Virtually all infrastructure experts opposed the Victorian government’s Suburban Rail Loop (SRL) because the cost was prohibitively high, the project lacked a business case, failed any objective cost-benefit analysis, and would not generate enough customer demand. For example, Victoria’s Parliamentary Budget Office (PBO) conducted a cost-benefit analysis and discovered that the SRL East and North
The Market Ear leads us off. Delicate levels NASDAQ is trading right on the 50-day moving average. Friday saw a huge doji candle, indicating nobody is in control. Let’s see how this develops from here, but the longer-term trend line is a must-hold. Source: LSEG Workspace Relative tech stress VXN – VIX spread has shot
The post AI bubble quivers again appeared first on MacroBusiness.
With the release of the latest polling RedBridge, it was revealed that Labor now hold 51% of the votes of Gen Z, followed by the Greens with 24% of the vote. This compares with Labor securing 40.3% of the Gen Z vote at the ballot box at May’s federal election, with 27.2% for the Coalition
The post The coming war within the LNP appeared first on MacroBusiness.
Australia’s labour market has been gradually softening over the past year. This softening is evident in the gradual rise in Australia’s unemployment rate: As illustrated below by AMP chief economist Shane Oliver, the various measures of job openings have also weakened: Alex Joiner, chief economist at IFM Investors has published an interesting set of charts
This is ridiculous in every way. In his first public interview on the issue, Australia Pacific LNG chief executive Dan Clark told The Australian that the east coast market’s chronic pressures cannot be solved with the series of band-aid solutions that have been applied over recent years. The call comes as the federal government prepares
Its been a very cautious start to the trading week with more selling but not quite dumping on Wall Street overnight with a parallel selloff in Bitcoin not helping. The run back to USD continues even though without any key economic indicators being published by the Trump regime in the last two months, this looks
The post Macro Morning appeared first on MacroBusiness.
Deals for supplying fighter jets to Ukraine remain promises, not firm contracts. Nevertheless, they draw France and Sweden deeper into the conflict with Russia.
LYUBA LULKOEmpty Fighter Jet Deals: Europe’s Unrealistic Pledges to Ukraine Exposed
Swiss executives gave luxury gifts for US President Donald Trump shortly before Bern and Washington announced a new trade deal that reduces the steep US import tariffs, according to media reports.
DXY is back. AUD is sitting on big support. CNY serene. Gold no bueno. AI metals likewise. Miners fade. EM too. Junk sitting on big support, too. Yields down a smidge. Stocks no bueno. There was not much overnight to explain the strong DXY, other than traditional risk off. That the failure of risk sentiment
The post Australian dollar bashed by bursting bubble appeared first on MacroBusiness.
Somewhere around 2085, give or take a few years, the last baby boomer will die. But their story is not, in the end, a story about age.
Government ministers from around the world are preparing for a final few fraught days of talks at the UN climate summit as they bid to secure a deal that demonstrates global resolve amid increasing assertiveness from developing nations.