Via The Australian: Donald Trump created “utter panic’’ among NATO allies — who have agreed to pay more, and on a quicker timeline — after he warned the US could withdraw from the organisation in January if other wealthy countries did not immediately increase their spending on defence to 2 per cent of gross domestic
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DXY was strong last night as EUR wilted. CNY gains added to risk appetite: AUD firmed a bit: As did gold: And oil: Plus base metals: And big miners: EM stocks were up: Junk too: Treasuries were sold and curve flattened: Bunds were bought: Stocks broke out led by the Nasdaq at all-time highs: So,
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DXY was strong last night as EUR wilted. CNY gains added to risk appetite: AUD firmed a bit: As did gold: And oil: Plus base metals: And big miners: EM stocks were up: Junk too: Treasuries were sold and curve flattened: Bunds were bought: Stocks broke out led by the Nasdaq at all-time highs: So,
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By Leith van Onselen Analyst Conrad Liveris has picked apart the ABS’ quarterly employment data and revealed that younger Australian’s are finding it incredibly difficult to gain secure employment. From BuzzFeed: Nine out of every ten jobs created for Australians under the age of 25 in the last year were part-time, according to research… While
The post Younger Aussies trashed by migrant visa rort appeared first on MacroBusiness.
From NAB’s quarterly property industry survey yesterday: -Survey-Q2-2018 NAB’s survey results have highlighted to a trend decline in foreign buying activity in recent quarters resulting from policy changes in China on foreign investment outflows and tighter restrictions on foreign property buyers in Australia. In Q2 2018, there were fewer foreign buyers in the market for
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By Leith van Onselen MB has frequently questioned the efficacy of Sydney’s WestConnex toll road and tunnel project – the $17 billion 33 kilometre motorway under construction that is more expensive per kilometre than the Chanel Tunnel. This hideously expensive project will see existing free public roads like the state-owned M4 (that have already been paid
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By Leith van Onselen This site has previously lamented the gradual denuding of Australia’s public service, which has been stripped raw by decades of government outsourcing, waves of senior redundancies, as well as a preference for governments to seek advice from paid consultants, erroneously named ‘think tanks’, and political staffers. The end result has been
The post The Treasury is about to become even more politicised appeared first on MacroBusiness.
By Leith van Onselen In the week ended 12 July 2018, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, declined another 0.11%: Values fell across all major markets except Adelaide: So far in 2018, home values have declined by 1.93%, with only Brisbane and Adelaide recording a value
The post CoreLogic weekly Australian house price update: more falls appeared first on MacroBusiness.
Yesterday on MB Fund Webinar, Good Defence is the Best Offence, David Llewellyn-Smith, Damien Klassen and Tim Fuller examined: Can volatility be viewed as a whole or a sum of many parts? Assessing the traditional safe havens: cash, bonds, gold, USD How stock selection can help insulate a portfolio in volatile times Tactics used at Nucleus
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Iron ore prices for July 12, 2018: Tianjin benchmark lifted 80 cents to $63.50. Paper was mixed overnight. Steel is nutso. The excuses being offered for the steel price run are very thin. Capacity cuts are largely irrelevant given the size of the glut. They simply suggest that underlying demand is still good enough to
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