China fanboi, Ray Dalio, is abandoning the joint: The notion that these “real issues” have emerged in the last four years is silly. They’ve been coming for well over a decade while Dalio upsold the place. Is it time to buy as Dalio capitulates? With nominal growth buggered, driving deflation and weak profits, the answer
The post Dalio abandons China. Time to buy? appeared first on MacroBusiness.
The weirdo hanging around a Mar-a-Lago with an AK-47 appears to have done Donald Trump no good in polling. Kamala Harris has extended her lead in recent days: Across the polling aggregates: Betting markets are shifting too: And Pennsylvania, the most likely swing state: It’s still close but feel the joy!
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The bank bubble is now so large that it has become a standing joke among brokers: Relative to international peers is hilarious: CBA is now part of the Mag 8, valued between Google and Microsoft. The only difference is they have tearaway earnings growth versus the CBA’s donut: What will bring this comedy festival to
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Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, checks in on the biggest stock market trends: AI and weight loss drugs. Are they overheated? What are the latest developments and should you still be invested in these companies? Can’t make it to the live series? Catch up on the content
Architect Philip Thalis posted the below Tweet showing the appalling downgrading of new housing developments from their planning application and artists impression: Thalis shows a development in Sydney’s North-West, which promised the following urban utopia: Only to deliver the following dystopian trash: Thalis’ critique comes at the same time as the NSW Productivity and Equality
The Australian Bureau of Statistics (ABS) released the labour force survey for August, which recorded strong job growth of 47,500 but an unchanged unemployment rate of 4.2%: However, the underemployment rate rose by 0.1% to 6.5%, and the number of hours worked posted a modest rise of 0.4%. The participation rate was also unchanged at
Statistics New Zealand has released the Q2 national accounts, which revealed that New Zealand’s real GDP declined by 0.2% over the quarter, with per capita GDP declining by 0.5%. This represented the seventh consecutive quarterly decline in per capita GDP, which fell by 2.5% year-on-year. Gross national income has also fallen sharply in per capita
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As we know, the Victorian government’s negligence has left residents facing debt enslavement. A decade of excessive bureaucratic spending, tens of billions of dollars in infrastructure cost overruns, and pandemic lockdown expenses have left Victoria with the nation’s largest state government debt and the lowest credit rating. Former Treasury economist Stephen Anthony summed up Victoria’s
The Market Ear with the latest for equity positioning. The 10 year Bouncing off trend channel lows… Refinitiv Easy tiger DXY putting in a massive hammer candle right on range lows. These are big levels. Don’t forget, the dollar is hated these days (chart 2). Refinitiv JPM Another massive shooting star SPX is putting in
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Two ludicrous lies are destroying the Australian political economy. The first lie is about immigration and housing. Nobody in the parliament is serious about fixing the housing crisis because nobody will challenge the immigration sacred cow. The Coalition has the right idea with decent immigration cuts to reduce demand. But any benefit from that is
Chinese steel markets reopened with a swoon. SGX is at the lows: Mad Dalian was smashed at the open: As was coking coal: The market is picking up pennies in front of the steamroller. The high frequency steel and construction data out of China is disastrous. Goldman: Domestic iron ore output (NBS) was 623mnt in
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Using super for a housing deposit would make homes more expensive, hinder the home ownership aspirations of young Australians, reduce retirement incomes, and lead to a significant long-term cost to the Budget, a Corinna Economic Advisory report authored by Saul Eslake has found. In an independent report, commissioned by the Super Members Council, Mr Eslake…
Overnight the Fed surprised some with a bigger than expected 50bps cut and indicated another one is potentially on the way before the end of the year. Wall Street fell back slightly while currency markets seemed to have already absorbed the news prior to the release, albeit with some intrasession volatility. The USD was basically
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Bravo WA, the only state worthy of the name as smashes the gas cartel with tougher domestic reservation: The move will be announced on Thursday in the updated Domestic Gas Policy, which states new or expanding projects will be required to reserve 80 per cent of gas produced for the domestic market, which jumps to
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