IN ANOTHER LIFETIME, I WOULD BE ASHAMED OF HAVING DONE THE CRAPPY CARTOON MISCHIEF ABOVE. YET, THE POST-ELECTION COMMENTS FROM THE DEMOCRATS AND THEIR SUPPORTERS HAVE CONFIRMED WHAT THE SWINGING AMERICAN AVERAGE VOTER SAW: THE DEMOCRATS ARE FASCISTS, POSSIBLY MORE THAN DONALD (TRUMP) AND THE DEMOCRATS' HYPOCRISY IS TAKING THEM INTO UNFRIENDLY TOTALITARIAN TERRITORY AND THEY SUCK MORE AT ECONOMIC MATTERS....
When central banks tighten interest rates, there is always the risk that they may keep them too high for too long, throwing the economy into recession. Furthermore, it is only after looking in the rear-view mirror that they realise they have gone too far. The Reserve Bank of New Zealand is likely experiencing such regret
The post Reserve Bank tightened too hard, too long appeared first on MacroBusiness.
Deutsche sums up my view of the US election: “Global risk assets are taking their cue from US equities and generally doing well; in turn high-beta FX such as the commodity currencies are outperforming. We would be very cautious in extrapolating this price action and historical correlations going forward. The US election outcome in our
Australian Treasury Secretary Steven Kennedy admitted to a Senate inquiry this week that the Albanese government would easily exceed the May federal budget’s net overseas migration (NOM) projections. “Lower-than-expected migrant departures mean that net overseas migration is likely to be higher in 2023-24 and 2024-25 than forecast at budget”, he said. “Rather than depart, many
Scott Rubner at Goldman Sachs. Mechanical rebalance flows to create institutional “FOMO” feedback loop into the best seasonals of the year.ESA Index (S&P +236bps), NQA Index (NDX +186bps), RTYA Index (RTY+604bps), VIX-4.8 pts. These are the 5 biggest flows that I am tracking this morning (Unwinds of election hedges, Re-levering, Buybacks, FOMO, Vanna). The year-end
The Market Ear on the gold puke. All good things… ….must come to an end. Gold is puking, putting in the biggest down candle in forever as it breaks below the short term trend channel. The 50 day comes in around $2635, and the bigger trend line around $2600. Refinitiv Can’t handle the dollar Gold
The post The gold crash appeared first on MacroBusiness.
It takes some skill to make Donald J. Trump look good. Two Democrats have succeeded in doing so: Hillary Clinton in 2016 and Kamala Harris in 2024. The conceit of both presidential campaigns, and the belief that attacking a staggeringly grotesque moral character for being such, was laughable. (When a Clinton mocks groping philanderers and…
The post The Price of Eggs: Why Harris lost to Trump appeared first on The AIM Network.
After the US election, what should you be doing? Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, discusses this topic. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund, which is powered by Nucleus
The post MB Fund Podcast: What Now? appeared first on MacroBusiness.
With 60-100% Trump tariffs incoming, China is completely stuffed. Then again, it was already completely stuffed so does it matter? The answer hangs on the response. China does not have much leverage over US trade: I doubt it will do countervailing tariffs. More likely, it will devalue CNY and target specific American trade for bans
The post How stuffed is China? appeared first on MacroBusiness.