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Renew Economy Tuesday, April 2, 2024 - 15:26 Source
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Renew Economy Tuesday, April 2, 2024 - 15:26 Source
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Renew Economy Tuesday, April 2, 2024 - 15:23 Source
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MacroBusiness Tuesday, April 2, 2024 - 13:47 Source

Note from the best macro team in Australia, led by Gareth Aird, the CBA. March RBA Board Minutes confirm the evolution in the Bank’s policy bias The March Minutes are the most dovish piece of communication from the Board since the RBA commenced its tightening cycle in May 2022. The Board shifted to a neutral

The post RBA readies for rate cuts appeared first on MacroBusiness.

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Renew Economy Tuesday, April 2, 2024 - 13:44 Source
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MacroBusiness Tuesday, April 2, 2024 - 13:00 Source

Nothing new, of course, and a pleasure to behold as another Albanese Government lie is manifest. Australia’s manufacturing sector conditions deteriorated at the fastest pace since May 2020, according to the latest PMI® data from Judo Bank. Underpinning the latest downturn was an accelerated fall in new work inflows, which led to a reduction of

The post Aussie manufacturing goes out of buiness appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 2, 2024 - 12:30 Source

Of all the things you could do to your voter base, dehousing them is the most evil. Maslow’s hierarchy of needs is clear. Shelter and safety are the base of healthy human psychology upon which everything else rests. Nothing else is stable without them: The upending of this pyramid is where we are now as

The post The housing catastrophe is one man’s severe mental illness appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 2, 2024 - 12:00 Source

The Financial Times posted an interesting article questioning the official employment data coming from government statistical agencies across the developed world, which are understating the weakness of labour markets and giving false signals to central banks. “Employment figures are being closely watched by central bankers around the world as they try to work out when

The post Official employment data cannot be trusted appeared first on MacroBusiness.

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Renew Economy Tuesday, April 2, 2024 - 11:55 Source
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Renew Economy Tuesday, April 2, 2024 - 11:41 Source
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Renew Economy Tuesday, April 2, 2024 - 11:34 Source
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MacroBusiness Tuesday, April 2, 2024 - 11:30 Source

Australia recorded record population growth of 660,000 people in the year to September 2023, driven by record high net overseas migration of 549,000. In percentage growth terms, Australia’s annual population growth rate of 2.5% was the nation’s highest since 1952: Anybody living in Australia would be aware of the consequences, with the nation grappling with

The post Canada sounds economic alarm bells for Australia appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 2, 2024 - 11:00 Source

CoreLogic’s daily dwelling values index showed that home prices across the five major capital city markets have risen by 11.8% since bottoming on 29 January 2023, despite significant additional monetary tightening from the Reserve Bank of Australia (RBA): On Monday, PropTrack released its own dwelling values index, which showed that values across the combined capital

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Your Democracy Tuesday, April 2, 2024 - 10:41 Source

Global Economy Collapse: Banking Crisis Is Only Just Getting Started - Brian Rose & James Rickards

https://www.youtube.com/watch?v=2-zyrQwiQF0

 

MEANWHILE: AFTERWORD...

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MacroBusiness Tuesday, April 2, 2024 - 10:30 Source

Well, not the only one, but close enough: The Reserve Bank of Australia is expected to be the last major central bank to start cutting interest rates and economists predict the cash rate will remain on hold at least until November. A sizeable minority of economists say 2025 is more realistic for the first interest

The post The Kouk is the last sane economist standing appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 2, 2024 - 10:00 Source

The Market Ear with the latest positioning. NVDA – make or break The world’s most important stock is trading right on the steep trend line and the 21 day moving average. $900 is the short term must hold, or…. Refinitiv SPX does not care The gap between SPX and Fed reserves is getting rather wide…

The post Will the equities bull run face plant on oil? appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 2, 2024 - 09:30 Source

DXY is up and away with oil: AUD is down, down: Despite the bear’s party: No help from North Asia: Oil is threatening the entire rally. Gold is mad: Metals meh: Miners dead cat bounced: EM looks promising for no reason I can think of: Not sure what happened to junk. Looks like a gltich:

