This is not good news. The Australian. The EU has unveiled a long-promised plan to phase out its remaining gas imports from Russia by the end of 2027, a challenge given Europe’s continued dependence on Russian fossil fuels. “Today the European Union sends a very clear message to Russia: no more, no more, will we
The Market Ear on a possibe bear market. Very extended The 10-day advance/decline line has gotten very extended. Bespoke: “We would not be surprised to see some downside mean reversion soon”. Source: Bespoke Death cross still in place SPX is hitting some sort of short term trend line here. We moved above the 50 day, but are
I noted on Monday how “Australian households cannot escape recession”, citing the Q4 2024 ABS national accounts figures showing that real per capita household consumption had fallen for eight consecutive quarters. The decline in consumption follows a record 8% fall in real per capita household incomes. The Q1 2025 retail sales figures also fell in
The taxpayer-funded ABC has become one of Australia’s leading propagandists for Big Australia immigration and a high-density future. Check out the garbage below from the ABC imploring Australians to accept high-rise shoebox living as their future, as the federal government crush-loads our major cities with endless mass migration. “All over Australia we are being told
The last thing the world needs is another war. We already have the conflict in Ukraine and the Israel-Hamas war. Now India and Pakistan are on the verge of war. It all began when Pakistani terrorists killed 26 people, mostly tourists, in Kashmir last month, which India blamed on Pakistan. A series of skirmishes ensued
DXY is struggling mightily still. AUD to the moon! Lead boots grow wings. Oil buy the fact. Metals growth no bueno. Mining dogs. EM meh. Junk hmmm… A little yield relief. Stocks flamed out. Gold has returned to its undollar best. AUD is gold in slow motion. Although gold is only about 7% of the
The Greens’ dream of becoming the ‘third force’ in Australian politics has been eviscerated following Saturday’s federal election. The Greens’ primary vote fell and they lost the lower house seats of Griffith and Brisbane, with vocal housing whinger Max Chandler-Mather booted. As of Wednesday morning, Greens Leader Adam Bandt was trailing Labor’s Sarah Witty 47.3%
Recently, three migration pacts have been signed by Australia that facilitate Indian migration, namely: The Australia-India Economic Cooperation and Trade Agreement (ECTA), signed by the former Morrison Coalition government. Australia-India Migration and Mobility Partnership Agreement, signed by the current Albanese Labor government. The Mechanism for Mutual Recognition of Qualifications, signed by the current Albanese Labor
On Tuesday, the Australian Bureau of Statistics (ABS) released dwelling approvals data for March, which recorded an 8.8% monthly fall to 15,220 approvals. House approvals fell by 4.5% in March, while unit & apartment approvals fell by 15.1%. Annual approvals rose to 180,740, up 10% on the June 2024 low of 164,254. As illustrated below,
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
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