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MacroBusiness
Wednesday, March 29, 2023 - 00:05
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The latest mortgage data from the Australian Bureau of Statistics (ABS) shows that investors have abandoned the market, with new mortgage commitments falling 35% year-on-year: A new report from CoreLogic’s Head of Research, Eliza Owen, questions why investors have pulled back from the market when rents are rising at their fastest pace on record amid The post Sydney and Melbourne property investors bleed losses appeared first on MacroBusiness. |
MacroBusiness
Wednesday, March 29, 2023 - 00:01
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Global Macro / Markets / Investing: Remote work gains momentum despite return-to-office mandates from high-profile CEOs – Fortune Saudi National Bank’s chairman resigns after Credit Suisse comments – WSJ No company ever cost-cut its way to greatness – Venture Beat Could office blocks be the next big casualty of the banking crisis? – The Guardian The post Links 29 March 2023 appeared first on MacroBusiness. |
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Your Democracy
Tuesday, March 28, 2023 - 19:42
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The Australian Independent Media Network
Tuesday, March 28, 2023 - 19:09
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At the moment we’re witnessing the Liberal Party at their absurd best. Julian Leeser asked if the Reserve Bank would need to consult the Voice before it altered interest rates. Now, Leeser is allegedly one of the Liberals who supports the Voice but that didn’t stop him asking the sort of question that is clearly… The post The Voice: Remember When The Liberals Were Still Deciding Whether To Invade Iraq? appeared first on The AIM Network. |
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Cheeseburger Gothic
Tuesday, March 28, 2023 - 17:53
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MacroBusiness
Tuesday, March 28, 2023 - 17:06
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Albert Bierstadt, Valley of the Yosemite, 1864, Museum of Fine Arts, Boston AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK FTSE 100 Japan 225 China 50 Bitcoin/USD Tuesday Night easy listening The Necks, Kilt Maker Clifford Brown, Stompin’ at the Savoy Sky, Toccata The post Macro Afternoon: 28 March 2023 appeared first on MacroBusiness. |
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John Quiggin
Tuesday, March 28, 2023 - 16:32
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Pseudo-objectivity about pseudo-objectivity Jay Rosen coined the phrase “the view from nowhere” to describe the default stance of political journalism in the US and elsewhere, often defended as “objectivity”. This is closely linked to the concept of the Overton window, which I wrote about recently in relation to the AUKUS nuclear subs deal |
Club Troppo
Tuesday, March 28, 2023 - 16:16
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Renew Economy
Tuesday, March 28, 2023 - 15:02
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Renew Economy
Tuesday, March 28, 2023 - 14:51
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Renew Economy
Tuesday, March 28, 2023 - 14:43
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Renew Economy
Tuesday, March 28, 2023 - 14:37
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MacroBusiness
Tuesday, March 28, 2023 - 14:00
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The latest national accounts showed that New Zealand’s economy is already halfway into recession, with GDP shrinking by 0.6% over the December quarter. The result disappointed economists’ expectations and was significantly worse than the 0.7% increase in GDP forecast by the Reserve Bank of New Zealand (RBNZ): Despite the economy being far worse than anticipated, The post Reserve Bank to hike until economy breaks appeared first on MacroBusiness. |
MacroBusiness
Tuesday, March 28, 2023 - 13:30
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Veteran communications analyst, Paul Budde, has blamed the former Turnbull Coalition Government for the National Broadband Network’s (NBN) poor value and performance. According to Budde, “NBN Co was forced” to go “ahead with the Multi Technology Mix (MTM) model” imposed by Turnbull, and “it is now paying the price” in the form of higher costs The post Who killed the NBN? appeared first on MacroBusiness. |
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The Australian Independent Media Network
Tuesday, March 28, 2023 - 13:22
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On some level it is straightforward for a Neo Nazi protest to be easy for police to handle. As we saw on the streets of Melbourne last weekend, and repeatedly over recent years, a high five for white supremacist protesters is an easy gesture for some police officers. It’s not just that there can be… The post Nazis on our streets: don’t judge protesters by politeness appeared first on The AIM Network. |
MacroBusiness
Tuesday, March 28, 2023 - 13:00
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The ABS today released retail sales data for February, with sales coming in bang on expectations at 0.2% month-on-month: The below table from Alex Joiner at IFM Investors shows the breakdown between sub-categories: Joiner believes there are clear signs of a retail slowdown, but not a red flag for the RBA to change course next The post No RBA red flag in Aussie retail sales appeared first on MacroBusiness. |
