A small majority kept Labor’s China grovelling within acceptable bounds in its first term. But now, a big majority has unleashed a radicalised Albo who is spending his political capital on breaking ANZUS. Washington is not amused, and why would it be while we freeload on its defence capability and build up its archrival’s military?
When the sun set on 2023, Canada had one of the highest migration rates in the world, welcoming over 1.24 million new migrants over the calendar year, or 3.2% of the population. This left Canada ranked number 11 on the World Bank’s list of nations by population growth for 2023, sandwiched between various nations in
There is no end to Victoria’s disease when it comes to energy. Victoria is doing OK on its renewables rollout, though it has slowed recently. The problem is the price it will pay for it. Unlike other states, VIC and its capital, Megacity One, are gloomy places and will rely more on wind than sun.
This economy is not growing at 5% in anybody’s mind except for the CCP’s and its menagerie of grovellers. Property is stuffed. Prices are still falling. Cars are doing better on the cash-for-clunkers. This was true of consumption more broadly, but much of that is over now after the vouchers were pulled. But exports are
Markets are so fun sometimes. Iron ore is in all sorts of trouble, but traders love to push a counter-trend rally. The latest MySteel data is still down as expected. Westpac sums it beautifully. Iron ore has been incredibly stable A good example of why to stay calm has been the relative lack of volatility
Wall Street was unable to make another new record high as the Trump regime again pushed out more bully-boy letters (resplendent with spelling mistakes and ALL CAPS) to former allies and major trade partners, but saved the ink for the EU after markets closed on Friday night. Canada posted a very solid jobs report and
DXY is trying to rally as EUR falls. AUD is doing OK, but I am increasingly concerned it will top out here. That said, the big short is relentless support. Lead boots have stalled. Gold a bit better. BTC has broken out. Metal flamed out. The big mining bear has room to rally and remain
Everything old is new again in Australia’s parasitic media. Nothing more so than house prices as we head into another monetary policy easing cycle. The media, which largely relies on real estate revenues to exist, loves to pretend to care. These days, ABC is dedicated entirely to pretence. This small gathering of homeowners and politicians
If you are curious about the differences in methodology between myself and the usual auction data providers, there is an explanation down the page. This weeks result brought something of a rare result to the Sydney and Melbourne auction markets. The headline sold to listed clearance rate in Sydney eclipsed that of Melbourne, with
‘North Head from above Balmoral, Sydney Harbour’ 1866 Conrad Martens, Art Gallery of NSW Global Macro Nvidia becomes world’s first $4tn company– BBC Why is Trump targeting Brazil – and will it backfire for Bolsonaro?– BBC Snap, crackle, sale: Nutella maker Ferrero plans to buy WK Kellogg for $3 billion– AP US economy