It is not at all clear to me that Xi Jinping dislikes deflation. It makes his economy more competitive, it delivers much easier growth targets via the negative GDP deflator, and it keeps the heat on deleveraging. These are all his stated policy goals. Either way, China’s CPI fell more sharply in September with CPI
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The Victorian council elections are now upon us – ballot papers are in the mail now, and will be counted on the day of the Queensland election, October 26.
I previously completed the first half of my council guide, covering the first 16 of 33 intended councils. But I had to scrap plans to do the rest when an ill-timed need for move house reduced my capacity for analysis.
While it’s quite late in the process I have now managed to write another seven guides, for:
By Gareth Aird, head of Australian economics at CBA. Key Points A firmer disinflationary pulse than the RBA anticipates is a necessary condition for the Board to ease policy this calendar year. The already released September quarter consumer prices data in a raft of surveys gives us greater confidence that the much desired disinflationary process
The United States, home of free enterprise and deep climate change scepticism, continues to school Australia on the energy transition. It is doing so with one simple trick that Australia’s east coast has missed: gas domestic reservation. US power is guzzling gas: While killing coal at astonishing speed: With rock bottom gas prices: And record
UNSW Sydney Media Release If there is an industry in Australia that needs confidence right now, it’s the residential construction sector. Yet, at a time of unprecedented need to build, construction companies are collapsing like houses of cards, leaving consumers with lost deposits and half-finished homes. For consumers, embarking on building or renovating a home…
The Albanese government has set a target to build 1.2 million homes over five years, requiring an unprecedented volume of high-rise apartment developments in our major cities. However, there were numerous defects and issues with construction quality during the high-rise boom of the previous decade. These issues were summarised in a 2019 Four Corners investigation
SHFE fell on Friday while SGX surged: Mad Dalian continued its jump: But the Saturday MOF briefing was a bust for bulks. Goldman assesses total steel demand impact of 1.4% for 2025. This roughly equates to 14mt of steel or 20mt of iron ore. And property will still withdraw more than that as the “completions
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It was another bust for Chinese stimulus on Saturday when the Ministry of Finance delivered more extend and pretend instead of stimulus or reform: Local governments will be allowed to use special bonds to buy unsold homes, Finance Minister Lan Fo’an announced at a briefing Saturday, without giving an amount. He hinted at room for
While the latest US PPI print on Friday night was mixed, and the Middle East looks like the proverbial powder keg, risk markets decided to hit a higher gear and buy everything with Wall Street making another record high, pulling along European equities as well. Stock futures indicate this should translate to a good start
The post Macro Morning appeared first on MacroBusiness.
I decided that my mental health could do with a break from doom-scrolling the US election so this morning rather than fall into my usual routine of checking all the overnight updates and hot takes I deliberately set my Substack cut out that noise. Instead of the usual round of news media sites, I read about twenty of pages of Tom Holland’s Pax - his history of Rome’s Golden Age.
