Blogotariat

Eulogies should rarely be taken at face value. Plaster saints take the place of complex individuals; faults transmute into golden virtues. But there was little in the way of fault regarding Lalzawmi “Zomi” Frankcom’s messianic purpose, whose tireless work for the charity, World Central Kitchen (WCK) in northern Gaza had not gone unnoticed. Sadly, the…

The post Killing Humanitarians: Israel’s War on Aid Workers in Gaza appeared first on The AIM Network.

Industry ‘rebate chasers’ are threatening the roll out of hot water heat pumps, but they could be stopped overnight.

By Denis Bright In Australia’s motorized society, most householders still turn their ignition keys as a reflexive response to their transport needs. Transport black spots are particularly evident in outer metro districts of Brisbane and adjacent regional areas. These localities attract householders in search of more affordable housing prices and lower rents. There would be…

Credit Agricole with the orthodox take on Australian inflation and the AUD. Aussie inflation is not stuck. It is coming down like elsewhere. Outside of rents. Public investment is topping out this year. The labour market is loose on every measure other than ABS data, which is lagging and inept given that it can’t capture

The post Major bank: Australian inflation worse than everywhere appeared first on MacroBusiness.

Peter Dutton thinks the Coalition is on a winner by promoting nuclear power but unbiased opinion polls find that support for nuclear power in Australia falls well short of renewables.

Goldman on the PBoC surveys. In late March, PBOC released its Q3 and Q4 surveys which were supposed to be available to the public at the end of September and December last year, respectively. We summarize our key takeawaysfrom these surveysbelow.PBOC bankers’ survey suggests loan demand rose in Q4 and bankers expect less accommodative monetary

The post Chinese still depressed about property appeared first on MacroBusiness.

West helping Ukraine attack deep inside Russia – CNNKiev’s foreign backers are coordinating the flight paths of kamikaze drones, a report says

Western countries are helping Ukraine to fly kamikaze drones deep inside Russian territory, CNN reported on Tuesday, citing a Ukrainian source close to Kiev’s drone program. 

CoreLogic reported a further acceleration in Australia’s rental growth in March, with the national rental index rising 2.8% in Q1, the fastest quarterly pace of rental growth since the three months ending May 2022 (2.9%). “The annual trend in rental growth has generally been moving higher since October last year, implying the reacceleration in rental

The post Australia’s rental crisis is a policy choice appeared first on MacroBusiness.

The process of counting primary votes for the Tasmanian state election concluded yesterday, and we started to see preferences distributed in three of five electorates.

Tasmania doesn’t data-enter ballot papers like for most PR counts in Australia. Instead, each round of preference distributions is conducted and then reported successively.

This will likely mean that some seats that are not yet clear will become clear as the preferences distributions proceed.

So I thought I would do blog post updates at the end of each day’s count.

DXY took a breather: AUD firmed: Brent and gold running together is not a good sign for everything else: Copper and Aluminium are warm: Miners kicked: EM wants to break out: Something hit junk: Yields up: Stocks down: The AI party has a problem. Oil is breaking higher: Oil stocks are the new AI: If

The post Autralian dollar hangs on as oil rages appeared first on MacroBusiness.

Despite strong economic data in both the US and Europe, expectations of delayed rate cuts caused risk markets to pullback from their recent floating on high with the USD falling for the first time in weeks. Wall Street dropped nearly 1% across the board, dragging European stocks down which should translate into a poor opening

The post Macro Morning appeared first on MacroBusiness.

Shanghai steel futures finally stopped falling yesterday which help[ed stablise SGX: Dalain was up last night: It all still looks like dead cats bouncing down a mountainside to me: Today, let’s look at the bubble in the iron ore miners. All three are trading far above where they should be relative to the underlying price

The post IronOre3 bigger bubble than Mag7 appeared first on MacroBusiness.