Via Nouriel Roubini: The nascent Sino-American cold war is the key source of uncertainty in today’s global economy. How the conflict plays out will affect consumer and asset markets of all kinds, as well as the trajectory of inflation, monetary policy, and fiscal conditions around the world. Escalation of the tensions between the world’s two
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By Leith van Onselen When it comes to cruelty against the unemployed, it’s hard to top the Morrison Government. As the Budget heads back towards surplus, and with the Government pledging tens-of-billions of dollars for tax cuts, it refuses to lift Australia’s Newstart Allowance, which is about to fall to 30% below the poverty line:
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While residents of Sydney and Melbourne are suffering from crush-loaded roads, trains, schools, and hospitals, as well as smaller and more expensive housing, toll road company Transurban is making out like a bandit. Earlier this year, ABC News reported that Sydney’s toll road network is the most expensive and extensive in the world : …transport
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Over the past 15-years, Australia experienced an unprecedented construction boom, which has seen high-rise apartment complexes mushroom across Australia’s major cities: Over recent years, it has become apparent that many of these apartments likely carry some type of structural fault – be it flammable cladding, cracking or problems with water-proofing and mould – which has
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The rip higher in bond prices meant that our asset allocation portfolios outperformed the median super fund substantially in May – three of our four tactical funds beat the median fund by over 1% in the month: The bond movement though leaves us at an impasse. Bond markets are pricing disaster, equity markets are pricing
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This is what happens when a gas cartel ships too much gas into Asia so that it can gouge customers at home via an artificial shortage, via The Australian: Australian LNG producers face a slump in export revenue amid indications a global supply glut may persist up to three years longer than anticipated, depressing prices
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Overreach. It’s always fun to watch. Via the AFR: Prime Minister Scott Morrison has vowed to slash government red tape to unlock investment and opened the door to industrial relations reform, challenging business to make the case for change and to deliver “shared gains” for workers and employers. In his first major domestic policy speech
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DXY fell hard Friday night. EUR jumped, CNY fell: The Australian dollar was firm: Despite the bounce, the market actually got more short AUD last week at -65k contracts: Gold tried and failed again to break out: Oil rose: Metals were soft: Miners too: EM stocks fell: High yield too: Treasuries were bashed: Bunds smashed:
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There is no other way to put it than a complete sellout. The AFR is piling on the pressure: Senior Labor figures are leaning towards waving through the Morrison government’s full $158 billion income tax cut package but only after trying to split the legislation so the party can symbolically vote against relief for high
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The AFR’s war on rate cuts took a new an ever more stupid turn on the weekend: Baby Boomers and Millennials are trading blows about who is responsible for deteriorating economic conditions that weaken their chances of home ownership or retirement security. Millennials allege profligate Boomers got a free kick from no university fees and
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