International Reading: Trump Sends Dollar Plunging With Plan to Turn Federal Reserve MAGA – The Daily Beat Gen X is the least financially secure generation – Independent Cargo ship carrying 3,000 vehicles, including 800 EVs, sinks in the Pacific Ocean – Live Mint US economy shrunk faster than expected, new data shows – The Hill
Share markets in Asia are again failing to follow the ebullient mood on Wall Street with the latest industrial production numbers in China disappointing while Japanese core inflation numbers are still relatively high, giving the Nikkei a boost above the 40000 point level. The USD is still falling across the board except against gold with
On Wednesday, the rush to the bottom by Australian policymakers to pump housing demand entered yet another chapter, this time with multiple state government’s taking their turn. At the federal election, the Albanese government promised a 5% deposit scheme that would cover the overwhelming majority of first home buyers. This comes in spite of the
A 2024 report by the Penington Institute claimed that cannabis has become an integral part of the criminal economy, representing a $5 billion black market in Australia that generates massive profits for transnational gangs. “It’s shocking … how integrated it is to criminal networks. It’s an own goal for us. Police are already really busy.
I love iron ore sometimes. They are so hopeful. None more so than Mineral Resources as the doomed firm unveils its latest glorious folly. AFR. It’s the remote Pilbara iron ore project that has the market divided. Now, two years after first breaking ground at Ken’s Bore, Mineral Resources is out to spruik its flagship
Last week, CBA economist Harry Ottley reported on the quarterly labour market account from the Australian Bureau of Statistics (ABS), which showed that 60% of the nation’s job growth since the beginning of the pandemic has come from the non-market (government-aligned) sector. Over the past two years, the non-market sector accounted for 80% of jobs created.
Wind generated power now comprises a substantial proportion of Australia’s electricity supply. As of September 2024, Australia had an installed wind capacity of approximately 13.3 GW. Wind power accounted for 13.4% (or 31.9 TWh) of Australia’s total electricity generation in 2024. The Albanese government aims to generate 82% of Australia’s electricity by 2030 from renewable
The Market Ear with the charts. Teflon tech NASDAQ getting overbought, but things can stay overbought for longer than most think possible, especially when the golden cross is in place… We outlined the melt up logic early this week and pointed out the fact investors are running way too little risk. Underexposure remains an issue
Victoria’s financial situation is dire, as projections indicate that the state’s debt will increase from $155.5 billion to $194 billion by FY29. Victoria’s per capita debt, already the highest in the nation, is projected to rise from $21,900 currently to $25,500 in FY29. Ratings agencies have warned that they will downgrade Victoria’s credit rating, which is
According to the ABS, Australia continues to experience unprecedented labour demand. The problem is that the index is the worst available. Private measures are far below and heading back into the lowflation period. Goldman explains the ABS rubbish measure: Structural trends such as lower advertisement costs and a shift to more temporary positions tend to