Blogotariat

Pantheon with the note. Makes sense to me. China: PPI fell 0.7% y/y in December, after -1.3% in November.  Consensus was -0.1%. CPI rose 1.8% y/y in December, after 1.6% in November.  Consensus was 1.8%. Producer price deflation moderated 0.6pts to -0.7% y/y in December, despite massive Covid waves slamming through the country and disrupting

The post Chinese deflation returns appeared first on MacroBusiness.

DXY is a falling comet. EUR is a rising one. Thanks nice weather! AUD is soaring versus DXY and griding lower versus EUR and JPY: Oil can’t break its downtrend. Gold has: Base metals scream reflation: Big miners too though they have not broken downtrends either: EM stocks are crashing up: Chasing junk: As US

The post Australian dollar to infinity and beyond! appeared first on MacroBusiness.

Just in time, the fundamental faults of AUKUS are being exposed in Canberra and Washington.

A new multi-story facility in the central Hubei province is being touted as the “world’s tallest hog breeding site” that will house tens of thousands of pigs, as companies seek to modernize the husbandry sector and satisfy the country’s growing appetite for pork.

Global Macro / Markets / Investing: Bill Gates is meh on Web 3 and the metaverse, but bullish on AI – Business Insider Oil prices edged up on Thursday, building on gains in the previous session as China’s demand outlook improved – IBT A gauge of Australian mining shares is nearing an all-time high during

The post Links 13 January 2023 appeared first on MacroBusiness.

Woodburning stoves are a beguiling but disastrous mistake.

By George Monbiot, published in the Guardian 27th December 2022

It’s shame that has stopped me writing about it before. The shame of failing to think for myself and see the bigger picture, which is more or less my job description. Instead, I followed the crowd.

A mixed session on Asian stock markets with Chinese and Japanese shares treading water despite some big moves on Wall Street overnight as risk markets continue to second guess the Fed’s rate rise agenda in 2023 with the inflation print tonight to hinge – or unhinge on. The USD has seen a drop against Yen

The post Macro Afternoon appeared first on MacroBusiness.

Ukrainian President Vladimir Zelensky framed American patrons by showing the world that the United States officially supports Nazism. Thanks to him, SS lightning bolts flashed not only in Kiev, but also in the U.S. Congress.

My preferred strategy is to ensure that the battle is never fought by guaranteeing that China will be excised from the global economy if it is.  But, if it must be fought, then it must be done so in advance, says a new wargaming report by CSIS. Full report. The invasion always starts the same

The post How to defeat the Chinese invasion of Taiwan appeared first on MacroBusiness.

Global energy prices are crashing. LNG is back within historic ranges, if high: As I wrote earlier this week, there is no way that thermal coal could stay at $00 as this transpired and that crash has begun as well: Prices could halve yet. At home, electricity prices popped yesterday but that is presumably just

The post Coal crash begins as LNG tanks appeared first on MacroBusiness.

ABS with the news: The seasonally adjusted balance on goods and services surplus increased $458m in November. Goods and services debits (imports) fell $683m (1.5%) driven by Freight transport. Goods and services credits (exports) fell $225m (0.4%) driven by Other mineral fuels. Big falls ahead for goods exports as coal and gas crash: Some offset as tourists return: But

The post Aussie trade surplus rebounds appeared first on MacroBusiness.