Blogotariat

The Market Ear on ludicrously overbought gold. Gold – on the road to 3k Unstoppable gold continues surging today again. As we have been pointing out recently: gold is overbought, but there is room for it to move even higher before we reach the upper part of the channel (comes in around $3k). Source: Refinitiv

The post Golden bubble inflates appeared first on MacroBusiness.

Current market pricing has ascribed a 93% probability that the Reserve Bank of Australia (RBA) will cut the official cash rate at next week’s monetary policy meeting. CBA’s head of Australian economics, Gareth Aird, ascribes an 80% probability of a 0.25% rate cut next week. Aird noted that the Q4 24 trimmed mean CPI came

The post Has RBA slain the inflation dragon? appeared first on MacroBusiness.

Alan Kohler penned another article decrying Australia’s housing crisis, which he argues is driven by “lip service, hypocrisy, and an investment culture”. Kohler notes that the Albanese government’s target of building 1.2 million homes over five years is a “lost cause”. “The number of housing approvals has declined, not increased!”. “Since mid-2024, when the five

The post Australian housing is a misery machine appeared first on MacroBusiness.

According to George Bernard Shaw, the most popular method of distributing wealth is the method of the roulette table.

Even though I didn’t drive, I was still pretty worn out by the time I got back from the film festival panel on the weekend. Luckily, Jane had made chicken Provençal, which was a nice thing to come home to. She’d opened a bottle of Chardonnay for the recipe—Allendale, I think—so I had a glass with dinner. It was the first bottle of wine we’d opened in about six months. Anyway, it was nice. We ate, had a drink, and then I sort of drifted around, not doing much of anything.

Rise up people and fast. Tyrant Trump and his Musk-driven gangsters are launching a fascistic coup d’état. Much of everything you like about federal/civil service for your health, safety, and economic well-being and protections is being targeted.

AusNet seeks approval to spend $3.5bn on upgrading its network over a five-year period it says will bring "significant changes" to the electricity market.

New BNEF report expects the cost of clean power technologies to fall by between 2-11% in 2025, breaking last year’s record and sending batteries below major benchmark.

The unthinking tank of corruption, The Grattan Institute, has coughed up another beauty today. A growing number of Australian retirees risk falling into homelessness because they can’t afford to pay rent, said a new report aimed at lawmakers preparing to fight an election on housing and cost-of-living. The rising cost of rent, falling rates of

The post Grattan throws elderly onto streets appeared first on MacroBusiness.

According to Mark The Graph on Twitter (X), Australia’s betting markets have lurched strongly in favour of a Coalition win at the upcoming federal election. As of Saturday, before the latest Victorian by-election results, the betting market had Labor on $2.62 and the Coalition on $1.50. The probability of a Coalition election win had also

The post Betting markets firm for Coalition election win appeared first on MacroBusiness.