By Stephen Saunders Anthony Albanese’s responses to Bondi hew to a script. Unpopular mass migration must continue—at any cost. Citizens must be socially “cohesive”—or else we’re racist. Less than 24 hours after Bondi’s studied sectarian slaughter—a ghastly new “landmark” for Australia—Prime Minister Anthony Albanese and his press gallery chooks had already agreed to a
A previously undisclosed $57 billion deterioration in the federal budget outlook has emerged since the election, driven mainly by higher long‑term spending under the Albanese government. The blowout means the budget is no longer expected to return to surplus within the next decade. Analysis by the office of shadow treasurer Ted O’Brien, independently verified by
Do we need LNG import termimals? In a common-sense world, we clearly don’t need them. We’ve got plenty of cheap gas at home. So, why are we still debating them? Gas producers in the south-east are voicing strong concerns about the plan to give the Australian Energy Market Operator the ability to underwrite new supply
I noted on Wednesday that Australia is facing surging energy demand driven by a combination of extreme population growth and the build-out of data centres driven by AI, cloud, and hyperscale investment. First, Australia’s population is officially projected by the Centre for Population to balloon by 13.4 million people (nearly 50%) by 2065–66, adding roughly
The ferrous jaws must close! SMM wraps it nicely. Today, iron ore futures were in the doldrums. Traders quoted actively, while steel mills purchased as needed and inquired cautiously, resulting in a slightly subdued overall trading atmosphere. This week’s SMM pig iron production survey showed that China’s average daily hot metal output reached 2.3492 million
The dark wish of every Beltway lunatic of the past fifty years is about to come true. All together now… Anarcho-imperialism marches on. President Donald Trump warned Iran to make a nuclear deal with the US or face military strikes, increasing pressure on the regime and propelling oil prices higher. Iran said it stands ready
Nothing much to move markets overnight except a looming war in Iran and a pause in the continued structural decline of the USD with both the Fed and Bank of Canada holding interest rates with ECB officials broadcasting a similar sentiment. A small bounceback in USD wasa not across the board however as the Australian
DXY rebounded, but the former support is still resistance. AUD didn’t care. The safe haven held. CNY supportive. JPY pulled back. Gold is a Middle Eastern missile. If oil follows… If oil follows then it will drag much of the commodity complex with it. Witness metals. Mining rocket. EM rocket. Junk rejection. As yields warm
In a recent poll conducted by Ipsos for ITV News in the U.K., over 2,000 Britons were surveyed on their attitudes toward current levels of migration, among other things. What it found amongst those who had an opinion was that high migration is opposed by a majority of Britons, not only among white Britons but
Alex Joiner, chief economist at IFM Investors, posted the following chart on Twitter (X) showing how underlying (trimmed mean) inflation in Australia has accelerated, raising the prospect that the Reserve Bank of Australia (RBA) will lift the official cash rate (OCR) by 25 bps at next month’s monetary policy meeting. The result meant that trimmed