Reading

Created
Mon, 20/10/2025 - 20:07

Silvia Federici’s 1975 essay, ‘Wages Against Housework’, begins with a problem. Many women, Federici writes, are reluctant to support a campaign for housework to be waged, despite all they stand to gain from such a cause. Wages are not an obvious good; women discuss waged housework with difficulty and hesitation. But this hesitation often speaks […]

Created
Mon, 20/10/2025 - 11:30
The market for futures on Australian Government Securities (AGS) is one of Australia's key markets for trading interest rate risk, and turnover in AGS futures is substantially greater than turnover in AGS themselves. We examine liquidity in the market for futures on AGS using granular 'tick-level' data that captures trades and changes at the top of the order book from October 2019 to June 2025. We find liquidity deteriorated at the onset of COVID-19 and around the end of the RBA's yield target. Nevertheless, the market for AGS futures functioned well in the period, with market participants always able to transact (albeit sometimes at higher transaction costs). For 'news' events in the period – such as monetary policy decisions and economic data releases, which are inherently uncertain – we find liquidity tended to deteriorate briefly following these events but recovered before day's end. By contrast, for 'flow' events – such as pre-announced purchases and sales of AGS, including syndicated issuance – we find liquidity improved in anticipation of these events and smooth trading conditions were maintained.
Created
Mon, 20/10/2025 - 05:01
Week-end Wrap – Political Economy – October 19, 2025 by Tony Wikrent Trump not violating any law ‘He who saves his Country does not violate any Law’ Trump Stuns By Saying ‘I Don’t Know’ When Asked Directly NBC’s Kristen Welker ‘Don’t You Need to Uphold the Constitution?’ Joe DePaolo, May 4th, 2025 [mediaite.com] Are We […]
Created
Mon, 20/10/2025 - 00:10

Fam and I are visiting my 96-year-old Uncle George tonight. We love him. His complicated and somewhat meandering stories have been music to my daughter’s ears since she fell asleep in a cab at age six listening to him lament his wife’s death. George is my late mother’s only sibling, and the only survivor of […]

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