Blogotariat

Barclays with the report. More downgrades to come. GDP growth forecasts reduced to 2.6% for 2022 and 4.5% for 2023 China’s growth momentum has weakened since July, when we lowered our full-year forecast to 3.1% to reflect the weak Q2 GDP print. Specifically, we note three major developments have ledus to further downgrade to our

The post Chinese property crash gets worse appeared first on MacroBusiness.

Peter Zeihan with the latest summary.

The post Ukraine strikes back appeared first on MacroBusiness.

Make no mistake, the Australian energy crisis is not over. The gas price has broken out of its August price range of $15-20Gj as the idled sixth train on Curtis Island has resumed operations. As night follows day, electricity prices are tracking higher: Today’s prices are still enough to add 3.5% to the CPI over

The post Evil gas cartel tightens grip on Albo’s throat appeared first on MacroBusiness.

Brisbane house prices are falling at a record pace, according to CoreLogic’s daily dwelling values index. The quarterly rate of value decline accelerated to 3.6% as of 11 September, which is the fastest rate of decline since September 2008: Brisbane’s peak-to-trough decline has also hit 3.6%, with prices in freefall: The next chart plots the

The post Brisbane house prices collapse at record pace appeared first on MacroBusiness.

Global Macro / Markets / Investing: African nations demand climate change financing ahead of COP27 – Aljazeera Yellen Says No Strong Labor Market in Long Run If Inflation High – Bloomberg Economist Michael Hudson on debt relief, inflation, Ukraine disaster capitalism, petrodollar crisis – Multi Polarista US Inflation Will Guide Fed Readying Next Hike: Eco

The post Links 13 September 2022 appeared first on MacroBusiness.

By 2353NM   The problem with the proposed tax cuts, the Jobs Summit, the emissions reduction target or any other policy that Prime Minister Albanese took to the election is that it was a promise that was made in the run up to the election. Certainly, the world has changed since 2019 and if really expensive…

The post Promises, promises appeared first on The AIM Network.

Independent economist Tony Alexander’s monthly Spending Plans Survey is out, which shows that New Zealand households are still planning to cut back on spending amid soaring interest rates and inflation. A net 11% of the 1,672 survey respondents plan to cut consumption spending over the next 3 to 6 months. While this was an improvement

The post Reserve Bank veers New Zealand toward recession appeared first on MacroBusiness.

Coolabah Capital’s Chris Joye and economist Stephen Koukoulas (‘the Kouk’) have given two opposite perspectives on Australia’s housing correction. The Kouk claims that Australia’s house price correction is nothing special and maintains his forecast of a 7% peak-to-trough decline nationally: Recent data on house sales show auction clearance rates have stopped deteriorating… Also supporting the

The Market Ear continues its chronicling of the village idiot market that is equities. Reflexivity works until it doesn’t. Note that Morgan Stanley has no idea about China so disregard that stuff!  Remember money on the sidelines? New recent highs… GS The “asymmetry” chart stressing bears Guess our most recent bounce logic has some more

The post Stocks bounce because nobody wants them appeared first on MacroBusiness.