In the years since the Albanese government came to power and the sugar hit of pandemic driven stimulus and so called ‘Revenge Spending’ drew to a close in the middle of 2022, the Australian economy has become more and more reliant on employment growth in non-market sectors of the economy. The ABS defines non-market sectors
On Tuesday, the Reserve Bank of Australia (RBA) cut the official cash rate (OCR) by 0.25% to 3.60%. The RBA has now cut the OCR by 0.75% from its peak of 4.35%, and most economists and financial markets expect another two rate cuts to be delivered by mid-2026. The following chart from CBA shows that
The meltup is grabbing every underpriced entity and sending it mad. The Market Ear. Russell reviving Russell putting in the biggest up candle in a very long time. Close this a little higher, and the massive Russell short will feel proper pain. Source: LSEG Workspace Record Russell short Hedge fund shorts in the Russell 2000
For years, MB has argued that the federal government’s projected budget deficits, expected to last at least a decade, are largely self-inflicted. The fact of the matter is that Australia could have all of the budget revenue that it needs if it merely copied nations like Norway and Qatar and taxed its resource exports properly.
Australia is the last redoubt of the globalists. All we do is fret over other people’s problems while our living standards and values are slaughtered. This is not coincidental. It is the evolution of a system of mind control, many years in the making, much worse in Australia than anywhere else I can think of.
No bad surprises were contained within the US CPI print released overnight although the core inflation figures continue to lift higher, it still gave most market respondents and sycophants alike the opportunity to push for a September rate cut from the US Federal Reserve which has sent Wall Street flying higher and pushed the USD
DXY fell last night. AUD bounced but it’s not exactly tearing the roof off. Lead boots are stuck fast. Gold was disappointed. Base metals are king dollar playthings. Big miners are having another crack at the big bear. EM at the highs. Junk breaking out. Bullish. Yields muted after US CPI. Stocks certain of Fed
The Albanese government’s National Housing Accord target of building 1.2 million homes over five years was always a delusional pipe dream detached from reality. The record single year for Australian dwelling completions was around 223,500 in 2017, when the nation was building huge volumes of defective high-rise apartments. However, economic conditions were far more favourable
Asian share markets are seeing a strong bid led by Japanese markets as they return from their long weekend with traders all waiting in anticipation of tonight’s US CPI print that is now becoming as important as the jobs print on the economic calendar. Not much movement in currency-land with the RBA cutting rates 25bps
As expected, the Reserve Bank of Australia (RBA) cut the official cash rate by 0.25% to 3.60%. The decision was unanimous among board members. In its media release accompanying its decision, the RBA noted that “inflation has continued to moderate”, down “substantially since the peak in 2022”. It also signalled further “gradual” rate cuts ahead.