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Sell BHP with both hands

August 17, 2022 - 10:40 -- Admin

We’ve reached the blowoff profits phase of the COVID commodity mania. The AFR is on its knees sucking the proverbial: The biggest contributor to Australia’s record trade surplus, BHP, has vowed to be disciplined as it pursues growth in “future facing” commodities after reporting its biggest profit in Australian dollar terms, record dividends worth $23.2

Brilliant unions launch counter-attack against immigration deluge

August 17, 2022 - 10:00 -- Admin

I was wrong about Australia’s union movement. Yesterday I attacked them for seemingly folding “like a cheap deck of cards” to the Albanese Government’s ‘Big Australia’ immigration policy. Now I have egg on my face, with the ACTU releasing a brilliant submission to the upcoming Jobs & Skills Summit, making their support for expanding the

Macro Morning

August 17, 2022 - 09:40 -- Admin

Wall Street stumbled slightly overnight on the latest US industrial production numbers while European markets continued to rally. The USD remained strong but unchanged overnight as the Euro halted its recent crash with the Australian dollar stabilising just above the 70 cent level. Bond markets saw roundtripping of yields with 10 year Treasuries eventually finishing

Links 17 August 2022

August 17, 2022 - 00:01 -- Admin

Global Macro / Markets / Investing: It gets hotter every year, and a new study shows how much climate change is already costing the global economy – Yahoo Tesla has built 3 million vehicles, a third of those in China, Elon Musk says – Market Watch Oil Prices Fall as China Cuts Policy Rates by

Macro Afternoon

August 16, 2022 - 16:30 -- Admin

Another relatively mixed session for Asian stocks with Chinese bourses unstable with only the ASX200 lifting substantially as the Australian dollar continues to falter as it hovers at the 70 cent level while Euro flops around after a very poor start to the week. Meanwhile oil prices are also slipping, with Brent crude retracing further

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