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Articles from MacroBusiness

The greatest iron ore crash in the galaxy has begun

March 30, 2024 - 11:36 -- Admin

Let’s start with the cause: One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis shows no signs of easing. Country Garden Holdings Co., once the nation’s top residential builder by sales, made a surprise announcement late Thursday that it will miss

Sydney’s housing crisis is unfixable

March 30, 2024 - 00:10 -- Admin

In this week’s Treasury of Common Sense with Mike Jeffreys from Radio 2GB, I ran through the latest annual capital city population data from the ABS and what it means for Sydney, especially the housing market. I explained why supply-side solutions to Sydney’s housing crisis won’t work as long as the federal government continues to

Reserve Bank poised to slash inflation forecast

March 29, 2024 - 08:00 -- Admin

National treasuries and central banks usually move in lockstep on economic forecasts following consultation and coordination. On Wednesday, New Zealand Finance Minister Nicola Willis unveiled the Treasury’s half-yearly update, which slashed the nation’s growth forecast to only 0.1% for 2023-24, from 1.5% in the prior half-year update. This follows New Zealand’s Q4 GDP unexpectedly falling,

Canada issues recession warning to Australia

March 29, 2024 - 07:00 -- Admin

No country has botched up its immigration policy more than Canada. The employment, housing, infrastructure, and healthcare systems are all in disarray. Canada’s population expanded by more than 1.2 million people last year, owing to record net overseas migration: This population surge has resulted in a severe housing shortage across Canada: Housing starts have fallen

Macro Afternoon

March 28, 2024 - 17:00 -- Admin

Asian share markets are still in mixed conditions without any large economic catalysts and some lower volumes going into the Easter break. Last night’s solid lead from Wall Street has helped local stocks as the USD and bond yields continue their see-saw inversion. The still relatively high USD continues to weigh on the Australian dollar