Trump has begun an unprecedented attack on the norms of US lawmaking. The scale and scope of the attack are significant and mostly unconstitutional. The two most likely outcomes are:
Justin Fabo from Antipodean Macro posted the following update on labour productivity across major advanced nations.
Australia's manufacturing sector has shrunk to just over 5% of GDP, the lowest share in the OECD.
It's a very big debate for asset allocators by very big people that I respect on both sides.
DXY is back.
Over the past decade, the number of cafes nationwide has reached an unsustainable level, and many are struggling to survive.
There really is not much more Tony Wood of the Grattan Institute can do to destroy Australia's energy transition.
I'm assuming most readers are at least somewhat aware of DeepSeek over the past week, which culminated in a large sell-off in AI stocks on Monday.
Interest rates and house prices lower together? Wouldn't that rock the foundations of Aussie entitlement?
One of the Trump Administration's first acts upon taking the US Presidential Office was to declare a "national energy emergency".
Here it is.
OK. Let me get this out of the way up front: Trump will declare victory either way.
Via Goldman's useful Scott Rubner who sees risk on.
The bubble of a lifetime in CBA shows no signs of bursting at 26x growthless earnings.
The first battle between bond vigilantes and King Trump has gone to the former.
