MacroBusiness Chartfest September 1-2, 2018






Australia – Economic Policy Uncertainty

Sydney & Melbourne – Auction Clearances

Australian GDP

Coal Production & Consumption 

Electricity Generation

Major LNG Plants

Implications of Tightening Lending Standards

Disposable Income by Decile

Loan Rejections

Public Satisfaction with the National Direction

Tobacco Price Inflation

Australian Thermal Coal Price

Australian & United States Consumer sentiment

Australian Wage Growth by Industry

Net Wealth by Decile

Petroleum Production & Consumption



United States & Americas


Foreign Ownership of US Debt

Mobile/Manufactured Homes as Percent of Total Housing

Automotive Manufacturing Hourly Earnings – North America

Highest Paying Jobs in the US

American Beers and the 5 Ultimate Producers

US Capex

US Cars – where they are made

United States – Coal Power Plant Retirements

US Brokerage Commissions

US Consumer Confidence

US Consumer Confidence & Labour Market Perception

US Debt by Age Group

US Primary Energy Source & Consumption

US Annualised Real GDP

Consumption of Post Tax Income

Major US Exports to China

Post Tax Income growth

Post Tax Income growth 2

Labour Market Participation & Opioid Use

US – Median Household Income

Pre Tax profits of US Multinationals

United States – Poverty & Incarceration

US Real Estate

Impact of Revoking NAFTA

US Real Estate – Chinese Buyers

US Staple Food Items – Prices 

US Steel Imports

US Student Debt

US Yield Curve & Recessions

US Unemployment

US Wages
Venezuela Money Supply






Unemployment – Central Europe



Wages – Central Europe

Business Investment & Credit

Eurozone – Negotiated Wages

Eurozone – Negotiated Wages 2

Residential Investment – Selected Euro Nations

Euro Sovereign Ratings & 10Yrs

French Grape Harvest 2018

Germany Automobile Production & Manufacturing Sentiment

Germany – Budget Balance

Germany – Current Account

Germany – Renewable Energy

Germany – Fiscal Balance

Greece – Debt

Greece – Depression

Eurozone – Inequality

Ireland – Immigration

Italy – Capital Flows

Italy – Public Debt & Interest

Russia – Gold Reserves


Russian Economy in Relation to Europe

Turkey – Inflation

Turkey & Russia – Consumer Prices

United Kingdom – Time Between Recessions



China & Asia


China – Bank Lending

China – Coal Consumption

China – Global Conflict Resolution Efforts

China – Economic Growth

China – GDP & Energy Consumption

China – Internet Users

China – Labour Force

China – Per Capita Consumption

Hong Kong – House Prices & Completions

Japan – CPI

South China Sea – Crude Oil Flows

South Korea – Goods & Services Exports





Steel & Copper – Shanghai Prices

Dalian Iron Ore v Copper

Coal Exporters

Commodities Per Se – Time to Buy?



Global Aluminium – China v Rest of World

Aluminium – 2018 Production by Region


Japan – LNG Imports



China – LNG Imports



Australia – Natural Gas Consumption & Production

Steelmaking Capacity



Capital Markets


China – NPLs

Large US Based Multinationals – 2018 Debt Issuance

EM Debt to GDP Increases

EM Financing Needs

EM High Yield Corporate Debt Maturity Schedule

Selected EM – Reserves to Short Term Debt

Selected Euro 2Yrs

Globally Systemically Important Banks



Selected EM Debt Implosions – Last decade



US Non Financial Corporate Debt to GDP



Australian Dollar & Turkish Lira – the last 10 years



Selected EM Private Foreign Debt

South Africa – Fund Flows



Household & Corporate Debt to GDP – The Greatest Bubbles



Japan & US Yields



UST Spreads




Global Macro




OECD – Ageing



Housing Bubbles – China v Selected Historical International Bubbles



Cost of Fun – Global Comparison



Prime Age Employment Ratios – Major Economies



Emerging Markets & Metals



Emerging Markets & Global GDP



Event Risk radar – Next 6 Months

House Price Exuberance – Global Comparison (……..and I don’t think they have Australia right)  

G12 Population Growth

Global Trade



Global Property & GDP

Household Debt to GDP – Selected International


Central Bank Liquidity



United States, United Kingdom, Australia – Income Growth



Global Tariffs



…and furthermore…




Average Air Quality – Selected Cities



Average paper Length in Major Economics Journals



Five Year Cancer Survival Rates – United States



Letter Distribution in Words – English



Thoughts About Cookies

Miss America Beauty Pageant Viewers

The Risks of Alcohol

Social Science Types

Americans and Easier to Raise



Why Hackers Hack



The Peleton and its Effect

Latest posts by Gunnamatta (see all)


  1. Thank you Gunnamatta, I always enjoy the chartfest with my weekend morning coffee. Is anyone else concerned that Russia is hovering up gold? I also remember reading that Russia are selling their US Treasuries, and that China are building up their gold reserves too.

