DXY bounced off support last night: AUD is hitting resistance: Noth Asia rolled: Oil is in trouble: Metals flamed out: Miners puked: This is not your grandfather’s EM rally: Junk is fine: The curve steepened: Stocks are toying with a nasty double top: NVDA passed the test but it still may not be enough: At
For years, I have called on the federal government to crack down on the international education sector via the following types of reforms: Raise financial barriers to entry (i.e., how much funds a student must have available before arriving in Australia). Significantly increase entrance requirements (e.g. English language proficiency and academic testing). Raise pedagogical standards.
The chief economist at IFM Investors, Alex Joiner, posted the below chart on Twitter (X) showing the massive divergence in household debt between Australia and Canada on the one hand and the United States on the other: As you can see, the United States deleveraged significantly after the Global Financial Crisis, whereas Australia and Canada
Just how dumb are we going to get? If it is up to the AFR, it will vegetable stupid: Headline inflation is expected to fall sharply again in August as more consumers receive $300 federal government energy bill credits, potentially sending headline inflation below 3% and back into the RBA’s target band. But the latest
‘The Road at Eltham’ Walter Withers, 1913 National Gallery of Victoria AUD/USD EUR/USD USD/JPY Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
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Tony Wood is a former Origin Energy executive turned energy think tank analyst at the Grattan Institute, which Origin Energy sponsors. Today he writes: Since the late 1960s, Victoria has relied on its wealth of offshore gas in Bass Strait, extracting enough for its own needs and exporting to South Australia and NSW. Its abundance
Australian Securities and Investments Commission (ASIC) data shows that nearly 3,000 construction companies failed in the 2023-24 financial year. The trend has continued into this financial year, with 415 construction sector insolvencies recorded from the start of July to 11 August: As shown above, there were 328 construction insolvencies in July, up from 295 recorded
Gareth Aird at the CBA with a fine piece. Basically, the RBA has no credibility left. Recent RBA forward guidance at odds with RBA review into forward guidance Forward guidance first appeared in the Governor’s August press conference Until recently the RBA’s communication strategy under Governor Bullock was not to provide forward guidance. Indeed a
The fake Greens are at it again, attacking the federal government for daring to oppose caps on international students, which have ballooned to obscene numbers. As reported in The Guardian: The Greens education spokesperson, Mehreen Faruqi, accused Labor of “charging ahead with this terrible policy” despite “near unanimous opposition from the higher education sector”. Faruqi
The past few weeks have seen much hand-wringing and scaremongering about Australia’s unseasonably warm end to winter (see the example below). Melbourne’s unseasonably warm weather has meant that our household hasn’t run the heater for at least two weeks, saving us lots of money (given obscene gas prices) and reducing carbon emissions. The most sensible