The post Australian dollar destroyed by artificial intelligence appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 2, 2024 - 09:00 Source

Risk markets continue to float higher as the latest ISM manufacturing print in the US came in stronger than expected, boosting the USD and bond yields across the curve. European stocks continued their surge higher with Asian equities expected to follow in today’s session. With the USD on a tear, the Australian dollar is still

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Tuesday, April 2, 2024 - 08:14 Source
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MacroBusiness Tuesday, April 2, 2024 - 07:51 Source

Over Easter, iron ore was smashed, then short-squeezed higher to remain virtually unchanged. Rebar prices are still falling: Dalian was a mess: This is now purely a trader’s market as fundamentals impose lower prices to high marginal cost curves punctuated by squeezes. The PMIs were out and firmed, but this is negative for iron ore given

The post Iron ore meteor hurtles towards doom appeared first on MacroBusiness.

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Your Democracy Tuesday, April 2, 2024 - 07:40 Source

The failure of Ukraine’s 2023 summer counteroffensive against Russia was “easily predictable,” according to US tech entrepreneur and venture capitalist David Sacks, who has suggested that the Washington elite should be held accountable for talking up the doomed operation. 

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Your Democracy Tuesday, April 2, 2024 - 06:40 Source

US President Joe Biden is facing an angry backlash from conservative and religious critics after he made his annual proclamation of March 31 as Transgender Visibility Day – a date which this year coincides with Easter Sunday.

According to the White House, the celebration is designed to “honor the extraordinary courage and contributions of transgender Americans and reaffirm our Nation’s commitment to forming a more perfect Union.”

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MacroBusiness Tuesday, April 2, 2024 - 00:19 Source

It is on its way to becoming a minor party anyway. Less than one in three people voted for it. So, let’s get on with it: The false advertising of “Labor” calling itself “laboyr” is becoming steadily apparent to all. The erasure of the “u” is not enough to justify the existence of a radical

The post Disband Labor appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 2, 2024 - 00:10 Source

Last month, the Australian Bureau of Statistics (ABS) released the official population data for the September quarter of 2023, revealing that Australia’s population increased by an astounding 660,000 people over the year, driven by a record net overseas migration (NOM) of 549,000. In percentage terms, Australia’s population increased by 2.5%, the fastest growth rate since

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Your Democracy Monday, April 1, 2024 - 23:04 Source

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The Australian Independent Media Network Monday, April 1, 2024 - 19:49 Source

Ok, I did consider giving this the heading: “Anyone who confuses correlation and causation will die!” However, that would have mean that the joke was so clearly telegraphed that only Donald Rump supporters would have missed it… Anyway, I’ve been reading a lot lately and I’ve come to the simple conclusion that Mark Twain was…

The post Anyone Who Votes For Peter Dutton Will Die! appeared first on The AIM Network.

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The Australian Independent Media Network Monday, April 1, 2024 - 16:29 Source

A hog-tied Joe Biden is depicted in a life-size decal on the tailgate of a pickup truck in an image Donald Trump posts on Truth Social, Good Friday. Cue howls of outrage. Clearly, The Donald wants to make himself centre of attention again, via a “dead cat on the tailgate” decoy, in case we dwell…

The post Murdoch’s monster Trump all trussed up and in for a wild ride. appeared first on The AIM Network.

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The Australian Independent Media Network Monday, April 1, 2024 - 16:26 Source

By James Moore   “Mr. Speaker, our Nation depends on immigrants’ labor, and I hope we can create an immigration system as dependable as they are.” – U.S. Cong. Luis Gutiérrez. Politics needs enemies to move constituencies. Fear doesn’t just sell, it motivates, and divides. The strategy for succeeding in American electoral politics has been, for…

The post Cracks in the American Mosaic appeared first on The AIM Network.

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Renew Economy Monday, April 1, 2024 - 16:15 Source
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Renew Economy Monday, April 1, 2024 - 16:01 Source
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