An uneasy start to the trading week as markets react to further bullying on trade from the Trump regime, with distracting letters sent to the EU and Mexico over the weekend. The USD was up slightly on the weekend gap before losing those gains later in the session as the EU indicated it will just
The post Macro Afternoon appeared first on MacroBusiness.
The financial year-end, 30 June, was volatile. After all was said and done, our international fund finished up over 18%, and our Australian fund finished up over 15%. Our tactical growth finished up over 12%. All of our funds look attractive relative to their benchmarks, especially as they were all significantly less volatile than the
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Bloomberg is out this week talking about the “once-in-a-generation trade” in the copper market: The Aug. 1 deadline for Trump’s 50% copper tariffs signals the endgame for the most profitable trade that industry veterans say they have ever seen… And the traders were only getting started. Trump’s probe fired the starting gun on a massive movement
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One could write an entire book on all the various drivers of Australian economic ruin. Today we will be taking the usual data-driven approach to examine the big three, in my view. Housing Is The Economy Back at the dawn of the 1990s, business lending was getting on for two-thirds of all outstanding bank lending
The post Why Australia’s economy is so broken appeared first on MacroBusiness.
Huge 4 gigawatt hour battery – Australia’s biggest – seeks approval to soak up solar north of Sydney
Yawn. The Australian. Anthony Albanese and the nation’s biggest miners have made a joint effort to defend the nation’s $100bn iron ore trade with China, with billionaire Andrew Forrest warning that Australia faces an urgent race to fast-track a green metals industry or risk losing market share. The Prime Minister will put Australia’s iron ore trade
As usual, everybody is asking the wrong question. AFR. The Trump administration’s undersecretary for policy, Elbridge Colby, is already leading a review into the AUKUS agreement between Australia, the US and the United Kingdom, and increasingly pushing for firmer commitments about how nuclear submarines would be used. Citing five sources, the Financial Times reported that Colby had asked Australia and