US bond yields rose, the
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By Chris Becker You could call activity on equity markets last week as a return to stability, but that’s a stretch, as confidence remains cratered. A variety of macro and country specific risks continue to rise, from the Saudi’s malelovence impact on oil prices, Chinese share prices now in their fourth year of a bear
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As expected, Kerryn Phelps destroyed the Morrison Government in Wentworth on Saturday with the largest swing in by-election history. Should we celebrate? No. If Kerryn Phelps is the new face of Australian politics then we are sunk as a nation. Consider what we know. Ms Phelps is in favour of addressing climate change, killing offshore
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