Renew Economy
Monday, February 3, 2025 - 13:35
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MacroBusiness
Monday, February 3, 2025 - 13:30
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The Market Ear with the latest update on equity internals. That was quick SPX approaching range highs soon. Monday’s intraday lows actually touched the 100 day… Refinitiv Vulnerable shorts 1. Post-Monday’s AI selloff, long positions have become cleaner as “risky” longs were sold. 2. Monday saw the highest net selling since September 2024, driven by The post Will tariffs blow up stocks? appeared first on MacroBusiness. |
Renew Economy
Monday, February 3, 2025 - 13:28
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Renew Economy
Monday, February 3, 2025 - 13:00
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MacroBusiness
Monday, February 3, 2025 - 13:00
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CoreLogic data shows that national rental affordability hit an all-time low at the end of 2024, with 33% of median household income spent on the national median rent. According to CoreLogic, this followed a 37% increase in asking rents over the past five years, whereas PropTrack reported a 47% increase in rents over the same The post Sydney and Melbourne rents fall appeared first on MacroBusiness. |
Renew Economy
Monday, February 3, 2025 - 12:50
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MacroBusiness
Monday, February 3, 2025 - 12:30
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This is not a debate. It is propaganda from both sides. Opposition Leader Peter Dutton has claimed his nuclear energy policy would cut power bills by 44 per cent, but analysis by the renewables sector warns it could actually drive up electricity costs by more than $1000 a year for millions of Australians with rooftop The post Renewables or nuclear will blow up electricity prices appeared first on MacroBusiness. |
MacroBusiness
Monday, February 3, 2025 - 12:00
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They say that the fish rots from the head, and there is no better example than Michael Stutchbury and the AFR. The decomposing marine skull is no longer the editor, but he still writes biased drivel. This week’s CPI reading showing annual underlying inflation easing to 3.2 per cent in the last three months of 2024 suggests The post Rotten fish head pressures RBA to hold appeared first on MacroBusiness. |
MacroBusiness
Monday, February 3, 2025 - 11:30
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The Australian dollar has gapped into madness this morning following El Trumpo tariffs. DXY to the moon! AUD positioning is very short but not extremely so. Likewise the DXY long. If Canada, Mexico or China respond in kind, this is going to go nuclear. The post Australian dollar gaps into madness appeared first on MacroBusiness. |
MacroBusiness
Monday, February 3, 2025 - 11:00
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Victoria’s net debt is the worst in the nation, with the state having the lowest credit rating. The “ruinously expensive” Suburban Loop Project (SRL) risks worsening the debt situation. The independent Parliamentary Budget Office (PBO) projected that the cost to build and run all three planned stages of the SRL would cost more than $200 The post Victorian taxpayers railroaded again appeared first on MacroBusiness. |
xkcd.com
Monday, February 3, 2025 - 11:00
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MacroBusiness
Monday, February 3, 2025 - 10:30
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Goldman with the note. BOTTOM LINE: President Trump signed executive orders that impose tariffs on imports from Mexico, Canada, and China effective Feb. 4. The White House has conditioned removal of the tariffs on improvement in the immigration and fentanyl situations but has not provided specific goals. While the outlook is unclear, we thinkthe Canada- The post Trump tariffs in detail appeared first on MacroBusiness. |
MacroBusiness
Monday, February 3, 2025 - 10:00
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Peter Dutton is showing that the Coalition also cannot be trusted on immigration. After promising heavy cuts to net overseas migration last year, the Coalition’s election statement on immigration has only promised to cut the permanent migrant intake by 25% for two years and offered no target for temporary or net overseas migration. The Coalition’s The post Coalition to re-launch money laundering visas appeared first on MacroBusiness. |
MacroBusiness
Monday, February 3, 2025 - 09:30
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Albo has been a catastrophe for Aussie living standards. His lies are outrageous. The prime minister acknowledged the tough financial circumstances of the past three years, underpinned by high inflation and interest rates, but he indicated that the worst was over, the nation was at “the beginning of where we want to be”, and more The post Incredibly, Dutton is a worse economic manager than Albo appeared first on MacroBusiness. |
MacroBusiness
Monday, February 3, 2025 - 09:00
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You get a trade war – you get a trade war – we all get a trade war! Well, not Australia directly yet but as a satellite of Chyna, it matters not as the Trump wrecking ball through the international economic order yielded a serious blow over the weekend as both Canada and Mexico stepped The post Macro Morning appeared first on MacroBusiness. |
Your Democracy
Monday, February 3, 2025 - 08:54
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As campaigning ramps up ahead of the date announcement for the 2025 federal election, shadow attorney-general Michaelia Cash says Opposition Leader Peter Dutton would take action in the same manner as US President Donald Trump. Answering a question on Nine’s Today this morning, Cash said Trump was showing that “he’s a man of action” by delivering his promised tariffs on Canada, Mexico and China.
