All together now, interest rates are staying ‘higher for longer’. The US Fed is dead set on taming inflation and rising long-term yields show investors think advanced economies can bring about disinflation without recession. But the ‘higher for longer’ crowd is grossly underpricing the risks of a sharper economic slowdown. The cure for inflation always has unpleasant side effects. Just ask Milton Friedman.
Australian Economy News: Updates and Insights on Australia's Economic Landscape
When most people think about the ‘Australian Economy’, the first thing that’ll often come to mind is mining and banking. Two industries that dominate our total productive output both locally and abroad.
It is, however, a little more intricate than that...
Australia is a prime exporter of many commodities. Many of which are mined, but some of which aren't. And while iron ore has certainly been our forte for a number of years now, we have quite the unique mix of materials across our vast country.
Fix the Economy, Stupid!
Most Australians are weighed down by the burden of rising living costs as our economy is slowly reeling from the chaos in the past three years. Our government and various institutions are not only not helping us but they’re saddling us with more problems. It’s clear that they don’t have our interests in mind. ‘The Voice’ is the latest example of selling us more troubles in the name of uniting our country. There’s a way to unite the country. It’s not hard…just fix the economy, stupid!
Nuclear: The Only Sound Energy Future – Interview with Rob Parker
In recent weeks, Greg Canavan has been looking at the cost and implications of Australia’s energy transition to Net Zero from both an economic and political perspective.
Telstra ASX:TLS and TPG Telecom ASX:TPG Abandon Plan to Share Regional Mobile Networks
Telstra and TPG announced today that they will not appeal against the decision to block their regional network sharing deal MOCN which has been in flux since it was first penned in February last year.
Boral [ASX:BLD] Shares Up 8.1% after Beating Profit Expectations
Construction materials giant Boral posted strong earnings today, beating expectations as its price increases across the board translated into healthy books. Shares were up by 8.12% this afternoon.
Why Is the Energy Sector Up, and What Is Its Future?
The ASX 200 Energy (XEJ) Index was up 4.7% this week, bringing its last 12 months’ gains to 15.42%. This has occurred as Brent Crude edged above $84 a barrel yesterday for the first time since April, while WTI Crude also crossed $80 per barrel.
