Australian Economy & Resource Dependence - Australia's economic growth has been driven by natural resources for three decades, but future growth requires innovation and investment [1] - The Australian economy has a narrow base heavily reliant on mining and resources [10][11] - Commodity earnings are expected to fall to 271 billion US dollars (approximately 385 billion Australian dollars) due to falling prices and an uncertain global economy [12] Innovation & Investment - Australia spends only 1.7% of GDP on research and development, below the OECD average of 2.7% [15] - There is a lack of interested growth capital in Australia, with foreign direct investment making up 80% of a world record setting Series B funding round for one company [2] - Increased investment as a share of GDP is needed, potentially through lower taxes or a more competitive tax system and reduced regulation [13][14] Talent & Policy - Australia needs to invest in universities and research and development, while also sending clear policy signals that it is open for international students [23] - Encouraging skilled migration, particularly from young people, could add 30 billion dollars to the economy [24] - Deliberate and purposeful policies are needed to attract talented people to Australia, leveraging the livability of its cities [25][26] Quantum Technology & GPS Disruption - Quantum technology is an emerging field with applications in areas like navigation without GPS [5][7] - GPS reliability has diminished, with almost a thousand commercial aviation flights disrupted daily since March 2024 due to deliberate GPS jamming [6] - Q-Control is developing technology to navigate without GPS using quantum sensing [7]

Australia’s future no longer relies on shipping mountains of ore to China—but in chipping away doggedly at the obstacles that hold back its growth https://t.co/NyYpyvXTyC ...

Learn why some economists and policy makers believe that inflation is good, or even necessary, for economic growth, even though it can raise the cost of living for many. https://t.co/wfOot8ezaY ...

Monetary Policy & Economic Data - The FOMC (Federal Open Market Committee) typically meets every six weeks to vote on monetary policy [3] - Access to high-quality data is crucial for monetary policy decisions, but decisions aren't made daily [2] - The industry emphasizes forward-looking policies, considering future expectations for inflation and output gap [4][17] - Financial conditions are the channel through which monetary policy operates [27] - Monetary policy works with lags, making it inappropriate to solely rely on backward-looking data [16][17] Inflation & Housing - The industry expects a significant disinflation in the services component of inflation indices, driven by shelter costs [7] - Housing costs, particularly rent surges and shelter cost increases, are a major component of inflation indices [5][6] - Immigration shocks have impacted housing rents, initially pushing them up and potentially reversing to negative net migration [35] - Services inflation, particularly driven by housing/shelter costs, is considered the most persistent and sticky part of inflation [33] Neutral Rate & Economic Growth - The speaker's conception of the neutral rate is around 05% (a half), based on a weighted average of model-implied and market-implied rates [9] - Policies like deregulation can expand the potential output of the economy faster than actual output, creating a positive output gap [13][14] - Fiscal deficits in February through August are about $400 billion at an annualized rate below the comparable period in the previous fiscal year [28] Tariffs & Trade - The elasticity of demand in imports is much higher than the elasticity of supply, suggesting foreign producers bear the burden of tariffs [40] - Flat import prices could be due to a weaker dollar offsetting the decrease in dollar prices from tariffs [45] - The speaker compares prices of import-intensive core goods to overall core goods to assess the impact of tariffs on inflation [54]

