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Iron ore surges as steel collapses

September 1, 2025 - 10:00 -- Admin

Sometimes, markets really are stupid. The last time steel was at these prices, iron ore was $10 lower. Traders are so busy buying iron ore on the basis of anti-involution policies that they have forgotten reality. Reuters. China will push to cut steel production between 2025 and 2026, according to an official document reviewed by

Victoria disease infects mainstream

September 1, 2025 - 09:30 -- Admin

Victoria disease is the malady of endless Labor government leading to a mass immigration led economic model that destroys living standards via private sector crowding out, onerous public debt, industrial hollowing out and capital shallowing. Rinse and repeat. It is a national affliction but Victoria is it’s progenitor and the case most metastasised. What you

Macro Morning

September 1, 2025 - 09:00 -- Admin

Friday night saw a selloff dominate on risk markets as the end of week and month double twitching and fund flows amid the steepening yield curve on US Treasuries, now at a three year high. Wall Street pulled back the sharpest with European shares still in hesitation mode. The USD was broadly unchanged but finishes

Australians remain trapped in the ‘recession zone’

September 1, 2025 - 08:00 -- Admin

Australians have been trapped in a long, drawn-out per capita recession. As the following chart illustrates, Australia’s per capita GDP has recorded nine declines in the past 11 quarters. While the cumulative 1.7% decline in real per capita GDP is rather shallow compared to the early-1980s and 1990s recessions, it is the longest-running slump in

Everybody wants Australian dollars

September 1, 2025 - 06:31 -- Admin

Yet another major bank is on board. Credit Agricole. After years of resistance, the RBA has lowered its productivity growth assumption. This has not led to higher inflation forecasts or the risk of tighter monetary policy. The RBA is assuming lower productivity growth will not only weaken supply but also demand via lower income growth.

The economic week ahead

August 31, 2025 - 14:44 -- Admin

By Lucinda Jerogin, Associate Economist at CBA Australian headline inflation surprised to the upside, sharply rising by 2.8%/yr in July. However, electricity and travel prices contributed to the majority of the forecast miss and will likely unwind in coming months. The Minutes of the August Monetary Policy Board meeting highlighted a shift in focus for

Auctions fever sparks house price surge

August 31, 2025 - 10:04 -- Admin

Australia’s auction market has gathered strength over recent months. Last week’s national final auction clearance rate of 70.0% was the strongest result since the week ending 11th February 2024 (70.3%). This weekend’s preliminary auction clearance results showed further strength, with Cotality reporting a national preliminary clearance rate of 76.3%, a full percentage point higher than

Australian house prices gather momentum

August 30, 2025 - 00:10 -- Admin

The latest rate cut from the Reserve Bank of Australia (RBA) has stimulated the housing market, with Cotality reporting the strongest national final auction clearance rate since February 2024. Across the combined capital cities, 70.0% of homes taken to auction sold. This was the highest clearance rate since the week ending 11th February 2024 (70.3%).

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