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Your Democracy Tuesday, September 20, 2022 - 07:27 Source

Mr MARTINO VIGNERONI APOLOGISES ABOUT HIS PREVIOUS CARTOON IN WHICH HE MENTIONED 24 HOURS OF NO NEWS OTHER THAN THE QUEEN'S DEPARTURE TO HIGHER GROUND. HE MEANT TO SAY: 24 DAYS, 24 MONTHS AND 24 YEARS OF NO MENTION OF ANY OTHER NEWS BUT THE WHOLE ROYAL PAGEANTED FUNERAL ORGANISED SHEMOOZLE...

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Cheeseburger Gothic Tuesday, September 20, 2022 - 07:03 Source

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Your Democracy Tuesday, September 20, 2022 - 06:51 Source

Understanding the present-day events in Ukraine is impossible unless you study what happened in 1999 with Serbia. There is a Hegelian thread that runs directly from NATO’s ostensible “humanitarian intervention” to the Russian “special military operation,” linking Belgrade to Belgorod – and everything in-between.

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MacroBusiness Tuesday, September 20, 2022 - 00:10 Source

There has been a long history of international students cheating at Australia’s universities, often to get around having insufficient English-language proficiency. For example, in 2014 “functionally illiterate“ Chinese students were involved in an elaborate “ghost writing” scandal. The following year, ABC’s Four Corners’ “Degrees of deception” reported systemic cheating by international students, with one university

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MacroBusiness Tuesday, September 20, 2022 - 00:05 Source

According to CoreLogic records dating back to 1980, Australian dwelling values have never fallen by more than 11% across the combined capital cities. The current housing downturn is plotted below (in black) against prior episodes and shows that dwelling values are falling at their fastest pace on record, but are only around halfway to matching

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MacroBusiness Tuesday, September 20, 2022 - 00:01 Source

Global Macro / Markets / Investing: The stock market is not the economy in an important way – Yahoo UN index shows living standards declining in 90% of countries – DW Wall St drops to two-month lows as recession fears mount – Reuters Global crop problems point to years of high food prices – Reuters

The post Links 20 September 2022 appeared first on MacroBusiness.

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Renew Economy Monday, September 19, 2022 - 22:54 Source

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Renew Economy Monday, September 19, 2022 - 20:32 Source

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Your Democracy Monday, September 19, 2022 - 20:29 Source

Following the meeting of the Heads of Member States of the Shanghai Cooperation Organization, held on 15 and 16 September in the Uzbek city of Samarkand, Turkish President Recep Tayyip Erdoğan told journalists that his country aims to join the SCO.

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Your Democracy Monday, September 19, 2022 - 19:59 Source

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The Australian Independent Media Network Monday, September 19, 2022 - 19:25 Source

This has been a week of discovery for me. For example, did you realise that the late Queen Elizabeth reign lasted longer in terms of hours than the ABC coverage of her death? Incredible, I know. Something else I discovered was that Albo and King Chuck had a bit of a natter about climate change…

The post Why Doesn’t One Nation Go Back Where It Came From! appeared first on The AIM Network.

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Your Democracy Monday, September 19, 2022 - 18:06 Source

We have another entirely Australian own goal to China.

Australians are no better informed about what will be Australia’s most expensive-ever defence project – equipping the Navy with US or British nuclear-powered submarines – than they were a year ago when the Morrison government announced the deal a year ago.

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MacroBusiness Monday, September 19, 2022 - 17:00 Source

Asian stocks are slipping as we start a new trading week with caution abound going into the London session as UK markets are closed for the Queen’s funeral. The USD remains super strong against the major currency pairs  with Euro hovering around parity while the Australian dollar retraced below the 67 cent level again. Meanwhile

The post Macro Afternoon appeared first on MacroBusiness.

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Your Democracy Monday, September 19, 2022 - 14:59 Source

Former US President Bill Clinton has rejected criticism that NATO’s eastward expansion on his watch helped set the stage for today’s Ukraine crisis, suggesting that Russia would have threatened the security of its neighbors sooner without the Western military bloc’s presence in the region.

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Renew Economy Monday, September 19, 2022 - 14:27 Source

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MacroBusiness Monday, September 19, 2022 - 14:00 Source

In the wake of last week’s data showing New Zealand house prices plunging at their fastest pace on record in the six months to August, ANZ’s economics team has aggressively raised its interest rate forecasts. ANZ now believes the Reserve Bank of New Zealand (RBNZ) will lift the official cash rate (OCR) to a peak

The post New Zealand’s housing market approaches interest rate doom appeared first on MacroBusiness.

