Japan imported its 1st shipment of liquefied natural gas 50 years ago today. Now the nation is the world’s largest buyer of the fuel (and pioneered the industry) Hiroshi Anzai is the little known maverick who played a key role in Japan becoming an LNG juggernaut thread below 👇

For those asking, 105 out of 114 economists were wrong (in expecting 25bps).

The cost of Labor not reforming the Coalition’s failed Job Ready Graduates scheme. Turbocharging an intergenerational inequality gap already growing wider due to the housing and climate crises. smh.com.au/national/the-n…

The Fed cutting rates will not “cause” the RBA to follow - unless there is an unlikely surge in the $A. There have been several occasions when the RBA & Fed have diverged - eg RBA hiking rates after the GFC when the Fed held & RBA holding/cutting when Fed was hiking from 2015…

This is absolutely stunning... Office buildings totaling 633k sq ft in downtown Minneapolis just sold for $6M or a shocking $10 per sq ft The price represents a 91% 'discount' to what the seller bought the towers for - $74M in 2019! The meltdown in class B/C office

NEWS: Nio is in talks with VW Group/Audi to acquire their factory in Belgium. Nio aims to produce in Europe to avoid the EU tariffs on imported EVs from China. eletric-vehicles.com/nio/nio-in-tal…

Australians lost $2.74 bn to scams in 2023. We need to secure our financial and digital services to protect people from these increasingly complex schemes. New legislation to protect consumers is being developed; I think it’s not strong enough. Public consultation is open

Population growth beyond the peak Enormous growth in VIC over the year to March 2024 NSW +168k VIC +184k QLD +135k WA +89k SA +27k ACT +8k TAS +2k NT +2k AUS +615,254 (ABS) #ausbiz 🇦🇺

Unemployment holds at 4.2%. Underemployment up to 6.5%. Hours work a so so 1.7% yy The change in Australia’s unemployment rate is the same as in the US and Australian rates are more restrictive My Two Minute Take

Federal Reserve cuts rates by half a point and signals era of easing has begun - on.ft.com/3XP9r9R via Financial Times

How a shadow fleet is transporting sanctioned LNG for Russia 🇷🇺🚢 A network from Dubai to India is involved in a multi-billion dollar effort to circumvent US restrictions It’s an opportunity for Putin to show western sanctions can’t stop its gas trade 🧵 bloomberg.com/news/features/…

Fed cuts the Fed Funds Rate by 50bps A new easing cycle has begun and if recession lands, ~500bps of cuts would be the historical norm. ft.com/content/bff9e6… via @ft

central.newschannelnebraska.com/story/51460744…

Good Morning from #Germany, where electric vehicle (EV) sales plunged 69% during Aug YoY, totaling just over 27,000 vehicles. EVs now make up 14% of the market through Aug, down from over 15% in Aug 2023, disrupting automakers' plans to move away from combustion engines. This

Where will this gratuitous woke nonsense end ? People are on the street !!!! Govt buys $51m cattle station to save 60gram native creature realestate.com.au/news/govt-buys…

yes even King Island !!!! is in serious Drought . Victorian and South Australian farmers face tough decisions as crops fail - ABC News abc.net.au/news/2024-09-1…

I’m interested in experienced southerners thoughts on salvaging frosted lentils. These pics are best and worst of it, I’d guess at best ~300kg if we get a rain. Assume wrinkled grain an issue also. Lots of pds in this scenario. Sprayout vs hay vs run with it. Hit me!

Barry Haskins x.com/jasonbrand/sta…

Jetpack racing at the opening of the Austrian Formula 1 GP.

From Jeanna Smialek’s article, “America’s Inflation Fight Is Ending, but It’s Leaving a Legacy: As inflation cools and the Federal Reserve cuts rates, an era of economic upheaval is coming to a close, but not without lingering marks.” #economy #inflation #centralbanks