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Articles from MacroBusiness

Links 18 August 2022

August 18, 2022 - 00:01 -- Admin

Global Macro / Markets / Investing: New Study Links Financial Wellness with Better Sleep – Altoirablog After Google’s “Blood In The Streets” Warning, Apple Lays Off Employees – NDTV Warren Buffett’s Berkshire Hathaway topped up its Apple and Chevron stakes last quarter – Yahoo Dow, S&P 500 Close Higher Ahead Of Big Week For Retail

Macro Afternoon

August 17, 2022 - 16:30 -- Admin

A fairly solid session for Asian stocks with Chinese bourses playing catchup after the interest rate shenigans from yesterday not overshadowed by the small stumble on Wall Street overnight as traders await the latest FOMC minutes. The USD remains strong with Australian dollar faltering as it clings on just above the 70 cent level while

The end of the Chinese dream

August 17, 2022 - 13:00 -- Admin

A good take on the Chinese property adjustment from TSLombard. Upon becoming General Secretary of the Communist Party in November 2012, Xi Jinping announced the goal of his leadership would be the “China Dream”, the great rejuvenation of the Chinese nation. Reporting at the time from Beijing, Evan Osnos, staff writer for The New Yorker,

Aussie leading index dead cat bounces

August 17, 2022 - 12:30 -- Admin

Westpac’s Bill Evans with the index. It’s difficult to see how the economy could bounce in the face of aggressive interest rate hikes from the RBA and crashing house prices. Household consumption drives the economy and should fall as both rising mortgage repayments and the negative wealth effect from falling house prices bite.  ____________________________________________________________________________________________ Growth

Beijing’s Solomons coup advances as Albo grovels

August 17, 2022 - 12:00 -- Admin

Must Australia liberate the Solomons again? This time from China’s tinpot allies: Last week dignitaries, including US ambassador to Australia, Caroline Kennedy, gathered for a dawn ceremony on Bloody Ridge in Solomon Islands to commemorate the 80th anniversary of the start of the brutal battle for Guadalcanal. Solomon Islands Prime Minister Manasseh Sogavare didn’t bother

Hartnett: Get short

August 17, 2022 - 11:00 -- Admin

BofA’s excellent Michael Hartnett has released his latest monthly fundie survey and has had enough of the bear market rally. ——————————————————————————————————————————– Our survey says: sentiment remains bearish, but no longer apocalyptically bearish as hopes rise that inflation & rates shocks end in coming quarters (Chart1); BofABull &Bear Indicator stays at “max bearish” 0=no immediate reversal