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A fresh mess in US politics will do nothing to take the heat out of surging bond yields, and the ripple effects have clearly spread to Australian equity and currency markets.

With $US33 trillion in debt and rising bond yields, it was the US government’s fiscal position that ultimately undid speaker Kevin McCarthy.Home Affairs Minister Clare O’Neil is announcing big changes to the visa system, but that won’t do much to deter surging net immigration numbers. –The government’s planned changes to franking credits connected to share buybacks and capital raisings raise a legitimate question about the long-term future of dividend imputation.

If you were inventing the office today, you certainly would not want what we have now.When judging the performance of the former CEO, some very important factors are being entirely buried in the current firestorm.House prices are just 1.3 per cent below their peak, compounding the affordability crisis that super sector “godfather” Garry Weaven says funds must help solve.

 

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Finance Finance Latest News, Finance Finance Headlines