Blogotariat

The Credit Suisse Global Wealth Report has once again declared Australian households the world’s richest thanks to their expensive property assets: The report says that “the overall composition of assets or wealth has not changed a great deal in Australia since 2000” and that Australians display a relatively large preference for housing assets relative to

The post Aussies bask in fake housing wealth appeared first on MacroBusiness.

Global Macro / Markets / Investing: Fed raises rates by another three-quarters of a percentage point to fight inflation – CNBC Fed Raises Rates Another 75 Basis Points—Pushing Borrowing Costs To Highest Level Since Great Recession – Forbes U.S. 2 Year Treasury hits 4% – CNBC 2-year Treasury yield surges above 4.1% after Fed hike,

The post Links 23 September 2022 appeared first on MacroBusiness.

The right to protest, fragile and meekly protected by the judiciary in Britain’s common law tradition, did not really hold much force till European law confirmed it. In the UK, condemning other countries for suppressing rights to protest is standard fare. So it was with some discomforting surprise – at least to a number of…

The post Offence by Another Name: Suppressing Anti-Royal Protest in Britain appeared first on The AIM Network.

Death, when it comes quickly for someone we love, tends to blindside us, and drag us out of our ordered complacency. Two women died this month. One I knew. One I did not know at all. One was famous. One was not. One attracted a staggering number of mourners, millions across the globe. The other…

The post A Tale of Two Women appeared first on The AIM Network.

DXY is a one-way rocketship to the stars. This is TINA, there is no alternative. My best guess is we’ll hit the millennial highs. Here’s the monthly chart for along term perspective. AUD is the inverse and there is every chance we hit the COVID monthly lows as the global recession advances: CNY is a

The post Australian dollar heads for COVID lows appeared first on MacroBusiness.

As against all this emotional talk there is need to point out again: praxeology and economics, its up-to-now best- developed branch, are neutral with regard to any moral precepts. 

Neither Moscow nor Beijing are seeking to rule the world – unlike some other countries, Kremlin spokesman Dmitry Peskov has said.

“In implementing their bilateral relations, Russia and China do not lay claim to ruling the whole world,” he told Russia’s Rossiya 1 channel on Sunday. However, “we know that some other countries have this tendency,” he added.

Global Macro / Markets / Investing: Fed expected to hike rates by three-quarters of a point again, but its forecast may matter most – CNBC Our world is in peril; UN secretary general warns general assembly – CBC The Poor Are Being Doubly Hit by Inflation and Policies to Combat Inflation – Truthout World-Renowned Economists

The post Queen Memorial Holiday Links 22 September 2022 appeared first on MacroBusiness.

Australia is at the start of a globally significant investment boom. Its top 5 pure-play lithium firms have a collective market value of more than $A50 billion.

The post Australia’s once in a generation lithium opportunity appeared first on RenewEconomy.

Asian stocks have slumped in the wake of Russia calling up a “partial” mobilization (aka filling in the tens of thousands of young Russian lives lost so far) and more sabre rattling, leading to a full handle drop in Euro and higher volatility on currency markets. Tonight’s long awaited Federal Reserve meeting will add the

The post Macro Afternoon appeared first on MacroBusiness.

Earlier this month, the Real Estate Institute of New Zealand (REINZ) released its House Price Index for August, which recorded the largest six month decline since records began in 1992. Days later, CoreLogic released its interactive Mapping the Market tool, which showed that house prices fell across 84% of New Zealand suburbs in the three

The post New Zealand housing values plummet back to earth appeared first on MacroBusiness.