International Reads: Lindt admits its chocolate isn’t actually ‘expertly crafted with the finest ingredients’ in lawsuit over lead levels in dark chocolate – Fortune Satire publication The Onion buys Alex Jones’ Infowars at auction with help from Sandy Hook families – AP News Elon Musk says he and Trump have ‘mandate to delete’ regulations. Ethics
‘Western Districts, and more old stone walls’ AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 Some extra Currencies to show the Trump effect……… USD/CHF USD/CAD USD/TRY USD/SEK USD/SGD USD/HKD Easy Listening……..
The Reserve Bank of New Zealand’s aggressive monetary policy, which raised the official cash rate to a high of 5.50%, continues to deflate the nation’s housing bubble. Over the pandemic period, New Zealand experienced one of the largest increases in home prices in the world. However, the Reserve Bank’s aggressive monetary tightening, which began in
Honestly, what kind of idiots run this joint? Donald Trump has appointed Dan Scavino as his deputy chief of staff, just a day after his trusted adviser suggested on social media that Kevin Rudd’s days as Australian ambassador to the US were numbered. Mr Scavino, who is the longest-serving aide to Trump, and held the
The Albanese government’s target to build 1.2 million homes over five years has gotten off to a rocky start, with construction rates behind by around one-third. To meet its target, the government needs high-rise construction to accelerate. The governments of Australia’s two largest states, New South Wales and Victoria, have undertaken zoning reforms to facilitate
With Trump announcing a largely anti-China cabinet and speculation about the path for interest rates in Australia, we dive back into the investment outcomes for Australia. Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, look closely on this topic. Can’t make it to the live series? Catch up on the
There will be no making Australia great again under Albo: Anthony Albanese is moving to cash in on the economic uncertainty created by the election of Donald Trump by telling regional business leaders Australia is both a safe investment option and a secure and trusted trading partner. In a speech to business leaders on the sidelines of
On Wednesday, Treasurer Jim Chalmers was caught spinning more disinformation about Australian wage growth. Chalmers was at it again on Thursday following the October Labour Force survey from the Australian Bureau of Statistics (ABS): While Chalmers’ claim that 1,056,200 jobs have now been created since Labor was elected is technically correct, it is also putting
Hysterical markets, which are never wrong, are readying for a CBA Death Star takeover of the far larger planet Google. The growthless mortgage zombie has an astonishing NTM of 26x versus Google’s modest 20x for 15-20% profit growth. Admittedly, the CBA’s Death Star valuation only delivers a market cap of $259bn versus Alphabet’s $3tr, but
Independent economist Tarric Brooker has posted an analysis estimating the shortfall of Australian housing over the pandemic. Brooker has assumed two scenarios, explained below. The Ideal World Scenario: Not one dwelling completion in the last 5 years is a knockdown rebuild or development (in reality 10-15% are). Not one newly completed home will sit empty