Stock markets were doing well in Asia until it seemed like a leak of tonight’s US unemployment print by Trump spitting his dummy calling for Fed Chair Powell’s resignation. This saw most equities pull back alongside S&P futures while the USD firmed against the undollars, with Yen easing off as speculation the BOJ may raise
The St Louis Fed recently did an interesting AI survey that suggested the benefits of AI are large in certain areas but far from uniform. For each generative AI user, we computed the percentage of working hours saved as the ratio of time saved in the previous week to hours worked in that same week.
Wokey has been trying to turn Australia into a Chinese satrap for a few years now. It is little more than jingoistic and self-serving ignorance as it bristles about losing Big Tech revenues, but it’s currently in tune with local Trump Derangement Syndrome, so it is more dangerous than usual. Wokey can barely contain itself
Gone through 2026. The ABS. The seasonally adjusted balance on goods decreased $2,621m in May. Goods credits (exports) decreased $1,168m (2.7%) driven by Non-rural goods. Goods debits (imports) increased $1,453m (3.8%) driven by Capital goods. The year has been OK for exports because most of the bulk commodity falls have been in coal, which is largely
One of the narratives put forward for high levels of immigration into Australia is that migrants are required to build sorely needed homes. At face value it seems to make sense. After all, we have a housing deficit that AMP’s Shane Oliver puts at up to 300,000 homes (once household demographic factors are added in)
If we imagine for a moment that pigs had little wings and made their home in the skies, and governments would do nothing to attempt to boost property prices even as they flatlined or grew at a level consistent with the CPI, we can credibly forecast a scenario in which housing would be on the
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen looked through what worked in 2025, what didn’t and where we are opening 2026. View the presentation slides Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund, which is
Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen look through what worked in 2025, what didn’t and where we are opening 2026. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund, which is powered by Nucleus
In the nation’s collective consciousness, there is the narrative that there is a city experiencing a nation-beating exodus, where outflows of its residents are on the road to being biblical in their scale. That city is Melbourne. In the years since the pandemic began, the perception of the bayside city has changed dramatically, from one
As the cost of living crisis continues to bite for millions of Australian households across the country, the experience for other households could scarcely be more different. While stereotypes of irresponsible young people living off $15 coffees and smashed avocado on toast are legion on social media, the data from CommBank iQ presents a completely