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Finance & Markets

Jim Chalmers fails to control budget spending

I explained on Monday why Australia’s inflation problem is primarily domestically driven, in response to Treasurer Jim Chalmers’ claims that the war in the Middle East, not excessive government spending, was driving inflation. Former RBA governor Phil Lowe and other economists last week debunked Chalmers’ claims, insisting that excessive federal government spending is driving up The post Jim…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

Read the original at macrobusiness.com.au →

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Why $100 Oil Is Hard to Kill

Brent Crude oil prices have held above $100 per barrel for most of the past month despite numerous reports and figures put out in recent weeks by tanker-tracking services and investment banks that…

  • Brent Crude prices stay above $100 per barrel despite increased Strait of Hormuz flows.
  • Freight rates at record highs, war risk premiums surge due to tanker attacks.
  • Gulf producers use less efficient routes, increasing costs and supply time.

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