Global Macro

The Mining GFC is a memory now.

The combined efforts of the Federal Reserve caution, OPEC jawboning and a moderate Chinese stimulus have morphed the Mining GFC into Buy Australia!

The Mining GFC continues to fade as oil is bullet proof.

Hans Heysen, Guardian of the Brachina Gorge, 1937, National Gallery of Victoria …sorry I am flat chat for the next month or so.

From Macquarie: We continue to expect return of disruptive volatilities driven by unpredictable public policy cross-currents.

Cross-posted from The Conversation: The Australian Taxation Office is reported to be playing a “lead role” in sharing intelligence between tax officials from OECD countries, as part of the continuing fallout from the revelations of the Panama Papers.

Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, has delivered a fantastic speech entitled More painkillers, please?

Today it feels like markets have declared the Mining GFC at an end.

The Mining GFC was heavily doused last night.

Mining GFC correlations are beginning to break.

The Mining GFC was doused again Friday night.

Cross-posted from The Conversation: The Panama Papers is a treasure trove of information on the activities and clientele of a large, but not atypical law firm operating in an offshore financial centre.

Not a pleasant night for the Mining GFC observer.

A dovish Fed and an oil rebound hosed the resurgent Mining GFC last night.

By Leith van Onselen The Bank for International Settlements (BIS) – the central banks’ central bank – has released a wonkish new working paper examining how bank capital affects the supply of new mortgages, drawing from evidence from a randomised control experiment using the mortgage market in Italy.

The Mining GFC rose again last night as oil continues to fuel volatility.

Cross-posted from The Conversation: The reporting of the Panama Papers – which has been based on a massive global analysis of documents leaked from law firm Mossack Fonseca outlining how the world’s elite use tax havens – is a remarkable feat of collaboration which builds on several trends in investigative journalism.

It’s back.

From Bloomie: The past 40 years have seen an unprecedented increase in the number of obese adults worldwide, climbing to about 640 million from 105 million in 1975.