Blogotariat

The Market Ear with the charts. Teflon tech NASDAQ getting overbought, but things can stay overbought for longer than most think possible, especially when the golden cross is in place… We outlined the melt up logic early this week and pointed out the fact investors are running way too little risk. Underexposure remains an issue

The post Into the blowoff appeared first on MacroBusiness.

NSW is making good progress expanding renewable energy but more needs to be done to address waste management, biodiversity loss and climate change.

Plans to install a big battery of up to 8,000 megawatt-hours as part of a wind and solar hub in the New England REZ have been cleared by the federal government.

As the risks of a downward glide path for elements of China’s industrial economy continues to become clear, the risks for Australia’s economy and in particular state and federal Treasury outlooks are becoming increasingly apparent. So far the hole left in China’s iron ore consumption left by the dramatic decline in the residential property sector

The post India cannot save Australia from China’s decline appeared first on MacroBusiness.

Global reflation ahoy! DXY down. AUD up. Lead boots up. Gold’s stall is signalling DXY may be running out of downside soon. Metals reflation. Miners up for a day. EM breaks out. Junk breaks out. Yields melting down. Stocks melting up. Buy all the things. Except DXY and European stocks, apparently. The market loved the

The post Australian dollar joins buy everything party appeared first on MacroBusiness.

There’s no greater example of the disconnect of stock markets with economic reality with Wall Street surging overnight to almost historic highs on the back of a worsening Q1 GDP print and signs that Q2 will show the number 1 economy is in a full recession. What is reflecting reality are currency markets with the

The post Macro Morning appeared first on MacroBusiness.

Credit ratings agency S&P notes that the combined budget deficits of Australia’s state and federal governments total $52 billion, while the net debt now exceeds 60% of the country’s GDP. This equates to a per capita deficit of $1,897 and a net debt of $45,183 per capita. Meanwhile, the combined net debt of the federal,

The post Australia’s finances and economy are unsustainable appeared first on MacroBusiness.

On this episode of The David Frum Show, David opens with a Memorial Day message about corruption and extortion in the Trump White House, including revelations about meme-coin pay-to-play schemes and foreign-financed golf courses.

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When the pandemic arrived on Australia’s shores in early 2020, housing was already unaffordable for a majority of households, as illustrated by falling homeownership rates and declining rates of household formation. But like the joke that a Russian family friend used to describe his nation’s history, the events that would unfold for Australia’s housing market

Two battery storage companies unveil plans for eight big projects in Spain, as the government, regulator and power companies trade accusations over cause of blackout.

Equity markets outside of Japan in Asia are dragging their feet despite a weaker USD with the Trump regime putting more pressure on Fed Chair Powell not helping. The USD is failing to clawback lost ground with Euro, Swiss Franc and Yuan all making new highs against the “King” as the absence of any real

The post Macro Afternoon appeared first on MacroBusiness.

Claims about the future of renewable gas will be tested in Federal Court after the competition regulator launched its biggest greenwashing lawsuit to date.