The global trade war has escalated with US President Donald Trump threatening China with an added 50% tariff, which would take the total levy to 104%. On his social media account Blue Sky, President Trump announced retaliatory action if Beijing doesn’t drop its 34% tariff on US goods. “Don’t be Weak! Don’t be Stupid!”, President
DXY is back and EUR soft. AUD lol. Lead boots are OK. Gold margin call is a measure of market extremity. Oil to the rescue. Copper oh dear. Big mining megabear. EM not so bad. That’s the credit stress we’ve been looking for. But those are not the sovereign yields that the Bessent Plan needs.
Christopher Joye, the Chief Investment Officer at Coolabah Capital Investments, made an appearance on Mark Bouris’ podcast, sharing his insights on the significant consequences of Trump’s tariffs, the underlying issues facing China, and the potential for Australia to become entangled in a global trade war. Joye explained how Trump’s tariffs will result in Australia being
Well hasn’t this been a fun start to the trading week! A proper bath of blood here on Asian markets after the epic volatility from Friday on Wall Street as it looks like all the 2024 gains will be wiped out as the US at least will enter a bear market. All risk markets are
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Sydney is the ultimate city of housing “haves” and “have-nots,” of housing millionaires and paupers. Examine the following chart of median dwelling values across Australian capital cities, states, and territories. As of March 31, Sydney’s median dwelling price was an astonishing $1,437,000, driven by detached houses worth a stunning $1,437,000. Sydney’s home prices are significantly
Talk about claptrap. ABC. Peter Dutton has defended waiting till now to promise to bring Darwin Port back under Australian control, rather than acting when the Coalition was in government, because the national security advice has changed since he was defence minister. Both major parties have vowed to end Landbridge’s 99-year lease on the port,
The Fed was nasty on Friday. Jerome Powell. While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than expected. The same is likely to be true of the economic effects, which will include higher inflation and slower growth. The size and duration of these effects remain uncertain.
God save me from the ABC + Grattan Institute corruption nexus. I have written extensively about how the ABC quotes former gas executive Tony Wood without ever mentioning the Grattan Institute’s huge conflict of interest in its sponsorship from Origin Energy. This has turned the ABC into a near cypher of gas cartel propaganda. But
Watch credit for the bottom. It will tell you when we are getting to the kind of economic accident that the Trump administration seems to want. Morgan Stanley. This week’s tariff announcements were more hawkish than expectations and raise recession risks, unless met by negotiations in the very near term. We expect no cuts from
Of all the commodities, iron ore has so far held up the best post-tariffs. This appears to be a function of the long-established Pavlovian response that economic shocks equal more construction stimulus and iron ore demand in China. But is that the case this time? China has never successfully weathered a recessionary economic shock without