Blogotariat

The latest US CPI print caused some volatility on currency markets and another wobbly finish on Wall Street overnight but European share markets were less reactive. The USD ended up broadly higher against Yen but other undollars remain somewhat steadfast as it looks like the trade war over tariffs might be a nothing burger. The

The post Macro Morning appeared first on MacroBusiness.

DXY shrugged off hot US inflation. AUD did too. The lead boots jaws are closing. Gold and oil do the opposite. Dirt bubblet. Mining doldrums. EM life?!? Nah. Yields up. Stocks flat. US inflation was worse than feared. However, January is always worse than feared, and the BLS has not fully adjusted to it post-COVID.

The post Australian dollar hoses hot US inflation appeared first on MacroBusiness.

The back and forth about Australia’s desire for an exemption from Donald Trump’s tariffs on steel and aluminium tells a sad tale about our country in this election year of 2025. We’re a wealthy, highly urbanised, industrialised, modern G20 nation. But there remains something of the colony about Australia – a far-flung place constantly looking for older, more powerful friends to look after us economically and militarily.

Ross Gittins claims, “The nation is finally coming to grips with home affordability”. “I’ve been watching and writing about the steady worsening in housing affordability for the best part of 50 years, and I’m more optimistic today than I’ve ever been”, Gittins wrote. “At every level, from governments at the top to mums and dads and

The post Politicians are feeding the housing crisis appeared first on MacroBusiness.

Keith Kellogg, the US presidential envoy for the Ukraine conflict, will meet with European officials in the coming weeks to advance President Donald Trump’s objectives, according to Bloomberg and The Telegraph.

The diplomatic campaign will reportedly kick off at the Munich Security Conference (MSC) on Friday, as the new US administration aims to recoup funds expended on the conflict in recent years.

Director of RE-Alliance, Andrew Bray, says local energy hubs could bridge the gap between government, industry, and local communities.

AGL CEO says Australia's biggest baseload generator has no plans for "always on nuclear," but is investing heavily in flexible assets including heaps of big batteries.

Overheated or what? The Market Ear. Stopped in/out Gold is putting in a massive shooting star candle so far today. You watch these type of candles very carefully after an asset has moved sharply as it could be the first indication of a short term trend reversal. The psychology is very powerful as it basically

The post Sell gold appeared first on MacroBusiness.

So says ANZ.  The US produces around 80mt of crudes teel, which falls short of its consumption needs by 25-30mt. Its import reliance is around 12-15% of apparent consumption. Canada is once against the biggest source of its total imports at 23%. Other sources include Mexico (16%), Brazil(13%), and theRepublic of Korea(9%). Australia exports a

The post Trump tariffs to smack iron ore appeared first on MacroBusiness.

Beware the dangers of central planning. The job of good government is to provide macro settings that nudge markets around to maximise the benefit to society. Bad government is to distort macro settings to deliver on politically charged targets to get re-elected and damn the lifeboats. This is bad government. Jim Chalmers has instructed ­financial

The post Chalmers readies shanty towns for Aussie youth appeared first on MacroBusiness.

Australia’s housing market is experiencing a mild correction, led by Sydney and Melbourne. Over the past quarter, dwelling values across Australia’s five major capital cities have declined by 0.7%, driven by Melbourne (-1.9%) and Sydney (-1.5%). The downturn has been driven by record low affordability, easing net overseas migration and a steady accumulation of for-sale

The post Australians ready for next house price boom appeared first on MacroBusiness.

In 2011, billionaire investment legend Warren Buffett penned an opinion piece in the New York Times, revealing that he paid a lower rate of tax than most of his employees. The article highlighted how tax breaks are available only for the rich with resources to take advantage of them. What followed was a 2012 proposal

The post There’s merit in Greens’ 10% billionaires tax appeared first on MacroBusiness.

Beware the LNY distributions, but Chinese property appears to have faded out. A bit better year on year. Inventory improved. As the completion cliff moves up a gear. Nothing good for steel demand here. But iron ore is busy trading other inputs, such as tariffs and cyclones, and the jaws are huge.  

The post Iron ore goes over China’s “completions cliff” appeared first on MacroBusiness.