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MacroBusiness Wednesday, April 16, 2025 - 11:40 Source

So far as I can tell, Treasury Secretary Scott Bessent is the greatest thing going for the Trump administration by far. This guy is very impressive. We can only hope that he brings better implementation to the Trump tariff agenda than the crazy president, Lutnick, or Navarro does.

The post Can Scott Bessent save the world? appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 16, 2025 - 11:30 Source

The Market Ear on the bear. Shake out, or? A perfect storm may be brewing: the S&P’s death cross reappears just as investor confidence hits new lows and equity outflows surge. With tech allocations plunging and volatility well bid, the big question is — is this a shakeout or the start of a larger unwind?

The post The bear makes a death cross appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 16, 2025 - 11:20 Source

There is a global gas glut looming over the next five years as US and Qatari volumes surge into seaborne markets. However, those who propose importing this gas into Australia as the solution to our energy transition woes are barking up the wrong tree. Current future pricing for JKM gas in Asia for mid-winter 2028

The post The global gas glut won’t save Australia appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 16, 2025 - 10:30 Source

Former RBA man Peter Tulip does a good job of destroying the current array of house price appreciation policies offered in the election. He concludes at the AFR. Immigration policy is not usually considered as “housing policy”, but it actually has larger effects on affordability than most of the measures discussed above. The Coalition is

The post Immigration the largest “housing policy” appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 16, 2025 - 10:00 Source

Developer Nigel Satterley has called for more skilled migration to help ‘solve’ the housing shortage. Nigel Satterley, whose Satterley Property Group is the nation’s largest privately owned residential land developer, claimed that Australia had suffered an annual shortfall of 40,000 homes for over a decade. He claimed that without immigration changes to bring in more

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xkcd.com Wednesday, April 16, 2025 - 10:00 Source

Our anti-de Sitter club is small at the moment, but I've started corresponding with the conformal field theory people.

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MacroBusiness Wednesday, April 16, 2025 - 09:30 Source

Beijing, we have a problem. The property recovery that never was is now in hard reverse post-tariffs. Leading indicators are in free fall verus previous saves in the primary market. It is the reverse in the secondary market as property dumping is the new black. Sales in primary markets are crashing. Inventory is yet to

The post Tariff shock smashes into Chinese property appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 16, 2025 - 09:00 Source

Risk sentiment is flat lining again as stock market volatility moves lower but all eyes still remain on US Treasuries and the USD itself with Swiss Franc now taking the lead while Euro took a slight back seat on poor sentiment readings in Germany. The impact on global trade continues to be felt with leading

The post Macro Morning appeared first on MacroBusiness.

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Cheeseburger Gothic Wednesday, April 16, 2025 - 08:57 Source

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MacroBusiness Wednesday, April 16, 2025 - 08:30 Source

The latest pricing from the interest rate futures market has the official cash rate falling to 2.9% by year’s end, suggesting another five 0.25% rate cuts this calendar year. The minutes from the latest Reserve Bank of Australia (RBA) board meeting cautioned that Australia’s $11.3 trillion housing market could be at risk if a series

The post RBA warns on housing ‘super cycle’ appeared first on MacroBusiness.

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Renew Economy Wednesday, April 16, 2025 - 07:48 Source
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Your Democracy Wednesday, April 16, 2025 - 06:04 Source

Former Russian President Dmitry Medvedev has branded incoming German chancellor Friedrich Merz a Nazi after he allegedly suggested that Kiev should destroy the Crimean Bridge.

In an interview with state broadcaster ARD, Merz, the leader of the Christian Democratic Union (CDU) party and the likely future leader of Germany, stated that Berlin could supply long-range Taurus missiles to Ukraine, but only if it is done in coordination with other EU nations.

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Your Democracy Wednesday, April 16, 2025 - 05:49 Source

Vladimir Zelensky’s office announced on Tuesday that it has fired the head of Ukraine’s Sumy Regional Military Administration, Vladimir Artyukh. The move follows accusations that Artyukh organized a military awards ceremony that was targeted in a Russian missile strike.

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