Via Credit Suisse: Iron ore supply deficit to China continues – steel demand accelerated. It is probably fair to say that almost every commodity analyst looking at the seaborne iron ore market over the last few years has calculated that the iron ore market is in over-supply and getting worse. But we have all been
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DXY was down last night: AUD up against DMs: Down against EMs: Gold firmed and is still at the verge of break out: Brent rose too as US inventories sink: Base metals were mixed: EM stocks soared to new highs: High yield is still dragging the chain: US yields fell: German too, Italy is suddenly
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By Chris Becker Impatience and uncertainty are creeping into markets with a volatile reaction to Trump’s NAFTA and government shutdown statements over is ridiculous Mexican wall last night. US stock markets retreated alongside the USD as a result, with bond yields falling even as rating agencies scratched their heads on the inability of the
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Given that’s what we’re doing, and screwing ourselves royally in the process, here’s some advice on how to do it properly. First, you set up a special economic zone where the normal rules do not apply. This should include lower taxes and no industrial relations laws. Put it somewhere out of the way of the
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Given that’s what we’re doing, and screwing ourselves royally in the process, here’s some advice on how to do it properly. First, you set up a special economic zone where the normal rules do not apply. This should include lower taxes and no industrial relations laws. Put it somewhere out of the way of the
The post How to run a cheap foreign labour economic model appeared first on MacroBusiness.
By Nathan Lynch of Thomson Reuters. By early 2015, Commonwealth Bank’s investment in the rollout of hundreds of intelligent deposit machines across Australia was paying off handsomely. The country’s largest financial institution was reporting bumper profits. The gradual automation of its teller services, via this new kit, along with the push towards 24/7 banking, was
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Via The Australian: Crossbench MP Bob Katter says he would be willing to switch his allegiance to Tony Abbott and support a government led by the former prime minister. A week after telling Malcolm Turnbull he could no longer rely on his support, Mr Katter said he wanted to meet with Mr Abbott in the
The post Katter nominates Abbott to succeed Turnbull appeared first on MacroBusiness.
The chances are that you read Macrobusiness for no-nonsense, unbiased insight into the most pertinent issues in today’s macroeconomic climate. So do over 120,000 other people around the world per month. Now you have a chance to meet the team in person, talk investments, hear first hand about how the popular blog was founded, how
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But only for the povoes: Melbourne’s relentless population growth is placing extreme stress on crucial early childhood and health-care services, with fringe growth suburbs bearing the brunt of the pain. Services such as new maternity hospitals, maternal-and-child-health centres and kindergartens in these areas are not being properly planned for, a report by the auditor-general has found. Some
Iron ore price charts for August 23, 2017: Tianjin benchmark fell $1.40 to $77.40. Paper firmed overnight. Steel fell sharply. From Reuters: Steel and iron ore futures in China fell about 4 percent on Wednesday as a selloff in steel dragged down prices of the steelmaking raw material, cutting short a rally that lifted iron
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