Blogotariat

Convicted sex trafficker Ghislaine Maxwell, who is seeking a pardon from Donald Trump, told top Justice Department officials during an interview last month that she never witnessed the president “in any inappropriate setting” with girls introduced to him by disgraced financier Jeffrey Epstein.

I have entered the age of incomprehension

Possibly because of the infernal confusion

Up there in my old lofty pigeon

Due to a blow from a truncheon

Not even wearing an hearing aid

Would sort this inner devil afraid

Did she say a bunch of arseholes 

Or announced the next batch of households

Should I say I am too old for this piss

As Donald trumpets talks of peace

When I understand nothing any more

Chinese officials have showcased what they claim will be the world's largest solar farm, equivalent in size to Chicago, as new data show China emissions falling.

Insights into the financial performance of solar farms in Australia are rare. What is clear is that the last six months have not been good, due to curtailment and low prices.

DXY is back. AUD has entered freefall. CNY is fine. Gold is confused. Metals are nervous. Big bear intact. EM swoon. Junk hiccupped finally. As yields broke higher. Stocks kept falling. There wasn’t any earthmoving data. All eyes are on Jay Powell. Goldman says he’s going to break. Goldman economist David Mericle expects Powell to

The post Australian dollar enters freefall appeared first on MacroBusiness.

A German opposition leader has accused the EU of hypocrisy, pointing out that those who once rejected dialogue with Moscow are now praising US President Donald Trump’s diplomatic efforts to settle the Ukraine conflict. 

Australian stocks led the way to a new record high today but the rest of Asian share markets were mainly down across the board as risk sentiment continues to shift further into negative space as we all await the Jackson Hole conference tomorrow. The USD remains on a small rally against the majors although Euro

The post Macro Afternoon appeared first on MacroBusiness.

National Renewable Network CEO Alan Hunter on his company's mission to get home solar and storage to the masses. Plus news of the week.

Thai energy giant buys another Australian big battery project as it gets approval to sell power to industrial customers, while a new solar battery hybrid gets grid approval.

There is nothing a central banker likes more than to waste money while forcing everybody else into austerity. The cost of renovating the RBA’s asbestos-ridden head office in Sydney’s Martin Place has risen to $1.2 billion, prompting the newly installed governance board to consider selling the building and walking away from the troubled project. The

The post The RBA’s big, black building appeared first on MacroBusiness.

With the release of the Reserve Bank of Australia’s (RBA) latest Statement on Monetary Policy last week, the media focus was swiftly placed squarely upon the RBA’s forecast that productivity growth would be anaemic 0.7% per year on a long-term time horizon. But buried in the RBA’s lengthy forecast table was perhaps an even more

The post RBA forecasts sets scene for raining rate cuts appeared first on MacroBusiness.

DXY is refusing to go away. AUD is going away. CNY not. I’m wary of gold here. Metals dead cat. Miners plain dead. EM rolling. Junk doesn’t care. Yields are falling in a growth scare. Stocks could catch that bug. At issue is a Fed that the market has gotten wrong. In their discussion of

The post Australian dollar pushed to brink by Fed growth scare appeared first on MacroBusiness.

Overnight saw Wall Street stumble again, as big tech stocks couldn’t do the heavy lifting while European markets also pulled back slightly although the rising FTSE was an outsider. The release of the latest FOMC meeting minutes saw them highlight inflation and tariff risks with politics pushing in again as the Trump regime places pressure

The post Macro Morning appeared first on MacroBusiness.