    • The hubris & stupidity of the Western Economists will ensure that the buying of Gold and selling of Treasuries by the rest of the world will have little to no effect – until it smashes us.


      Ant – I reckon this is relevant to your question

      Just a bit from it
      “This is China playing a long-distance game of go on steroids, incrementally making the best strategic decisions (allowing for margins of error, of course) to render the opponent powerless as he does not even realize he is under attack.”

      China especially, but also I suspect Russia, is thinking thirty years ahead. We in the West, however, cannot get past the release of dodgy GDP numbers next month!

  2. The 3rd chart, Real GDP per Capita is the chart that above all tells us we are in a complete debt fueled bubble. Negative growth, multi-decade lows. Married to consumption growth and massive house price growth…….KAAABOOOOOM!!

    • Nah!!! I looked at that and thought ‘what a load of BS! Our situation is waaaay more dire than that!’
      GDP as any sort of important economic measure is such a croc!

  3. Still no debt issuance by large US multinationals this year.

    Must not be as profitable to claim interest expense onshore to take profits offshore. Wonder why, lol. Guerrilla economic warfare never stops. Corporatocracy has no opposition with open borders.

  4. The above US real estate graph doesn’t seem to show much correlation between number of homes for sale & price appreciation (blue & green lines), we are always told lack of supply causes prices to rise. Or am I being particularly dumb today? (I’m firmly in the camp that access to credit is a primary driver … but even so I would have expected some correlation, other than during the GFC.
    This one:

    • we are always told lack of supply causes prices to rise.

      No. Lack of supply makes price flip from “cost of production” to “buying power of strongest loser”

      Take the example of a brand new Ford Focus. There is no lack of supply. Its price is determined by the cost of production.
      Take the example of a vintage 1970 Ford Falcon (perhaps the GTHO). There is complete lack of new supply. Its price is whatever you have to pay to outbid the next guy at the auction. Its price is the “buying power of strongest loser”.

      lack of supply causes prices to rise

      No. Prices can actually fall during a worsening shortage. Consider a terrible earthquake that smashes houses, crushes cars and cuts off all food and fuel supplies. Although all the items are now in greater shortage you would probably find that food and fuel rises in price while lodging and cars actually fall as desperate people sell what they can to buy what they need. A hungry person might actually sell their car for less than the cost of production in order to buy food.

      During shortage price is the “buying power of strongest loser”.

      am I being particularly dumb today?
      You are being dumb regarding shortage and price. But it is quite common, if that makes you feel better.

      I’m firmly in the camp that access to credit is a primary driver

      “Primary driver” is a very poor term to use regarding house prices. In a complex situation it is very bad to start using statistics to seek out a “primary driver”. Far better to apply your brain to understand the situation, then check if the statistics correlate with your common sense.

      Most housing markets in Australia are in shortage and house price = “buying power of strongest loser” in that area.

      Very few housing markets in Australia are in abundance and house price = “cost of production” in that area. Cobar is an example. And I suspect some unit markets will soon be there, or may be there already.

      If you take the 99% of Australia that is in shortage, you will indeed find a strong correlation between access to credit and house prices. This is because, when it comes to Australian houses the buying power of most strongest losers is determined by their access to credit. Most people buy a house with a mortage, not with cash.

      If govt passed a law that all houses must be paid for with cash, you would find that the house prices IN THE SHORTAGE AREAS would soon adjust to the amount of cash held by the losing bidders at auction.
      Of course in the abundant areas like Cobar, price would remain at cost of production.

      • Thanks guys. I agree with most of what you said, but still surprised it doesn’t show a stronger correlation. Can’t think about it too much now, gotta go fire up the BBQ.

      • Thanks Claw – Spot on. There’s waaaay too much simplistic straight line ‘analysis’ goes on in these pages.

  5. Lenny Hayes for PM

    Germany produces 6% of its power from solar and Australia 2%. I guess they do have a competitive advantage for at least 3 months of the year….

    • GunnamattaMEMBER

      The really really sad thing is that I can recall one particular University lecture back in the 1980s where we were addressed by one of the honchos from CSIRO, who I recall stating ‘we have the technology now in Australia to be able to generate a lot of energy straight from the sun, and we are working on storage.’ while also noting that (at that time) Australia and Israel were leaders in the technology. I would wager good money the Israelis have made ten times the progress on solar that we have.

      ….and can I just add that Australia would be a much much better place if Lenny Hayes was PM

    • Mining BoganMEMBER

      Wasn’t there word of a new comments section on the way?

      The new donk might not be fitting into the engine bay.

      • Oh! Thats’s a relief as I thought I’d broken it editing resist fingerprint in about:config in Firefox on new phone!

  6. That German energy output graph unsure; I think it was generation capacity, not power actually generated. A bit misleading… given their recent CO2 increase in output! Solar at those latitudes, come on!!

    On purpose???? Silly, such a great job as per usual.