Blogotariat

Nothing falls in a straight line. Goldman’s FCI is now hitting new highs: But US still too loose: Europe tighter: But global activity lifting on lower oil and Chian reponeing: MOAR Fed ahead.  

The post Financial conditions tighten but growth bounces appeared first on MacroBusiness.

PropTrack’s Director of Economic Research, Cameron Kusher, has penned a detailed article blaming Australia’s rental crisis on a suite of regulatory decisions over recent years that have dis-incentivised property investors from providing rental housing, and thereby driven a chronic rental shortage: If we go back to 2014… the value of lending to investors was at

From an anonymous QLD business that is seeking to renew an electricity contract that is currently worth $2500/month. We currently pay 6.4969c/kWh peak and 5.5563c/kWh non peak. Proposed contract pricing: 3 year contract (3 times increase to $7,500/mth) 19.8687c and 17.0844c 2 year contract (3.7 times increase to $9,250/mth) 23.6816c and 20.4957 1 year contract

The post Power bill megashock begins appeared first on MacroBusiness.

The DXY blowoff has flamed out: AUD firmed: Commodites all bounced: But not EM stocks: Or junk: The curve flattened: And stocks sank: The DXY feels tactical to me. Following this week’s UK-inspired rout, markets are toying with the idea that the Fed is nearing the end. Futures are reducing the odds of a 75bps

The post Australian dollar firms as stockmarkets crash appeared first on MacroBusiness.

A week after Credit Suisse crowned Australian households the world’s wealthiest on the back of our expensive housing, the Australian Bureau of Statistics (ABS) yesterday released household finance & wealth data for the June quarter. The ABS revealed that total household wealth declined by $484,100 over the quarter, driven by a $280 million decline in

The post Aussie household wealth incinerated as markets tank appeared first on MacroBusiness.

Recession concerns in the US weighed on risk markets again overnight, with Wall Street selling off sharply, as Trusseconomics is exposed in the UK as another Tory sham. More shams with Russia annexing parts of Ukraine plus more gas disruptions are shaking up currency and bond markets with Euro lifting to a weekly high, but

The post Macro Morning appeared first on MacroBusiness.

The MSM is full of celebration today for the triumph of Mad King, basically just reproduced from her press release: Australians will be paying historically high gas bills for years despite the government striking a deal with major LNG producers to prevent domestic supply shortfalls, with experts warning the early closure of coal-fired power plants

The post Does Mad King even know what she’s done? appeared first on MacroBusiness.

Former Prime Minister Scott Morrison has joined the advisory board of the International Democrat Union. It is an organisation that is much more radical than its self-declared defence of the “centre right” spin suggests.

The alliance that marked the transition to the hard right is the IDU’s embrace of Viktor Orban, the Hungarian leader now standing for “illiberal democracy” around the west.

Global Macro / Markets / Investing: Stephen Hawking Once Said We Should Really Be Scared Of Capitalism, Not Robots – Huff Post Cities push to convert deserted office buildings into housing – Axios New Report Reveals How 13 US States ‘Shield the Fortunes of the World’s Richest People’ – Common Dreams 85% of the world’s

The post Links 30 September 2022 appeared first on MacroBusiness.

Asian stock markets have bounced back in similar fashion to European and US stocks although Chinese shares remain hesitant to take on more risk. The fallout from the BOE stepping in to save UK gilts is still being felt, while the USD has regained most of its lost ground against the major currencies, as Euro

The post Macro Afternoon appeared first on MacroBusiness.