Earlier this week, The Guardian’s education editor, Caitlin Cassidy, threw a grenade into Australia’s higher education industry with an article exposing universities for handing out prestigious degrees to international students who cannot speak basic English and do not understand the course content. Following the publication of the article, Cassidy stated on Twitter (X) that she
Qingdao iron ore is at $97.94 this morning. Yesterday, Shanghai rebar finally managed a little bounce yesterday but, again, it was very unconvincing. SGX jaws are still wide:’ Thank god somebody else has noticed. Goldman: Infrastructure: Pre trade steel demand remained negative this week; construction steel-15% y/y and flat steel +2% y/y. Open interest on
A tumbling Wall Street overnight is not the real concern its bond markets that are signalling trouble ahead with the latest US initial jobless claim print before tonight’s US official job report – aka the non farm payrolls – that has got risk markets spooked. Add in a bit of war horns going off in
DXY remains firm: AUD remains very weak: The JPY safe haven is going nuts: Oil was gazumped. Gold to the moon: Metals meltdown! Miners following: EM gave in: Junk too: Despite US yields in free fall: Stocks fell anyway: Bad news is bad news as weak data raises fears of a profit-curbing slowdown. ISM was
The emerging Australian monetary easing is fast catching up to the rest of the world. This week began with cash rate futures barely pricing one cut in the next twelve months. Now it is three: We are still meaningfully behind the rest of the world but that will pass for to reasons. First, the endless
While perusing Twitter (X) on Thursday, I came across the below chart showing that Australia has recorded the biggest decline in real household spending per capita since the Great Depression: In order to test this thesis, I have compared the per capita decline in Australia’s economy against prior downturns (excluding the pandemic lockdowns). The first
Albo’s lying is out of control. Yesterday, it was jobs. Today, it is energy. Getting more renewables up and running will bring power prices down. That’s just a fact. While we’re getting on with it, Peter Dutton wants Australians to pay the price for his expensive nuclear plan. pic.twitter.com/1f34mCbn9F — Anthony Albanese (@AlboMP) August 1,
Asian share markets are struggling to push through the volatility of the last 24 hours with the latest Fed meeting overnight following the BOJ rate hike amid macro events in the Middle East and elsewhere stirring up the risk market matrix. The USD is mixed against the majors as Yen appreciates appreciably (more than 500
The BBC of all places has tackled the prickly issue of the rise in Australian homelessness: “[Mary] is one of the roughly 122,000 people who are homeless in Australia on any given night, according to data from the country’s bureau of statistics”. “A recent government report says that 40% of renters on low income are
Schadenfreude is the last refuge of the wise in an idiotic world, so I’m enjoying this: Australian academics say they are being pressured into passing hundreds of students suspected of plagiarism and other forms of cheating in order to maintain their universities’ revenue streams, threatening the integrity and international reputation of the entire sector. The