The Q4 2024 national accounts from the Australian Bureau of Statistics (ABS) suggested that households remained in recession. Real per capita household consumption declined for a record eighth consecutive quarter. This followed a record 8% decline in real per capita household disposable income. On Thursday, CBA released its Household Spending Insights (HSI) for February, which
I posted two charts on Thursday showing the monumental task of transitioning Australia off fossil fuels. According to the federal government’s 2024 Australian Energy Update, only 9.4% of Australia’s energy consumption in FY2023 was from renewable sources. The breakdown of energy consumption by fuel source was as follows as of FY2023: Coal: 25.9% Oil: 38.9%
I have long argued that RIO’s treasonous Simandou mine is the Pilbara and QLD killer via crashing iron roe and coking prices. Increasingly, it is also a plain and simple killer of human beings. 13 worker deaths reported at Simandou since June 2023, sources and documents say Some safety guidelines not implemented, according to sources
This isn’t a debate, it is monkey’s throwing poop at each other from pre-determined political positions. News. Hundreds of thousands of householders facing power bill price hikes of up to $200 a year are set to secure more cost-of-living relief in the March budget. But the energy rebate move, which is expected to be unveiled
The Market Ear technicals still say buy! Inverse fear correction VIX is getting “sick” of the SPX move lower. Source: Refinitiv VVIX definitely not buying it VIX is muted, but VVIX is even more muted. Volatility markets showing green shoots of hope? Source: Refinitiv 12th of March = low point & turning point That’s it
Wall Street tumbled further overnight as the Fat Fuhrer again showed his exemplary trade making deals with a blustery response to the EU counter tariff schemes, all the while insulting the Irish PM to his face and giving short sellers a great opportunity to dump tech stocks. The USD is still somewhat mixed following the
NSW Treasurer Daniel Mookhey has pushed back against caps on international students, claiming such students are “as economic assets to be treasured, not as a problem to be capped”. “I think that our world-class universities are an immense economic asset to NSW. That is the reason why we are seeing an explosion in emerging tech
DXY is bank. Overcooked EUR in reverse. AUD went down with the ship. Led boots are made for stability. Oil down, gold up. Copper is the new gold. Miners are not. Nor EM. In better news for stock bulls, junk is breaking down. Yields fell too. The US PPI was soft. There’s still no sign
On Wednesday, I posted charts showing the record decline in Australian real per capita household disposable income. Annual real per capita household disposable income fell for a record tenth consecutive quarter, down 8.1% from the Q2 2022 peak. The magnitude of this decline is illustrated in the following chart, which compares the current episode against
Asian share markets are somewhat mixed yet again traders try to decipher where the battle lines are being drawn in the ongoing trade wars started by the increasingly isolated USA. The USD is trying to fight back but is seeing continued weakness against Euro and Pound Sterling with a mild bounceback in Yen this afternoon,