ASX News LIVE | XJO Falls; Oil Marches Higher; GDP Data Fallout
XJO tracks US lower. Oil marches on. GDP data dump fallout — rising labour unit costs a bad sign. Apple falls on China iPhone ban.
Macroeconomic News: Insights into Economic Trends and Developments
ASX News LIVE | XJO Falls; Oil Marches Higher; GDP Data Fallout
XJO tracks US lower. Oil marches on. GDP data dump fallout — rising labour unit costs a bad sign. Apple falls on China iPhone ban.
The Hidden Meaning Behind ‘The Lord’s Prayer’ — Debt, Economics, and Australia’s Land Cycle
Last year, the Greens made a push to scrap the tradition of saying the Lord’s Prayer in the upper house. This year, the Victorian government have pledged to do the same. However, I wonder if parliamentarians would be so keen to scrap it if they knew its true meaning? As it happens, for almost two centuries, MPs have been standing in parliament and praying, ‘…forgive them their debts’. Yes — debts, not sins. Read on…
ASX News LIVE | XJO Slips; Global Markets Down as Oil Prices Climb, Pressure Mounts on Qantas
Wall St and European markets fell overnight as oil prices increased to the highest since November as OPEC+ cuts are extended. Aussie dollar fell over 1% overnight as the RBA kept rates on hold again yesterday.
The Fall of the Fourth Estate
‘The American press exists for one purpose only, and that is to convince Americans that they are living in the greatest and most envied country in the history of the world. The Press tells the American people how awful every other country is and how wonderful the US is and how evil communism is and how happy they should be to have freedom to buy seven different sorts of detergent.’
Gore Vidal
Be Careful What You Wish For
The narrative peddled by those with short memories and long market positions, goes something like this, ‘with interest rates (all but) tapped out, share markets can get on with the business of going higher and higher and higher’. Simple really. But that’s the problem…nothing with markets is ever really simple…
