
The Gloom Index
Business confidence is sinking, housing projects are getting harder to make stack up, unemployment is rising and the AI boom has a few awkward questions to answer. It's not a week for the naturally optimistic.

Business confidence is sinking, housing projects are getting harder to make stack up, unemployment is rising and the AI boom has a few awkward questions to answer. It's not a week for the naturally optimistic.

Rates rise, property slips, lenders tout 40-year mortgages and a new plan for face-to-face banking in regional Australia that looks suspiciously like window dressing.

This week, money, mortgages and magic. A system that often seems to operate for someone else and the RBA accused of incompetence.

You can almost hear the spreadsheets groaning as banks re-price mortgages and chase deposits. Brokers are finding it harder to refinance clients and Bitcoin enters the room.

Some dark days on Money Road this week: Our biggest banks suffer a seismic scam, Chicken Little is in the house, and a gratuitous slur on the good folk of Cunnamulla.

Every now and then the news arrives in a tangled mass of contradictions that defies analysis and creates a simpler response: WTF? This was one of those weeks. Welcome to Money Road.