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Articles from MacroBusiness

Chalmers buries own wellbeing drivel

July 22, 2024 - 12:00 -- Admin

Sometimes this job is boring—interpolating data, watching indicators grow like grass, and watering the intellectual desert of the Aussie media. Yawn Then there is the single most onerous task I have had to undertake in thirteen years of writing – analysing the self-serving guff of Dr Jim Chalmers. Alas, I am forced back into the

Greens cut gas Gordion knot

July 22, 2024 - 11:00 -- Admin

Albo’s new energy shock appears just about over for this winter, with gas glued to his stupid $12Gj gas price floor: And QMA power prices are about to top out at $155MWh: It’s been a doozy and as prices fall into the off-season, I expect a higher low than last Spring. Big coal is making

AI bubble pops

July 22, 2024 - 10:30 -- Admin

The Market Ear ventures inside the AI bubble. AI chose violence The Bespoke AI Basket that’s made up of 50 key AI stocks was down 5.6% over the last two days coming into Friday, which was the biggest 2-day drop since ChatGPT was released in late 2022. Bespoke Where is my ROI, Jensen…? Change in

Australians tire of $5 coffees

July 22, 2024 - 10:00 -- Admin

The number of cafes has grown dramatically across Australia during the last two decades. When I moved to Melbourne’s Ashburton area in 2006, my local High Street strip shop had about four cafes. Over the next 18 years, I observed the number of cafes grow to ludicrous numbers. There are now more than a dozen

Chinese property sinks some more

July 22, 2024 - 09:30 -- Admin

Chinese steel demand indicators continue to sink. Auto sales are weakening: Property sales are going nowhere: As prices keep falling: Infrastructure bonds are very weak:   Hammering cement demand: Nothing encouraging here for future steel demand. Goldman offers a gloomy outlook: First, the primary linkage between the property market and the real economy is through

Macro Morning

July 22, 2024 - 09:00 -- Admin

Friday night was a dumping ground as almost everything was sold off in reaction to more tech stock action on Wall Street plus continued political volatility with the BSOD IT crisis not helping at all. Wall Street continued to sell off alongside European stocks although the latter got no relief as Euro weakened under a

Biden goes, endorses Harris

July 22, 2024 - 06:04 -- Admin

The news this morning is that POTUS Joe Biden will serve out his term but will NOT contest the Democratic nomination for the November election. He has endorsed his deputy, Kamala Harris, who will likely now take the ticket. Harris’ polling versus Trump is not especially good though being leader can change perceptions. Her running

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