The answer to every East Coast energy problem costs only $2bn. APA Group has detailed plans for a near-$2 billion expansion of its east coast gas grid in a bid to close off what is has described as a disastrous option of importing LNG to meet demand for the fuel in the country’s south-east. But
Both steel and iron ore fell yesterday. The news is tariffs, from all quarters. Vietnam will impose anti-dumping tariffs on steel from China, following South Korea and other nations in fighting back against surging supplies from the world’s biggest producer. This is steadily cutting off Chinese steel mills’ lifeline of global dumping. Can it offset that with
Melbourne’s population has increased by around 2 million people this century. Melbourne’s population is projected to increase by another 3.5 million over the next 31 years to 9.0 million by 2056. This would mean that Melbourne would have added 5.5 million people in only 56 years. All Melburnians have felt the deleterious impact of this
Domain is busy trying to argue Australians wouldn’t support Trump policies. The only problem is that this ignores the four major Trump policies and themes that got him elected. Slashing immigration to protect wages. Applying tariffs to boost local industry. Disengaging from China. America First! How are we to know if Australians support Trumpist policies
DXY is still legging it down. AUD was soft anyway. Plenty of room to catch up to lead boots. Gold is about as overbought as anything, ever. Oil not liking Ukraine peace. Another commods false start. Miners rolling. That deep suckered sound you can hear is Chinese stocks hoopla gone bust. Junk is telling us
Wall Street is still failing to make a comeback after its Friday night breakdown with tech stocks again on the back foot while European shares were mixed as the German DAX made a new high on the back of a new conservative government that looks set to go full steam ahead in defense spending. The
Australia’s inflation is falling. CBA forecasts that trimmed mean inflation will fall to 2.8% in January, within the Reserve Bank of Australia’s (RBA) 2% to 3% inflation target. However, this does not mean that the cost-of-living crisis is over. As independent economist Tarric Brooker illustrated, since Q42020, cumulative Australian inflation has increased by 19%. That
When RBA kiss-arses like old Rossco turn, you know your central bank has lost its credibility. With the labour market so “tight”, surely wages could take off at any moment, halting the fall in inflation – or worse, sending it back up. What’s unnerving them is an old ’70s-model NAIRU machine in the corner, with
Asian share markets are generally doing well after a big drop on Wall Street from Friday night, but have absorbed the volatility out of the German election result from the weekend. Local shares are still flopping around due to the latest rate cut that wasn’t really a rate cut from the RBA while the Australian
Late last week, I was interviewed by Tom Elliott from Radio 3AW Melbourne regarding the dire financial situation facing the state. Tom wanted to know what was driving Victoria’s ballooning debt. And, more importantly, the measures the state government could take to resolve the situation. Below is a summary of the themes discussed in the