Blogotariat

Chinese stocks have soared higher in one of their best one day performances in a decade as traders don’t want to miss out before the week long holiday. The reaction to the PBOC stimulus has been considerably overdone but not yet stopped! Local shares gained in sympathy while Japanese shares slumped on the back of

The post Macro Afternoon appeared first on MacroBusiness.

Productivity Commission Media Release Labour productivity fell by 0.8% across the economy in the June quarter, but rose by a modest 0.5% over the year to June 2024. This marks a return to the weak productivity growth trend of the five years leading up to the COVID-19 pandemic. “During the pandemic, aggregate productivity rose but…

The post Australia’s productivity deadlock persists appeared first on The AIM Network.

The Breamlea wind turbine was built in 1987 but owner Barwon Water says the parts no longer exist to keep it operational.

Goldman with the note. The August core PCE price index rose by 0.13% month over month, while the year-over-year rate edged up to 2.68%. Core services excluding housing increased 0.16% and market-based core PCE increased 0.15%. Both personal spending and income increased by 0.2% in August. The saving rate edged down to 4.8% from an

The post US inflation is whipped appeared first on MacroBusiness.

When a picture is worth a thousand words: The only thing I can compare the violence of this move to is when iron ore fell to $37 in early 2016. Though obviously the other way around. What a squeeze. Aussie miners selling into it.

The post Iron ore goes bananas appeared first on MacroBusiness.

If you want housing affordability, then raze Canberra because it is not coming otherwise. Labor has a suite of policies stuck in the senate designed to inflate the bubble: Corproitizing rents to embed price inflation. Shared equity ponzi scheme to dive prices crazy. Building far too few houses. These come on top of its wildly

The post Major parties compete to blow housing bubble into outer space appeared first on MacroBusiness.

Solar grazing is a multi-billion dollar industry in the US. Australian farmers are beginning to think about how it might work here, too.

The Australian Bureau of Statistics (ABS) released its Finance and Wealth survey for the June quarter of 2024, which shows that household wealth hit an all-time high of $16,477.2 billion after increasing by $249.7 billion over the quarter. The ongoing appreciation of Australian home values drove the rise in wealth. Dwelling assets grew by $216.0

The post Australia’s booming wealth is mostly fake appeared first on MacroBusiness.

Jarden economist Anthony Malouf says the investment bank has concluded that increased government spending on the $49 billion National Disability Insurance Scheme (NDIS) is contributing to inflation and could reduce the chances of the Reserve Bank of Australia (RBA) cutting interest rates. Jarden attributes the increased spending on the NDIS to the jump in the

The post NDIS juggernaut steamrolls economy appeared first on MacroBusiness.

Friday night saw the release of the latest US PCE (personal consumption expenditure) print and it came in a little softer than expected, but this still gave no relief to Wall Street as tech stocks sold off slightly. European stocks did much better, translating the outsized returns here in the Asian session into a solid

The post Macro Morning appeared first on MacroBusiness.

8:00am Monday – All of the results of NSW council elections conducted by the NSW Electoral Commission are due to be declared over the course of today and tomorrow.

For this campaign I have focused on the 27 most populous councils (2 of which, Fairfield and Liverpool, have employed a private provider to conduct their elections and thus are not part of this process). For the last few weeks I have been tracking the count in the 26 of those councils where parties play a large role (sorry, Ku-ring-gai). This is my most recent post analysing the races I am yet to call.