|
MacroBusiness
Friday, February 7, 2025 - 11:20
Source
The Market Ear on the Retail Army. Shorts gone Short Interest as a % share of share outstanding at depressed levels. Source: JPM Needs a bigger chart Retail sentiment at new all time highs… Source: JPM Is this time different? So are the AI leaders in a “winners’ curse” situation reminiscent of telcos in 2000, The post The bubble inflates appeared first on MacroBusiness. |
Your Democracy
Friday, February 7, 2025 - 11:02
Source
To the man with a hammer, everything looks like a nail. And to the real estate developer in the White House, everything looks like a beachfront site for hotels and casinos. |
|
MacroBusiness
Friday, February 7, 2025 - 11:00
Source
Justin Fabo from Antipodean Macro has published interesting charts from the latest NAB Business Survey showing that Australian firms continue to experience high labour shortages. Nearly half of Australian firms—close to a record high—claim that labour availability is a “minor” constraint on output. A further one-third of firms report that it is a “significant” constraint |
xkcd.com
Friday, February 7, 2025 - 11:00
Source
|
|
MacroBusiness
Friday, February 7, 2025 - 10:30
Source
CoreLogic’s daily dwelling values index continues to fall, dragged lower by Sydney and Melbourne. Values at the 5-city aggregate level fell by 0.2% over the past 28 days and have been underwater since October 2024, declining by 0.8% over that period. Melbourne continues to lead the decline, with values down 0.5% over the past 28 The post Australian house prices slowly bleed out appeared first on MacroBusiness. |
Your Democracy
Friday, February 7, 2025 - 10:04
Source
It was one of those head-snapping, blink-and-you’ll-miss-it weeks in Washington, D.C. Many U.S. science agencies abruptly abandoned normal operations last week to focus on a slew of executive orders from President Donald Trump targeting what he calls “woke gender ideology;” diversity, equity, and inclusion (DEI); foreign aid; the “green new deal;” and support for “nongovernmental organizations that undermine the national interest.”
|
|
MacroBusiness
Friday, February 7, 2025 - 10:00
Source
On Thursday, I presented data showing that real Australian wages have fallen by 10.3% since the Q2 2020 peak and were tracking at late 2021 levels as of Q3 2024 (latest available data). This calculation was derived by deflating the Australian Bureau of Statistics (ABS) wage price index with the employer cost-of-living index. Separate data The post Why Australian households are hurting appeared first on MacroBusiness. |
MacroBusiness
Friday, February 7, 2025 - 09:30
Source
Some pretty impressive jaws are opening in the ferrous complex. Iron ore short in coming. Seasonals are creating the opportunity as cyclones slow the Pilbara and China restocks steel. Flat going ok, long not so much. Profitability is weak, but there. Mills are restocked with ore. May shorts are the go, IMHO, though that is The post Iron ore short in coming appeared first on MacroBusiness. |
|
Cheeseburger Gothic
Friday, February 7, 2025 - 09:05
Source
I read a lot of crazy health and fitness content so you don’t have to, and some recent crazy advice has been to avoid caffeine in the morning. |
MacroBusiness
Friday, February 7, 2025 - 09:00
Source
The latest BOE meeting saw an expected cut which buoyed European markets coupled with a resurgent Yen and hesitation around tonight’s NFP print kept the USD in a weak space overnight. Wall Street made modest gains as earnings season ramps up with Amazon in focus while the latest crude oil figures suggest a glut in The post Macro Morning appeared first on MacroBusiness. |
|
Your Democracy
Friday, February 7, 2025 - 08:59
Source
US President Donald Trump’s envoy to Ukraine and Russia, Keith Kellogg, has brushed aside Kiev’s demand for nuclear weaponry, stating that it is “not going to happen.” Kellogg made the remarks on Thursday while speaking to Fox News Digital. He was asked about the latest call by Vladimir Zelensky for “nuclear weapons” and “missile systems” from Kiev’s Western backers. |
Renew Economy
Friday, February 7, 2025 - 07:59
Source
|
|
MacroBusiness
Friday, February 7, 2025 - 07:40
Source
DXY is holding on. AUD paused. Lead boots too. I’m surprised the “Gaza Coast” development and Iran sanctions didn’t lift oil. Dirt meh. Miners popping finally. EM meh. Junk firm. Yields too. Stocks up. Trump’s “Gaza Coast” development is not relevant to Australia, so it is no surprise it was shrugged off. I am a The post Australian dollar shrugs off “Gaza Coast” appeared first on MacroBusiness. |
Your Democracy
Friday, February 7, 2025 - 06:26
Source
EU member states are growing frustrated with European Commission President Ursula von der Leyen over her unilateral approach to foreign policy, Politico reported on Wednesday, citing diplomats. The latest criticism reportedly comes after von der Leyen announced a partnership agreement with Jordan. |
|
Your Democracy
Friday, February 7, 2025 - 06:04
Source
While the big China threat remains AI platform DeepSeek, The Australian reminds us that the true “evil” is Canberra not doing anything about China’s threat to national security, and Nine Newspapers remind us that LNP politicians taking money from rich Chinese-Australians are good, while their benefactors are likely up to no good.
