Tonight I will be appearing on DFA Live with Martin North where we will discuss everything to do with the Australian economy and housing market. The show goes live at 8pm EDST.
The post Join me tonight on DFA for live Q&A appeared first on MacroBusiness.
BofA with the note. I will add that higher inventories meeting weakening demand is not a recipe for good profits. Not everything is about the second derivative Waning demand and pricing power plus continued wage pressure do not seem like reasons to celebrate. But Wednesday’s weaker CPI (note)(a mere 53bp drop) was met with applause–peak
By Gareth Aird, head of Australian economics at CBA: Key Points: The RBA August Board Minutes are the last piece of communication from the RBA until the all-important September Board meeting, where the RBA will once again raise the cash rate (the size of the impending rate hike is up for debate). The Minutes imply
Michael Wilson at Morgan Stanley. There is a Fed pivot coming in my view as inflation falls relatively quickly. But it’s coming because so is the global recession led by China and Europe but also landing in the US. Earnings are going to fall a lot further yet and that is not priced. ———————————————————————————————————————————- The
Data from the Australian Automobile Association (AAA) highlights the impact of rising petrol prices on household budgets. The AAA’s latest Transport Affordability Index data shows that the average fuel bill nationwide rose by $5 a week to $100.39 in the June quarter. The average weekly cost of fuel was $98.37 in capital cities and $102.71
The latest Roy Morgan business survey showed that confidence is lowest for the retail sector, which has halved over the past year: A new Roy Morgan survey gauging Father’s Day gift spending shows that Australians are preparing to send 7.7% less on gifts than they did last year amid rising concerns surrounding cost-of-living: Australians are
The Business Council of Australia (BCA) is calling for Sydney’s Aerotropolis and Melbourne’s Fishermens Bend to be covered by a designated area migration agreement (DAMA). DAMAs represent a formal agreement between the federal government and a regional, state or territory authority that gives easier access to overseas workers than the standard skilled migration program. However,
The Market Ear with more great charts. What could make this rally more durable? JPM’s head of US market intelligence Andrew Tyler points out what could take this even higher (not saying it will): 1. lower Sept CPI 2. human participation – closing shorts, going long, and then levering up 3. dovish inflection from the Fed. and what would
The idiot MSM is today replete with ScoMo bashing: Albanese said people in government are searching for documents that saw Scott Morrison sworn in secretly to various ministry portfolios, but said he won’t speculate yet on what implications these unprecedented arrangements may have on legal decisions made by the former government. The new PM told
After last week crashing to its lowest level since April 2020, the ANZ-Roy Morgan weekly consumer confidence index rebounded 4.9% to its highest level since late June: The key movements in the sub-indexes were as follows: Consumer confidence jumped 4.9% last week, completely reversing the drop following the RBA’s August rate hike. Confidence is the