New home building in Australia is set to decline from its peak to a trough in 2025, amidst interest rates increase, building cost surge and capacity constraints, the House Industry Association (HIA) said. The industry peak body also anticipates increasing cash flow pressures on builders from rising borrowing costs and slowing demand. The forecasted decline…
Australian Home Building Set to Slow Till 2025 as Builders Face Higher Pressure: HIA
Australian Taxpayers Will Be Paying for 2050 Net-Zero Target: Former Opposition Leader Barnaby Joyce
Former Nationals party leader Barnaby Joyce has warned about the far-reaching consequences of the net-zero agenda, saying it could rewire the economy and drive up taxes. The comment was made after newly elected Nationals leader David Littleproud, who came from the moderate faction, pushed for a generational change in the conservative party by making achieving…
Experts Criticize Biden’s Changing Policies For Cuba and Venezuela
June 1, 2022
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A discussion at the conservative Heritage Foundation gave rise to searching questions about President Joe Biden’s recent moves to ease restrictions on Cuba and Venezuela—including its actions to step up Venezuelan oil production. “At a time when the Biden administration is restricting domestic energy, he’s giving the [Venezuelan] dictator [Nicolas] Maduro the green light,” said…
New York Suspends Gas Tax for Rest of 2022
New York cut the state’s gas taxes by 16 cents a gallon on Wednesday. The tax cut is aimed to give New Yorkers a little break as gas prices hit record highs around the country. The reprieve will last until the end of the year Gov. Kathy Hochul said, with the state is asking counties to…
Sheryl Sandberg to Step Down as COO of Facebook Parent Company Meta
June 1, 2022
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Sheryl Sandberg, the Chief Operating Officer of Facebook’s parent company Meta, said on Wednesday that she’s leaving this fall after 14 years with the company. “Over the next few months, Mark [Zuckerberg] and I will transition my direct reports and I will leave the company this fall,” she said in a long statement on social…
Biden Says He Didn’t Know Shutdown of Infant Formula Plant Would Lead to Severe Shortages
President Joe Biden on June 1 said he did not foresee his administration forcing the shutdown of an infant formula plant would lead to severe formula shortages. “I don’t think anyone anticipated the impact of the shutdown of one facility, the Abbott facility,” Biden said, referring to the plant in Sturgis, Michigan, that was taken…
Cryptocurrencies Are on Their Way Out
June 1, 2022
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Commentary The cryptocurrency market valuation is less than half of the $2.9 trillion it was worth in November. What’s going on with the cryptocurrency market? More people than ever before have been holding “cryptos” as a safe-haven asset to hedge against inflation and other central bank offenses. It wasn’t very long ago that investors were…
Elon Musk Takes Dig at Deutsche Bank’s ‘Greenwashing’ Raid After Tesla ESG Snub
Billionaire entrepreneur Elon Musk has taken a jab at environmental, social, and governance (ESG) investment funds after news broke that German authorities raided Deutsche Bank and asset management company DWS Group due to alleged “greenwashing” of its ESG funds. Greenwashing refers to processes by which companies falsely present themselves as more pro-environment than they really…
The Fallacy of the ‘Broken Clock’ & the Art of Contrarianism
Commentary It gets stated that “bears are like a ‘broken clock,’ they are right twice a day.” While it may seem true during a rising bull market, the reality is that the “broken clock syndrome owns both “bulls” and “bears.” The statement exposes the ignorance, or bias, of those making such a claim. If you…
The Clock Is Ticking on Fed Rate Hikes as Recession Approaches
Commentary The purpose of immensely important, woefully unappreciated eurodollar futures derivative contracts is simply hedging. But hedging enormous and complex financial positions isn’t for you or me, but rather for the global behemoths that are the eurodollar system itself (the world’s actual reserve currency). Given the scales involved, there are literally trillions on the line,…
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