Blogotariat

Via FTAlphaville: While fears over coronavirus continue to spread in China (and just now, in Taiwan), there’s news of another ailment watchers of the People’s Republic have been concerned about for the past decade: corporate debt. Via a press release from real estate developer China Evergrande: The Board is pleased to announce that on 21 January 2020, the Issuer, Hengda

The post Inside a Chinese developer’s dodgy balance sheet appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Bill Evans joins the deluge: Westpac now expects that the Reserve Bank will delay its next cut in the cash rate to April with the final cut to 0.25% occurring in August. Prior to the release of the surprisingly strong December Employment Report we had expected the cuts to be timed for February and June.

The post Bill Evans pushes back rate cut appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Transparency International has released its latest corruption index, which reveals that Australia is among 21 nations where perceived corruption has worsened “significantly” over the past eight years. From The Guardian: Australia scored 77 from a possible 100, the same mark as last year. It means Australia has again failed to reverse a longer-term decline of

The post Australian corruption worsened “significantly” since 2012 appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Yesterday, a bunch of banks pushed back their rate cut expectations following the supposedly “strong” jobs report. Let’s get a few things clear about that. The jobs report was not strong. It was weak. The only question is: was it weak enough. Although the headline unemployment rate eased a touch, full time jobs have disappeared

The post The next RBA meeting remains very live appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Via CBA: The latest Commonwealth Bank Flash Composite PMI® signalled a continued decline in business activity in January. In fact, the latest fall in output was the sharpest since the survey began in May 2016. New orders and employment increased, however, thanks to improvements in the service sector. The rate of input cost inflation softened

The post CBA Flash PMI sinks appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

By Chris Becker  The risk complex is getting increasingly concerned about the Chinese virus, but in reality anything could send the bubble popping, with stock markets in particular still extremely overextended. European bourses fell shortly after the rout here in Asia yesterday, while Wall Street held on and made only scratch sessions as safe haven

The post Macro Morning appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

In the week ended 23 January 2019, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, rose another 0.25%: The rise in values was broad-based: So far in January, dwelling values have risen by 0.64%, driven by Melbourne and Sydney: Quarterly dwelling values continue to rise strongly, driven by

The post CoreLogic weekly house price update: acceleration appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Global Macro / Markets / Investing: Diversify Into Hard Assets, but Not Bitcoin, Says Billionaire Investor – BeInCrypto How One Chart Shows That Even The Harshest Critics of Capitalism are Too Soft On It – Medium Amateur Investors Are Making Risky Bets That Could Wipe Them Out – Bloomberg Mark Cuban, who made billions from

The post Links 24 January 2020 appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Looking at our elected leaders, it’s hard to avoid the feeling that we, as Australians, deserve the cataclysms that have been visited upon us in the last few months. And reading the international press coverage of the disaster, this is a theme that constantly recurs.

Yet its less than a year since 49 per cent of us voted for a policy program far better than that of the government that scraped in or the shell-shocked opposition that proposes to wait until 2022 before doing anything.

Via Domain: National fashion chain Jeanswest will shut nearly 40 stores across the country, running the tally of retail store closures to over 200 in the new year. KPMG administrators Peter Gothard and James Stewart announced on Thursday the company’s restructure would result in 37 stores being closed and 263 staff made redundant, including 21

The post Jeanswest tears itself to pieces appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Downer flags drop in earnings, citing connection bottlenecks and commissioning delays from its portfolio of wind and solar projects.

In today’s webinar, hear from MB Fund’s Head of Investment Damien Klassen, Chief Strategist David Llewellyn Smith and Tim Fuller, as they cover “Will Coronavirus create a Market Hangover”. Topics include the pandemic spreading as the Chinese new year fast approaches, if the data can be trusted, Australian and macro implications if Chinese growth slows,

The post MB Fund Podcast: Coronavirus and sickening markets appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]