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Renew Economy Monday, September 19, 2022 - 13:57 Source

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Renew Economy Monday, September 19, 2022 - 13:38 Source

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MacroBusiness Monday, September 19, 2022 - 13:30 Source

For the slow-moving that is. It’s been obvious for eight months in my view. Now Goldman has made it there, though it is still too bullish. We have raised our fed funds rate forecast by 75bp over the last two weeks, and now expect that the FOMC will hike by 75bp in September, 50bp in

The post US recession becomes the base case appeared first on MacroBusiness.

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MacroBusiness Monday, September 19, 2022 - 13:00 Source

Readers will know that my base case for CNY over the past year has been large falls. These are now underway. Given the extent of Chinese challenges around property, zero-COVID and exports, there is also a risk case that CNY falls could get out of hand. This is not my base case but is a

The post Can China prevent a yuan crash? appeared first on MacroBusiness.

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MacroBusiness Monday, September 19, 2022 - 12:30 Source

The Herald’s View has called on the Albanese Government to return the federal budget to surplus by, among other things, lifting personal income taxes: Australia had no choice but to run a big deficit during the pandemic, but it should not be running a deficit now when the economy is booming. Unemployment is lower than

The post Use mining super profits taxes to fix budget deficit appeared first on MacroBusiness.

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Your Democracy Monday, September 19, 2022 - 12:09 Source

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The Tally Room Monday, September 19, 2022 - 12:02 Source

I’ve recently been made aware of a process in the Northern Territory which is reviewing the ward structures of local councils following last year’s council elections.

I’m particularly concerned by a proposal to break up the City of Palmerston into tiny wards, seemingly as a solution to an informal voting problem, and to foreshadow a similar change in Alice Springs for a future review.

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MacroBusiness Monday, September 19, 2022 - 12:00 Source

They sure know how to cookie-cut these waffling eggheads at the RBA. There’s not much new here. Interest rates affect house prices yada, yada, yada… For a central bank that claims to have no interest in controlling house prices, it sure spends a lot of time talking about them.  Thank you for the opportunity to

The post RBA: Property to crash 30% if rates held steady appeared first on MacroBusiness.

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MacroBusiness Monday, September 19, 2022 - 11:40 Source

Michael Hartnett of BofA leads the market chorus. I agree with most of the below though I am still unconvinced about the secular nature of global inflation and commodities. China going ex-growth is an enormous problem for that thesis.  Scores on the Doors: commodities 34.5%, oil 17.6%, US$14.6%, cash 0.5%, gold 7.1%, HY-14.9%, IG-17.6%, stocks-18%,

The post Hartnett: Bear market will end when… appeared first on MacroBusiness.

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MacroBusiness Monday, September 19, 2022 - 11:20 Source

The Market Ear with its latest. We should test the lows later this year There are many reasons to believe that we will revisit the lows later this autumn. Overall tactical & macro backdrop just do not add up to the ultimate bottom. We can bounce small this week – we list some observations on

The post It’s still a bear market appeared first on MacroBusiness.

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MacroBusiness Monday, September 19, 2022 - 11:00 Source

Over many months MB has documented the rental crisis sweeping across Australia. This crisis has come to the fore this month with CoreLogic recording the strongest rental growth on record in August, with rents soaring 10% year-on-year nationally: At the same time, SQM Research has recorded the tightest rental vacancies on record, with the vacancy

The post International students drive rents into stratosphere appeared first on MacroBusiness.

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Renew Economy Monday, September 19, 2022 - 10:57 Source

gas flare fracking victoria moratorium 2 - optimised

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MacroBusiness Monday, September 19, 2022 - 10:40 Source

The Queensland government last week convened a housing summit to deliver affordable homes. The summit will look at greenfield development as a way of solving a lack of housing in the state’s south-east. However, Dr Cameron Murray believes such greenfield development will not help reduce house prices: “You can rezone and do whatever you want

The post Developers starve housing supply to drive up prices appeared first on MacroBusiness.

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MacroBusiness Monday, September 19, 2022 - 10:20 Source

Pantheon with the note. China: Industrial production rose 4.2% y/y in August, from 3.8% in July. Consensus was 3.8%. China: Retail sales grew 5.4% y/y in August, from 2.7% in July. Consensus was 3.3%. China: Fixed asset investment rose 5.8% ytd y/y in August, from 5.7% in July. Consensus was 5.5%. China: New home prices

The post Chinese growth is terrible and will stay that way appeared first on MacroBusiness.

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