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Japanese Bonds Crater After PM Takaichi Prepares To Issue Much More Debt To Pay For Gasoline Subsidies

While it may seem like every government these days - not just Emerging but certainly all Developing countries too - has become a banana republic in light of the increasingly more idiotic fiscal and monetary policies adopted to kick the can at least until the next election, nobody is quite as cartoonish as Japan, the…

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BofA's Blanch Joins Goldman In Calling For $90 Brent This Year Amid "Pretty Large Deficit" Fears

Add Bank of America's commodities and derivatives research chief to the growing list of Wall Street strategists who see Brent crude sticking around $90 a barrel this year, as any near-term resolution to the Hormuz chokepoint crisis appears increasingly distant. The call follows Goldman's move several weeks ago to ra…

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Sydney's auction clearance rate plummets to lowest level since COVID lockdown

Fewer than half of the homes listed for auction in Sydney sold over the weekend - the lowest rate since the early days of the COVID-19 pandemic.Last Saturday's auctions marked the first test of the market since the federal government announced an overhaul of negative gearing and Capital Gains Tax (CGT) last Tuesday…

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‘A problem for every single business’: Labor insider joins backlash over CGT overhaul

A top adviser to former Labor leader Kevin Rudd and NSW Premier Chris Minns has joined a growing group warning that Prime Minister Anthony Albanese and Treasurer Jim Chalmers’ decision to hike the capital gains tax on businesses will stifle the economy and drag productivity, as Labor MPs grow uneasy about the backla…

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