Blogotariat

Overnight saw the fear around the AI bubble rise again as Wall Street cratered, but also some reality crept in as private job data indicated more job cuts than growth in the US economy as the bite from the government shutdown continues to be felt. Meanwhile the Bank of England held fire in its latest

The post Macro Morning appeared first on MacroBusiness.

Asian equities are doing well as markets start to price the possibility that the US tariffs maybe reversed following initial comments from the US Supreme Court challenge, although that institution is as compromised as Congress so don’t hold your breath. Only local stocks failed to perform well with the USD still firm against most of

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The New Zealand economy continues to push through its housing bust and economic downturn. Yesterday, unemployment came in at 5.3% for the September quarter. The participation rate continues to fall to 70.3% as jobs become more scarce, holding down the headline unemployment rate. As illustrated below by Justin Fabo from Antipodean Macro, the underutilisation rate

The search for a network operator to build and operate the grid to support the New England Renewable Energy Zone has been narrowed down to three contenders.

Queensland LNP has "significantly underestimated" huge costs of delaying coal plant closures while still shooting for net zero, industry and union groups warn.

The Market Ear on a market trying to find sanity. Muted fear The sell-off has stretched across several sessions, yet volatilities have remained orderly, a stark contrast to October’s sharp spike. The VIX reaction so far is muted, a “fearless” unwind where complacency lingers and volatility still refuses to show up. With little fear The

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For a long time, I have bewailed the rise of fake left and its obsession with culture war issues like genitals, Palestine and racism. The substitution of this grab bag of identity politics for issues of class has led directly to the rise of the populist right in the shape of Donald Trump as American

The post Trump births American real left appeared first on MacroBusiness.

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, examines the political storm hitting the healthcare sector — how comments and policy risks from Trump and RFK Jr. are weighing on valuations, whether today’s beaten-down prices could present a long-term buying opportunity, or if lasting damage to the sector’s economics and social licence

The post MB Fund Podcast: Vaccinate or Evacuate? appeared first on MacroBusiness.

Earlier this month, Prime Minister Anthony Albanese was interviewed by The Australian, during which he was questioned about his plan for “Universal Childcare”. Albanese confirmed that this would be a major focus of the government for 2025 but remained guarded on exactly what that might look like in reality. “We’ll worry about that next year,”

The post ‘Universal Childcare’ risks becoming NDIS 2.0 appeared first on MacroBusiness.

DXY is breaking out still. AUD rebounded in its fading trend. CNY meh. Gold trying to hold. AI metals a better day. The chosen one bounced. EM too. Junk held. But there’s trouble in them thar yields. Stocks rose anyway. I remain cautious on the crap complex—commodities, EM, AUD—while the bond backup and rising DXY

The post UBS thumps AUD table. Hurts fist appeared first on MacroBusiness.

Risk markets were in buy the dip mode overnight as Wall Street rebounded after speculation that tariff relief maybe around the corner alongside better than expected US economic data. European stocks also came back slightly while a build up in US domestic supplies saw oil prices pushed back to weekly lows. The USD had small

The post Macro Morning appeared first on MacroBusiness.

Claims that solar and wind are deeply unpopular among Australia's regional communities have been challenged by the results of a new poll.