There were only ever two reasons to read Crikey. Guy Rundle and Bernard Keane. Everything else is toilet paper. Now there is one reason: Crikey’s correspondent-at-large Guy Rundle has been sacked after he sent a text to ABC Radio saying sexual assault complaints have gone up because “every grope is now a sexual assault”. Guardian
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Once again, the Origin Energy-sponsored Grattan Institute is busy trying to divert every possible dollar into the East Coast gas export cartel. Its latest willing victim? The always ready for vested interests AFR: As a new Climate Change and Energy Minister, Chris Bowen was reluctant to embrace the notion that gas would still have a
In late May, Judo Bank chief economist Warren Hogan projected that the Reserve Bank of Australia (RBA) would raise the official cash rate three times by the end of this year. It was an overly hawkish projection that the bulk of Australia’s economists disagreed with. The Australian Bureau of Statistics (ABS) stronger-than-expected employment report from last
Goldman on Samta. “1 Trillion” – I am using these words too frequently these days… Stock certificates are a scarce commodity. Today is peak US corporate blackout window and this flow-of-funds dynamic start to improve materially next week. 1. US Corporates are the largest net buyer of US equities in 2024 and are ready to
The post Melt-up appeared first on MacroBusiness.
Gold is a very useful currency. It rallies when the reserve currency is being debased owing to low real interest rates and as a safe haven. However, it is highly volatile and can dramatically overshoot. That is where we are now. Michael Hartnett leads us off: Gold Price: gold at $2695/oz, an all-time high (Chart4),
The post And now for a gold bubble appeared first on MacroBusiness.
The Reserve Bank of Australia (RBA) has published a research paper examining the claim that high interest rates are partly to blame for the rental crisis. This claim has come about because interest rates and rents often move together, suggesting that leveraged housing investors are passing through increases in their interest costs to their tenants:
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.
SHFE was smashed Friday. SGX is hoping again: Likewise, Mad Dalian: Some of the short-term signals for steel have lifted. CISA early October output was up with margins but so was inventory: MySteel indexes are similar: The bigger picture remains down. NBS data was weak: Corroborated by cement: The steel rebound is partly driven by
The post Iron ore shorts wiped out appeared first on MacroBusiness.
Retired American generals Philip Breedlove and Ben Hodges have claimed that a tiny German force in Lithuania could defend the country against a large-scale Russian invasion, citing opaque “war games” conducted in Washington.
China’s Friday growth data was OK with Q3 GDP edging down to 4.6% yoy in Q3 from +4.7. For September, industrial production rose 5.4%, fixed asset investment 3.4% yoy in September and retail sales 3.2%, in part thanks to cash-for-clunkers stimmies. However, the headline data as usual disguised deep weakness. The GDP deflator roared back
I’m pleased to report that, in the final week of voting for the Victorian council elections, I’ve now finished my guide to the 33 most populous Victorian councils, as originally planned.
I had originally written guides for the 16 most populous but ran out of time to do any more. For the remaining 17 I’ve been able to do most of the work, but I had to skip the part of the process where I read through council minutes to be able to assess who is in power or in opposition on each council. I’d love comments from informed locals that can clarify that information.
By Bert Hetebry The preamble to the American Constitution opens with, “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.” But what is happiness? What would make you happy?…
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