DXY faded last night: AUD held on: JPY is unwinding more carry: Oil is screwed: Another metals pimple bursts: Big miners are going to retest 2022 lows: EM has a nice head and shoulders top: But junk is still pretty happy: US yields are breaking down: Stocks look precariously double-topped: Last night’s key data was
The post Australian dollar prepares for the worst appeared first on MacroBusiness.
Australian home builders are in a world of pain, as evidenced by nearly 3,000 construction firms collapsing over the past year: This week, leading Victorian builder Grandeur Homes collapsed only weeks after claiming that “we are thriving”. On 21 August, news.com.au was told: “Grandeur Homes is solvent and is not in financial difficulty. The suggestion
Leading baby boomer commentator David Koch told Sydney radio presenter Ben Fordham that young Sydneysiders should adjust their lavish lifestyles if they want to enjoy the same housing benefits as their parents. David Koch: A younger generation wants to achieve a level of lifestyle like their parents. But then when they go out on their
Canada’s National Post is refusing to comment after one of its columnists revealed himself to be a collaborator with Western-aligned intelligence agencies. A Canadian activist is now threatening to sue the paper after the confessed spy smeared him in a front page article.
The US Department of Justice has charged two Russians it identifies as RT employees with money laundering and working as foreign agents for their alleged role in pushing video content that sowed “discord and division” in the US.
Tech mogul Elon Musk has vowed to seek the seizure of Brazilian government assets in the US if Brazil does not return property belonging to his companies X (formerly Twitter) and Space X.
The Q2 national accounts release from the Australian Bureau of Statistics (ABS) was another shocker. It revealed that Australia’s aggregate real GDP growth fell to only 1.0%, which was the lowest growth rate since the 1991 recession, outside of the pandemic: Worse, Australia’s real per capita GDP growth declined for a sixth consecutive quarter and
Proud Boys, Donald J. Trump, J.D. Vance Political sexual assault of Kamala Harris By Tess Lawrence Two-timing man-baby, the wannabe two time president Donald J. Trump and new bestie wannabe Veep, J.D. Vance are clearly shit-scared of Vice President Kamala Harris. That much is clear. To put it in language these red necks understand, she’s…
The post Making Kamerica Great Again! appeared first on The AIM Network.
Arguably the Albanese Government is routinely tied up trying to explain their way out of a dilemma of their own creation. A recent example is the brouhaha around the potential Census question regarding how Australians identify themselves sexually. When some equivocation was displayed by the government, Opposition Leader Peter Dutton donned the hob-nailed workboots and…
The post Define the problem appeared first on The AIM Network.
After the Country Liberal Party clinched victory over the Greens in the seat of Fannie Bay, the Greens have surprisingly won the neighbouring seat of Nightcliff over former Labor chief minister Natasha Fyles.
The NTEC has only now conducted a preferential count between Labor and the Greens, seemingly with all primary votes now added to the count. With all of those distributed, the Greens beat Labor by 42 votes.
A sea of red across Asian share markets as they respond to the overnight rout on Wall Street as growth concerns from China and the US through their respective manufacturing PMI surveys combined with bond market volatility is not helping risk markets overall. Commodities are taking the biggest hits but the Australian dollar remains surprisingly
The post Macro Afternoon appeared first on MacroBusiness.
Over the past year or so I’ve read for the first time a bunch of research into the economics of mental health, along with a little on the early history of psychotherapy.
Mental health is, undeniably, a big problem in modern societies. (It may have been just as bad in earlier societies too, but the data is much worse.) If we could fix it, people would be happier, more capable and generally use more of their potential.
What’s struck me most?
