Global Macro / Markets / Investing: U.S. coal production employment has fallen 42% since 2011 – Bic Magazine Morgan Stanley gears up for the new decade with job cuts – Euro Money The Rich Are Buying Physical Gold Bullion in Preparation for Recession – Gold Silver Bitcoin Americas: Why some economists are calling 401(k) plans
The post Weekend Reading: 14-15 December 2019 appeared first on MacroBusiness.
Everything is awesome as the Tories look set to wipe out any chance of the UK remaining both in the EU and in, well union as risk takers take the cue that the US/China trade deal is done as well, sending the USD down against almost everything but gold. Stock markets have responded to the
The post Macro Afternoon appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
The UK has embraced Brexit in its national election. It’s time Australia followed suit. We need it a lot more than the UK does. Why we need our own Brexit is as obvious as falling wages growth, skyrocketing house prices, smoke choked cities, the staggering water crisis engulfing the east coast, the disappearence of city
The post Give Australia Brexit! appeared first on MacroBusiness.
Via the IMF today: A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to
The post IMF warns on Australian property bubble appeared first on MacroBusiness.
The purpose of this Infographic is to debunk the common misconception that a switch to Electric Vehicles will hugely increase demand for electricity. This Infographic breaks down and depicts the data that it won’t, and in turn, Electric Vehicles will not save Coal as many suggest is might. The resulting effect is that Oil has
The post Infographic: Electric vehicles will not save coal appeared first on MacroBusiness.
Has the RBA been hacked or what? More sense from The Bulletin from Kellie Bellrose and David Norman: Abstract Australian banks access large and deep foreign funding markets to supplement their domestic funding. Looking at the major banks’ worldwide operations, such offshore funding accounts for about one-third of their assets. This funding is raised in
The post RBA: Banks need to derisk offshore borrowing appeared first on MacroBusiness.
As we already know, Sydney is a primary entry point for migrants: And Western Sydney is the prime dumping ground for these migrants: With Western Sydney also projected to receive the lion’s share future immigration-driven population growth – i.e. an additional 1.2 million people over the next 20 years, according to the Greater Sydney Commission:
The post Sydney’s wealthy elites are migrant NIMBYs appeared first on MacroBusiness.
The Real Estate Institute of Western Australia (REIWA) has released its rental data for the September quarter, which reveals that Perth’s rental market has tightened, with the vacancy rate falling to 2.5%: This is yet to translate meaningfully into rents, however, which remained flat over the past three quarters; although they have risen $10 for
The post Mirabile dictu: Perth rental market tightens! appeared first on MacroBusiness.
Phil Coorey today with dark musings on climate politics. First on The Greens and their election Adani cavalcade: Brown argues the mission was a success because the Greens’ vote rose nationally and the party secured the re-election of its Queensland senator Larissa Waters “with a more than 3 per cent increase in her vote”. But
The post Canberra backs mass immigration over species survival appeared first on MacroBusiness.
More details of the trade deal now at the WSJ: Michael Pillsbury, an adviser to the president, said he spoke with Mr. Trump, who said the deal calls for China to buy $50 billion worth of agricultural goods in 2020, along with energy and other goods. In exchange the U.S. would reduce the tariff rate
The post More details of Trump’s big non-deal trade fold appeared first on MacroBusiness.