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Comment & Analysis

Lord save us from being governed by bankers

There was good cause to privatise the poles and wires in NSW.

With Our Glad Berejiklian - the archetypal girl who works harder than the boys - replacing pin-up boy Mike Baird as premier of NSW, should the citizens of other states be envious? Don't be too sure.

Trump's TPP move is not a slam dunk for US

Steel awaiting distribution at a US Steel Corp plant in Indiana.

It's a slam dunk, right? Blocking imports into the US will be good for the US economy, adding jobs and helping to make the US great again, at least according to the mantra of the newly installed US President Donald Trump.

China finally invents a ballpoint pen of its own

Chinese manufacturers make around 40 billion pens a year.

It was a years-long effort that cost millions of dollars and required the leadership of a state-run corporate colossus. It was front-page news, widely discussed on talk shows and celebrated on social media.

Are global markets headed for a meltdown?

Bank of America calls it the Icarus Trade: Global stock markets will surge  another 10 per cent in a parabolic "melt-up" ...

Bank of America calls it the Icarus Trade: global stock markets will surge another 10 per cent in a "melt-up" this quarter, followed by a mirror "melt-down" later in 2017. HSBC's latest global outlook is even darker.

Trump's Russian bromance: Doing a 'Nixon goes to China'

Trump's bromance with Vladimir Putin is a re-run of the Nixon/Kissinger playbook, with a twist.

Trump's cosying up to Vladimir Putin is straight out of the Nixon/Kissinger realpolitik playbook, seeking to befried Russia to better contain China, the country he sees as the biggest threat to the US as the world's biggest economy.

The unending game of bulls v bears

Buying bears and selling bulls often works, but sometimes it doesn't.

Arguably the world’s biggest bear at this time last year seems to have disappeared, but the bull who most publicly called him out has himself turned into a bear.

Ironing out the productivity wrinkles

Ironing is one of the great productivity sappers plaguing civilisation

Multiply the number of shirts worn in Australia by the time it takes to remove their natural wrinkles, and you pretty much have the national productivity crisis laid out on your ironing board.

Why we keep buying presents no one needs

Gifts put us into a relationship with someone. They're like a maintenance fee for your relationship.

Spend much time with economists around this time of year, and you will hear about the dreadful inefficiency of exchanging gifts. But there's a higher logic to the gift economy.

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