Blogotariat

When the boffins at Martin Place get back from their extended holiday next month, the February RBA rate rise could be a hot one! Yesterday we saw the release of retail sales for November, which rose more than 1.4%, way ahead of the 0.6% that had been expected, with lots of upwards revisions to previous

The post Australian dollar lifts on domestic inflation but is it enough? appeared first on MacroBusiness.

He would say that, right? Prominent fixed-income manager Jeffrey Gundlach said investors trying to figure out how the interest-rate situation will play out should pay attention to the bond market rather than the Federal Reserve. “My 40 plus years of experience in finance strongly recommends that investors should look at what the market says over

The post Gundlach: Grab bonds with both hands appeared first on MacroBusiness.

Australian dwelling values have just recorded their largest and fastest fall on record, according to CoreLogic: This record price decline has been primarily driven by the Reserve Bank of Australia’s (RBA) ultra-aggressive monetary tightening, which drove the official cash rate up by 3.0% in only seven calendar months, nearly doubling variable mortgage rates: There is

A series of charts from The Daily Shot shows why markets are so dovish on tomorrow’s US CPI print. Australia is 1-2 quarters behind. 1. The NFIB small business index surprised to the downside in December. • CapEx plans are trending lower. • Hiring plans sank further. • Fewer firms had trouble filling job openings. • The percentage of

The post US inflation is crashing appeared first on MacroBusiness.

I have never understood the Sun Cable business model. Why send so much solar power so far at such an enormous cost in capex and energy waste, when it can be directed inwards at a fraction of the cost and still make excellent profits? Moreover, if decarbonisation is the goal then it will do a

The post Buy Sun Cable to decarbonise Australia in four years appeared first on MacroBusiness.

A former US intelligence official has confirmed that the shambolic Maidan remix staged in Brasilia on 8 January was a CIA operation, and linked it to the recent attempts at color revolution in Iran.

I’m not sure how legit this is, but I had the Texas breakfast at this cafe in Singapore called Wild Honey, which offered all the breakfasts of the world. (No avo toast, sniff, so a black mark there).

On Tuesday, CoreLogic released its quarterly rental market report, which recorded the highest annual rental growth on record (i.e. 10.2% nationally) on the back of a near record tight vacancy rate: Separate CoreLogic data also showed that the number of homes listed for rent across Australia’s capital cities has plunged to a record low: Now

The post Australia’s rental market begins 2023 in crisis appeared first on MacroBusiness.

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The unprecedented sanctions introduced against Russian individuals since the beginning of Moscow’s military operation in Ukraine have drastically impacted the list of Russia’s wealthiest people, according to the latest estimates by Forbes.

Moreover, data tracked by the magazine shows that those remaining at the top of the country’s rich list saw their fortunes dwindling.

On Tuesday night, I gave a wide-ranging interview on Australia’s rental crisis on Radio 2GB. The interview begins at 1:46.15 and discusses the latest rental market data and why the rental market will deteriorate over 2023 as immigration soars to record levels. We also discuss the vested interests driving the immigration deluge alongside the willful

The post LVO talks rental crisis and immigration on Radio 2GB appeared first on MacroBusiness.