Sinocism with the note. The Covid news just gets grimmer. Cases continue to rise in Beijing, Chengdu and Shenyang are now rolling out mass testing, and Zhengzhou has started five days of “fluid management” for its central district, a Covid control term that appears to be a euphemism for “lockdown”. Apple’s excessive reliance on the
Propertybuyer CEO Rich Harvey has told The AFR that he expects an upturn in distressed property sales by mid-2023. “I think there’s about a six- to nine-month lag effect on the rate rises flowing through the economy”, Harvey said. “I think that when people with large mortgages come off their 2% fixed rates to 5%
Terry McCrann has penned another article deriding the Reserve Bank of Australia (RBA) for being too timid with interest rate hikes, claiming it should follow the Reserve Bank of New Zealand’s (RBNZ) bold increase in its official cash rate (OCR) to 4.25%. McCrann claims that allowing inflation to remain above the target range for too
The multi-employer bargaining provisions of the Secure Jobs, Better Pay Bill have been widely criticised by employers’ groups. However, even these groups agree that the current enterprise bargaining system is broken, but they have not put forward an alternative to multi-employer bargaining. Associate Professor Chris F Wright, who researches and teaches Australian and international industrial
More excellent Micheal Hartnett at BofA for 2023. 2022 in Words: “inflation shock” and ”rates shock” caused historic bear market on Wall St but no “recession shock” on Main St; exogenous shocks of Russia/Ukraine, China COVID, UK pension funds, FTX/crypto all negative on Wall St, but were offset on Main St by historically low unemployment
The great DXY puke continues: AUD took its cue: But oil did not. Thanks China lockdowns! Metals were soft: Miners don’t care: EM stocks firmed: It’s not credit-led but it’s helping: Except the yield curve is getting smashed and howling recession! Stonks only go up: Pretty wild stuff. The key market chart is crashing volatility
Wall Street continued to climb higher overnight, absorbing the latest FOMC minutes with aplomb, as the USD pulled back sharply against the major currencies as a result of the less than hawkish language contained within. The S&P500 Index built on its breakthrough above the 4000 point barrier on a reversal in risk sentiment while Euro
Here is my response to the Office of Kevin Rudd’s rebuke of my recent article arguing that it is time Labor acknowledge that the Morrison Government China stance was not (only) about domestic political wedging. KR: “you point to the Dastyari affair, but ignore how the Rudd Government tried to ban foreign donations long before
Find below a response from the Office of the Hon Dr Kevin Rudd AC 26th Prime Minister of Australia to this post. Pity your correspondent, for I will now have to reply without the aid of taxpayer largesse. Your column1 reflecting on Dr Rudd’s JG Crawford Oration is based on a series of half-truths and
Last week, multi-billionaire apartment developer, Harry Triguboff, penned an article calling for the NSW Government to “end the planning paralysis” so that he can build low quality dwellings, wherever he likes, and sell them to the Chinese. Now, the lobby group representing property developers, the Urban Development Institute of Australia (UDIA), has demanded that planning