Blogotariat

Communications Minister Michelle Rowland recently confirmed that Labor has abandoned plans to privatise the national broadband network for the time being, and that it will scale back proposed 3% per annum wholesale broadband price increases that the former Coalition government had directed NBN Co to implement to recoup costs. There is also speculation that Labor

The post NBN write-down imminent? appeared first on MacroBusiness.

There is no change to the epochal shift in China’s macro settings for property. The dream is over. Goldman has more. President Xi chaired the July Politburo meeting today which set the tone for the broad policy stance in 2H of this year. The statement following the meeting reiterated the “Dynamic Zero Covid” policy stance

The post “Housing is for living in, not for speculation” appeared first on MacroBusiness.

The Western media lamented China’s most recent breakthrough in computer chip manufacturing, achieving standards in production that were thought impossible because of sanctions imposed by the United States specifically designed to stifle Chinese advances.

DPRK leader Kim Jong-un announced on Thursday that Pyongyang’s “nuclear war deterrent” was “fully ready” to respond to threats. Such saber-rattling is nothing new from Kim, but it does come after a slew of artillery and missile tests.

Deary, deary, me: Dr Chalmers warned of a “confronting” update on the country’s economic and fiscal position, but his statement to the parliament painted a picture of a nation well-placed to transform challenges into opportunities. And despite previously downplaying the prospect of improvements to the budget because of record high commodity prices, the Treasurer now

Define ‘recession’: Biden’s administration refuses to see economic reality

Instead of addressing the most pressing problem of regular Americans, the president and his staff play word games

As anyone with a pulse can attest, times are tough, and every non-millionaire American is struggling with the weight of the economy.

Ukraine’s celebrity-in-chief just took time off from his heavy schedule of appearances at major Western gatherings for a photo shoot with his wife in Vogue magazine.  

Coolabah Capital’s Chris Joye phoned me yesterday to tell me that Sydney dwelling values are crashing at their fastest monthly pace in at least 30 years, according to CoreLogic’s dwelling values index (which he helped create). So I went and checked, and it turns out that he’s right! As shown in the next chart, the

The post Sydney house prices crashing at record pace appeared first on MacroBusiness.

Global Macro / Markets / Investing: Fed opts for 75-basis-point rate hike, flags weakening economic data – Channel News Asia Fed Hikes Rates By 75 BPS; What Does It Mean for the U.S. Economy? – Tokenist “Recession” Doesn’t Mean What You Think It Means – Mises Samsung sees mobile and PC chip demand weakening in

The post Links 29 July 2022 appeared first on MacroBusiness.

The US has one of the most deeply-ingrained nationalistic ideologies of any nation. Accompanying the grand mass hysterias of patriotism and freedom, one of the most pervasive links in the ideological chain that creates the American sense of identity is a belief in “The American Dream”, an imaginary ideal that offers a rags-to-riches path to prosperity.

Yes, I’m sure you’re all aware that Publicity-Seeking Pauline, fresh from re-election stormed out of the Acknowledgement of Country declaring that she didn’t acknowledge that there was such a thing and she never would. Of course, this has led many to wonder why she’s never done it before, but we need to be fair here.…

The post Pauline Storms Out Declaring She Doesn’t Accept Reality And She Never Will… appeared first on The AIM Network.

Asian stocks are having a relatively good response to the overnight higher risk sentiment following the latest Fed rate hike and subsequent slowdown signals, yet Chinese shares remain the laggard in the region. Stronger moves against USD are still holding on with the Australian dollar just above the 70 level while oil prices are slowly

The post Macro Afternoon appeared first on MacroBusiness.