Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Australian businesses fear for their future

Earlier this week, I reported that the latest NAB Business Survey showed conditions were at their lowest level since the pandemic, as profitability collapsed. “The result suggests a growing share of firms are reporting margin squeeze, likely reflecting the combined impact of elevated costs and higher interest rates”, noted Westpac. On Thursday, Roy Morgan released its The post Australian…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

Read the original at macrobusiness.com.au →

More in Finance & Markets

Short Gamma: The Market-Maker Spiral

In my last article I described the margin spiral — leverage feeding on itself until a correction becomes a crash. This one is the same loop, one level down, in the plumbing of the market.

  • Market makers' hedging contributes to market crashes.
  • Short gamma positions amplify market declines.
  • Interventions at -6% can mitigate market shocks.

More from Friday 11 September →