Peter Hartcher did a great job of summing up cowardly Albo on the weekend. …as the People’s Liberation Army Navy conducted “what can only be interpreted as an act of intimidation”, in the words of sinologist Anne-Marie Brady of New Zealand’s University of Canterbury, Albanese tried to minimise it. He tried so hard he tripped
Let us begin with AEP in full flight. Telegraph. Donald Trump’s assault on the US federal government and the world’s interlinked manufacturing system have together reached an economic tipping point. “It seems almost unavoidable that we are headed for a deep, deep recession,” said Jesse Rothstein, Berkeley professor and former chief economist at the US
A very busy end of month session on Friday night saw a drop in US consumer spending but Wall Street played the short covering game while Chinese volatility spiked earlier in the session, causing European shares to make no advances. The USD is coming back against the undollars with new daily lows in Euro due
Goldman on the currency fantasy. We remain skeptical of a centrally-planned currency accord, but open to the possibility that shifting government policies around the globe could bring about the right conditions to weaken the Dollar. The market and macro set-up heading into either the Plaza Accord or the Smithsonian Agreement was very different than it
CoreLogic’s results for February show that Melbourne is now the cheapest major capital city housing market in the nation. Melbourne’s median dwelling value was $772,561 at the end of February 2024, $124,052 (14%) below the national capital city median. The improved affordability of Melbourne’s housing market follows subdued growth over the past five years. As
DXY is back again as EUR pukes. AUD whoa! Gold bubble bursting. Commods cooked. Miner massacre. EM deepsuckered. Junk unconcerned. Curve steepening. Stocks late rescue. This is ignominious stuff from the child president and his hillbilly cheerleader. The upshot is no deal to end the war. Though it is all so childish, a complete reversal
Asian share markets are slumping across the board as confidence evaporates from risk markets due to continued selloffs on Wall Street as bond markets rally in fear of US recessions and the new global trade war. The USD is firming up against some of the majors with the Australian dollar still falling back, about to
Below is a brilliant guest post by Misha Saul, examining how immigration bureaucrats like Abul Rizvi have damaged Australia through excessive immigration levels. I recommend reading Misha Saul’s article alongside my latest critique of Abul Rizvi’s spurious arguments justifying mass immigration. Australia’s Rule by Bureaucrat How the technocrats lost control over Australia’s borders [T]he characteristic
Lol. This must be a joke. Jim Chalmers has launched a pre-election campaign blitz in vulnerable NSW Hunter and central coast seats, as he answers the calls of Labor MPs concerned that surging support for Peter Dutton and Anthony Albanese’s unpopularity will cost them their seats. After high-level meetings with senior Trump administration officials in Washington DC, Dr Chalmers arrived
I noted yesterday the marvel of central planning housing in action. How it appeared to be deeply corrupt, out of touch with local needs, not to mention hopelessly short of the supply needed. Today the entire enterprise in Sydney turns from boondoggle to farce in one “No, minister” moment. SMH. Large parts of Sydney’s inner