Blogotariat

The series of major explosions at Russian military bases on the Black Sea peninsula of Crimea over the past week mark the beginning of a new, even more dangerous phase in the imperialist war waged on Ukrainian territory against Russia.

I don’t often do mailouts to the Burger’s full subscription list, but I’ll have a few in the next couple of weeks. So if things seem oddly structured or even formal here in the future that’s why.

On the upside, the first mailer is a free short story in the Cruel Stars universe, written with Jason Lambright.

BRANZ and Pacifecon have published their 10th annual National Construction Pipeline Report, which shows that New Zealand residential construction is expected to fall by more than one-third, or $11 billion, to $19.6 billion per year over the next five years. In turn, total construction activity is forecast to fall from a peak of $50.9 billion

The post Housing crash to plunge New Zealand into recession appeared first on MacroBusiness.

To nobody’s surprise, the cost of building Melbourne’s suburban rail loop has doubled to $125 billion, with another $75 billion projected for operating expenses. That’s according to the Victorian Parliamentary Budget Office: According to the state parliament’s budget office, which published a report overnight, the north and east sections of the rail loop could blow

The Reserve Bank of Australia (RBA) has to be the worst forecaster of wages and incomes in Australia. After being far too bullish on wages over the past decade: It got egg on its face yet again when yesterday’s wage price index for the June quarter came in soft. The RBA’s August Statement of Monetary

The post Weak earnings growth shatters RBA forecasts appeared first on MacroBusiness.

He has survived death threats and attempts on his life since February 1989. But Salman Rushdie’s luck just about ran out at the Chautauqua Institution, southwest of Buffalo in New York State. On August 12, at a venue historically celebrated for bringing education to all, the writer was stabbed incessantly by a fanatic who felt…

The post The Maybe Mob and the Rushdie Attack appeared first on The AIM Network.

China’s economy has deteriorated significantly. We, here at Nucleus, have time and again discussed the issues and lately have been wondering if it means that China’s great reckoning has arrived? Or will the can be once again kicked down the road? Join us in this investment podcast as Nucleus Wealth Chief Investment Officer, Damien Klassen,

The post MB Fund Podcast: Has The Great China Reckoning Arrived? appeared first on MacroBusiness.

Credit Suisse on DXY. —————————————————————————————————————————— FX markets have now entered what was supposed to be an aimless, low-volatility fortnight ahead of the 25-27AugJackson Hole meetings. Instead, implied volatility in key pairs jumped at the start of the week, in our view primarily as a function of China’s surprise rate cut on Monday. Later in this

The post US dollar to the moon! appeared first on MacroBusiness.

The US is pushing forward on multiple fronts: The US and Taiwan have started formal negotiations on a bilateral trade initiative, a move likely to inflame already high tensions with China. The first round of trade talks is set to take place “early this fall,” the Office of the US Trade Representative said in a

The post Time Albo’s cowards visit Taiwan appeared first on MacroBusiness.

You don’t say. For me, this is still a bear market rally owing to the nasty cocktail of sky-high inventories, a tightening Fed, and outright recessions in Europe and China. BofA. P/E should be 11 (it’s 20) or CPI should be 0% (it’s 8.5%) Only 30% of our bull market signposts (things that happen before

The post Century old rule with 100% record says stocks ain’t bottomed appeared first on MacroBusiness.

The ferrous complex puked on August 17, 2022: Chinese iron ore port inventory climbed again last week: The reasons being cited for the price falls are balderdash: Nearly 20 steel mills in China’s southwest regions had suspended operations as of Wednesday, according to steel industry data provider SMM. The power rationing is expected to continue

The post Daily iron ore price update (puke) appeared first on MacroBusiness.

Risk sentiment stumbled overnight with strong UK inflation numbers offset by the release of the latest FOMC minutes later in the session but it still resulted in falls on both sides of the Atlantic with the USD rising against the major currencies again. Euro escaped any further selling while the Australian dollar slumped well below

The post Macro Morning appeared first on MacroBusiness.