Wall Street tried to rebound overnight in the absence of any catalysts or economic prints but the stronger USD weighed on all risk markets despite a new low for Euro as European stocks continued to fall. The Australian dollar continued its descent below the 67 cent level as well. US bond markets saw some further
The post Macro Morning appeared first on MacroBusiness.
President Joe Biden designated the United Arab Emirates (UAE) as a “Major Defense Partner” to the U.S. on Sept. 23, a decision announced following UAE President Sheikh Mohamed bin Zayed Al Nahyan’s (MbZ) trip to the White House — the first-ever visit for an Emirati president.
SEP 29, 2024
New polling shows supermarkets are Australians’ public enemy No. 1 in the cost-of-living crisis. The Australia Institute’s Carmichael Centre/Centre for Future Work surveyed 1014 voters about increasing costs. Some 83% said supermarkets deserve some blame, or a great deal of blame, for the soaring cost of living. That puts them ahead of energy companies (82%),…
One of the dumbest things we are asked to believe about Israel’s genocide in Gaza is that all these civilians are being butchered because the Palestinians are evil and not the Israelis. That it’s the victims doing evil things and not the perpetrators.
DXY is up and away: AUD is a free-falling stone: North Asia too: Gold has divorced from all fundamentals. Other commods not so much: Big miners are saying Chinese yawnulus: EM too: Junk party has stalled: Yields bid: Stocks edged up against the downdraft: DXY is overbought but can get more so: The reason? President
I noted earlier this week that Australia’s homeownership rate collapsed in the 40 years to 2021, as illustrated by the following chart from the 2023 Intergenerational Report: In 1981, around 55% of Australians aged 25 to 29 owned a home. Four decades later, the homeownership rate decline to a little over 35% for 25 to
Brace yourself: a tsunami approaches.
While we squabble over which side is winning this losing battle to lead the country, there is something being concocted in the dens of power, far beyond the public eye, and it doesn’t bode well for the future of this country.
Anytime you have an entire nation so mesmerized by the antics of the political ruling class that they are oblivious to all else, you’d better beware.
Concerns youth screen time and AI use far exceed guidance as experts propose rethink to school bans
It's no secret that Australians are grappling with the rapid rise of digital technology, whether it's excessive screen times at home, the inability to tell truth from fiction online, or the intractable impact of artificial intelligence (AI) on institutions and jobs.
Dozens of soon-to-be-retired Australian Abrams tanks will be sent to Ukraine under a $245 million military support package to bolster the war-torn country's fight against Russia's invasion.
The Housing Industry Association (HIA) claims that Australia desperately needs 83,ooo tradies to meet the Albanese government’s target of building 1.2 million homes over five years. “Australia does not currently have enough tradies to build the number of homes needed to house the population and take pressure off housing costs”, the HIA claims. “The residential
Yesterday we had more evidence that the RBA is reading the big pivot to a December rate cut when economics governor, Sarah Hunter, explained why its inflation expectations modelling is not worth the processing power wasted on it: The orange line is the model’s prediction for how inflation expectations would evolve during the recent high-inflation
The post The RBA should cut 50bps appeared first on MacroBusiness.
GERMNThe news that the border-free Schengen Zone is unravelling is scary news for the 420 million citizens living within the passport-free zone. What’s a hundred times scarier is the purposeful deconstruction of relations going on underneath. Most importantly, recent moves by Germany and proposals that remind us of past horrors will undoubtedly spell disaster.
Dementia Australia is disappointed by the initial decision of the Therapeutic Goods Administration (TGA) to reject Lecanemab for use in Australia. Lecanemab is a disease modifying treatment for people living with the early stages of Alzheimer’s disease or mild cognitive impairment. Developed by pharmaceutical company Eisai, Lecanemab works by removing amyloid plaques from the brain…
Asian stock markets are all in the red after the retracement on Wall Street overnight although Chinese are relatively flat as they continue to absorb the PBOC stance on stimulus. Currency markets are still under the thrall of King Dollar with the Australian dollar still getting dragged down despite some dovish talk from the Fed
The post Macro Afternoon appeared first on MacroBusiness.
Climate Council Media Release NEW REPORT: The World Energy Outlook 2024 from the International Energy Agency has found: We are moving at speed into the Age of Electricity, which is underpinned by clean energy sources like solar and wind. Global investment in clean energy is approaching $US2 trillion – almost double the combined amount spent…