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Your Democracy
Monday, February 3, 2025 - 08:50
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In 2024, member states collectively spent an average of 1.9% of GDP on defence, while Russia was spending 9%, Kaja Kallas told the audience of the European Defence Agency annual conference on Monday. The European Union must boost its defence spending to "prepare for the worst" and be able to defend itself "alone if needed" against a belligerent Russia, the EU's top diplomat Kaja Kallas said on Wednesday. |
John Quiggin
Monday, February 3, 2025 - 08:35
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Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. |
Your Democracy
Monday, February 3, 2025 - 08:23
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What do Ronald Reagan, Margaret Thatcher and John Howard have in common with the Piltdown Man? They all managed to sell a hoax that lasted for decades, before it was exposed as completely false. But wait, their hoax is still central to transglobal neoliberal capitalism’s stranglehold on us all, whereas Charles Dawson’s 1912 forged ‘missing link’ skull from East Sussex became a lesson in how dangerous it is to let preconceptions override evidence.
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MacroBusiness
Monday, February 3, 2025 - 08:00
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The following video, which is making the rounds on Twitter (X), features opposition leader Peter Dutton explaining how he “saved diligently” to buy his first house in Brisbane at the age of 19. “I have saved diligently over those years and it allowed me to put together a deposit for a house. And I bought The post Politicians should never lecture on housing affordability appeared first on MacroBusiness. |
MacroBusiness
Monday, February 3, 2025 - 00:05
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The Department of Home Affairs released temporary visa data for Q4 2024, revealing 2,250,000 temporary visa holders in Australia, excluding visitors, at the end of 2024. This was a record for the December quarter, representing a 116,000 increase over the same period in 2023. There were also roughly 470,000 more temporary visas in Australia than The post Indians deliver record-breaking temporary visa boom appeared first on MacroBusiness. |
Your Democracy
Sunday, February 2, 2025 - 17:48
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Jan 30 (Reuters) - President Donald Trump on Thursday warned off BRICS member countries from replacing the U.S. dollar as a reserve currency by repeating a 100%-tariffs threat he had made weeks after winning the November presidential elections. |
Your Democracy
Sunday, February 2, 2025 - 12:34
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NPR Chief's DIABOLICAL Comments on ‘Truth’ Trigger FCC INVESTIGATION https://www.youtube.com/watch?v=SyG2p-YBEe8
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THE BLOT REPORT
Sunday, February 2, 2025 - 12:03
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The Mango Mussolini has refused to rule out economic pressure or military action to take over Greenland. Greenland is currently one of the two autonomous territories of the Kingdom of Denmark; the other being the Faroe Islands1. Inhabitants of both of those territories are citizens of Denmark and as Denmark is part of the European Union, they are therefore European Union citizens2. |
John Quiggin
Sunday, February 2, 2025 - 11:09
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“The cemeteries are full of indispensable people.” In one form or another, this observation has been made many times over the last century or more. |
MacroBusiness
Sunday, February 2, 2025 - 10:03
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DXY is back. AUD is tariffied. Auld lead boots is the big question as the tariffs land. Oil keeps bleeding. Gold to the moon. The Crap Complex—dirt, miners, junk, EM—pooed its pants. Curve flattened. Stocks eased. Trump applied his tariffs. “Today, I have implemented a 25% Tariff on Imports from Mexico and Canada (10% on The post Australian dollar tariffied appeared first on MacroBusiness. |
Your Democracy
Sunday, February 2, 2025 - 08:57
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The Bureau of Meteorology has been using hundreds of millions of dollars granted specifically for “proactive” maintenance of its ageing weather observing system to prop up the agency’s deteriorating financial position and cover cost overruns on major technology rollouts. According to a scathing audit report, it has also failed to account for this money. |
Your Democracy
Sunday, February 2, 2025 - 08:54
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GUSNOTE: NOT BEING FAMILIAR WITH THIS SHAKESPEARE'S PLAY, I HAD TO DIG AROUND TO FIND A MODERN INTERPRETATION. FROM THE NEW YORKER: |
Your Democracy
Sunday, February 2, 2025 - 08:35
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A “huge” new bureaucracy, numbering thousands of extra public servant positions, would need to be created by the Coalition to establish and support an Australian nuclear power industry, according to the minister for public service, Katy Gallagher. |
Your Democracy
Sunday, February 2, 2025 - 08:15
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Moscow has condemned remarks by UN Secretary-General Antonio Guterres which omitted mention of the Red Army’s role in freeing the inmates of Auschwitz, as well as the Soviet Union’s sacrifices in defeating Nazi Germany. Guterres spoke on Monday to mark the anniversary of the concentration camp’s liberation. |