ASX 200 is set to open higher, mirroring US equities that shrugged off tepid retail sales data in the US. The big focus was the on the largest four banks which all topped equity-underwriting estimates.
Last week Gina Raimondo, Secretary of Commerce, said ‘we’ had to ‘push’ people around in order to realise her version of a good economy. It’s not necessarily an economy that gives people more of what they want; she wants an economy that produces more silicon chips! And the way to get it is with more central planning.
BusinessWeek’s cover story in August 1979 is a simple, but highly effective example of social mood. Most people don’t realise that by August 1979, the US market had gone nowhere for more than a decade, and investor despair would continue for another three years. In 2023, we have a social mood that’s the polar opposite of 1979. While the 1979 and 2023 investor outlooks are vastly different, the thought process behind the two contrasting positions is identical.
ASX 200 to fall. Premier Dan Andrews announced this morning that the Commonwealth Games will not be held in Victoria as the cost would be 6-7 billion.
ASX 200 opens lower on Monday. Markets eye ‘soft landing’. IGO, Whitehaven, Whispir, Vulcan Steel feature.
Readers don’t need an introduction to the topic of climate change. It gets saturation coverage in the media and is impossible to avoid. What is needed is careful consideration of the claims and counterclaims combined with real scientific data — not the bogus data you hear so much about.
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