Renew Economy
Friday, September 29, 2023 - 11:12
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MacroBusiness
Friday, September 29, 2023 - 11:00
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The Market Ear on stretched markets. Too many bears The spread between AAII bulls-bears has collapsed lately. Similar “moves” in sentiment has resulted in brutal SPX bounces. Refinitiv Keep it simple NASDAQ bouncing on big support levels… Refinitiv Less “freaky” VIX The VIX inverted vs SPX gap is shrinking rapidly. Regular readers of TME are The post Too many bears again appeared first on MacroBusiness. |
MacroBusiness
Friday, September 29, 2023 - 10:30
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Last week, I had a terrific two-hour discussion on immigration policy with Martin North from Digital Finance Analytics (full video interview here). One of the topics discussed was why the Australian Treasury is such a rabid supporter of mass immigration when it is clear as day that it is detrimental to Australian living standards and The post Why the Australian Treasury loves mass immigration appeared first on MacroBusiness. |
Renew Economy
Friday, September 29, 2023 - 10:16
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Renew Economy
Friday, September 29, 2023 - 10:12
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The Tally Room
Friday, September 29, 2023 - 10:00
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Over the next two weeks I’ll be writing a few blog posts based on the referendum results data in my data repository – looking at the history of referendums throughout the 20th century. The Voice referendum will be the first constitutional referendum held since 1999 – that’s 24 years without a referendum. Throughout the 20th century, referendums were held at least once every decade. The longest gap was between the 1951 referendum on banning the Communist Party and the 1967 referendums. The 2000s and 2010s were the first decades since Federation with no attempt to change the Constitution. |
MacroBusiness
Friday, September 29, 2023 - 10:00
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The Australian Bureau of Statistics (ABS) on Wednesday released monthly CPI inflation data, which showed that overall rents across the combined capital cities rose 7.8% year-on-year in August: It was the strongest annual rate of rental growth since June 2008 when net overseas migration was also hitting an all-time high: The surge in rents has The post Australian rents smash into affordability ceiling appeared first on MacroBusiness. |
xkcd.com
Friday, September 29, 2023 - 10:00
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Renew Economy
Friday, September 29, 2023 - 09:55
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MacroBusiness
Friday, September 29, 2023 - 09:30
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The latest charts are from BofA which seems unable to read its own chart. Property sales are down year on year, up for second hand: The land auction premiums says it all about L-shaped recovery: Instracuture bonds are down sharply year on year as well: Cement tells the tale: Actually, s does steel, but less The post Chinese property is not recovering appeared first on MacroBusiness. |
MacroBusiness
Friday, September 29, 2023 - 09:00
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DXY reversed hard: AUD too: It isn;t obvious that CNY is a semi-floating currency: Brent rolled: Dirt soared: EM stock not so much: But miners popped: Junk firmed: Yields eased slightly: Stocks bounced but did not recapture support: US GDP revisions offered the market reprieve as the consumer was marked down. Goldman has more. Real The post Australian dollar false break appeared first on MacroBusiness. |
Renew Economy
Friday, September 29, 2023 - 07:25
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Your Democracy
Friday, September 29, 2023 - 07:25
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This year, there seemed to be reason for optimism among advocates of war powers reform. When the Senate voted in March to repeal the 2002 authorization for war with Iraq, many assumed the House would quickly pass the measure, which had garnered broad bipartisan support in previous years. |
Your Democracy
Friday, September 29, 2023 - 06:00
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In 1996 I was fortunate enough to be involved in the Centenary of the 1895 Bathurst Peoples Constitutional Convention. |
Your Democracy
Friday, September 29, 2023 - 05:34
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‘CIA cutouts’, big money grants and biolabs: The depth of US interference in Armenia explained Washington has sunk tens of millions of dollars into the Caucasian nation, which is a treaty ally of Russia |
Your Democracy
Friday, September 29, 2023 - 05:05
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During a recent appearance on Face the Nation to plug his new Zelensky movie, actor Sean Penn decried the “cowardice” of the U.S. government in its caution around provoking a nuclear exchange with its proxy warfare in Ukraine. |
MacroBusiness
Friday, September 29, 2023 - 00:10
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With Premier Dan Andrews deciding to call it quits, I thought it was a good excuse to examine Melbourne house prices to see how they are tracking. According to CoreLogic’s daily dwelling values index, Melbourne is the nation’s biggest house price loser, falling the most since the RBA began lifting interest rates in May 2022, The post Melbourne is the biggest house price loser appeared first on MacroBusiness. |
MacroBusiness
Thursday, September 28, 2023 - 22:01
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Local Reads: Greens want superannuation theft made a crime in Labor’s workplace bill – The Guardian Australian students shun education degrees as fears grow over ‘unprecedented’ teacher shortage – The Guardian Waiting for a crisis: Fears as NSW enters festival season without drug reform – The SMH Coalmine approvals in Australia this year could add The post Watercooler reads and videos: 25 to 29 September appeared first on MacroBusiness. |
Renew Economy
Thursday, September 28, 2023 - 20:43
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Renew Economy
Thursday, September 28, 2023 - 18:47
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Cheeseburger Gothic
Thursday, September 28, 2023 - 18:23
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MacroBusiness
Thursday, September 28, 2023 - 16:58
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Arthur Streeton, The Valley from Kennon’s, 1925, NGV AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P500 UK 100 Japan 225 Easy Listening Linda Ronstadt & Johnny Cash, I never will marry Merle Haggard, Sing me back home Waylon Jennings, Turn the Page Johnny Cash, Ring of Fire Bonnie Raitt, The post Macro Afternoon: 28 September 2023 appeared first on MacroBusiness. |
Renew Economy
Thursday, September 28, 2023 - 15:15
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Renew Economy
Thursday, September 28, 2023 - 14:38
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Renew Economy
Thursday, September 28, 2023 - 14:35
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Renew Economy
Thursday, September 28, 2023 - 14:19
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MacroBusiness
Thursday, September 28, 2023 - 14:00
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New Zealand, like Australia and Canada, is currently experiencing unprecedented levels of net overseas migration: The record growth in the labour supply via immigration is beginning to have detrimental impacts on New Zealand’s labour market. The latest data from SEEK shows that the number of applicants per job has soared in New Zealand and has The post Record immigration runs roughshod over jobs market appeared first on MacroBusiness. |
Renew Economy
Thursday, September 28, 2023 - 13:52
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Renew Economy
Thursday, September 28, 2023 - 13:42
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MacroBusiness
Thursday, September 28, 2023 - 13:30
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News pushed oil to new highs. West Texas Intermediate settled above $93 a barrel after inventories at Cushing, Oklahoma, dropped just below 22 million barrels, close to operational minimums. The premium for near-term barrels of US benchmark West Texas Intermediate is trading at more than $2, the highest since July 2022, as the futures market reflects the The post Oil wreckage mounts appeared first on MacroBusiness. |