Blogotariat

Most Asian share markets are mixed despite a solid lead from Wall Street overnight, with local stocks taking back their recent losses despite the constant bullying from the Trump regime’s tariffs on pharmaceuticals. There’s more tariff announcements and letter printing on the way, but of course we still await the TACO trade. Oil markets are

The post Macro Afternoon appeared first on MacroBusiness.

This is why. The Guardian. The West Australian Labor premier, Roger Cook, has encouraged his federal counterparts to consider a gas reserve on the east coast as it mulls a regulatory overhaul to shore up supply and contain prices. Cook said WA’s gas reservation policy, which requires offshore producers set aside 15% of supplies for

The post Energy superidiot on course for Gasmageddon appeared first on MacroBusiness.

The Reserve Bank of New Zealand paused following the RBA this week. The decision was expected. ANZ sees it as temporary. Our view on today’s decision was that the recent soft data justified another 25bp OCR cut, but that lingering concerns about upside inflation risks would on balance see the Committee decide to hold the

The post Reserve Bank to resume cutting interest rates appeared first on MacroBusiness.

Ferrous markets are hoping against hope! Nomura has a great assessment of the Chinese economy. It seems like “déjà vu all over again” for China’s economy. During the past few years, we have observed first halves associated with optimistic expectations for a sustained stock market boom, a decent growth recovery, an end to the property

The post Iron ore enters the dragon’s den appeared first on MacroBusiness.

Tesla has finally, sort of, launched driverless cars. Waymo is doing 250,000 trips per week. Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen look at the big picture for driverless cars and what they mean for investors. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos.

The post MB Fund Podcast: Are Driverless Cars Finally Ready? appeared first on MacroBusiness.

With heaps of renewable energy potential and – and not enough transmission to move it – it's a sin to waste the Riverina's data centre potential.

With two in five registered lobbyists having once worked in politics, a new report says the federal government's rules for regulating fossil fuel lobbying need urgent reform.

What a goose Albo is. He’s put Rudd in Washington to torpedo ANZUS and then used that as an excuse to cuddle up to Beijing. But the bill is coming due. A Trump administration review of the $368 billion AUKUS pact could see the US demand Australia pay more for submarines, The Sydney Morning Herald

The post As Albo grovels in Beijing, Washington sends the bill appeared first on MacroBusiness.

This is the ship of fools that nearly cut rates 50bps in May, then didn’t cut at all in the following meeting despite an economy that had clearly deteriorated. Chair Michele Bullock is not a macroeconomist. Deputy chair Andrew Hauser is a macroeconomist Marnie Baker AM is not a macroeconomist. Renée Fry-McKibbin is a macroeconomist.

The post The RBA Board’s ship of unqualified fools appeared first on MacroBusiness.

DXY is trying to rally. AUD has flamed out despite RBA’s inept monetary policy. Lead boots are going downhill again. Gold is shaky, oil stupid. The copper chaos intensifies. Miners meh. EM meh. Junk up. With yields down. A stalled EUR is rescuing stocks. UBS captures the moment. British pop group Bucks Fizz gained international

The post Australian dollar run over as Bullock drives backwards appeared first on MacroBusiness.

"Dulce et decorum est pro patria mori'*

Is all very well, but I think that before I

Would try it, I'd rather the maxim were amended

Thus-'Patriots are more useful living than when dead.'

Australia is facing the prospect of a Trump administration review demanding it pay more for submarines under the $368 billion AUKUS pact and guarantee the boats support the US in a conflict over Taiwan.

Sources familiar with the review by Trump’s Undersecretary of Defence, Elbridge Colby, believe he intends to urge major changes to the program before Australia can get the nuclear submarines it has been promised.