Blogotariat

Despite the decades both major parties have spent ingratiating themselves with the leaders of the United States, Australia is unlikely to receive any favours from the Trump administration.

Last month’s Guardian’s Essential Poll said the Albanese government was doing a poor job “increasing wages and workers’ rights”. This decline in purchasing power, the flipside of the cost-of-living crisis, is a key reason why Labor is trailing the Coalition in the polls ahead of the upcoming federal election. Prime Minister Anthony Albanese was busy

The post Anthony Albanese drowns in wage lies appeared first on MacroBusiness.

Asian stock markets are somewhat mixed although local shares got a boost on a surprise uptick in the unemployment print that energised more RBA rate cut speculation. Meanwhile other FX volatility was centered around Yen that continues to firm against USD while the Australian dollar retraced back to the 62 cent level in what looks

The post Macro Afternoon appeared first on MacroBusiness.

A new major pumped hydro project proposes to add long and medium duration energy storage to the mix in the Sunshine State.

Large-scale battery projects with a combined capacity of 226 gigawatts seek to be connected to Germany’s grid, fanning speculation of a “battery tsunami."

A Ukrainian border guard who was taken prisoner by Russian forces recently has revealed that Western instructors rely on outdated methods when training Ukrainian troops and even try to "learn" from their trainees.

The reason NATO military "instructors" not only train Ukrainians but also seek to benefit from them is very simple, former Swedish Armed Forces officer and politician Mikael Valtersson explains to Sputnik:

The iron ore price has lifted in recent days with support from Pilbvara disruptions and daily declarations for yawnulus in China. Steel has firmed a little, but, as usual, iron ore is pricing itself out first. But, the year ahead still shapes badly. Chinese steel demand is likely to fall another 2-3% under pressure from

The post Iron ore everywhere appeared first on MacroBusiness.

Goldman with the details. December total social financing (TSF) flows and new RMB loans came in above market expectations. Total social financing (TSF flow, reported): RMB 2858bn in December, vs. Bloomberg consensus: RMB 2160bn, GS forecast: RMB 2400bn.TSF stock growth: 8.0% yoy in December, vs. 7.8% in November. The implied month-on-month growth of TSF stock:

The post Chinese credit better but no cigar appeared first on MacroBusiness.

Western Australia has long harboured hopes of independence from the rest of Australia. But, having failed many years to get traction with the idea, the mining-state has instead launched a reverse takeover to enrich itself while sucking the east coast dry. It began with the Woodside takeover of BHP’s assets in Bass Strait, which added

The post WA invades to destroy East Coast economy appeared first on MacroBusiness.

Via Goldman’s useful Scott Rubner who sees risk on. 1. Largest macro ETF shorting since 2021 at GS PB Current macro discretionary equity short position is elevated at GS PB. ETF shorts are up +24% in the past month (the fastest pace since February 2021, i.e. the meme stock). ETFs as a percentage of GS

The post Santa arrives late for equities appeared first on MacroBusiness.

DXY is taking a breather. AUD is ripping into a short-squeeze. But it is wearing CNY concrete boots. Oil is a problem for markets. Dirt meh. Miners soggy bounce. EM likewise. Junk jump. Yield dump. Stocks pump. The US CPI was rocket fuel, as expected. The so-called core consumer price index — which excludes food

The post Australian dollar rips into short squeeze appeared first on MacroBusiness.

WASHINGTON (Sputnik) - The United States' official position on the Ukraine conflict must be that it should be brought to an end, Republican Senator Marco Rubio, President-elect Donald Trump's secretary of state nominee, said on Wednesday.

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         POLITICAL CARTOONIST SINCE 1951.

PLEASE DO NOT BLAME RUSSIA IF WW3 STARTS. BLAME AMERICA.

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