MacroBusiness
Wednesday, May 31, 2023 - 10:40
Source
The Market Ear on the new bubble of our time. Mightiest tech NASDAQ vs Russell futures ratio printing the daily new all time high… Refinitiv Breaking Good NASDAQ continues trading inside the big trend channel that has been in place this entire year. Note the latest move has the index trading above the short term The post AI bubble engulfs Fed appeared first on MacroBusiness. |
Renew Economy
Wednesday, May 31, 2023 - 10:37
Source
|
Renew Economy
Wednesday, May 31, 2023 - 10:23
Source
|
MacroBusiness
Wednesday, May 31, 2023 - 10:20
Source
The greatest construction boom in history is over and iron ore is yet to fully realise it. Goldman describes the obvious: China’s current economic recovery has been concentrated in the services sector, as expected. Around the world, Covid restrictions typically disrupted services(consumption) more than goods, so the subsequent post-Covid “reopening recoveries” have been services-centric as |
The Tally Room
Wednesday, May 31, 2023 - 10:15
Source
There will be a state by-election coming up soon for the Western Australian seat of Rockingham. Rockingham is at the southern fringe of Perth, and has been held since 1996 by Mark McGowan. McGowan announced his resignation as premier and local member on Monday. McGowan won Rockingham with an astonishing 87.7% of the two-party-preferred vote in 2021. I have no doubt that Labor’s vote will come some way back to earth, but it’s hard to see anyone else winning. I’ve written my guide for the race, and you can read it here. |
MacroBusiness
Wednesday, May 31, 2023 - 10:00
Source
Australia’s population expanded by a record high 482,000 in the 2022 calendar year amid unprecedented net overseas migration (NOM): Visa data to April also showed that net temporary migration hit an all-time high on the back of record student visa arrivals: According to Abul Rizvi, “offshore student visa applications in April 2023 set another record The post International student arrivals surge to new heights appeared first on MacroBusiness. |
xkcd.com
Wednesday, May 31, 2023 - 10:00
Source
|
MacroBusiness
Wednesday, May 31, 2023 - 09:40
Source
DXY stalled: AUD was smashed on the crosses: CNY keeps falling. This is a long-term adjustment for mine as China is ex-growth: Needless to say, this is bad for commodities: And miners: Plus EM stocks: I’m not sure what triggered junk: Treasury yields eased: AI inflated and everything else didn’t: It remains my view that The post Australian dollar smashed again appeared first on MacroBusiness. |
Renew Economy
Wednesday, May 31, 2023 - 09:40
Source
|
Your Democracy
Wednesday, May 31, 2023 - 09:21
Source
Consider this. As you are beginning to read this article, global debt is surging higher. In fact, global debt has never been higher than it is today. But in the few minutes that it will take you to finish reading this article, global debt will have surged even more. Every second of every day, 24 hours a day, every day, global debt is climbing. The “big secret” is this: it can’t ever stop.
|
MacroBusiness
Wednesday, May 31, 2023 - 09:20
Source
The east coast is in the middle of the worst energy shock ever outside of the Ukraine War with no end in sight. The gas price is still hovering around $20Gj, miles above the supposed $12Gj cap: Electricity prices are going higher still if nothing is done: The political economy is completely lost on the The post Albo’s insane energy shock spreads to WA appeared first on MacroBusiness. |
Your Democracy
Wednesday, May 31, 2023 - 09:00
Source
The COVID-19 pandemic is a global challenge. No single government or institution can address the threat of future pandemics alone. |
Your Democracy
Wednesday, May 31, 2023 - 06:21
Source
“Independent media” are sweeping developing countries; money from NATO governments and George Soros’ Open Society Foundations are flooding the public sphere. |
Your Democracy
Wednesday, May 31, 2023 - 05:45
Source
Before Russia's full-scale invasion of Ukraine, Olha Bihar was a lawyer working for a firm in Kyiv while completing her PhD in tax law. Fifteen months later, the 31-year-old is a commander of a mortar unit, an artillery officer and a veteran of the Battle of Bakhmut, with the call sign Witch. |
Cheeseburger Gothic
Wednesday, May 31, 2023 - 05:45
Source
Some have to settle for the call sign ‘Witch’. |
Cheeseburger Gothic
Wednesday, May 31, 2023 - 05:33
Source
