While so many modern christians are despicable bigots whose main aim in life seems to be to make life miserable for people who are not like them, perhaps one of the worst was a bloke called James Dobson who founded the ultraconservative Christian organisation Focus on the Family in 1977. He died a day or so ago at the age of 89. Born in 1936 in Shreveport, Louisiana, Dobson was initially a child psychologist who launched a radio show to counsel Christians on parenting1.
Asian share markets are trying hard to translate the Friday night gains on Wall Street due to the seemingly dovish pivot by the US Federal Reserve but not all risk markets are buying it with the USD clawing back some of its losses, particularly against Yen although the Australian dollar remains robust just under the
The post Macro Afternoon appeared first on MacroBusiness.
The Economic Reform Roundtable is ostensibly all about productivity. Treasurer Jim Chalmers has argued that cutting red tape and speeding up approvals is the key to unlocking growth. It’s the old trickle-down idea made new again by Ezra Klein’s book Abundance: make it easier to build, and prosperity will follow. It’s an appealing story. But […]
The Reserve Bank of New Zealand has cut the official cash rate (OCR) by 2.5%, with another 0.5% worth of rate cuts expected by the end of 2026. As shown below by Justin Fabo of Antipodean Macro, the fall in the OCR has reduced the cost of new mortgages, which should have increased housing demand
The post The endless decline of New Zealand house prices appeared first on MacroBusiness.
It is big. Very big. The Market Ear. But it can get bigger! Or not… A period of sorting and cleansing is underway For a time, the dominant narrative suggested that AGI was only two or three years away — that “magic AI” would emerge and rapidly take off into superintelligence. As discussed on the
The post Measuring the AI bubble appeared first on MacroBusiness.