Blogotariat

The Market Ear says blowoff. NASDAQ – doing what it does best NASDAQ continues trading inside the perfect trend channel that has been in place since May, continuing to do what it does best: Consolidating, breaking above it, ripping higher. Buying the 50 day remains simple but profitable… Source: LSEG Workspace SPX loves it SPX

The post Blowoff or bust? appeared first on MacroBusiness.

Another gas reservation flag has gone up the pole today. The Albanese government is ­considering introducing an energy policy spanning the entire east coast that prioritises volumes of gas to the domestic market through a baseline credit system in a potential fix to ease fears of local supply shortfalls. Officials from the federal government have

The post Albo’s naked gas gambit appeared first on MacroBusiness.

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.

Late last week, The AFR published two articles by the same author on the same day that neatly encapsulated Australia’s housing farce. First, reporter Luke Kinsella noted that all states were falling short of their agreed National Housing Accord targets, which nationally “fell 66,000 homes short of the 240,000 required to keep pace with the

The post The great housing contradiction appeared first on MacroBusiness.

US Treasury Secretary Scott Bessent said on Sunday that he anticipates that China will revive substantial purchases of US soybeans for several years and will delay its expanded licensing regime for rare earths by a year and re-examine it.

Last week saw Australia’s housing minister, Clare O’Neil, launch a propaganda campaign to distract voters from Labor’s housing failures. First, O’Neil tweeted that Labor that “for the first time in a decade, new homes are being built faster”, and that Labor is making homes more affordable by building more of them. O’Neil’s propaganda came as

The post Labor’s ‘Big Australia’ is locked and loaded appeared first on MacroBusiness.

Independent candidate Catherine Connolly, a long-time advocate of Irish military neutrality and a critic of NATO’s expansion and EU militarization, has won Ireland’s presidential election in a landslide.

The ballot count was still underway when Connolly’s main rival, Heather Humphreys, conceded defeat after early tallies showed her trailing by a wide margin. Preliminary results put Connolly ahead by 63% to 29%.

By Lucinda Jerogin, Associate Economist at CBA: It was a quiet week in Australia with a dearth of data releases. News offshore was dominated by trade headlines as US-China tensions flared and subsequently cooled. The US Government shut down continued. Next week locally all eyes will be on the all-important quarterly CPI ahead of the

The post The economic week ahead appeared first on MacroBusiness.

Venezuela's President Nicolás Maduro has accused the US of "fabricating a new war", after it ordered the world's largest warship to be sent to the Caribbean.

The USS Gerald R Ford can carry up to 90 aircraft and its deployment marks a massive increase in US firepower in the region.

The first car I ever drove was my parents’ red and white EH Holden station wagon in which I started to learn to drive, with my father partly terrified in the front passenger’s seat. It had a radio which, when I could, was mostly tuned to whichever AM radio station played the music I liked (Beatles, Rolling Stones, and suchlike). My first car was a white second hand Mazda 1300 with whitewall tyres and rust in the bottom of all the doors. It had a very tinny radio (worse than that in the EH) but no cassette player.

In Asian media this week: Trump says he spoke to Modi but India denies call took place. Plus: Japan’s new coalition a shift to the right; Timor Leste finally gets seat at regional table; Life worse than death on Myanmar scam farm; Prabowo – control, populism and diminished accountability; Sri Lanka suffers from world’s worst plastics spill.

There was – or seemed to be – hope for peace for a brief moment. And how deceptive it turned out to be. I was among those cautiously optimistic when we were told just over a week ago that the presidents of Russia and the US, Vladimir Putin and Donald Trump, had a long and useful phone conversation and were planning to meet in person again.