Asian markets are generally steady following the weekend gap with traders absorbing the outcome of the Trump-Xi summit last week amid some other economy releases, not withstanding last week’s Fed meeting which saw a “cut and wait” approach as too much inflation and not enough job growth plagues the Trump regime. This has seen the
The post Macro Afternoon appeared first on MacroBusiness.
Slow day on the keyboard today because the house is full of tradies doing roof repairs. It’s an insurance claim, thank god, because it looks like a very, very spendy job. There’s at least a dozen guys, a crane, a shit ton of scaffolding and new roofing iron, new insulation, a new solar hot water system and… now… a new ceiling for my library after one of the roofers stepped through it.
Like many inquisitive kids, I was fascinated with dinosaurs and knew the names of lots of them. When I was employed, I’d commonly see kids as young as 5, who could tell their parents (and me) the names of dozens of dinosaur genera. When I was about the same age as them, I was given a book on dinosaurs from the How and Why Wonder Book series. This series was turned out in large numbers on many topics, of which I had a few, but the dinosaur volume was my favourite1.
The new Support at Home Program for older people is introducing a ‘free market’ transactional aged care system. It’s a retrograde step, Sarah Russell reports.
Under a series of agreements reached between the Australian and New Zealand governments, Kiwis can relocate to Australia and reside there indefinitely using the Special Category Visa (SCV). The SCV is automatically granted to New Zealanders upon admission, provided they meet character and health criteria. The SCV allows Kiwis to live, work, and study indefinitely
If a new Morgan Stanley study is any guide, it’s bad news all around for youth. The jobs they can do that are hostile to AI job displacement are the most toxic, most unpleasant, and most migrant-saturated imaginable. In short, your kid can plunge his/her hands into the abyss of the human mouth, handle flesh-eating
Recent data from CBA suggested that Australian households had lifted their spending in response to the Reserve Bank of Australia’s (RBA) three interest rate cuts and modest growth in household disposable income. However, the September quarter household spending indicator (HSI) from the Australian Bureau of Statistics (ABS), released on Monday, raised doubts over the strength
Is the gold boom turning to a bust, or is this only the first phase of a much bigger cycle? The bull case depends on why you own gold and how you choose to hold it. The “what” and “how” matter as much as the “whether.” Gold is a greater fool investment I’m going to start
The post Seven factors driving the gold price appeared first on MacroBusiness.
The managed decline of the Chinese economy continues as the property sector is hollowed out. Last year’s yawnulus didn’t touch the sides of the bottomless black hole. Coal consumption growth has completely stalled. Trade appears to be booming. But only if China is shipping more smaller and lighter items. The economy has been pancaked for
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