Treasurer Jim Chalmers reportedly held an emergency meeting with Reserve Bank of Australia (RBA) governor Michele Bullock, suggesting deep interest rate cuts are likely. Some economists now expect the RBA to deliver the most aggressive interest rate cuts since the Global Financial Crisis in 2008. Futures markets are now tipping five rate cuts over the
Another fun night on risk markets as Trump folded on his tariff tirade with a 90 day stay of execution – except for China and everyone still gets a 10% hit irregardless of surplus/deficit/other vagaries – so of course the short covering was epic with Wall Street lifting 10% or more after the Royal Twit
DXY was stable. AUD through the roof. Concrete boots now. Oil and gold rally. Copper is the loon metal. Others dour. Big miners stuffed. EM pumped. Credit stress gone. But yields up. Stocks to the moon! All markets are now the plaything of the Orange Madman. Bloomberg. President Donald Trump announced a 90-day pause on
Realestate.com.au published an interesting article on how the Victorian government’s increases in taxes on investment property have landlords “under siege” amid falling rents: The report pointed to PropTrack research showing that median weekly rents declined or remained flat in more than 30 Melbourne suburbs in the year to February, meaning investors could be losing money
The number is 104, or approx. 10 more points than the average IQ in the White House but it will rattle markets around the world as the 104% tariffs on China from the Trump regime take effect, but this looks to be just another blip in the blooming trade war that has no end. S&P
On the one hand, you’ve got a booming business marking up your products into the US economy by ludicrous multiples of your low cost slave labour workforce. On the other hand, you’ve got Donald Trump taxing the living daylights out of your cost base at astonishing speed. Then, as you prepare to make a deal
The cognitive dissonance of the Grattan Institute is a sight to behold. This captured ‘think tank’, funded by taxpayers, corporate interests, and Melbourne University, continually produces propaganda on the immense benefits of running a mass immigration program while giving scant attention to the negative externalities on the housing market, infrastructure, productivity, living standards, and the
Money.com has released research suggesting “there could be more pain ahead for renters”. Money.com points to analysis of Australian Bureau of Statistics (ABS) Consumer Price Index (CPI) data showing that rents have risen by 14.2% over the past two years — more than double the overall inflation rate of 6.6%. This 14.2% increase reflects the
Justin Fabo from Antipodean Macro has published interesting charts showing how Australians continue to pay some of the highest mortgage rates in the world. The first chart shows that Australian mortgage rates on new home loans are the second-highest in the advanced world, behind those of the United States. Australia also has the equal highest
I appear to have written Peter Dutton’s gas policy, and what a Bobby Dazzler it is! Peter Dutton says the Coalition’s gas policy forcing LNG exporters to increase onshore supply and decoupling local prices from overseas markets will reduce wholesale prices by 23%, slash industrial retail gas bills by 15% and cut 7% from household