Global Macro

Who loses the trade war?
DXY was weak last night: AUD mixed against DMs: Strong against EMs: Gold was choppy: Oil fell: Base metals too: Miners firmed: EM stocks too: Junk fell: Treasuries were bought: Bunds too: Stocks were firmish: Not much in data or news.
David Llewellyn-Smith
8 years ago
7
Australia retains silver medal in global household debt
Leith van Onselen
8 years ago
12
Straya’s two year commodity boomlet just ended
DXY jumped last night: AUD slumped against the USD but was stronger elsewhere: And strong against EMs: Gold was whacked: Oil too: And base metals: Big miners are breaking down: EM stocks held on: As did junk: Treasuries were bought: And bunds: Stocks added gains: The USD appears to have bottomed.
David Llewellyn-Smith
8 years ago
3
World Economic Forum: move beyond GDP and focus on societal wellbeing
Leith van Onselen
8 years ago
12
Historical parallels for trade wars
In his masterpiece, The World in Depression, Charles A.
David Llewellyn-Smith
8 years ago
28
Why would anyone buy Europe?
David Llewellyn-Smith
8 years ago
2
Stocks jump as Italians hose EUR
DXY firmed last night: AUD was mixed against DMs: Was soft against EMs: Gold fell: Oil jumped: Base metals fell: Big miners eased up: EM stocks too: Junk firmed: Treasuries were sold: And bunds: Stocks jumped: More buy the dip, I suppose.
David Llewellyn-Smith
8 years ago
2
Is Libor warning of a new GFC?
The WSJ has some concern for a steepening climb in Libor interbank lending rates: Libor has been rising for the last two years as the Federal Reserve has tightened interest rates.
David Llewellyn-Smith
8 years ago
8
Why stocks can still go higher
David Llewellyn-Smith
8 years ago
4
Policy errors sink stocks
David Llewellyn-Smith
8 years ago
6
Memo to Jericho: Lower UK immigration boosts wages
Leith van Onselen
8 years ago
20
New Fed chair spooks all
David Llewellyn-Smith
8 years ago
7
Stocks boom resumes
DXY was roughly stable last night: AUD firmed against DMs: But fell against EMs: Gold was also stable: And oil: Base metals rose a bit: Big miners more: EM stock fired: As did junk: Treasuries were bought: Bunds sold: And stocks boomed: Data was soft as US new homes sales missed.
David Llewellyn-Smith
8 years ago
13
TPP 2.0 faces roadblocks, and that’s a good thing
Leith van Onselen
8 years ago
8
Markets waver as yields worry
David Llewellyn-Smith
8 years ago
4
Casual Fed launches yields, USD
David Llewellyn-Smith
8 years ago
Japan: We won’t alter TPP 2.0 to suit US
By Leith van Onselen Yesterday, I reported that US farmers and the Republican Party are pressuring President Donald Trump to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – dubbed by MB as TPP 2.0.
Leith van Onselen
8 years ago
10
With Millennials shafted the world over, it’s time for a global revolt
By Leith van Onselen This site has frequently railed against the unfair treatment leveled at Australia’s Millennial generation.
Leith van Onselen
8 years ago
46
Stocks choke on stronger US dollar
David Llewellyn-Smith
8 years ago
3
Trump to join TPP 2.0?
By Leith van Onselen The Australian reports today that US farmers and the Republican Party are unhappy with President Donald Trump’s hostile view of free trade, and many Republican senators want him to reconsider his approach to the Trans-Pacific Partnership (TPP).
Leith van Onselen
8 years ago
10
How high for bond yields?
DXY was strong Friday night after hitting new lows.
David Llewellyn-Smith
8 years ago
AEP: No Bernanke to save us next time
Via Ambrose Evans-Pritchard: Say your prayers.
David Llewellyn-Smith
8 years ago
6
Do try to remember, y’all, that this is a boom!
And in a boom be bullish!
David Llewellyn-Smith
8 years ago
5
The problematic “Powell put” arrives
David Llewellyn-Smith
8 years ago
6
The end of rational exuberance?
David Llewellyn-Smith
8 years ago
1