Blogotariat

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

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.

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.

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.

The COVID-19 pandemic is a global challenge. No single government or institution can address the threat of future pandemics alone.

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. 

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.

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.

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.

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.

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.