Risk markets in Asia are building positive momentum despite the flat sessions on Wall Street overnight although all eyes are on Japan as their longer dated bond yields spike again while the fiscal situation in the US is deteriorating the Trump regime continues to ram through its wealth redistribution tax bill that will enshrine trillion
The post Macro Afternoon appeared first on MacroBusiness.
In memory of the great George Wendt, I went looking for great Norm moments from Cheers.
He’s hardly in this one, but he makes it work.
The Productivity Commission (PC) recently announced a review of the corporate tax system, with the PC expected to release a draft report in late July and its final recommendations in December. Commission chair Danielle Wood says the review will examine issues such as tax incentives for new capital expenditure and cutting the tax rate paid
Some more on sinking Chinese property today, a subject that just keeps on giving. Anywhere outside of Tier One is a black hole. Another yawnulus bites the dust. Inventory improved a little. So long as you don’t count all those half-finished hulks and holes in the ground. I reckon I’ll be writing this post for
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Australia is a kind of mind-moulding autocracy in which the words “immigration” and “racist” are interchangeable. At the zenith of this ersatz society sits a central bank that is paid to do one job and one job only: never mention the word “immigration”. In an immigration-led labour market expansion economy, it is therefore entirely predictable
The Market Ear on the machines. —- Volatility compression – extreme edition S&P average stock IV has decreased by 12.6v over the last month. For additional context, the 1-month change in the 10-day moving average of intraday volatility is at the lowest level since COVID and second lowest since 2010. Source: GS Fear evaporated Goldman’s
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Nationals’ leader David Littleproud has singled out nuclear energy as a key reason for his party’s spectacular split from the Liberals, as both parties seek to rebuild following the Coalition’s devastating election loss.
Speaking to the media on Tuesday, Littleproud said:
Treasurer Jim Chalmers has refused to rule out extending the federal government’s energy rebate for a third time. However, he acknowledges that the government is aware that the $6.8 billion rebate must end at some stage, which is why it has been extended for only six months rather than a year. “We only extended it
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