There is no hubris like BHP hubris. When you put yourself in front of an angry dictator you’ve been gouging for twenty years, eventually you’ll get yours. China has widened a ban on BHP iron ore for the second time in two weeks, escalating a months-long contract dispute with the world’s third-largest supplier of the
One Nation proposes allowing wage-earning couples with children to split their income and file joint tax returns, potentially saving thousands of dollars in taxes each year. Senator Pauline Hanson launched One Nation’s income-splitting policy in January, which permits couples with at least one dependent child to combine their incomes and divide the total equally for
Let’s ask the question that’s plaguing the Australian bourgeoisie’s nightmares today: will the oil shock of 2026 crash house prices? I’m pleased to inform you that the answer is becoming increasingly “yes.” As a rule of thumb, every 10% rise in the oil price adds 0.4% to inflation. Given that Iran is winning the war
For decades, Israel has tried to trap US presidents in a war with Iran. All have dodged the trap until now. The American Idiot has walked straight into the trap, either due to his own stupidity or Jeffrey Epstein pictures, or similar, and the trap has snapped shut behind him. Consider how bad a day
In the weeks since news of the war in Iran first hit the airwaves, the Albanese government has been attempting to reassure the Australian public that there is no real concern about fuel supply in Australia. The focus was on claims that fuel stocks are adequate and above the minimum mandatory levels. On Thursday, Energy
Independent economist Gerrard Minack recently posted the following chart illustrating how Australia’s rental inflation has tracked population growth: CBA’s latest housing market update notes that “there is a particularly strong relationship between increases in higher-density housing supply and rent growth”: “This likely reflects the fact that apartments make up a disproportionate share of the rental
Alex Joiner, chief economist at IFM Investors, published a short analysis of the impacts of rising energy costs on the federal budgets and on Australians as a whole: Joiner argues that the energy shock is “not bad for Australia” but “terrible for Australians”. Joiner notes that higher energy prices will likely drive up Australia’s export
According to the CommBank Household Spending Insights Index, household spending in Australia fell in February 2026 for the first time since September 2024, capping a 17-month era of rise. Annual growth slowed to 4.9%, the lowest level since August 2025, while spending decreased by 0.5% during the month. The decline indicates that, following a protracted
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, takes a closer look at the so-called TACO trade — and whether the conflict in Iran could set the stage for a surprise turnaround. We explore what’s driving recent market moves, how geopolitics is reshaping sentiment, and whether investors should be bracing for more
The federal budget is facing deepening budget deficits and rising net debt. The Albanese government is seeking to raise revenue by a series of changes to the taxation of superannuation, property, and family trusts. For example, the government will increase the tax on the earnings of large superannuation balances from 15% to 30% for balances