Great ideas, these. Peter Dutton would funnel 80 per cent of commodity revenue windfalls into two new Future Fund vehicles to pay down the nation’s $1.2 trillion debt bill and bankroll investments in regional Australia, as the Coalition ramps up its attacks on Labor’s big-spending budget and deficits. The Opposition Leader on Thursday will unveil
In the report below, Luke Yeaman, Chief Economist at CBA, examines whether the era of globalisation over. Trump, Tariffs and Trade: A Different Kind of Wall The era of trade liberalisation, free market reforms, deregulation and fiscal discipline (the Washington Consensus) is officially dead and buried. In a few weeks, President Trump has reversed a
The Market Ear on the crash up. Huge in SPX SPX futures rate of change (1day). Refinitiv NASDAQ’s upside force NASDAQ futures rate of change (1day) for the history books. Refinitiv Upside force NASDAQ surging post the latest Trump news. Note futures are trading above the 8 day moving average. 21 day around 19500, right
Treasurer Jim Chalmers reportedly held an emergency meeting with Reserve Bank of Australia (RBA) governor Michele Bullock, suggesting deep interest rate cuts are likely. Some economists now expect the RBA to deliver the most aggressive interest rate cuts since the Global Financial Crisis in 2008. Futures markets are now tipping five rate cuts over the
Another fun night on risk markets as Trump folded on his tariff tirade with a 90 day stay of execution – except for China and everyone still gets a 10% hit irregardless of surplus/deficit/other vagaries – so of course the short covering was epic with Wall Street lifting 10% or more after the Royal Twit
DXY was stable. AUD through the roof. Concrete boots now. Oil and gold rally. Copper is the loon metal. Others dour. Big miners stuffed. EM pumped. Credit stress gone. But yields up. Stocks to the moon! All markets are now the plaything of the Orange Madman. Bloomberg. President Donald Trump announced a 90-day pause on
Realestate.com.au published an interesting article on how the Victorian government’s increases in taxes on investment property have landlords “under siege” amid falling rents: The report pointed to PropTrack research showing that median weekly rents declined or remained flat in more than 30 Melbourne suburbs in the year to February, meaning investors could be losing money
The number is 104, or approx. 10 more points than the average IQ in the White House but it will rattle markets around the world as the 104% tariffs on China from the Trump regime take effect, but this looks to be just another blip in the blooming trade war that has no end. S&P
On the one hand, you’ve got a booming business marking up your products into the US economy by ludicrous multiples of your low cost slave labour workforce. On the other hand, you’ve got Donald Trump taxing the living daylights out of your cost base at astonishing speed. Then, as you prepare to make a deal
The cognitive dissonance of the Grattan Institute is a sight to behold. This captured ‘think tank’, funded by taxpayers, corporate interests, and Melbourne University, continually produces propaganda on the immense benefits of running a mass immigration program while giving scant attention to the negative externalities on the housing market, infrastructure, productivity, living standards, and the