Cheeseburger Gothic
Friday, May 2, 2025 - 11:51
Source
I’m in Sydney today and over the weekend. I’m supposed to be staying at the Novotel, but there are about 87 Novotels in Sydney, including a City Centre Novotel and a Central Sydney Novotel (which is actually in Haymarket). Currently sliding between alternate Novotel’s, and feeling as though I am in danger of losing contact with my alpha site universe. |
MacroBusiness
Friday, May 2, 2025 - 11:30
Source
The ABC this week published an article explaining how the Australian Greens have rebranded into the “party of renters”. The ABC noted that Greens leader Adam Bandt has been appearing at press conferences wearing a T-shirt saying “FIGHTING FOR RENTERS” and the party’s top priority this election is fighting for renters rights. “We’ve got people The post The Greens hoodwink Australian renters appeared first on MacroBusiness. |
MacroBusiness
Friday, May 2, 2025 - 11:00
Source
Proponents of mass immigration claim that it improves living standards by increasing productivity and ameliorating the aging of the population. For example, modelling by McDonald and Temple in 2010 claimed that an annual migration intake between 160,000 and 220,000 is best for Australia and would increase GDP per capita by 12% more in 2053 versus The post Does immigration improve living standards? appeared first on MacroBusiness. |
MacroBusiness
Friday, May 2, 2025 - 10:30
Source
Short squeeze on deck. The Market Ear. Nasty McElligott sums it up well. This is the scenario nobody (few) wanted: “…positioning and leverage exposure de-risked, Macro-Bearish and underweighted the “Mag8” U.S. Equities in general vs R.O.W. …but now suddenly, it’s MegaCap Tech Secular Growth which is awkwardly then leading to the Upside , in a The post Short squeeze on deck appeared first on MacroBusiness. |
MacroBusiness
Friday, May 2, 2025 - 10:00
Source
CoreLogic’s snapshot of housing affordability across Australia showed that the percentage of gross annual household income required to service the median rent hit a record high of 32.9% at the end of December 2024: In a similar vein, PropTrack’s latest rental affordability report showed that Australian households at the end of 2024 could afford to rent The post One chart sums up Australia’s rental crisis appeared first on MacroBusiness. |
xkcd.com
Friday, May 2, 2025 - 10:00
Source
|
MacroBusiness
Friday, May 2, 2025 - 09:30
Source
DXY is looking for a short squeeze. AUD is holding so far. Lead boots are Ok. Oil is a favour to all. Metals say no to growth. Big miners = big bear. EM yawn. Junk says no to growth. Warning! The curve flattened. Stocks partying on VIX compression. Which is driving the DXY bid. Oversold! The post Australian dollar jaws tear investors apart appeared first on MacroBusiness. |
The Tally Room
Friday, May 2, 2025 - 09:30
Source
I don’t have another idea for today’s blog post, so why don’t we use this as a thread for everyone to make their final predictions. |
MacroBusiness
Friday, May 2, 2025 - 09:00
Source
The Trump regime continues to goose the stock market with non-existent reports of trade deals with “hundreds of countries” while the economic reality continues to set in as the latest initial jobless claims spiked while the ISM manufacturing survey went into contraction territory. Trump may need to up his Macca’s order as well as the The post Macro Morning appeared first on MacroBusiness. |
MacroBusiness
Friday, May 2, 2025 - 08:00
Source
The narrative that renewables are cheaper than baseload power is a myth. Building an intermittent renewable electricity system will be incredibly expensive and inevitably increase power bills. The global empirical evidence is clear: the higher the share of renewables in an energy system, the higher the electricity cost: The reasons should be obvious. Renewables have low The post Why renewables will increase energy costs appeared first on MacroBusiness. |
Labor set for return, with help of Trump and Musk, but it needs dose of colour from Teals and Greens |
Renew Economy
Friday, May 2, 2025 - 07:42
Source
|
MacroBusiness
Friday, May 2, 2025 - 00:05
Source
The total value of Australia’s housing stock was $11.3 trillion as of March 31, 2025, according to CoreLogic, with the average home worth exactly $1 million. The surge in average home values to $1 million has notionally made Australians some of the wealthiest people on earth. For example, the UBS Global Wealth Report ranked Australian The post Australia’s housing bubble impoverishes nation appeared first on MacroBusiness. |
Renew Economy
Thursday, May 1, 2025 - 18:09
Source
|
MacroBusiness
Thursday, May 1, 2025 - 17:00
Source
