Wry & Dry #4-27
It took a lot to persuade Premier Allan to jump – but she did, eventually, in a noteworthy manner. Liberal Jess Wilson’s tyres were let down by Allan’s self-DCM. Trumpster’s fixed price Boeing deal is costing Boeing plenty. FIFA despot was surprised by opposition to his money-grubbing plan, which says more about him than the deal itself. Trumpster’s popularity craters.
Critical forces just below the surface – Australian banks, interest rates and China
Company profit reporting season is imminent, with significant updates expected from Commonwealth Bank and Woolworths.
Australian reporting seasons have become volatile, influenced by increased interest rates, high inflation, and changing economic conditions.
A recent RBA survey highlights economic illiteracy among Australians, particularly regarding the impact of higher interest rates on inflation and asset prices.
The Federal Budget introduced changes to negative gearing and capital gains tax, affecting property investment dynamics.
The upcoming reporting season will reveal how the economic picture from the Budget aligns with real market conditions, especially regarding credit and housing trends.