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Cheeseburger Gothic Wednesday, October 2, 2024 - 10:02 Source

Saw this on the Hell Site from my brother.

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MacroBusiness Wednesday, October 2, 2024 - 10:00 Source

Very, very early days but some data from Goldman. New homes sales volume on average was +126% wow, and down 1% yoy with tier-3 and Northern outperforming. Secondary transactions on average were +91% wow, and up 46% yoy with positive price appreciation expectations from both agents and homeowners. Inventory balance was flat wow and was

The post Green shoots in Chinese property? appeared first on MacroBusiness.

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xkcd.com Wednesday, October 2, 2024 - 10:00 Source

Add main-belt asteroids to taste.

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MacroBusiness Wednesday, October 2, 2024 - 09:30 Source

With China closed, iron ore is flopping around like a fish out of water in Singapore futures: One dynamic worth mentioning is the shift in Chinese futures. Steel (and iron ore shorts, including me) have been blasted to bits: It doesn’t tell us the squeeze is over, indeed, we need to go lower. But it

The post Iron ore blasts the shorts appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 2, 2024 - 09:00 Source

Last night saw a maelstrom of geopolitical events – read: war – hit risk markets from all sides with USD bid strongly on the safe haven while stocks pulled back and commodities lifted, particularly oil.  Wall Street suffered the most as tech stocks sold off while the new quarter did impact bond markets somewhat with

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 2, 2024 - 08:00 Source

DXY is back as the safe haven as bombs fall in the Levant: An overbought AUD retraced: Oil and gold to the moon! Dragging up metals: Miners have held the gains: EM faded: Junk pulled back: Haven bonds were bid despite oil telling you inflation is cooked: Stocks fell: Much ado about nothing is the

The post Australian dollar bombed by Iran appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 2, 2024 - 07:00 Source

The Albanese government’s target of building 1.2 million homes over five years depends on constructing large volumes of high-rise apartments in established suburbs. On Tuesday, the Australian Bureau of Statistics (ABS) released dwelling approvals data for August, which showed that apartment approvals have collapsed, scuttling the government’s target. In trend terms, only 14,300 dwelling approvals

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Your Democracy Wednesday, October 2, 2024 - 06:27 Source

NATO’s newly appointed Secretary General, former Dutch Prime Minister Mark Rutte has backed the idea of allowing Ukraine to use Western-supplied weapons to strike deep into Russian territory.

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Your Democracy Wednesday, October 2, 2024 - 05:42 Source

The global standing of the US has been called into question by the Ukraine conflict, the country’s Assistant Secretary of Defense for International Security Affairs Celeste Wallander admitted on Tuesday. The senior official tried to allay concerns regarding the future of Washington’s security cooperation with its Western European allies when it comes to dealing with Russia.

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MacroBusiness Wednesday, October 2, 2024 - 00:05 Source

This week, reports emerged claiming that the Coalition is considering stripping the Australian Prudential Regulatory Authority (APRA) of some of its powers to regulate mortgage borrowing and overhauling credit laws to make it easier for first home buyers to borrow for housing. The move comes as the Coalition’s Andrew Bragg is chairing a Senate inquiry into

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The Australian Independent Media Network Tuesday, October 1, 2024 - 22:30 Source

A trailblazing Indigenous genomics expert, a carbon emissions modeller, a naval defence engineer, a world farming authority, a shark tracker, a brain cancer therapist and a global artificial intelligence leader are among 32 innovators elected as Fellows of the Australian Academy of Technological Sciences and Engineering (ATSE). ATSE’s 2024 new Fellows showcase the breadth and…

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The Australian Independent Media Network Tuesday, October 1, 2024 - 22:27 Source

“Pregnant women will give birth to terrorists; the children when they grow up will be terrorists.” (Phalangist involved in the Sabra and Shantila massacre, when questioned by an Israeli tank crew, West Beirut. 17 September 1982. Robert Fisk; Pity the Nation, p359). “We know, it’s not to our liking, and don’t interfere.” (Message from and…

The post Who are the terrorists? appeared first on The AIM Network.

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The Australian Independent Media Network Tuesday, October 1, 2024 - 17:30 Source

Oxfam Australia Media Release Israeli explosive weapons hit civilian infrastructure in Gaza – including schools, hospitals and aid distribution points – once every three hours. More women and children have been killed in Gaza by the Israeli military over the past year than the equivalent period of any other conflict over the past two decades,…

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