Fractures and Fealty

Australia should deploy to the Red Sea – but for the right reasons, with record low real yields Bank of Japan triggered capital flight, Quad adrift after Biden’s India no show.

UPDATE: The economic arguments for protecting trade from modern-day marauders such as the Houthis are far more compelling than loyalty to the alliance. It is worth considering when exactly deploying our military assets in Australia’s interests becomes a test of fealty to the US, and an act of “mateship”.

The yen's key drivers are so weak the currency is …