Blogotariat

DXY stalled: AUD was smashed on the crosses: CNY keeps falling. This is a long-term adjustment for mine as China is ex-growth: Needless to say, this is bad for commodities: And miners: Plus EM stocks: I’m not sure what triggered junk: Treasury yields eased: AI inflated and everything else didn’t: It remains my view that

The post Australian dollar smashed again appeared first on MacroBusiness.

Consider this. As you are beginning to read this article, global debt is surging higher. In fact, global debt has never been higher than it is today. But in the few minutes that it will take you to finish reading this article, global debt will have surged even more.

Every second of every day, 24 hours a day, every day, global debt is climbing. The “big secret” is this: it can’t ever stop.

The COVID-19 pandemic is a global challenge. No single government or institution can address the threat of future pandemics alone.

Before Russia's full-scale invasion of Ukraine, Olha Bihar was a lawyer working for a firm in Kyiv while completing her PhD in tax law.

Fifteen months later, the 31-year-old is a commander of a mortar unit, an artillery officer and a veteran of the Battle of Bakhmut, with the call sign Witch. 

Yes, I’m totally watching the Barbie movie when it comes out. But I’m going to read this piece in Esquire again first. A deep dive into the terrible wrong that has been done to a good man who only ever wanted to be a good, anatomically correct boyfriend.

Poor Ken.

Global Macro / Markets / Investing: WHO urges governments to stop subsidizing tobacco farming and strengthen food security – Dev Discourse Traders turn optimistic on debt ceiling deal — and one strategist says it’s a ‘market opportunity’ – CNBC Nikkei hits 33-yr high in morning on U.S. debt ceiling deal, weak yen – Kyodo News

The post Links 31 May 2023 appeared first on MacroBusiness.

Eugene von Guérard, North-east view from the northern top of Mount Kosciusko, 1863     AUD/USD   EUR/USD   USD/JPY   GBP/USD   WTI   Brent   Gold   Australia 200   US S&P 500   UK 100   Japan 225          

The post Macro Afternoon: 30 May 2023 appeared first on MacroBusiness.

Meta, to put it rather inelegantly, has a data non-compliance problem. That problem began in the original conception of Facebook, a social network conceived by that most anti-social of types, Mark Zuckerberg. (Who claims that these troubled sorts lack irony?) On May 22, the European Union deemed it appropriate to slap a $1.3 billion fine…

The post Meta and Privacy: The Economy of Data Transgressions appeared first on The AIM Network.

Morgan Stanley with an argument that I agree with. Add China going ex-growth and US AI leadership and this argument carries weight well into the next cycle.  Staying Long the USD We continue to recommend long USD positions against EUR and AUD. Our bullish USD view reflects our belief that markets appear to have priced

The post Morgan Stanley: Greenback to crush Australian dollar appeared first on MacroBusiness.

Victorian Premier Daniel Andrews has defended the state’s debt blowout, arguing it needs to borrow money to pay for the infrastructure that will be needed as Melbourne prepares to become Australia’s largest city. According to Treasury projections, net debt will rise from $135.4 billion this year to $171.4 billion by 2027. That’s despite the latest

The post Immigration ponzi crashes down on Dan Andrews appeared first on MacroBusiness.

The Australian Bureau of Statistics (ABS) has released dwelling approvals data for April, which collapsed to their lowest level since 2012. Total dwelling approvals fell 8.1% in April to be down 24.1% year-on-year. Private sector house approvals fell 3.8% month-on-month to be 18.6% lower year-on-year. Units fell 16.5% month-on-month to be down 35.4% year-on-year. Daniel