Global Macro / Markets / Investing: Five Ways Cryptocurrency Critics Are Right – Econ Americas Debt: Why Most Fear It, and Why You Shouldn’t – Medium The ruins of the global economy look even more tragic for the IMF – Economo Dow futures climb as hope for V-shaped recovery overshadows rise in coronavirus cases –
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A bit of drama to keep us traders awake today as yet another Trump nincompoop blurts out the wrong thing, sending futures to the floor before a hasty “I didn’t really mean that” retraction saw risk markets square up again. Currencies moved around as well, while gold fell back slightly as the PBOC pushed
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Last month, the Victorian government advised that the $6.7 billion West Gate Tunnel project would not be completed in 2022 as originally intended, instead pushing the project back to 2023 over a dispute around the disposal of contaminated soil. And earlier this month, it was revealed that Transurban had sought to tear up the contract
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Virgin Australia’s administrator Deloitte has revealed that final bids were submitted from Bain Capital and Cyrus Capital Partners and has a week to decide which plan to adapt for its relaunch. The Flight Attendants Association of Australia and the Australian Licensed Aircraft Engineers’ Association both expressed support for Cyrus Capital’s bid, although the Transport Workers’
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Some charts from BofAML: What is remarkable about this first YCC period – when the Fed capped yields at 2.5% to allow Treasury to fund cheap debt in WWII – is that as BofA’s Michael Hartnett points out it coincided with start of a huge rally in US stocks… … multiple expansion as PEs soared
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Via Goldman: Historically, gold’s relationship with inflation is non-linear. Gold does not display a strong correlation with inflation while the latter is moderate but becomes strongly correlated when inflation gets above a certain threshold. Gold also tends to go up moderately in deflationary environments. In fact, we find that what matters most is the deviation of inflation
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Supermarket giant Woolworths has announced it will build two new automated grocery distribution centres, resulting in a number of redundancies. While Woolworths did not say precisely how many roles would be affected by the site closures, which will take place over the next five years, it said the redundancies would cost about $176 million
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A new survey from Boston Consulting Group (BCG) reveals that most Australians wish to continue working from home (WFH) for at least a few days per week: …instead of commuting every day, they would be happier to be in the office for only two or three days of a five-day working week… For those who
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I noted last week how the NSW Government had effectively handed planning control to the Property Council. In addition to fast-tracking planning processes and development applications, the Government appointed deputy executive director of the Property Council of NSW, William Power, to executive director of the planning department’s COVID-19 response. And that response involved fast tracking
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Via Domain: Figures released last week by Victoria University’s Mitchell Institute revealed there were 30,291 fewer international students in Melbourne in 2020 compared to last year, and 29,815 fewer students in Sydney. Juwai executive chairman Georg Chmiel said the company’s estimates showed that nationwide around $715 million of property-related income would be stripped from the
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