Ukraine’s Vladimir Zelensky claimed he had no idea about the atrocities committed by the Ukrainian Nazi collaborators during the World War II until confronted on the issue by Poland’s president, Andrzej Duda, the latter has told the Polish RMF24 broadcaster.
Chinese inflation is sinking again. The CPI is stalled while the PPI gallops backwards. CPI: +0.1% yoy (+1.9% mom annualised*) in June vs. GS: -0.1% yoy, Bloomberg consensus: -0.1% yoy; May: -0.1% yoy (+0.5% mom annualised*). Food: -0.3% yoy in June (+6.2% mom annualised*) vs. -0.4% yoy in May. Non-food: +0.1% yoy in June (+1.1%
The post Here comes the next Chinese yawnulus appeared first on MacroBusiness.
When Cotality starts talking about specific suburbs, you know the boom is not here yet. Almost 45% of all suburbs across Australia are now at a record high in value, according to Cotality’s latest Housing Chart Pack. The suburb-level analysis reveals the broad-based nature of the current housing upswing, with values across 44.8% of the 3,722 suburbs
The Market Ear on crushed volatility. The rocket fuel is running out. Kill volatility The race to reset VIX and MOVE has been strong, but don’t forget volatility is a mean reverting asset. Source: LSEG Workspace Natural floor Using options for directional plays is attractive again… irrespective if you are bullish or bearish. VIX at
The post Stocks only go down appeared first on MacroBusiness.
I wrote a blog post last weekend about how the NSW government has been sneaking in a change to how council vacancies are filled into a bill that is billed as primarily ending the privatisation of council election administration.
Since then I’ve had the chance to do a bit more analysis on the topic and I wanted to provide more data to inform the debate. This was too late to be included in my inquiry submission so hopefully it can be found useful by MPs anyway.
DXY is up and EUR down. AUD doesn’t care because Chyna! Lead boots are not so persuaded. Oil sense, gold trouble. Metals scream Chyna! Even big miners! EM meh. Yields edged up. Stocks stalled. Chyna! is going to yawnulate again! And consolidate! No it isn’t. But we can enjoy the rally while it lasts. Oddly,
The post Australian dollar rockets on China hope appeared first on MacroBusiness.
New record highs for Wall Street and Bitcoin as the latest US weekly initial jobless numbers weren’t as high as expected, giving USD another lift against most of the undollars. However, the Australian dollar rallied on more Chinese stimulus speculation while Lots of auctions in the US Treasury market saw 10 year yields dip lower
The post Macro Morning appeared first on MacroBusiness.
This is the way the world ends, not with a bang but a flooding: With apologies to T. S. Eliot
THE DEVIL OF MONEY
We see people of adventure
who hunt this curse
To lock it in their purse
each judges one’s misfortune
that to make awful times better
one would have to stop the blither.
All of you who criticise the spirit of this image,
have you never paid money any homage?
These warriors, these scholars, these learned doctors,
I’m mesmerised by a beautiful system
Full name is spelled De-mo-cra-cy
It demands trust in a ma-jo-ri-ty
A barking pack of dreadful MAGA men
When half of the people plus one are dumb
And the others are super-intelligent like me
Not a chance we have to really be
Anything but full of stark darkly glum
Trump plays to enter all conversations