Just wrapped a five-hour shift uploading books to the various online stores, and lemme tell you—I am feeling it. It’s been a while since I’ve done a big indie publishing run, and tomorrow’s release is shaping up to be the biggest one yet.
Industry slams axing of $1 billion wind farm as “highly political,” as doubts raised over objections
The Market Ear with more. So little exuberance Positioning and sentiment remain muted across the board. Hedge fund leverage is at cycle lows, CTAs and systematics are neutral, and there’s over $7 trillion parked in money markets. With so little exuberance, it’s hard to get truly bearish from here. Let’s examine the latest positioning and
Here comes the bear doves, via The AFR: Tim Toohey was the local chief economist at Goldman Sachs for more than a decade. Now at major money manager Yarra Capital, Toohey said he expected five quarter-point rate cuts, to 2.6%, by August next year. Toohey said he had two reasons for this unorthodox position. First,
The post Toohey: Interest rates to crash appeared first on MacroBusiness.
I keep arguing that Australia’s transition to renewable energy will be incredibly expensive and drive up power bills. The reasons are straightforward. Renewable energy sources depend on weather conditions, which makes them intermittent and results in low load factors. As a result, renewables require backup hydrocarbon generation and loads of storage. They also need a lot
It is clear that the world wants to sell DXY. The problem is, there’s nothing else to buy. EUR might be it but its on the end of a tariff bashing. AUD follows EUR. Lead boots are growing wings. Gold, gold, gold! Metals picking up some DXY tailwind. Not miners. EM meh. Junk meh. Yields
The post Australian dollar an absolute mess appeared first on MacroBusiness.
With Wall Street closed for the long weekend, most risk markets reacted positively to the 180 degree spinning top EU tariffs by the Trump regime, with European shares taking back their Friday night losses. Meanwhile the broader selloff in USD continued Pound Sterling making a new yearly high while Euro, Loonie and Yen all consolidated
The post Macro Morning appeared first on MacroBusiness.
Keir Starmer’s attack on our planning system is an almost-perfect repeat of Boris Johnson’s disaster. Why can’t he see that?
By George Monbiot, published in the Guardian 15th May 2025
The precedent is uncanny, and the failure to learn from it downright mystifying. Keir Starmer is rushing gladly towards the catastrophe Boris Johnson inflicted on himself in 2020. Had he set out to stymie Labour’s chances of re-election, he couldn’t be doing it better.