Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Weekend Reading: 24-25 February 2018

February 24, 2018 - 00:01 -- Admin

Global Macro / Markets / Investing: Economists cannot avoid making value judgments – The Economist How Will Blockchain Change The Economy? – Forbes Inflation Is a Bigger Danger to Stocks Than Rising Rates – Bloomberg Amazon Is Taking Over the Stock Market, Too – WSJ Robinhood Opens Cryptocurrency Trading – Bloomberg Why “Free Trade” Agreements

The post Weekend Reading: 24-25 February 2018 appeared first on MacroBusiness.

Macro Afternoon

February 23, 2018 - 17:03 -- Admin

A mixed end to the week here in Asia with stock markets outside China rising even after a poor overnight lead from Wall Street. The USD continues to build strength although the Japanese CPI print for January came in slightly stronger than expected, moderating the fall in Yen and sending stocks higher. Here in Australia,

The post Macro Afternoon appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

No solid research or theory supports cutting company taxes to boost wages

February 23, 2018 - 14:30 -- Admin

Cross-posted from The Conversation: The argument that cutting the Australian company tax rate will lead to higher investment and wages, more employment and faster GDP growth does not have solid empirical or theoretical backing. A close look at the economic research in this area shows a lack of consensus. Different studies, looking at different samples

The post No solid research or theory supports cutting company taxes to boost wages appeared first on MacroBusiness.

Fed gets ready to run US economy “hot”

February 23, 2018 - 13:30 -- Admin

Cross-posted from Tim Duy: Fed speakers continue to reiterate that policy remains on a gradual path of tightening.So far, the inflation data and brightening economy has more emboldened their commitment to gradual rate hikes than a faster pace of hikes. What about fiscal policy? That train has left the station, but central bankers don’t seem too

The post Fed gets ready to run US economy “hot” appeared first on MacroBusiness.

Chaos grows as Abbott labels Morrison “inept”. Joyce to quit

February 23, 2018 - 12:39 -- Admin

Via The Australian: Tony Abbott has intensified his attack on Liberal colleagues critical of his stance on immigration, saying comments by Scott Morrison, Mathias Cormann and Steve Ciobo this week were “inept” and suggested the Turnbull government was “floundering”. …Mr Abbott suggested Mr Morrison, Mr Cormann and Mr Ciobo were “living in a Canberra bubble”

The post Chaos grows as Abbott labels Morrison “inept”. Joyce to quit appeared first on MacroBusiness.

AMP: Australian dollar to tank

February 23, 2018 - 12:38 -- Admin

From Bloomie: One of Australia’s biggest money managers is betting the Australian dollar will slide, just as hedge funds ratchet up bets on the currency appreciating. The Aussie will drop to 73 US cents before the end of the year, according to Ilan Dekell, head of macro for global fixed income at AMP Capital Investors.

The post AMP: Australian dollar to tank appeared first on MacroBusiness.

Lousy ASX profit season says it all about Australia

February 23, 2018 - 11:30 -- Admin

Via UBS: Good Results but Still Lagging the Global Earnings Boom So far just over 130 members of the ASX200 have reported earnings (of around 170 due to report) making reporting season around 80% complete. Reporting season has, as always, been mixed, but overall quite decent with FY18 and FY19 estimates basically holding, which is

The post Lousy ASX profit season says it all about Australia appeared first on MacroBusiness.

Dominoes pizza bubble bursts

February 23, 2018 - 10:52 -- Admin

Any so it goes. Dominoes was a bubble and now it is bursting: That is one ugly chart. Massive head and shoulders top. Busted neckline. And now free falling below previous support lines. DMP is still trading on 31x forward earnings. Trouble is, it’s going ex-growth: Domino’s Pizza, its hyper-growth mirage now running on fumes

The post Dominoes pizza bubble bursts appeared first on MacroBusiness.

Turnbull embraces Trumponomics

February 23, 2018 - 10:30 -- Admin

More political suicide today from Do-nothing Malcolm: Malcolm Turnbull has used a meeting with United States Treasury Secretary Steve Mnuchin to bolster his argument for his proposed company tax cuts by claiming up to 70 per cent of the benefit will flow to workers. Speaking to reporters following his meeting with Mr Mnuchin, Mr Turnbull said

The post Turnbull embraces Trumponomics appeared first on MacroBusiness.

Macro Morning

February 23, 2018 - 10:01 -- Admin

By Chris Becker Another very mixed night in stock markets on both sides of the Atlantic following an equally uncertain session here in Asia yesterday. The USD halted its advance against the majors, as did the rise in US Treasury yields, still reaching for that magical 3% mark. European markets absorbed the latest ECB minutes,

The post Macro Morning appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Pages