Global Macro / Markets / Investing: Premarket Stocks: Why Amazon is The ‘Perfect’ Money Making Machine – Asset Investo Amazon: new evidence of anti-competitive practice – Swacash Widespread Commodity Shortages Raise Inflation Fears – NY Times Gold prices end higher, notch best weekly gain of the year – MSN Americas: America’s Wealth Gap is Much
The post Weekend Reading: 8-9 May 2021 appeared first on MacroBusiness.
A fairly staid finish to the trading week here in Asia with a truncated session for mainland Chinese and Japanese markets equating to a bit of catch up and not much else, with the former retracing significantly. The USD is trying to firm here going into tonights unemployment print while gold is trying to build
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In June 2019, Sydney’s 132-apartment Mascot Tower was evacuated after large cracks were discovered. Fresh cracks then appeared in February 2020, prompting authorities to close shops and set up an exclusion zone around the building. Nearly two years on and 132 families remain locked out of their apartments with many lumped with crippling debts. Today,
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The Federal Chamber of Automotive Industries (FCAI) is pressuring the federal government to replace Australia’s convoluted vehicle registration, stamp duty, licence fees and fuel excise system with a single road-user charge that taxes drivers for every kilometre they drive: “An efficient road-user charging scheme can address all vehicle users regardless of the type of vehicle
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RBA Governor Phil Lowe last year endorsed Treasurer Josh Frydenberg’s proposal to axe responsible lending rules, telling the Standing Committee on Economics that Australian mortgage restrictions had become too strict and were constraining the economy: “We can’t have a world in which, if a borrower can’t repay the loan, it’s always the bank’s fault. On a
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The Reserve Bank of Australia (RBA) has released its Statement on Monetary Policy, which explicitly notes that Australia will face “wage pressures” if the international border remains closed to migrants: The effects on labour supply have been observed mainly in some labour supply shortages in the industries that typically employ a larger share of migrants…
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Despite the resurgent virus in developing economies, developed countries are making solid vaccine strides, via Goldman: Vaccinations outperformed our forecasts across all DMs in April apart from theUS. Supply will accelerate further in May, largely thanks to Pfizer-BioNTech, but also increasing capacity from other producers, and Novavax approval in the UK. The daily pace of
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Some stock markets are at all-time highs, but beneath the bonnet, there is also a vast bust going on owing to what strategists call “factor rotations”. The key rotation for the past few months has been a gallop out of growth stocks and into value. This is driven by rising inflation expectations and yields which
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The Reserve Bank of Australia’s (RBA) deputy governor, Guy Debelle, gave a speech last night whereby he said the central bank is aware of concerns in the community regarding rising house prices. However, Debelle expressed the view that monetary policy is not one of the ‘tools’ that should be used to address the issue. He
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Stephen Koukoulas (“The Kouk”) is the latest in a growing list of economists to acknowledge that the closure of Australia’s international border to migrants will soon generate enough labour market tightness to drive decent wage growth: It’s good news for the economy – Australia is entering a period of accelerating wages growth… A hectic schedule
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