This month, the Reserve Bank of Australia (RBA) decided to hold the official cash rate at 3.60%, citing resurgent inflation risks. The RBA’s statement alongside its decision noted that “the decline in underlying inflation has slowed”, with “recent data, while partial and volatile, suggest[ing] that inflation in the September quarter may be higher than expected
An MB reader has sent this excellent proposal for resolving the East Coast gas crisis by shutting down GLNG without creating sovereign risk. There’s a possible win/win/win scenario that could be negotiated Suitors for GLNG take a look at the books and run—I think the contingency liability not currently sitting on the Santos balance sheet
Wall Street is trying to continue its rebound from its Friday night slump while navigating a speech by Fed Chair Powell as other risk markets are still expecting another TACO trade setup when the Fat House eventually capitulates. Meanwhile the USD was unable to continue its nascent lift with most of the majors returning to
The post Macro Morning appeared first on MacroBusiness.
DXY is hovering. AUD dumped and pumped on tariff headlines. CNY has rolled. Gold to heaven, oil to hell. Metals turned casinos. RIO is breaking out of the big bear on the debasement trade. If it mined gold, I might agree. It doesn’t. EM dubious. Junk trying at the centre , not so much the
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New research from investment bank Goldman Sachs affirms, as progressive advocates and economists warned, that US consumers are bearing the brunt of President Donald Trump’s trade wars.
The latest batch of rental data from Cotality and SQM Research suggests that Australia’s rental market has tightened. As illustrated below by Justin Fabo from Antipodean Macro, Cotality reported a capital city vacancy rate of 1.5% in September, which was 0.4% lower than a year ago and the lowest vacancy rate on record: The number
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Share this video! Please! Well, the time has come folks. On Thursday I’ll be launching a video series that’s been over two years in the making. I could have written a book, but I made 20 short videos instead. Conner … Continue reading →
This piece began as a lengthy comment responding to Ken Parish’s post on my proposal for a third ‘people’s chamber’ chosen by lottery. I posted it on Substack a few weeks ago, but thought it might be a worthwhile post … Continue reading →
Vice President JD Vance sparked alarm on Sunday when he said that President Donald Trump was considering invoking the Insurrection Act under the pretenses of combating violent crime in US cities.
Asian share markets are still stumbling following some potential progress on the rare earth US-China trade war while local economic releases and the latest RBA minutes are not really supporting more rate cuts for now. Despite this the Australian dollar fell back again to its Friday night lows as the USD lifted against most of
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