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The Aussie 10-year yield may be forming a head-and-shoulders top: The Aussie curve is still inverted in the belly suggesting endless per capita recession: I am bullish on duration in Australia because global forces will pull down yields. I am much less confident on the short end of the curve which is being elevated by

The post Bonds have more fun appeared first on MacroBusiness.

This has to become a problem soon. Lending has not grown in nearly eighteen months: Neither large nor small banks: The year-on-year says it all: In no cycle has bank debt fallen so far without triggering a recession. There is still market-based debt for larger corporations that can add to private-sector debt growth. But public

The post US economic landing dead ahead appeared first on MacroBusiness.

Last year, the Australian Housing Urban Research Institute (AHURI) released a report claiming that the $20 billion spent by Australia’s governments to ‘help’ first home buyers into the market has made housing affordability worse and increased inequality. “More than $20.5 billion (in $2021) was expended by Australian governments in stamp-duty concessions and cash grants (including

By James Moore   The 60th Anniversary of the Slaying of John Fitzgerald Kennedy “Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide.” – John Adams I remember that the day was typical for a Michigan November. A hard wind was blowing…

The post The Day Democracy Died appeared first on The AIM Network.

There are five elections scheduled for 2024 that I’m planning to write guides for, and today I’m ready to unveil the third one of them.

The ACT election will be held on October 18, just one week before Queensland.

The Assembly’s electorates have been redrawn, and I needed to wait for the redistribution to conclude prior to writing my guide. I analysed the draft boundaries here, and the final redistribution made no further changes.

The SMH reported in September that “Sydney’s running out of water” and that “the problem will get worse as climate change triggers more intense and frequent extreme weather, and our population booms”. “The problem is that to fill its dams, Sydney relies heavily on rainwater, which is then used for drinking water. But as these

The post Brace for a future of permanent water shortages appeared first on MacroBusiness.

House prices to hell: Housing sales to hell: Deficit holding but it’s not infrastructure growth: Steel market caput: Rebar to hell: Iron ore and steel prices to heaven! Lesson: apparent market balance is MUCH more critical than underlying balance in the short term. Xi has a new idea: Details of the social housing push are

The post Chinese property hellbound appeared first on MacroBusiness.

A much lower USD is supporting risk markets with Friday night seeing another surge across European shares while Wall Street eked out a small gain. The Australian dollar almost matched its previous monthly high at the 65 cent level as Euro broke out above the 1.09 handle. US bond markets saw short term yields lifting

The post Macro Morning appeared first on MacroBusiness.

Americans are looking for “something new” in the White House and are understandably worried about a 2024 presidential rematch between Donald Trump and Joe Biden due to the candidates’ advanced ages, former California governor Arnold Schwarzenegger has said.

In an interview with Politico, the Terminator movie-star said that, given the complexity of the problems the US is facing, the country needs “someone that has energy.”

Justin Fabo from Macquarie Group published the below chart last week on Twitter (X) showing that “housing prices appear to be rolling over in Canada and NZ (and possibly the UK)” But “growth in Australia is slowing but still solid”: CoreLogic’s daily dwelling values index continues to record around 0.8% monthly growth at the 5-city

The post Can Aussie house prices continue to defy gravity? appeared first on MacroBusiness.

War power NATO stretches its tentacles towards neutral Switzerland      by Dr iur. Marianne Wüthrich 

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