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Your Democracy
Tuesday, March 28, 2023 - 12:43
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MacroBusiness
Tuesday, March 28, 2023 - 12:30
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Australian consumer confidence remains well as truly in the gutter, with the latest weekly ANZ-Roy Morgan consumer confidence index remaining stuck below 80 for the fourth week in a row: It was the first time the index been below the 80-point mark for four consecutive weeks since the early days of the pandemic in April The post Consumer confidence stuck in ‘dead zone’ appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, March 28, 2023 - 12:00
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The post AI: The Terminator has come appeared first on MacroBusiness. |
MacroBusiness
Tuesday, March 28, 2023 - 11:30
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The Australian’s Judith Sloan has done a terrific job explaining how the Albanese Government is deliberately engineering a housing crisis by running the largest and most extreme immigration program in this nation’s history. Sloan first explains how Labor’s $10 billion Housing Australia Future Fund (HAFF) is woefully inadequate and won’t provide nearly enough housing to |
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The Tally Room
Tuesday, March 28, 2023 - 11:22
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At the end of election night, Labor had definitively won 45 seats, but was expected to pick up enough extra seats to win a majority (requiring 47 seats). As of Sunday lunchtime they were leading in 49 seats. This had dropped to 47 when I was analysing the results yesterday, but it looked like there were 3-4 others where Labor was in a good position to catch up. As yesterday afternoon and evening stretched on, there were a number of updates which were bad news for Labor and seemed to weaken Labor’s position in some of those close races. |
Renew Economy
Tuesday, March 28, 2023 - 11:02
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MacroBusiness
Tuesday, March 28, 2023 - 11:00
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As we know, Australia’s population soared by nearly 500,000 in 2002 (a record high) on the back of extreme net overseas migration of nearly 400,000 (also a record high): The early indicators are that 2023 will be an ever bigger year for immigration given monthly visa data shows net arrivals are booming on the back The post Abul Rizvi: Australia’s immigration too high appeared first on MacroBusiness. |
Renew Economy
Tuesday, March 28, 2023 - 10:55
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MacroBusiness
Tuesday, March 28, 2023 - 10:30
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Goldman kicks us off with its usual best-case scenario. 1. It is still too early to have a confident view on the implications of the current banking turmoil for the US economy. Our baseline expectation is that reduced credit availability will prove to be a headwind that helps the Fed keep growth below potential despite The post How bad the American credit crunch? appeared first on MacroBusiness. |
MacroBusiness
Tuesday, March 28, 2023 - 10:00
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The excellent Michael Wilson at Morgan Stanley with his latest bearish missive. When Markets Question the “Higher Powers” Back in October when we turned tactically bullish, we wrote that markets often need the engraved invitation from a higher power to tell them what’s really going on.For bond markets, that higher power is the Fed and The post Wilson: Stocks to “rapidly reprice” appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, March 28, 2023 - 09:30
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Legislation to establish the federal government’s $10 billion Housing Australia Future Fund (HAFF) appears likely to be defeated in the upper house unless the government agrees to the concessions that are being sought by the Greens, independent senator David Pocock and the Jacqui Lambie Network. Greens housing spokesman Max Chandler-Mather and Senator Pocock are calling |
MacroBusiness
Tuesday, March 28, 2023 - 09:00
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DXY was soft last night: AUD did not benefit much: Oil is everybody’s pain. Gold fell: Not much bank stress in commods or EM: US yields took off as bank fears ebbed: Stocks did a bit better: Overall, bank fears eased but the KRE is not giving up its losses: Credit Agricole has more on The post Australian dollar whipping boy as US recesssion approaches appeared first on MacroBusiness. |
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Cheeseburger Gothic
Tuesday, March 28, 2023 - 08:34
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I fucking loved this recent bit in the Financial Times (paywalled, soz) about an Italian communist professor throwing shade on Italian food mythology. Long story short, he says it’s pretty much all bullshit. Until the 1950s most Italians starved every day and whatever nutrients they found during the course of the day they’d push straight into their feeding holes. One fave bit was his take one parmesan cheese. The only true parmesan is American. |
Renew Economy
Tuesday, March 28, 2023 - 07:11
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