There’s not much very encouraging going on for ferrous. Chinese markets reopned, popped and dropped. Steel is at news lows. SGX was the outlier. SMM tells of a weak market as the most-traded contract, I2605, closed at 740.5 yuan/mt, which is 1.79% lower than the previous trading day. This means that DCE iron ore continued
The issue of economic management has often been a hotly contested topic in the battles and debates that define Australian federal politics. For many Australians who follow federal politics, the phrase “superior economic management” is all but burned into our collective memories. But the simple reality is that both sides have done a poor job
The Australian newspaper has used the Parliamentary Budget Office’s (PBO) budget tool to attack One Nation’s proposal to cap visas at 130,000 a year and aim for net-zero immigration. The analysis claims that a net-zero migration policy could reduce federal government revenue by about $100 billion over the next decade, including nearly $80 billion in
Tonight I will be appearing on DFA Live with Martin North from 8.00pm AEST, where we will discuss everything to do with the housing market and economy. The YouTube feed is below. I hope to see you there.
The post Join me tonight on DFA Live with Martin North appeared first on MacroBusiness.
Chinese markets are open again, and dirt is flying. This is a typical post-Lunar New Year bounce, yet I am opting to look through it this year to the June seasonal headwind because the market remains fundamentally weak. Witness China bullying around iron ore price assessments. Chinese central desk buyer CMRG has pushed several major
Independent economist Tony Alexander argues in a new report that New Zealand’s three-decade, investor-driven house price boom is over. Average house price growth has structurally slowed, investor participation has fallen, and the psychological “must buy now” pressure that dominated since the mid‑1990s has dissipated. Alexander believes that housing will still rise over time, but at
The push to restore the new LNP leadership team has begun in the conservative press with open propaganda. One Nation’s plan for “net zero” migration could blow out Australia’s debt by almost $420bn over the next 10 years, while barely making a dent in the nation’s welfare bill over the same period, bringing into question
Since the COVID-19 lockdowns began in Australia in March 2020, housing prices in the country’s largest cities have grown at dramatically different rates. As shown below using PropTrack data, home values in Brisbane, Perth, and Adelaide have roughly doubled, whereas values in Sydney and Melbourne have grown at significantly slower rates. According to Cotality’s daily
Nasdaq is enjoying a bearish 50/100 bearish cross. It wasn’t pretty the last time this happened. Amazingly, the NTM PE on Info TEch is now the same as Staples. When dealer gamma is negative like this, indicating the market is short, the market makers buy as prices rise and sell if they fall, raising volatility.
For those old enough, the Sydney Olympics held from 15 September to 1 October 2000 was ‘peak Australia’. It was a time when national pride and unity were at an all-time high. Australian living standards were peaking, per capita economic growth and productivity were strong, and homes were still affordable. The year 2000 was also