You’ve just got to love China. Nothing that matters stays broken for long. January credit data is out, coming in strong at RMB 7060bn in January, vs. Bloomberg consensus: RMB 6500bn. Amusingly, the money supply data that has been telling the truth about how bad the Chinese economy is has been fixed! M1 to the
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Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.
Last week, ABC’s 7.30 report aired a special on Australia’s housing crisis, which was put together by Alan Kohler. The segment blamed Australia’s housing crisis on a lack of housing supply and tax concessions like negative gearing. The segment also featured renowned pro-mass immigration shills and YIMBYs, the Centre for Independent Studies’ Peter Tulip and
What could $27 billion fund if Commonwealth-state transfers were adjusted to bring revenue and expenses for each level of government closer to balance?
Today I’m announcing some work that was mostly finished at the end of last year but was put on hold until the new year, but is now finished.
I have now added a number of new datasets to my data repository covering elections held in the second half of 2024. These are:
All hail King Trump! While Australia is busy destroying itself via the evil East Coast gas cartel, King Trump is working on a plan to save us. The possibility of an end to the war in Ukraine is, of course, a positive development but all indications are that the outcome will reward Russia’s leader Vladimir
The post King Trump may save energy superidiot appeared first on MacroBusiness.
Over the past century and a half, politics and economics have evolved significantly in how we manage society. Yet, the core principle remains: every person born on this earth has a right to a share of its bounty.
The relationship between older, younger, and future Australians and our tax and spending priorities is based on an implicit generational bargain. Working age taxpayers support older and younger Australians and can expect the next generation to support them in the same way, and economic and social development will enable each successive generation to enjoy rising living standards. At the very least, we should not leave the next generation worse off.
While Wall Street nominally almost made a record close on Friday night it was a very weak finish that reflected a missed retail sales print that showed spending has slowed in the first month of the year. Other risk markets also pulled back and combined with a flurry of central bank meetings this week, trading
The post Macro Morning appeared first on MacroBusiness.
“Look back over the past, with its changing empires that rose and fell, and you can foresee the future, too.” Marcus Aurelius
If you have made even a cursory study of empires of the past, there are a number of signs of the flaws of those empires that are reasonably common, generally when they are in decline, but not always.
The Market Ear leads us off. Too much bearishness The AAII bull-bear spread has puked aggressively. Prior instances when the spread collapsed like this led to the SPX squeezing higher. Refinitiv The chase for Europe Largest inflow to Europe in over 2 years. Suckers getting sucked in… BofA They are not early After 8 straight
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