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Elioth Gruner Frosty sunrise 1917 Art Gallery of New South Wales Gift of Howard Hinton 1927 Somewhere near here Albanese and Chalmers see reform and risk-taking as an antidote to populism – ABC Are the wheels falling off the AI investment boom? – ABC Predicted $27bn wartime windfall for Australian LNG exporters
OK, so where Korea goes, goes AI. TME with more. Memory Cracks The technical deterioration across the AI memory complex is becoming difficult to dismiss as stock-specific. From SK Hynix and SanDisk to Micron, Kioxia and Samsung, momentum is fading at the same time, with several leaders breaking key trendlines and short-term support. Whether this
DXY is holding resistance turned support. AUD was aided by JPY intervention. Oil and gold parted ways, suggesting the Warsh test is peaking. Base metals are oscillating. Mining charts remain hideous EM stocks are hanging in, casting doubt over the DXY rally. Junk is serene. The Treasury curve is still bear flattening as the Warsh
After a few good days and some more missiles, the Strait of Hormuz remains open. MS fro two days ago. Yesterday we saw 7 vessels exiting the Strait of Hormuz. Data from last weekend got revised upwards from a rate of 3 vessels per day to ~7-8 units/day. Inbound vessels are also trending at ~8-9
When it comes to gaslighting HQ, look no further than today’s rubbish. A comparison by the $384 million Amplitude using publicly available data seeks to dispel some of the myths of the “manufacturing versus big gas” rhetoric, and make the case why forcing producers to cross-subsidise the manufacturing industry is not a solution to the
As the path for housing price growth continues to deteriorate, with more cities slowly joining Melbourne and Sydney in the falling housing prices club, concerns are building on the potential impact on the economy. In the latest RBA Board Minutes they noted: “Conditions in the established housing market had softened and housing credit growth looked
I have now done my best to describe the extraordinary policy failures that have done nothing to improve VIC frontline services, with record suicide rates. The failure of the Rosy Batty panopticon: MARAM has replaced frontline workers’ judgement with a centralised information-sharing system. The failure of AHPRA regulation to hold medical bad actors to account. The use
Earlier this year, RedBridge asked voters if they agreed or disagreed with a vitally important question. “Almost anything is better than the way things are now, I just want to vote for change”. Across every single demographic breakdown except voting intention, there was net support for this perspective. Generation Gender Location Education Home ownership
As the debate over the right set of economic, immigration and housing policies in Australia continues, Canada is often raised as an alternative pathway, one where housing prices and rents are falling and net overseas migration is a negative number. But this different strategy, which ultimately rests upon a reality where the Canadian government lacks
TME with the news. Under The Hood The indices may not be saying much, but beneath the surface the market continues to evolve. Leadership within AI is shifting, market structure is becoming increasingly important and several cross-asset relationships are beginning to diverge. How bullish is the AI bull? SOX has gone nowhere over the past
0The Chinese wolf warrior diplomat is back. China’s top diplomat in Australia has launched a remarkable attack on ASIO and other Western intelligence agencies, accusing them of fabricating spying claims against his nation as he issued a sweeping denial that Beijing engages in foreign interference. The combative intervention has sparked calls for ambassador Xiao Qian
Gas propaganda HQ just won’t stop. One of the nation’s big energy users and producers, Ryan Stokes, says Labor’s proposed 20 per cent domestic gas reservation will wipe out small energy companies and subsidise multinational manufacturers that are neglecting Australia’s long-term economic interests. The heavyweight pushback from the Seven Group Holdings boss came as Japanese
With the war in the Middle East still unresolved and growing domestic inflationary pressures, concerns continue to mount about the future of the Australian economy. Back in May, RBA Assistant Governor Sarah Hunter delivered a speech, during which she put forward the RBA’s perspective that a significantly more serious downturn within the economy and labour
Today, I continue my series on the disaster that is Victorian frontline services for family violence, mental health and child protection. So far, I have recounted: The failure of the Rosy Batty panopticon: MARAM has replaced frontline workers’ judgement with a centralised information-sharing system. The failure of AHPRA regulation to hold medical bad actors to
During parliamentary question time last week, Prime Minister Anthony Albanese took issue with tech algorithms, stating that they drove people to “more and more extreme positions”. “So, they start off in a mainstream position talking about ethnicity perhaps or faith, and they end up over a period of time receiving in their inbox — not
TME argues tech fear has gone too far. Peak Tech Vol? The AI options frenzy may finally be cooling. Nasdaq volatility remains elevated across almost every relative measure, but the options dynamics that kept VXN bid for months are beginning to fade. If that continues, tech volatility could become one of the market’s more interesting
The Aussie PMI is out, and it is a mess. Production decreases for fifth successive month Inflationary pressures remain considerable, despite easing sharply from May Further substantial lengthening of suppliers’ Output falls again amid sustained price and supply pressures Australian manufacturers continued to register falls in output and new orders during June amid market uncertainty
Recently there was an article in the Australian Financial Review advice columns which was based on a couple with $4.6 million in superannuation asking if they could qualify for a Commonwealth Seniors Health Card. I will include the full text of the question below and link the article. While the article made no mention of
The one economic feature of Australia that has defined MB for fifteen years is a belief in the need for lower house prices. We’ve had many fits and starts hoping the cycle would finally break, but it has always been rescued by one force or another. Now, finally, we are rid of the Boomer tax
In a recent appearance on the floor of the Senate, Greens Senator Peter Whish-Wilson urged Australians to and I quote verbatim, “Wake the f*** up”. Whish-Wilson made the argument that the rise of One Nation has been driven by a “massive international misinformation and disinformation machine”, that One Nation surging from 5% in the polls
More gas lies to unpack today from the AFR, which is gas propaganda HQ. The amount of gas likely to be used to generate power over the next 25 years has been slashed by almost 39 per cent in the grid operator’s central forecasts as renewables growth undercuts its role and boosts criticism of Labor’s plan
As the uneasy truce between Washington and Tehran continues to mostly hold overall, Iran continues to attempt to throttle traffic through the Strait of Hormuz in order to maintain a greater degree of it’s negotiating leverage. This comes amidst commentary from U.S. President Donald Trump on exactly how vulnerable the world is to a continued
One of the claimed intents of the Albanese government’s recent budget was the pursuit of so-called “intergenerational equity”, which, by adjusting the settings of the tax system, would help improve the fortunes of the nation’s young. In terms of the changes to negative gearing and the capital gains tax discount as they relate to existing residential
ANZ says 2% and no more. Adjusted for population growth that is under 1%, ANZ models predict the economy may already be near balance, our output gap models suggest the Australian economy tightened during 2025. It’s even worse in the RBA’s suite of models from the May Statement on Monetary Policy (SMP). Output gaps are
Over the past several decades, Australia’s universities have been dumbed down by the flood of international students with poor English. For example, a tutor at a leading sandstone university told The Guardian Australia in 2024 that the number of international students in her classes had reached as high as 80% and had badly degraded pedagogical standards.
