East Coast Australia has doubled its gas production over the past decade, yet the domestic market has been supplied with 25% less gas. Part of this decline in domestic gas use reflects demand destruction: the tripling of prices has caused manufacturers to shutter and reduced consumption. Despite being a major exporter, East Coast Australia now
Out with the new and in with the newer at the Lunatic RBA. Somebody has to be sacked. The Lunatic RBA has starved the pig for market day. There is no excuse for it. It’s been obvious for six months that inflation is beaten, yet it refused to budge. Now, we have a private-sector economy
The latest data from the Department of Education shows that a record 1.095 million international students were enrolled in Australia at the end of 2024. This was up by around 150,000 from the pre-COVID peak in 2019 and around 500,000 higher than a decade ago. It is astounding how a media outlet such as The Guardian
The Market Ear on the extreme bear. Equities S&P 500 decline has been more severe than the median bear market at this point in a sell-off. Source: Morgan Stanley 9th worst Weekly performance for the S&P 500 since WWII – last week’s decline (-9.1%) was the 9th worst. Source: Deutsche Bank In terms of sectors
Another ugly night on Wall Street that started out as a lovely time had by all as equity markets across both sides of the Atlantic rebounded on hope that everything is going to be ok. But that was a lie as the Fanta Fuhrer again spoilt the party after first suggesting a delay in new
DXY is hanging in there. AUD is not. As lead boots turn to concrete shoes. Commodities are the screaming meteor of death. Landing on big miners. EM lol. The junk skunk! Uh oh, Treasuries are selling with everything else…hello, Liz Truss moment. Stocks whoa. Here is your new world order chart with Trump’s 50% increase
Tom Elliott from Radio 3AW outlined multiple reasons why he believes Australian home prices will boom amid the fallout from the Trump administration’s trade war. First, Elliott argued that the share market rout is likely to see a flight to the perceived safe haven of property. “When the share market gets the wobbles as it
Everything is awesome again as Asian share markets rebound following a fake news rally on Wall Street overnight but looking through the bounceback its more than apparent that everything remains decidedly on edge, particularly with the growing trade war between China and the US. The USD lost ground against all the majors in the correlated
Forget the cost-of-living crisis. Forget the housing crisis. Forget the energy market. The biggest single factor that will determine the upcoming federal election is US President Donald J Trump. President Trump’s posturing has single-handedly rescued Canada’s incumbent Liberal progressive government from electoral annihilation, gifting it an election-winning lead. The Trump effect is also the biggest
This is not about coal or renewables. It is about gas. The Callide B power station in central Queensland will stay open for up to three years longer than its planned closure date and the life of the state’s other coal-fired generators will also be extended under a major policy shift by the Crisafulli government