Blogotariat

As they should say and don’t, history doesn’t repeat, but it sure does repeat. Why is China trying to combat a real estate crash with higher interest rates? China’s central bank is readying a bold new experiment in global monetary policy — taking a leaf out of the hedge fund playbook and arranging to short

The post China makes all the same mistakes as Japan appeared first on MacroBusiness.

Shanghai rebar is howling that the FE complex is in deep trouble as it takes out seven-year critical support on the monthly chart: The trigger yesterday was a meek Third Plenum statement: At the session, an analysis of the present situation and the tasks we face was conducted. It was highlighted that we must remain

The post Iron ore and steel turn falling comet appeared first on MacroBusiness.

The digital twin software can calculate how billions of rays of light – including light reflected off the ground – will affect solar panel output.

AMP chief economist Shane Oliver posted a series of charts on Twitter (X) suggesting that Australia’s labour market is not as rock-solid as Thursday’s official June labour force survey from the ABS suggested. Oliver noted that the June quarter NAB business survey showed a further fall in hiring plans: This followed the monthly NAB business

The post Australia’s job market detaches from economy appeared first on MacroBusiness.

More political and macro volatility overnight as the ECB meeting came and went with no change while the odds of President Biden stepping down increase. Wall Street pulled back further alongise European stocks although the latter had some relief as Euro pulled back as USD captured the safe haven bid. Volatility is increasing across all

The post Macro Morning appeared first on MacroBusiness.

Joe Biden has accused Elon Musk “and his rich buddies” of trying to “buy” the US presidential election, following claims that the billionaire is planning to make major contributions to a group that supports Republican frontrunner Donald Trump.

DXY rebounded last night: AUD fell: North Asia too: Oil and gold eased: The copper bubble burst: Miners retest on deck: EM too: Junk is fine, suggesting a run of the mill correction for overheated risk: Yields popped: Stocks dropped: Commodities were puked, and why not? China’s Third Plenum was all quality and no quantity

The post Australian dollar burned in commodity bonfire appeared first on MacroBusiness.

Wednesday’s dwelling construction data from the Australian Bureau of Statistics (ABS) was an unmitigated disaster and showed that the nation’s housing shortage continues to worsen. Only 171,667 dwellings were completed in the year to March, roughly 78,000 below the Albanese government’s annual 240,000 construction target. The forward-looking construction indicators were even worse. There were only

The nation’s dentists have slated as a wasted opportunity the Government’s failure to properly consider funding dental services for Australia’s most vulnerable populations. The Government today (July 18) released its response to the Inquiry into Senate Select Committee into the Provision of and Access to Dental Services in Australia, held last year, which made 35…

Another mixed session on Asian markets with the pullback on Wall Street overnight upsetting most equity markets while the sharp appreciation in Yen and local unemployment figures helped muddy the currency waters. European and US stock futures are quite flat as we head into the London session while the USD is being pushed around again

The post Macro Afternoon appeared first on MacroBusiness.

CEFC's Grace Tam on how green finance can turbo charge household electrification – and why access to service providers and information is just as important.

By Dale Webster   IT is impossible to pinpoint an exact time when Australia’s big four banks turned on their regional customer base but May 24, 2024 will be remembered as the day the party ended – and they have no one to blame but themselves. After 15 months, 13 hearings and more than 600 submissions,…

The post A win for the people as Australia’s big banks finally go too far appeared first on The AIM Network.

New Zealand’s Q2 Consumer Price Index (CPI) was released on Wednesday. Inflation was lower than expected in the June quarter, with consumer prices rising by 0.4%. That saw the annual inflation rate slow to 3.3% (down from 4.0% in the year to March). The print was below the Reserve Bank’s forecast of 0.6% QoQ: Lower

The post Reserve Bank cleared to cut interest rates appeared first on MacroBusiness.