Sometimes, you just have to throw up your hands and despair at capitalism: Metal stockpiles are surging in Singapore, and slowing global demand is only part of the reason. Refined zinc and lead have been pouring into Singapore since the middle of last year, making one of the smallest countries in the world a critical
Alex Joiner, chief economist at IFM Investors, has published some terrific charts on Twitter (X) showing the massive rise in female labour force participation over the past decade. The first chart from Joiner shows that the rise in Australia’s participation rate since 2015 has been dominated by females: Female participation has risen by 2.29% since
I noted this morning that everybody wants to catch the iron ore falling knife. There are fools: I’m not expecting the iron ore price to get back to US$140 per tonne any time soon. But, there are a couple of key reasons why I think now could be the right time to invest in BHP
HECS debts could be deferred, and lending rules relaxed in a Coalition election pitch to make it easier for “aspirational” Australians to buy their first home. According to media reports, the Coalition is examining loosening lending rules to make obtaining a mortgage more accessible for first-time homebuyers. Andrew Bragg, who will lead the inquiry, said
It’s still early days, and it’s still a honeymoon, but Kamala Harris is on a roll. These are aggregated polls. It’s a handy lead: And has so far rebuilt the “blue wall” of the mid-west swing states: Barring something stupid, I reckon she is going to win by bringing youth and women out to vote.
The bank bubble is well understood. No earnings growth has met expanding multiples: To create the world’s most expensive banks: Now the bubble has turned from silly to hilarious, as NAB warns: Operating performance Compared with the 1H24 quarterly average, underlying profit declined 2%. Key drivers include: • Revenue declined 1%. Excluding Markets & Treasury
The RBA said in parliament this morning: “Inflation is still too high and, in underlying terms, is not expected to be back in the top of the band until the end of next year,” she told the House of Representatives economics committee. “Circumstances may change, of course, and the outlook is uncertain. But based on
The greatest energy criminal in Australia, Origin Energy, is back today: Origin Energy, the biggest Australian power and gas supplier, has soared to a bumper profit as higher electricity prices boosted its power plants and retailing business, but warnings of a softer year ahead triggered a sharp sell-off in the company’s shares. The energy giant
The Market Ear on AI. This AI thing – I tried it once Hundreds of millions of people have tried ChatGPT, but most of them haven’t been back. If you ask what ‘used’ actually means, it turns out that most people played with it once or twice, or go back only every couple of weeks.
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Yawn: China’s central bank chief pledged further steps to support his nation’s economic recovery, while cautioning that it won’t be adopting “drastic” measures. The PBOC will strengthen efforts to effectively implement monetary and financial policies that have been introduced this year, and further steps will be made in accordance with the requirements of the State