Blogotariat

Westpac with the note. Despite the dip back into year-end, the Leading Index growth continues to show a clear improvement. December is the second consecutive month that the Index growth rate has been around or slightly above the zero ‘gain line’. That follows fifteen consecutive months of negative, below trend reads, mostly in the –0.5–1%

The post Leading index still weak appeared first on MacroBusiness.

From the ABS just now. Median weekly earnings were $1,300.00 for all employees, $1,509.00 for males and $1,130.00 for females. Occupations with the highest hourly earnings were Managers ($67.20) and Professionals ($60.60). Individual arrangement was the most common method of setting pay (38.7%), followed by collective agreement (34.0%). Land of the do-nothing fat cat: We

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His type should never be seen again. Born from the dark well of swill and advertising, former Australian Prime Minister Scott Morrison was always the apotheosis of politics’ worst tendencies: shallow form, public service for private interest, and, ultimately, the scrap for survival at the expense of the grand vision. Get the vote, keep the…

The post May His Like Never Be Seen Again: Scott Morrison Departs appeared first on The AIM Network.

At least, Mag7 stocks only go up. The Market Ear has more. NASDAQ technicals Trend channel perfection continues. Let’s see how this plays out from here, but first big support is down at the break out levels around 17100. Resistance up around 18k, the upper part of the channel. Refinitiv NASDAQ and rates The gap

The post Stocks only go up appeared first on MacroBusiness.

By Maria Millers   Once again, it’s that time of the year when public discussion erupts on whether we should hold our day of national celebration on that vexed date: January 26th or move it to another date. Australians, above all, love a holiday and more so if it should fall on a Monday or a…

The post A Day for all Australians appeared first on The AIM Network.

Here are some charts for you to ponder. Sales are a disaster. Beware the early 2023 CNY boosting yot comps: Broad-based weakness but notably worse in glutted lower-tier cities: Prices falling: Glut glutting: However, probably the critical measure for commodity demand is completions, and those are still elevated as developers work through their inventory of

The post Chinese property in free fall appeared first on MacroBusiness.

Rio Tinto signs contract to buy all the output for what will be the biggest solar project on Australia's main g

Risk sentiment remained buoyed overnight but a little mixed in European markets with Wall Street pushing slightly higher as traders anticipate some large economic releases mid week. Chinese shares finally stopped their selloff yesterday so we may see a reshuffling of fortunes here in Asia on the open with local stocks looking like bouncing higher.

The post Macro Morning appeared first on MacroBusiness.

Once the Nazis came to power in Germany in 1933, they introduced legislation to restrict the rights of Jews. Discrimination against Jewish doctors, lawyers and businesses began at about the same time. 

Australia has just taken another step, as part of the AUKUS agreement with the US and the UK, that is leading us towards an event that should be unthinkable – involvement in a major war against China.

‘We’re being sold a false choice on war’    By Sue Wareham

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Oxford Economics has released its Residential Property Prospects report, which forecasts a growing gap between the number of dwellings being built and the number needed to house Australians. Oxford forecasts there will be a “stock deficiency’’ of 97,284 dwellings in 2024 – a number that will grow to 145,470 by 2026. Oxford Economics Australia senior

The post Australia confronts irreparable housing shortage appeared first on MacroBusiness.

Still reading and enjoying Tom Holland’s Pax. Reached this bit about the downside of having a vast global Empire. (Hint, your Empire is full of foreigners).

It’s like we never change, innit.