|
Your Democracy
Friday, February 7, 2025 - 05:40
Source
UN points out major flaw in latest Israeli protestWest Jerusalem’s claim it has quit the UN Human Rights Council is contradictory, as it is not a member of the body, a UNHRC spokesman has clarified Israel is not currently a member of the UN Human Rights Council (UNHRC), meaning it cannot officially withdraw from a body it is not part of, UNHRC spokesman Pascal Sim has stated. |
|
Your Democracy
Friday, February 7, 2025 - 05:08
Source
Russian Foreign Ministry spokeswoman Maria Zakharova has ridiculed British Foreign Secretary David Lammy’s assertion that ties between London and Kiev date back “thousands of years.” The UK’s top diplomat arrived in Kiev on Wednesday, where he met with Ukrainian leader Vladimir Zelensky and pledged to continue backing the country. |
MacroBusiness
Friday, February 7, 2025 - 00:05
Source
Labor launched its Powering Australia Plan in late 2021, promising to reduce National Energy Market (NEM) wholesale power rates by $11 per MWh, from $62 to $51, by 2025. Labor boasted that its Powering Australia Plan would save Australians $275 on their residential electricity bills by 2025 and $379 by 2030. The Australian revealed that |
|
MacroBusiness
Thursday, February 6, 2025 - 17:30
Source
Asian share markets are all in the green as concerns over Trump’s tariffs dissipate while the BOJ hawks are out spruiking more rate hikes, sending Yen higher against everything. In fact currency markets are now back above their pre-Canadian/Mexican blank fire tariff shots with the Australian dollar also enjoying a push higher to almost cross The post Macro Afternoon appeared first on MacroBusiness. |
Renew Economy
Thursday, February 6, 2025 - 15:11
Source
|
|
Renew Economy
Thursday, February 6, 2025 - 14:56
Source
|
Renew Economy
Thursday, February 6, 2025 - 14:49
Source
|
|
Renew Economy
Thursday, February 6, 2025 - 14:43
Source
|
Renew Economy
Thursday, February 6, 2025 - 14:36
Source
|
|
Your Democracy
Thursday, February 6, 2025 - 14:14
Source
America has been in 19 wars since World War II, but we will list the death toll from three of the bloodiest conflicts: The Korean War, The Vietnam War and wars in Iraq, Afghanistan and Pakistan. The total death toll of people killed by American troops in all these wars put together is over 12 million. |
MacroBusiness
Thursday, February 6, 2025 - 14:00
Source
Statistics New Zealand released the Q4 Labour Force Survey this week, revealing that employment fell over the quarter and the unemployment rate hit a 4-year high of 5.1%. New Zealand employment fell 0.1% in Q4, the second consecutive quarterly decline, to be 1.1% lower than a year ago. Overall, the New Zealand economy shed a The post Reserve Bank must cut in February appeared first on MacroBusiness. |
|
MacroBusiness
Thursday, February 6, 2025 - 13:30
Source
I’m sorry for the satirical headline. This is a serious issue. Australia’s last major plastics manufacturer, Qenos, closed in 2024 due to high energy costs. Now, Australia is wholly reliant on imported plastics from China. This week, Australia’s only architectural glass manufacturer, Oceania Glass, collapsed after 169 years of operation. Oceania Glass was Australia’s sole The post Australia to build homes without windows appeared first on MacroBusiness. |
MacroBusiness
Thursday, February 6, 2025 - 13:00
Source
Chalk up another win for El Trumpo. President Trump is preparing to issue an executive order Wednesday effectively banning transgender girls and women from participating in female sports events in schools and colleges, fulfilling a promise that fuelled his campaign for the White House. I love a good man/woman. There’s a dude/sheila at my local Bunnings with a mighty The post Ban men/women from women’s sport appeared first on MacroBusiness. |
|
Your Democracy
Thursday, February 6, 2025 - 12:30
Source
It’s said that what the world needs today are strong leaders whom social media and associated propagandists insist are the only ones who can bring order back into a dangerously chaotic world. Their strengths, it is claimed, outweigh their shortcomings. In Australia, attention is turning to Peter Dutton, who according to his supporters, is the epitome of a strong leader.
|
MacroBusiness
Thursday, February 6, 2025 - 12:30
Source
Charlie McElligott at Nomura today on the resilience of stocks. Trump doing the dance on Tariffs (exploiting oscillating periods of market calm to inject volatility—and vice versa—which will continue into each month’s escalations), but the statement of intent is there: Structurally, he has a desire to rebalance global trade with the U.S.,reverse / reduce the The post Stocks survive everything appeared first on MacroBusiness. |