Yes, I’m totally watching the Barbie movie when it comes out. But I’m going to read this piece in Esquire again first. A deep dive into the terrible wrong that has been done to a good man who only ever wanted to be a good, anatomically correct boyfriend. Poor Ken. |
MacroBusiness
Wednesday, May 31, 2023 - 00:05
Source
According to CoreLogic’s most recent rental market data, apartment rents have surged in the five major capitals, as shown below: This explosion in rent comes on the heels of a drop in unit rental vacancies to just 0.9%, the lowest percentage on record: The forward-looking indicators are concerning for the apartment rental sector. On Tuesday, The post Australia is running out of apartments to rent appeared first on MacroBusiness. |
MacroBusiness
Wednesday, May 31, 2023 - 00:01
Source
Global Macro / Markets / Investing: WHO urges governments to stop subsidizing tobacco farming and strengthen food security – Dev Discourse Traders turn optimistic on debt ceiling deal — and one strategist says it’s a ‘market opportunity’ – CNBC Nikkei hits 33-yr high in morning on U.S. debt ceiling deal, weak yen – Kyodo News The post Links 31 May 2023 appeared first on MacroBusiness. |
The Australian Independent Media Network
Tuesday, May 30, 2023 - 19:27
Source
“If The Voice Loses It Will Be Albanese’s Fault!” Yep, I saw that on the front page of “The Australian” a few days ago and I was tempted to steal the paper but then I remembered that theft is one of those Ten Commandment things that still gets enforced by law and, more frightening than… The post “If The Voice Loses It Will Be Albanese’s Fault!” appeared first on The AIM Network. |
MacroBusiness
Tuesday, May 30, 2023 - 16:36
Source
Eugene von Guérard, North-east view from the northern top of Mount Kosciusko, 1863 AUD/USD EUR/USD USD/JPY GBP/USD WTI Brent Gold Australia 200 US S&P 500 UK 100 Japan 225 The post Macro Afternoon: 30 May 2023 appeared first on MacroBusiness. |
The Australian Independent Media Network
Tuesday, May 30, 2023 - 15:22
Source
Victoria University Media Release Victoria University research in partnership with the Youth Affairs Council Victoria (YACVic) shows young people are keen to get involved during times of natural disaster preparation and recovery, yet they have few opportunities to help or have their needs heard. Associate Professor Fiona MacDonald and YACVic colleagues drew on the experiences… |
The Australian Independent Media Network
Tuesday, May 30, 2023 - 15:19
Source
Meta, to put it rather inelegantly, has a data non-compliance problem. That problem began in the original conception of Facebook, a social network conceived by that most anti-social of types, Mark Zuckerberg. (Who claims that these troubled sorts lack irony?) On May 22, the European Union deemed it appropriate to slap a $1.3 billion fine… The post Meta and Privacy: The Economy of Data Transgressions appeared first on The AIM Network. |
Your Democracy
Tuesday, May 30, 2023 - 15:09
Source
The dismantling of the US as a normal, functional nation-state continues. America’s gun neuralgia continues to worsen, and now we see new evidence that its fiscal neuralgia – a phobia for properly funded government – is deepening too. |
Renew Economy
Tuesday, May 30, 2023 - 14:40
Source
|
Renew Economy
Tuesday, May 30, 2023 - 14:38
Source
|
Renew Economy
Tuesday, May 30, 2023 - 14:05
Source
|
Renew Economy
Tuesday, May 30, 2023 - 14:01
Source
|
MacroBusiness
Tuesday, May 30, 2023 - 14:00
Source
Morgan Stanley with an argument that I agree with. Add China going ex-growth and US AI leadership and this argument carries weight well into the next cycle. Staying Long the USD We continue to recommend long USD positions against EUR and AUD. Our bullish USD view reflects our belief that markets appear to have priced The post Morgan Stanley: Greenback to crush Australian dollar appeared first on MacroBusiness. |
Renew Economy
Tuesday, May 30, 2023 - 13:32
Source
|
MacroBusiness
Tuesday, May 30, 2023 - 13:30
Source
Victorian Premier Daniel Andrews has defended the state’s debt blowout, arguing it needs to borrow money to pay for the infrastructure that will be needed as Melbourne prepares to become Australia’s largest city. According to Treasury projections, net debt will rise from $135.4 billion this year to $171.4 billion by 2027. That’s despite the latest The post Immigration ponzi crashes down on Dan Andrews appeared first on MacroBusiness. |