OMG. The economists are panicking. “Interest rate cuts are off the table,” Mr Bloxham said. “The problem is that productivity is so weak that supply is constrained. So as input costs such as labour and energy rise there is no equal increase in output.” UBS economist George Tharenou said the underlying inflation rate would overshoot
The first expansion of parliament was passed in 1948, and came into force at the 1949 election. It was also the largest increase we’ve seen, either proportionally or in raw numbers. The House and Senate were each expanded by two thirds – the House grew from 74 to 121, while the Senate grew from 36 to 60.
This blog post follows the model of my previous analysis of the 1984 parliamentary expansion, and will likewise be the first of two parts.
The Market Ear kicks us off. The charts you need to know Here are a collection of the latest charts on sentiment and positioning from Morgan Stanley, Goldman, Deutsche, BofA, ISI, JP Morgan and more. NVDA’s GPT 3-year anniversary celebration NVDA celebrates upcoming 3 year anniversary of ChatGPT with a close to 1000% return… “….as
The post What next for the bubble? appeared first on MacroBusiness.
Like other advanced nations, Australia is facing pressures from an ageing population. The federal government has tried to mitigate these ageing pressures by running a high immigration policy to mitigate labour shortages and increase the number of taxpayers. Former senior immigration department bureaucrat Abul Rizvi believes that Australia’s annual net overseas migration will average 300,000
DXY faded Friday night. AUD bounced. CNY too. Oil and gold sideways. AI metals stalled. Big miners trying. EM ouch. Junk OK. Yield eased. Stocks dump and pump. It’s all about the government shutdown now. Scott Bessent, US Treasury Secretary, is on the hustings saying growth might halve in Q4 and prices fall away.
The post Australian dollar lifts as tariff gifts rain appeared first on MacroBusiness.
Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.
RACHEL MADDOW HAS A FIT, DISGORGING EMOTIONAL REACTIONS TO THE WAY RUSSIA IS TRYING TO DESTROY KIEV — EXCEPT RUSSIA IS NOT TRYING TO... RUSSIA WANTS TO MAKE A DEAL THAT PREVENTS THE WEST AND THE NAZIS IN YUCKRAINE FROM DESTROYING THE RUSSIAN CULTURE AND THE RUSSIAN PEOPLE THAT HAVE BEEN PART OF UKRAINE FOR A LONG TIME.
No jobs report for you! So that’s two months of non-existent unemployment data from the US due to the Republicans shutting down their own government so markets are unable to navigate or pivot on the non-farm payroll data and instead wonder at what is going on “under the hood” of the world’s largest economy (for
The post Macro Morning appeared first on MacroBusiness.
The Albanese government’s fantastical target of building 1.2 million dwellings over five years, or 240,000 homes a year, is based on delivering another boom in high-rise apartment towers, even greater than the one experienced between 2015 and 2020. To meet the federal government’s lofty housing construction target, Australia would need to build more homes than
https://www.youtube.com/watch?v=rb3TMw5FGUQ
Nexperia Crisis Ends in Humiliation for The Hague - China Wins, Netherlands Folds
New York City Mayor-elect Zohran Mamdani is viewed as a potential “partner” by the Communist Party of Russia (KPRF), its deputy chairman has said.
Speaking to Kommersant on Thursday, MP Leonid Kalashnikov said Mamdani’s proposals to increase taxes on the wealthy closely resemble policies advocated by the party.
Russia has no intention of violating its obligations under international agreements banning nuclear tests, but will resume testing if other countries do, Kremlin spokesman Dmitry Peskov has said.
Europe’s NATO member states should brace for a lasting rupture with Moscow, Swedish Prime Minister Ulf Kristersson has said, urging them to focus on supporting Kiev.
The Western nations have introduced multiple rounds of sanctions in an effort to economically isolate Russia since the escalation of the Ukraine conflict in February 2022.