Market Overview - Stocks are expected to move higher in early trading, continuing the upward trend seen in recent sessions, with S&P 500 futures up by 0.1 percent [1] - Major averages have reached new record highs despite the ongoing U.S. government shutdown [1] Economic Impact of Government Shutdown - Traders appear to be unconcerned about the economic impact of the shutdown, although Treasury Secretary Scott Bessent warned it could negatively affect U.S. economic growth [2] - Bessent highlighted that the shutdown could lead to a decrease in GDP and impact working Americans [2] - The delay in the release of key U.S. economic data, including the Labor Department's monthly jobs report, is a significant concern for the markets [2][3] Market Sentiment and Predictions - There is an expectation that the government shutdown may last until mid-October, which could hinder the Federal Reserve's ability to make informed interest rate decisions [3] - The ISM's services PMI is anticipated to slightly decline to 51.7 in September from 52.0 in August, but a reading above 50 still indicates growth [4] Stock Performance - Major averages closed higher for the fifth consecutive session, with the Nasdaq up by 88.89 points (0.4 percent), the Dow rising by 78.62 points (0.2 percent), and the S&P 500 increasing by 4.15 points (0.1 percent) [5] - Mixed performance was observed in overseas trading, with Japan's Nikkei 225 Index rising by 1.9 percent and Hong Kong's Hang Seng Index falling by 0.5 percent [5] European Market Trends - Major European markets showed mixed results, with the U.K.'s FTSE 100 Index up by 0.5 percent, while the French CAC 40 Index and the German DAX Index fell by 0.1 percent and 0.2 percent, respectively [6] Commodity Prices - Crude oil futures increased by $0.25 to $60.73 per barrel after a previous decline [6] - Gold futures rose by $17.90 to $3,886 per ounce following a significant drop [6] Currency Exchange Rates - The U.S. dollar is trading at 147.35 yen, up from 147.23 yen, and valued at $1.1730 against the euro, compared to $1.1714 previously [7]

The State Bank of Vietnam plans to keep pursuing policies to spur growth while containing inflation, aiming to boost lending to businesses even as it controls credit to riskier sectors https://t.co/TBn4tiirWw ...

Well, the S&P and NASDAQ pulling back after hitting fresh record highs at the open. Joining us with his outlook, PNC asset management, chief investment strategist, Young Ma, thank you so much for joining us. I mean, there's so much to talk about here, but I guess we really should start with the news of the day being, of course, this government shutdown moving into day two.And if you look back at history and the four or so shutdowns that lasted more than a day in the last 30 years, most of them had a muted e ...

The country grew rich on Chinese demand. Now it must find a new model for growth https://t.co/Bwnv1bIQBf ...

Economic Growth - GDP增长通常被认为是经济增长的标志 [1] - 经济增长可以提高生活水平 [1] Potential Risks - 不均衡的经济增长可能导致通货膨胀 [1] - 不均衡的经济增长可能加剧不平等 [1]

Core Viewpoint - Amazon.com Inc has been a leading tech stock, excelling in e-commerce, cloud computing, and advertising, yet its stock performance has disappointed investors recently [1][2]. Stock Performance - Despite the broader equity market reaching new highs, Amazon's stock has not surpassed its all-time high of $240 from February [2]. - The stock has encountered resistance at the $240 level multiple times over the past nine months, indicating a potential "triple top" pattern, which is a bearish signal [3][4][5]. Technical Analysis - The triple top pattern suggests that buyers are losing confidence at the $240 price point, making it increasingly difficult for the stock to break through this ceiling [4][6]. - The recent inability of Amazon to capitalize on favorable market conditions raises concerns about the sustainability of its bullish momentum [6]. Analyst Ratings - Wells Fargo upgraded Amazon's rating from Equal Weight to Overweight, indicating a stronger commitment to the bullish outlook, especially in light of the stock's struggles to break the $240 barrier [7][9]. - The upgrade is significant as it reflects a high degree of confidence in Amazon's potential to overcome current resistance levels [9]. Growth Drivers - The upgrade from Wells Fargo is based on expectations surrounding Project Rainier, which aims to accelerate growth in Amazon Web Services (AWS) amidst increasing demand for AI workloads [10]. - Amazon's advertising business is also highlighted as one of the fastest-growing segments, alongside its robust e-commerce operations, particularly with the upcoming Prime Day expected to drive significant consumer spending [11][12]. Long-term Outlook - Amazon possesses multiple growth drivers that provide a strong long-term outlook, despite recent stock performance challenges [12]. - The underlying business fundamentals remain solid, suggesting that the stock may soon gain enough momentum to reach new highs [12].