A fairly mixed session for Asian share markets following the dip on Wall Street overnight as the post close NVIDIA earnings muddy the AI/tech waters with Chinese shares and their Australian satellites down. The USD is fighting back somewhat against most of the majors with Euro retracing below the 1.12 handle but the Australian dollar
Victoria is the capital of homelessness in Australia. Victoria has the lowest proportion of social housing in Australia, accounting for only 2.8% of total dwellings. This is much lower than the 4.1% national average, which is already low by worldwide standards. Last year, The Guardian reported that Victoria’s social housing stock expanded by only 74
Some have been determined to go down with the ship. With China’s economic momentum subdued since March amid the real estate downturn and a tight fiscal policy stance, the investment bank now expects gross domestic product to expand 4.6% in 2024, down from an earlier estimate of 4.9%. For next year, UBS sees growth at
Treasurer Jim “chicken” Chalmers, the wholesale wrecker of Australian living standards does not have a leg stand on when criticising others: Jim Chalmers has ruled out the Greens’ $514bn “Robin Hood tax” on big businesses, accusing them of “making up numbers”. …But the Treasurer dismissed their plan and argued the government’s “methodical approach” is better
Ponzi Pallas, the Victorian Treasurer, has spent many years making Victorians poorer: The Victorian treasurer says the federal government’s deep cuts to international university student numbers will devastate his state’s economy from next year. Tim Pallas called on the Albanese government to reconsider the reforms and warned the move to cap enrolment numbers could have
Last night NVIDIA reported and sold off as the market was disappointed with the Q3 forecasts. As the bellwether stock for the AI sector, it will be difficult to have an AI boom if NVIDIA is not taking part. Today we dig into the result and look at what is being extrapolated. Can’t make it
This is what is ahead for iron miners. ALL OF THEM. Mineral Resources: “This was the biggest year of development in our history, culminating with the start-up of the transformational Onslow Iron project. “Onslow Iron achieved first ore on ship ahead of schedule in May, just 11 months after we broke ground at the Ken’s
For years, we have been fed the lie that international education is Australia’s fourth largest export, worth a fantastical $48 billion a year. Unbelievably, the lobby group for Australia’s universities—Universities Australia—is now trying to claim that international education is Australia’s second largest export, behind mining: “Curtailing growth in the $48 billion international education sector risks
Honestly, it’s like this country had a lobotomy in recent years. The Australian Energy Market Operator is out with its ten-year outlook for the National Electricity Network and the media is in full celebration because power reliability has risen. The only issue is that it has risen directly and exclusively because the energy transition is
Australian housing construction indicators continue to falter, jeopardising the Albanese government’s fantastical target of building 1.2 million homes over five years. Dwelling approvals, commencements, and completions are each tracking around decade lows, roughly one-third below the government’s target. On Wednesday, the Australian Bureau of Statistics (ABS) released data on the value of construction work done