David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The ...

And so begins another systematic chase of the highs. The Market Ear has more. Typically rally As overnight futures trading strong, it is worth remembering that equities typically rally following the ...

Coking coal less so: The rally has very weak underpinnings: …inventories of imported iron ore held by 64 Chinese steelmakers dropped by 0.4% from the prior week to 10.9 million tons as of Sept. 18, ...

Breakouts galore across all risk and equity markets in the wake of the “surprise” 50bps rate cut from the Federal Reserve as Wall Street hits a new record high and the USD is sold off resoundingly.

I have repeatedly labelled the 90-kilometre Suburban Rail Loop (SRL) the worst infrastructure project Australia has ever seen. This project was the thought bubble of former Premier Daniel Andrews ...

The Australian Bureau of Statistics (ABS) released the labour force survey for August, which recorded strong job growth of 47,500 but an unchanged unemployment rate of 4.2%: However, the ...

However, this admirable fellow is tilting at windmills. There is no way that the greedy and corrupt Aussie political economy can reform so comprehensively. What hope is there with those who are 100% t ...

The notion that these “real issues” have emerged in the last four years is silly. They’ve been coming for well over a decade while Dalio upsold the place. Is it time to buy as Dalio capitulates? With ...

The weirdo hanging around a Mar-a-Lago with an AK-47 appears to have done Donald Trump no good in polling. Kamala Harris has extended her lead in recent days: Across the polling aggregates: Betting ...

The bank bubble is now so large that it has become a standing joke among brokers: Relative to international peers is hilarious: CBA is now part of the Mag 8, valued between Google and Microsoft. The o ...

Architect Philip Thalis posted the below Tweet showing the appalling downgrading of new housing developments from their planning application and artists impression: Thalis shows a development in ...

Statistics New Zealand has released the Q2 national accounts, which revealed that New Zealand’s real GDP declined by 0.2% over the quarter, with per capita GDP declining by 0.5%. This represented the ...