The cowardly Albanese government has already walked back its plan to cap international student enrolments at a ridiculously high 40% of total enrolments: “That is not right. I have seen those reports. That is not what we are intending to do”, Clare told reporters in Sydney in relation to the proposed 40% cap. Clare described
While Albo’s cowards are piling Australia back into China, this is what the smart money is doing: The latest balance of payments (BOP) data show that China’s net foreign direct investment (FDI) reached a new low in Q2, owing to both rising outward FDI and falling inward FDI. PBOC’sQ2 Monetary Policy Report stated to continue
The Australian Bureau of Statistics (ABS) has released the Q2 wage price index, which recorded a further decline in real wages. Overall wages rose by 0.8% over Q2 to be 4.1% higher year-on-year. Private sector wages rose by 0.7% in Q2, whereas public sector wages grew by 0.9%. Deflating aggregate wage growth by the 1.0%
Westpac’s consumer sentiment index is finally showing some signs of life, although overall conditions remain recessionary. Key Points: The Westpac–Melbourne Institute Consumer Sentiment Index rose 2.8% to 85 in August from 82.7 in July. Westpac Consumer Sentiment up 2.8% to 85. Views on family finances bounce back from last month but remain weak. Some clearer
Albo’s horror winter electricity shock just peaked at $193MW/h QMA: That it passed virtually without comment from the MSM tells you how stupid this country’s media is. The gas cartel is controlling prices to within an inch of Albo’s disastrous $12Gj price floor: You are being spat on today: Shell and PetroChina’s joint venture Arrow
Business Council of Australia CEO Bran Black claims that there have been significant pay increases for “many, many months” across the economy. Black says that such pay rises are inflationary if they are not accompanied by productivity growth. “We’ve seen significant pay increases for many, many months now”, Black said. “While that is a good
The crash is over says the man who called it. Scott Rubner at Goldman. “Are we there yet”? We are not there yet, but we are close and I am starting to “nibble”. The expected continuation of equity supply from systematic macro strategies may take until next week to fully clear. However, I have seen enough
Qingdao iron ore fell 1% to $94.91 yesterday. Shanghai rebar futures resumes their crash and SGX opened more jaws: Dalian rallied overnight: Coking coal is telling the truth: Scuttlebutt is bearish: “Investors are very pessimistic about iron ore prices right now,” said Wei Ying, an analyst at China Industrial Futures Ltd. Worsening losses at steel
DXY is hanging in but does North Asia is fading: Oil and gold roared on the imminent attack upon Israel: Apparently, Israel has lots of copper, not: Miners are the highway to hell: EM is stuck at the point of control: Junk is trying: Yields are bid on tomorrow’s US inflation Which helped stocks
The drums of war are keeping all risk markets in check as Wall Street failed to continue its bounceback overnight with mixed returns as European shares also rocked back and forth without any upside. Currency markets are still somewhat sanguine due to the lack of economic releases while bond markets are getting jittery again on