Risk markets are still running on hopium as US officials admit there’s no talking going on whatsoever with China (who are having a week long holiday anyway – call back later Donny!) while the Bank of Japan held fire in today’s meeting which sent Yen selling off and stocks lifting higher. The latest trade data The post Macro Afternoon appeared first on MacroBusiness. |
Renew Economy
Thursday, May 1, 2025 - 14:31
Source
|
Renew Economy
Thursday, May 1, 2025 - 14:27
Source
|
Renew Economy
Thursday, May 1, 2025 - 14:26
Source
|
Renew Economy
Thursday, May 1, 2025 - 13:48
Source
|
Renew Economy
Thursday, May 1, 2025 - 13:02
Source
|
MacroBusiness
Thursday, May 1, 2025 - 13:00
Source
Commerzebank with the note. Manufacturing PMIs showed initial damage The official manufacturing PMI fell to contraction territory at 49.0 in April from 50.5 in March, the lowest since December 2023 (Chart 1). The decline was due to a drop in production and new orders which both fell into contraction territory. In particular, new export orders The post Tariff shock begins in China appeared first on MacroBusiness. |
MacroBusiness
Thursday, May 1, 2025 - 12:30
Source
Professor Peter McDonald is Australia’s leading flip-flopper on immigration (for example, see here, here and here). In 1999, Peter McDonald co-authored a parliamentary research paper, which concluded that it is “demographic nonsense to believe that immigration can help to keep our population young”, claimed that “levels of annual net migration above 80,000 become increasingly ineffective |
MacroBusiness
Thursday, May 1, 2025 - 12:05
Source
Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, and Chief Economist Leith van Onselen as they examine the economic impacts of Dutton vs Albanese vs a hung parliament. Do you need to position your portfolio ahead of the election? Can’t make it to the live series? Catch up on the The post MB Fund Podcast: Election-Proofing Your Investment Portfolio appeared first on MacroBusiness. |
MacroBusiness
Thursday, May 1, 2025 - 12:00
Source
Ferrous complex no bueno. Strangely, the indicators are going the other way, with the steel PMI firming. And other marginal indicators like steel order books doing OK too. Goldman. Commentary on 2025 sales stabilization is becoming more prevalent, albeit divergent across players: (i)A key pillar of the steel structure sector order growth turning positive in The post Iron ore no beuno appeared first on MacroBusiness. |
Renew Economy
Thursday, May 1, 2025 - 11:53
Source
|
MacroBusiness
Thursday, May 1, 2025 - 11:30
Source
Billionaire Meriton founder ‘Highrise’ Harry Triguboff is the master of manipulation. For decades, Triguboff has persuaded politicians to implement policies favourable to his financial interests, including mass immigration. The interview below from 2006 illustrates this point, with Triguboff arguing that Sydney’s population needed to reach 20 million by 2050, with Australia’s population at 150 million. |
The Tally Room
Thursday, May 1, 2025 - 11:09
Source
Primary votes for major parties have hit a record low, and they may break that record this weekend. There are also more crossbenchers in the House of Representatives than ever before, with numerous other credible candidates threatening to produce an even larger crossbench in the new parliament. Certainly there is a lot of talk about a hung parliament. But it would be wrong to assume that we have seen the last majority government, or that multi-party majorities in the House will be our universal experience. |
MacroBusiness
Thursday, May 1, 2025 - 10:30
Source
The Market Ear on the rally. Not too bad The 6 day SPX streak has actually been rather impressive. As John Flood writes: “Since 1970, S&P 500 up 6 days in a row with returns of over 7% has only happened 12 times. Post yesterday’s close we locked in # 13. We are due for a The post Rallying on fumes appeared first on MacroBusiness. |
MacroBusiness
Thursday, May 1, 2025 - 10:00
Source
The latest State of the Land Report 2025 from the Urban Development Institute of Australia (UDIA) forecasts that the nation’s housing crisis will worsen as demand from population growth (immigration) continues to outrun housing construction: UDIA’s long-run analysis of national population and dwelling growth highlights a serious divergence in new dwelling supply not keeping pace |
MacroBusiness
Thursday, May 1, 2025 - 09:30
Source
The US share markets were mixed on Wednesday after data showed the US economy contracted in the March quarter for the first time in three years. The decrease underscored concerns about the impact of US tariffs and the global trade war on growth. The Dow Jones index rose by 142 points, or 0.4%, and the The post Australian dollar bunkers down appeared first on MacroBusiness. |