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
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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…
Oxfam Australia Media Release On World Food Day, hunger has reached an all-time high exposing the flaws in global peace building and conflict recovery efforts. Between 7,000 to as many as 21,000 people are likely dying each day from hunger in countries impacted by conflict, according to a new Oxfam report published on World Food…
The Reserve Bank of New Zealand has cut the official cash rate by 0.75% over the past two monetary policy meetings. Despite the cuts, monetary policy remains highly restrictive, as illustrated below by Justin Fabo at Antipodean Macro: New Zealand’s economy is experiencing a deep per capita recession, with GDP declining by around 4% from
Two points: Stocks are overboughterer. They are not priced for Trump tariffs. The Market Ear has more. Rising wedge Did NASDAQ fool people into chasing tech yesterday as it looked to be breaking up? To us this looks like a rising wedge, where highs are losing momentum, failing to trade above the upper trend line.
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The Actuaries Institute reported in August that 1.6 million Australian households were experiencing financial stress as a result of escalating home insurance costs. This was a 360,000-household rise, or 30% more than the previous year. According to Sharanjit Paddam, the primary author of the Actuaries Institute report, insurance premiums were rising faster than earnings, with
There is no end in sight to the energy superidiot: The opposition has opened a second front in the fight over energy policy by pledging to include gas in the capacity investment scheme, the federal government’s flagship policy spurring investment in clean power generation and storage needed for the transition. On top of its pledge
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The worst PM of our lifetimes is cashing in: Anthony Albanese should be congratulated. As the son of a single mother, Albanese grew up in struggle street, reached the highest office in the land, and did well along the way in terms of accumulating asset wealth. Nothing was handed to him and, in isolation, it’s
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This month, we have received four critical pieces of data showing that Australian dwelling construction is sick, pointing to worsening shortages. First, only 166,200 dwellings were approved for construction in the year to August, 78,800 (31%) below Labor’s housing target, which requires 240,000 homes to be constructed for five consecutive years. Second, only 158,750 dwellings
The number of distinct electoral contests in Victorian councils has shot through the roof this year. There were 260 in 2016, 298 in 2020, and 465 this year, as the mandate imposing single-member wards across all large councils outside of the City of Melbourne has finished rolling out.