Usually, this kind of arrogance creeps in after two or three terms of government. The Albanese government got a head start, thanks to its dodgy leader. In recent months, we have watched on as Albo allocated $100m to upgrade the road to Avoca to his recently purchased $4.3m lovenest on the ocean at the end
Friday saw a rebound in steel: And iron ore: After a series of stimulus positive comments about the forthcoming NPC scheduled immediately after the US election. The scenario in which iron gets a boost from a large fiscal number is the Trump victory. Even then, it will only be minor because property and infrastructure are
Friday night saw the release of the latest US consumer sentiment figures that ended up pushing risk sentiment lower as the USD was bid higher against everything but gold while bonds and stocks sold off. Only tech stocks advanced on Wall Street with equity futures indicating a poor start for Asian shares this week. The
The Australian Bureau of Statistics (ABS) released its annual national accounts for the financial year 2023-24, which include detailed information on land values. Land values supporting the Australian housing market grew by 8.8% in the 2023–24 financial year. Australia’s land was valued at $9.2 trillion in 2023-24, with residential land ($7.7 trillion) comprising 84% of
The ABC’s Jacob Greber claims that the international education sector is an “export giant” that is being unfairly targeted by the federal government’s desire to lower net overseas migration. Greber argues that the government’s crackdown on the sector “undermine[s] Australian universities competing against attractive offerings in the UK, Canada and US”. “Limiting how many fee-paying
Buying a new high-rise apartment in Australia is a game of financial Russian Roulette. The second half of last decade saw the greatest high-rise construction boom in Australia’s history. In recent years, hundreds of these buildings have been required to remove potentially combustible cladding, at a cost of millions of dollars. There have also been
DXY was back Friday night: AUD knows no bottom: North Asia is buggered as BOJ hikes pause and Chinese cuts intensify: Oil will be tested after Israel’s benign response to Iran. Gold is a bubble: Base metals can’t decide: Miners stopped the rot: EM meh: Junk saved itself: But yields still up: Stocks meh: Remarkably,
Last week, CoreLogic recorded a national final auction clearance rate of only 58.2%, which was the worst result of 2024. It was only the second time in 2024 that the final national clearance rate had come in below the 60% mark. The other was the week ending 6 October (59.5%). As shown in the following
This week’s interview on Professor David Flint’s Save The Nation Program explained why Australians face decades of economic stagnation under current policy settings. Below are highlights from the interview. Edited Transcript: Australia is currently experiencing its longest per capita recession in recorded history. What that means is that while the overall economy is growing very
International Reads: Trump will plunge U.S. somewhere ‘between recession and depression’: MSNBC analyst – Raw Story 82 Nobel Prize winners endorse Harris for president, saying Trump would endanger science, technology and climate – Axios Kamala Harris vows to double federal minimum wage to $15 – Telegraph TSMC’s Arizona Chip Production Yields Surpass Taiwan’s in Win