As usual, the pet shop is squawking while saying nothing. The two national business dailies could not be more distracted: This week’s national accounts for the June quarter confirm an economy that has split apart: consumers are being battered by inflation while governments are on a spending spree. The headline figure was a 0.2 per
The Australian Bureau of Statistics (ABS) released mortgage data for July, which showed that the total value of new housing loans rose 3.9% in July to $30.6 billion, led by a 5.4% jump in investor lending to $11.7 billion: The following chart focuses on investor lending, which has risen back to its January 2022 peak
I don't do NaNoWriMo because every month is novel-writing month for me. (I like to think of it as being akin to the vampires and monsters on Buffy having a night off for Halloween).
But I do vaguely follow NaNoWriMo from a distance, the same way an MMA fighter might stop to enjoy a punch-up between two drunks in the car park of Guzman e Gomez. And last week things got super punchy.
From The Verge:
The Market Ear on the seasonality of September. aNet leverage lower The MS PB Content notes that across US-based L/S funds, net leverage fell ~4% WoW to 46%. Nets are now hovering near the bottom decile relative to levels over the past 12 months. Given that most of this week’s net selling came via short
The post The bear grows angrier appeared first on MacroBusiness.
By Denis Hay Description: Ex-politicians routinely join the fossil fuel industry after leaving office. Explore how this undermines Australia’s democracy and environment. Introduction: Australia’s political landscape has long been tainted by corporate influence, with both Labor and the Liberal-National Party (LNP) contributing to a practice known as the “revolving door.” This refers to politicians, after…
Risk markets did not like the “soft but not too soft” US jobs print on Friday night with their initial reaction flipping into risk-off mode halfway through the session as Wall Street tanked and the USD soared back into strength. Treasury yields eventually only finished slightly down while currency markets absorbed volatility around the print
The post Macro Morning appeared first on MacroBusiness.
The CEO of consultancy EnergyQuest claims that the “only” solution to a looming gas supply crisis is to import LNG from offshore into the southern states. At Port Kembla, a little more than 100 kilometres south of Sydney, the energy company controlled by iron ore magnate and climate evangelist Andrew Forrest—Squadron Energy—is building a $1
Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.
Oxfam Australia Media Release Four young grassroots climate leaders from the Asia-Pacific region and the Kimberley will today meet with Australian political leaders in Canberra calling on them to urgently ban fracking, phase out fossil fuels and address the climate crisis affecting their communities. Hosted by Seed Indigenous Youth Climate Network and Oxfam Australia, the…
New industry forecasts released by Master Builders Australia show the country has moved further away from achieving the National Housing Accord target of 1.2 million new homes. Five months after the first forecasts covering the full five-year Accord period, Australia is projected to increase its housing shortfall from 112,000 to over 166,000 homes. From 1…
CoreLogic declared that “the end of the rental boom is in sight” after “rents flatlined in July and August”: The stabilisation follows a 39% rent rise between August 2020 and June 2024. CoreLogic also shows that the annual growth in rents is also slowing. Nationally, the annual pace of rental growth peaked at 9.7% over
“This pact exists throughout Brazil. It’s not privileged to Rio de Janeiro. Truth be said, it’s a very organic, structured relationship between Rio de Janeiro politicians, militia groups and the police.
How does it function?
Rearranging the deck chairs on the Titanic: Why has Zelensky purged the Ukrainian government?Over half of the country’s ministers have been dismissed. Why did Vladimir Zelensky decide to gut his team during an ongoing conflict?