‘Ringbarked Trees with Birds’, Henri Bastin, 1969, Art Gallery of NSW Macro & Markets Pandemic Bills Are So Big That Only Money-Printing Can Pay Them – Bloomberg US could cut ties with China over coronavirus, ‘save $500 billion’: Trump – DW Thermal coal spot price tumbles 25 per cent, putting pressure on some producers
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A somewhat mixed day here in Asia with Chinese shares pulling back on the brouhaha developing between The Middle Kingdom and the Flailing Empire as Trump again ramps up the rhetoric on trade and other measures. The USD is strengthening somewhat going into the European open while gold continues to advance after its breakout last
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More from the Flying Circus today: AMP’s grizzly Shane Oliver is once again calling for prices to fall by as much as 20 per cent. Respected housing analysts like my friend Louis Christopher are open to the possibility of a 30 per cent drawdown. And then there are the perennially negative perma bears, praying for
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Amid the plunge in new home sales: Australia’s property lobby has demanded the Morrison Government throw open the doors to international students and permanent migrants: Property Council of Australia chief executive Ken Morrison told The Australian student accommodation underpinned several markets and the wider sector would not recover in the near term without an influx
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Foxtel is now reportedly beta testing its new streaming service Binge, which will provide ‘box set’ access to popular shows like Game of Thrones, The Sopranos, Big Little Lies, Succession, and True detective. The new Binge service is set to launch in a few weeks and will be priced to compete head-to-head with online streaming
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Industry superannuation funds claim the Morrison Government’s early release policy has raised “sovereign risk” and will hamper returns in the future: “Clearly the government has changed the rules and super funds now need to factor in sovereign risk [the danger of governments acting precipitously],” [HostPlus CEO David Elia] said. “That means funds will carry higher
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Australian Chamber of Commerce & Industry (ACCI) CEO, James Pearson, says the latest jobs data underlines the need for the minimum wage to remain unchanged in 2020. He warns that an increase in the minimum wage would jeopardise more jobs. Fair Work Commission president Ian Ross has also flagged the possibility that a minimum wage
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Drew Pavlou, the University of Queensland (UQ) student facing persecution for standing against the University’s deep China links (see here, here and here), has launched a petition on Change.org to sack UQ’s compromised Vice Chancellor, Peter Høj. In the petition Pavlou explains Høj’s wholly inappropriate ties to the Chinese Communist Party (CCP): We are petitioning
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China released its April data today and the recovery is weak or weaker depending upon what you want to look at. Industrial production is the standout, rebounding to year on year growth of 3.9% but still down 4.9% year to date. Of course, that can be contradicted by any number of other measures showing no
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CEO Stephen Rue has confirmed that the initial rollout of the national broadband network (NBN) is due for completion by the end of June: NBN Co’s announcement of its third quarter results – exceeding its rollout, revenue and activation targets – with the company reporting that it made 670,000 residential and business premises Ready to
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