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.
China is out of deflation! This is voucherflation as Beijing did giveaways in travel and white goods. Food helped. The PPI is wall-to-wall weakness. Inflation numbers were also boosted by the earlier LNY and will be given back in February. Deflation in China is forever now.
The post Chinese deflation fixed! Not appeared first on MacroBusiness.
Justin Fabo from Antipodean Macro posted the following update on labour productivity across major advanced nations. As you can see, Australia has recorded zero labour productivity growth since 2016, the worst performance of the nations sampled. While the precise causes of the Australian economy’s productivity decline are debatable, I attribute four primary drivers. First, the
I had a Sunday gig at the Australian Film Institute’s AACTA Festival down at Surfers Paradise and decided I’d try the train rather than driving there and back. The train to the coast doesn’t really go to the coast. You don’t finish up at the beach but in the hinterland. Nerang in my case.
But thanks to the last election, the fare was only fifty cents, and there’s no road congestion to deal with so… I gave it a go.
It was… pretty good.
There is a marked immaturity in the reporting of opinion polls and other political developments in Australia at the moment. I see problems in two main categories.
First is the seemingly endless pursuit of uniquely Australian explanations for what are obviously global trends.
Elections are held for Tasmania’s upper house every year, usually in May. I’ve now finished my guide to the three races to be contested this year. Read the guide here.
Two to three seats are contested each year, with all 15 up for election over a six year cycle. So this year’s seats are those contested in 2019.
As usual, these seats are all a bit different. One seat is in the north-west of the state, while the other two are in the Hobart area.
I hate Victoria. It’s dull, has terrible weather, it’s up itself, and utterly fake left. The one thing it is not is an energy bludger. The East Coast gas cartel and its mates in the press have spent years blaming VIC for gas shortages, and it’s total bullshit. VIC has been the gas powerhouse of
The post Time to roll tanks over the gas cartel appeared first on MacroBusiness.
Friday night saw a slightly weaker than expected jobs print from the US – aka the NFP or non farm payrolls – that saw some USD weakness but not across the board while Wall Street slumped again making for a two week low due to tech stocks. Don’t mention Tesla… The Australian dollar is still
The post Macro Morning appeared first on MacroBusiness.
Goldman is still bullish DXY but not so bearish AUD. USD: Tariff-fried.We see three key takeaways from a frenzied week. First, the recent back and forth headlines have not altered our view that tariffs are coming and this will materially impact exchange rates. In fact, our economists now expect a larger increase in the effective
The post Major bank: Australian dollar bottomed appeared first on MacroBusiness.
The catastrophic conflict between Israel and the Palestinians (the present “ceasefire” notwithstanding) has done nothing to relieve the centuries-old contradictions that exist between and within our three monotheistic religions: Judaism, Islam and Christianity.
Why doesn’t God save the day? By Eric Hunter
https://www.youtube.com/watch?v=paNpI6zfnpM
Richard Wolff: The FALL of the US Empire–US Denial, Europe Burns, BRICS & China Rise
The catastrophe of the Ukraine War will leave a long trail of painful questions. Because this hubristic proxy confict has become such a pie-in-the-face fiasco for the West, there will be plenty of resistance to honest answers for a very long time.
Australia’s manufacturing sector has shrunk to just over 5% of GDP, the lowest share in the OECD. Late last month, federal Minister for Industry and Science Ed Husic spruiked Labor’s Future Made In Australia policy to boost local manufacturing. “In Labor’s first term in office, the policies have come thick and fast: the $15 billion
The post Australia has no manufacturing future appeared first on MacroBusiness.