Global Macro

It’s obvious that Australia’s mass immigration program is a giant scam perpetrated by the politico-housing complex.

I’m sometimes skeptical of Ambrose Evans-Pritchard.

By Leith van Onselen The International Monetary Fund (IMF) has released a new “cutting-edge dataset” measuring private and public debt across the global economy since the 1950s.

Via the FT: The US has stepped back from the brink of a trade war with China after Washington halted plans to impose tariffs on up to $150bn of imports, according to the US Treasury secretary.

DXY roared again Friday night as EUR fell decisively below 1.18: EUR positioning remains hilariously long setting us up for a higher DXY yet: AUD hung on against DMs: As the market moved to moderately short last week.

By Leith van Onselen Back in the early-1930s, renowned economist, John Maynard Keynes, predicted that technical innovations and rising productivity would mean that advanced country workers would be able to work only 15 hours a week and still enjoy rising living standards.

AUSTRALIA Australian Federal Government Balances since Federation – note the 50s & 60s, our government is looking to debt load and dissipate with population ponzi again.

DXY was up again last night but well off the highs.

Big news this: On 10th June 2018 Switzerland will be the first country in the world to have a national referendum on the introduction of Sovereign Money.

DXY flew higher last night as EUR tanked.

Last night DXY launched: As EUR cratered: As we bid adieu to an all too brief European boomlet: AUD was monkey-hammered to a two year low as 75 cents broke: It was mixed against EMs: Gold was hit but is hanging on!

DXY is on on fire: As EUR plunges: AUD is getting clubbed: Gold held on manfully: Oil too, held aloft by Iran: Oil is holding together the entire commodities complex: And Big Miners: Even EM stocks: But EM junk debt is telling the tale.

DXY climbed last night: AUD was clubbed: Gold fell: Oil too: Base metals flamed out: Big miners were mixed: EM stocks fell: Junk too: Treasuries were killed but the curve steepened for once: Bunds the same: Stocks pulled back: US data was decent with a good Pilly Fed and solid Fed Beige Book.

All he needed to do was shut up.

DXY was down last night: AUD was stablish: Gold firmed: Oil fell: And remains vulnerable with a huge speculative long: Base metals lifted: Big miners fell: EM stocks struggled: The EM junk tide is definitely going out.

By Leith van Onselen Following intense lobbying from US farmers and the Republican Party, it was revealed on Friday that US President Donald Trump has ordered his senior economic and trade advisers to examine the possibility of the US re-entering the 11 nation Trans Pacific Partnership, dubbed by MB as “TPP 2.0”.