Morning peeps,
Markets are flat.
US/China deal seems to moving in the right direction even if details are thin.
Oil up, Gold up.
US inflation from tariff's?
.... What US inflation?
Inflation numbers overnight much lower than expected, Powell way too late dropping rates, numbers seem to prove tariff costs not being passed on like the delusional left seem to have thought, this is because they don't understand proper economics, only the fantasy economics like our Justis and our current Oz Government.
US reviewing AUKUS role. No point protecting OZ if they not going to pay their fair share and theres no way we can build Nuke subs here in Oz as too many Chinese spy's here, Eu upping spending to 5%, so should we, we are even more defenceless than EU countries. Does Australia only want protection if we don't have to pay? Doesn't seem fair.
China sailing 2 Aircraft carriers in the Pacific now, another one in testing and another one being built in a shipyard plus the Chinese Navy doing laps around Oz, dictating a to do list for to Albo which he even fulfilled even though ScoMo was right about the covid origins! and our Gov doesn't seem to want to protect us. Labor more like an arm of China than Australian imo.
Anyway, this is probably all above my pay level so just my 2 cents worth.
Cool, blue skies here, 7C. Brrr
