Will nobody rid us of these fools at The Guardian? New research from the Australian Education Union (AEU), provided exclusively to Guardian Australia, shows there has been a significant decline in the adequacy of public school facilities in the four years to 2024, with principals citing degrading bathrooms, school halls and science spaces as their
The Market Ear with stock internals. NASDAQ’s consolidation NASDAQ continues trading inside the short term consolidation that has been in place for a few weeks. Support 19800, right where the trend line comes in. Resistance at 20200. Note the negative RSI divergence continuing as well as this potentially being a second lower high. Refinitiv SPX’s
Treasurer Jim “Chicken” Chalmers is an inveterate liar: “We know that the final stretch of the fight against inflation will be the toughest, but our overall progress has been meaningful and substantial since the peaks of 2022,” he said. ,,,Dr Chalmers sought to exonerate the government from any responsibility for a rate rise by confirming
The usual lobbyists and immigration influencers have slammed the Albanese government’s announced increase in fees for international students from $710 to $1,600. Immigration influencer Abul Rizvi, who seems to attack any policy that would lower migrant numbers, claimed the fees are “really poor, short-term thinking. We’re actually shooting ourselves in the foot: the people it will
Don’t mistake this for anything other than speculative bid looking towards the Third Plenum mid-month. Steel mill margins are already wrecked by those yawning jaws: Dalian is its usual crazy self. Iron ore: Coking coal: As Banana Man bids: The June Steel PMI softened: Global steel output is running at about 2019 levels: But global
A few weeks ago, economist Warren Hogan explained that Australia’s housing market was experiencing “FOMO on steroids”. Hogan noted that the perception that Australia is suffering from a “massive shortage of homes” has motivated buyers “to do whatever they can to get in [to the housing market], no matter how ridiculously expensive houses are”. Moreover,
Chinese property sales are still under water: Auto sales are following them down now: Infrastructure bond issuance is markedly weak though better from the centre: This is showing up especially in cement: With steel not far behind: The overall weak nominal economy has triggered tax receipt falls: All that is growing is everywhere else: When
This is how toxic the East Coast gas cartel is: Australian Energy Producers chief executive Samantha McCulloch told The Australian natural gas “should never have been left out of the Capacity Investment Scheme”, which will see the government underwrite 32 gigawatts of renewable energy and storage capacity by decade’s end. She said the government had
The latest ISM manufacturing print came in a bit softer than expected, initially pushing USD higher and helping Wall Street make another record high as it starts a new trading year with more rate cut optimism. Other risk markets also rallied, including European shares and despite local share futures looking sour, the rest of Asia
DXY eased but the trend higher is intact: AUD is absolutely paralysed: As North Asia goes down the gurgler: Oil CTAs are a big problem: Dragging up metals: Miners are stuck: EM too: The junk warning siren is getting louder: As yields jackknife with Trump odds: And stocks don’t care about anything: There is a