Blogotariat

According to insolvency data from the Australian Securities and Investments Commission (ASIC), over 1,900 hospitality businesses failed last financial year as food and energy expenses rose and discretionary consumer spending fell sharply. Restaurant and Catering Australia (RCA) CEO Suresh Manickam warned that the hospitality industry was going through one of its most difficult periods in

Very, very early days but some data from Goldman. New homes sales volume on average was +126% wow, and down 1% yoy with tier-3 and Northern outperforming. Secondary transactions on average were +91% wow, and up 46% yoy with positive price appreciation expectations from both agents and homeowners. Inventory balance was flat wow and was

The post Green shoots in Chinese property? appeared first on MacroBusiness.

With China closed, iron ore is flopping around like a fish out of water in Singapore futures: One dynamic worth mentioning is the shift in Chinese futures. Steel (and iron ore shorts, including me) have been blasted to bits: It doesn’t tell us the squeeze is over, indeed, we need to go lower. But it

The post Iron ore blasts the shorts appeared first on MacroBusiness.

Last night saw a maelstrom of geopolitical events – read: war – hit risk markets from all sides with USD bid strongly on the safe haven while stocks pulled back and commodities lifted, particularly oil.  Wall Street suffered the most as tech stocks sold off while the new quarter did impact bond markets somewhat with

The post Macro Morning appeared first on MacroBusiness.

DXY is back as the safe haven as bombs fall in the Levant: An overbought AUD retraced: Oil and gold to the moon! Dragging up metals: Miners have held the gains: EM faded: Junk pulled back: Haven bonds were bid despite oil telling you inflation is cooked: Stocks fell: Much ado about nothing is the

The post Australian dollar bombed by Iran appeared first on MacroBusiness.

NATO’s newly appointed Secretary General, former Dutch Prime Minister Mark Rutte has backed the idea of allowing Ukraine to use Western-supplied weapons to strike deep into Russian territory.

Rutte made the remarks on Tuesday during a press conference following a ceremony commemorating the transfer of power from his predecessor Jens Stoltenberg. The new NATO chief backed the idea of Ukraine doing whatever it sees fit, claiming the country is within its rights to do so.

This week, reports emerged claiming that the Coalition is considering stripping the Australian Prudential Regulatory Authority (APRA) of some of its powers to regulate mortgage borrowing and overhauling credit laws to make it easier for first home buyers to borrow for housing. The move comes as the Coalition’s Andrew Bragg is chairing a Senate inquiry into

The post Relaxing credit won’t improve housing affordability appeared first on MacroBusiness.

“Pregnant women will give birth to terrorists; the children when they grow up will be terrorists.” (Phalangist involved in the Sabra and Shantila massacre, when questioned by an Israeli tank crew, West Beirut. 17 September 1982. Robert Fisk; Pity the Nation, p359). “We know, it’s not to our liking, and don’t interfere.” (Message from and…

The post Who are the terrorists? appeared first on The AIM Network.

With Chinese stocks closed for the week there weren’t many catalysts in the region today with local stocks slumping in the wake of poorer than expected retail sales while risk markets overall reacted to the Israeli invasion of Lebanon. The USD remained somewhat strong from its overnight little surge but the Australian dollar is holding

The post Macro Afternoon appeared first on MacroBusiness.

By Jane Salmon   Long-term refugees and asylum seekers at the 24/7 vigils for permanent visas around the nation have received injuries, bashings, threats, flag and sign theft at the hands of neo Nazis, nationalists and hate-filled Anglo citizens. Red-neck Aussie bogans can be terrorists, too. The Dandenong vigil outside the office of Julian Hill…

The post Never mind the Hezbollahs appeared first on The AIM Network.

The StB Giga Factory has started making the equivalent of about 30,000 lithium iron phosphate home battery systems a year, with plans to scale that to 2GWh a year by 2030.

The Reserve Bank of Australia (RBA) released its half-yearly Financial Stability Review (FSR), which noted that around one-in-20 Australian borrowers have a cashflow shortfall: “In addition to cutting back their spending to mostly essential items and trading down in quality for some goods and services, these households have had to make other difficult adjustments to