Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

How much inflation follows tariffs?

July 10, 2025 - 11:30 -- Admin

Goldman with the note. Price data through May provide preliminary evidence on how tariff costs are being divided among foreign exporters, US businesses, and US consumers. Foreign exporters might absorb some of the costs by lowering their export prices to the US, which would show up as lower US import prices. Although aggregate US import

Bad news is good news again. Or is it?

July 10, 2025 - 10:30 -- Admin

The Market Ear with more. Negative asymmetry for equities near-term Goldman’s macro strategists are not buying the summer melt-up thesis and are sounding more cautious than in a while. “We are tactically neutral in our asset allocation (OW cash, N equities/credit/bonds, UW commodities). We still expect a worsening growth/inflation mix in 2H and elevated risk

Macro Morning

July 10, 2025 - 09:00 -- Admin

Overnight saw Wall Street rebound on the back of tech stocks with NVIDIA leading the way while broader industrials were dragged along amid the tariff chaos. Its becoming increasingly clear the Trump regime is using the tariff mechanism to browbeat, bully and extort trading “partners” not due to trade imbalances (real or imagined) but as

Macro Afternoon

July 9, 2025 - 16:00 -- Admin

Most Asian share markets are lifting higher despite a very weak lead from Wall Street, while local stocks are taking a double whammy due to the expected rate cut from the RBA turning into a hold and then the Trump regime’s bullying tariffs on pharmaceuticals. There’s more tariff announcements and letter printing on the way,

Revenge of the China grovellers

July 9, 2025 - 12:30 -- Admin

Card-carrying China groveler Geoff Raby is like a weathervane of Chinese influence in Australia. His return to the AFR tells us that his tailwind is growing, as we have seen around Albo’s China pivot, and it is safe to re-emerge and argue for a further selling out to Beijing. He doesn’t have much to say

Pages