Blogotariat

Goldman with the outlook. AUD, NZD, & CAD: Caution signs. Cyclical G10 currencies, AUD, NZD, and CAD, have underperformed in August. After touching or nearly-reaching our 3-month targets, each has doubled back weaker versus the Dollar over the past month. Risk has been under pressure and could be weighing on the more cyclical parts of

The post Major bank: Australian dollar to crawl higher appeared first on MacroBusiness.

The state of Victoria has the highest unemployment rate in the nation. As illustrated below by Alex Joiner from IFM Investors, Victoria’s unemployment rate was 4.55% in July, 0.32% above the weighted average of the rest of the nation. The next chart from CBA plots trend unemployment rates across the states and shows that Victoria’s

The post Victoria: the unemployed state appeared first on MacroBusiness.

The Australian government has cancelled the use of the word “immigration” internally, including at supposedly “independent” entities such as the RBA and PC. Now the government is wasting taxpayer dollars trying to eliminate the word from media coverage. A nice juxtaposition comes from the US today, where democracy still exists, and the US government is

The post How grownups discuss immigration and the economy appeared first on MacroBusiness.

The Market Ear on the bubble. Hold your shorts GS US Equity Sentiment Indicator of investor positioning continues to be a mystery. Do not short until this one is positive 1 sigma again. Source: Goldman Only half a sigma The Deutsche Bank “consolidated equity positioning” indicator still has plenty of room to reach levels associated

The post This is not how a bubble bursts appeared first on MacroBusiness.

A key reason for the decline in Australia’s productivity and living standards is that the country has grown rapidly through mass immigration. World Bank data presented below shows that Australia’s population increased by 45% (circa 8.5 million) in the first 25 years of this century, the strongest growth in the advanced world. However, Australia has

Everybody celebrate! Yahoo. Shanghai, the commercial and financial hub of mainland China, has further relaxed its home purchase policy, following Beijing’s lead to rejuvenate the nation’s sluggish property market. Local residents could now own an unlimited number of flats outside the city’s outer ring road, an area where two-thirds of Shanghai’s housing is located, municipality authorities said

Risk markets are having second thoughts about the dovish mood at the Federal Reserve with the USD taking back nearly half of its losses from Friday night, especially against Euro but this is being led mainly by French political problems. It was more hawkish comments from other Fed members that is seeing Yen, Pound Sterling

The post Macro Morning appeared first on MacroBusiness.

A mammoth synchronous condenser is nearing completion in Victoria's west, as two massive 250 tonne halves hauled into place.

State of the Energy Market report looks back on a record-breaking 2024 for wind and solar and their impact on the grid – and a stunning decade of change.

Half-a-dozen community-scale energy storage systems have been launched on Phillip Island as part of a state government-backed program.

While so many modern christians are despicable bigots whose main aim in life seems to be to make life miserable for people who are not like them, perhaps one of the worst was a bloke called James Dobson who founded the ultraconservative Christian organisation Focus on the Family in 1977. He died a day or so ago at the age of 89. Born in 1936 in Shreveport, Louisiana, Dobson was initially a child psychologist who launched a radio show to counsel Christians on parenting1. He also wrote Dare to Discipline and The Strong-Willed Child and, among Christians, these books were deemed classics.

The Economic Reform Roundtable is ostensibly all about productivity. Treasurer Jim Chalmers has argued that cutting red tape and speeding up approvals is the key to unlocking growth. It’s the old trickle-down idea made new again by Ezra Klein’s book Abundance: make it easier to build, and prosperity will follow. It’s an appealing story. But […]

The post Fixing productivity needs more than deregulation — it needs tax reform first appeared on Prosper Australia.