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Cheeseburger Gothic Wednesday, September 14, 2022 - 08:27 Source

Mrs. Dalloway

Mrs. Dalloway said she would buy the flowers herself, but when she tried to get her kid to put on pants he said that pants were scary and then screamed for 35 minutes so I guess, fine! No flowers!

There’s more. They’re pretty good.

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Your Democracy Wednesday, September 14, 2022 - 07:24 Source

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MacroBusiness Wednesday, September 14, 2022 - 06:31 Source

Now that is risk-off. DXY to the moon: AUD through the floor: Oil sticky but the trend is clear: Dirt held on. Some never learn: Miners let go: EM stocks back to the cliff edge: Woe is junk: The Treasury curve is a bath of blood. This is unequivocally signaling US recession ahead: Village idiot

The post Australian dollar annihilated with stocks appeared first on MacroBusiness.

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Renew Economy Wednesday, September 14, 2022 - 06:30 Source

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The Australian Independent Media Network Wednesday, September 14, 2022 - 06:00 Source

The question is; should Australia become a republic with its own head of state? It’s a question that could have and should have waited until the burial of Queen Elizabeth was over and a time of mourning had passed. Although I had hoped it wouldn’t happen until an appropriate time after her death, it has.…

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Renew Economy Wednesday, September 14, 2022 - 01:00 Source

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MacroBusiness Wednesday, September 14, 2022 - 00:10 Source

The Australia Institute (TAI) published a report recently complaining that Australia’s emissions have barely fallen since 2005: Counting land use might make things look better, but it is a fake picture of Australia’s emissions Whenever you hear talk of emissions reduction, both the former and current government will often refer to how there has been

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MacroBusiness Wednesday, September 14, 2022 - 00:05 Source

Last week I argued that Australia’s rental market was “hurtling toward disaster” given the nation had just recorded the fastest rental growth on record: Total rental listings have shrunk by around 40% over the pandemic across the combined capital cities, with vacancy rates also at record lows: Against this backdrop, the Albanese Government has committed

The post Rental crisis engulfs Australia appeared first on MacroBusiness.

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Renew Economy Wednesday, September 14, 2022 - 00:01 Source

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MacroBusiness Wednesday, September 14, 2022 - 00:01 Source

Global Macro / Markets / Investing: Goldman Sachs Prepares for Layoffs as Deal-Making Slows – NY Times Goldman Sachs Plans to Cut Hundreds of Jobs – WSJ US Economy Is a Safer Bet Than ‘Dire’ Europe, Goldman Strategists Say  – Bloomberg BRICS: How a Goldman Sachs acronym became a strategic economic bloc – CNBC Inflation

The post Links 14 September 2022 appeared first on MacroBusiness.

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Club Troppo Tuesday, September 13, 2022 - 22:00 Source

I always say that political economy is the best (or least worst) lens through which to examine how health systems work. This goes for Medicare, which is far more than a service delivery model  and has massive institutional and political import. 

 The recently established ‘Strengthening Medicare Taskforce’ reminded me how out-of-whack the approach to developing health policy is in Australia. We’re not unique in this, of course, but my assessment (having worked with the OECD for several years) is that power is more concentrated among the supply side here than elsewhere.

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Cheeseburger Gothic Tuesday, September 13, 2022 - 18:19 Source

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The Australian Independent Media Network Tuesday, September 13, 2022 - 17:57 Source

For many years, indeed since the failure of the 1999 referendum on the idea of an Australian Republic, it was predicted that the death of the Queen would resurrect the idea. This may seem a little too soon (I can practically hear the cries of ‘the body’s not even cold yet’), but if not now,…

The post The Queen is Dead: Long Live…The Republic? appeared first on The AIM Network.

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Your Democracy Tuesday, September 13, 2022 - 17:21 Source

Russia is no longer fighting a Ukrainian army equipped by NATO, but a NATO army manned by Ukrainians. Yet, Russia still holds the upper hand despite its Kharkiv setback.

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MacroBusiness Tuesday, September 13, 2022 - 16:30 Source

Asian stocks are continuing their rebound as overnight markets had solid starts, as traders position for tonight’s German and US inflation prints. The Australian dollar is basically unchanged as it remains slightly below the 69 cent level while in commodity land, oil prices are pulling back slowly with Brent crude slightly above the $94USD per

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, September 13, 2022 - 14:49 Source

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MacroBusiness Tuesday, September 13, 2022 - 14:30 Source

Last week, QV released its house price index for August, with values nationally collapsing 5.5% over the quarter. This came as the number of homes listed on Realestate.co.nz ballooned by 108% in August compared with a year earlier, with mortgage demand also collapsing in response to the Reserve Bank’s aggressive rate hikes: The pain continues,

The post New Zealand house prices suffer record collapse appeared first on MacroBusiness.

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Renew Economy Tuesday, September 13, 2022 - 14:17 Source

FRV Metz solar farm nsw

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MacroBusiness Tuesday, September 13, 2022 - 14:00 Source

I couldn’t care less about the Royal Family nor becoming a republic. In my view, the republic issue is a noisy distraction from important policy issues afflicting the nation, including: the ruthless gouging of Australians by the energy cartel; China’s aggression; the ‘Big Australia’ mass immigration policy; government corruption, waste and mismanagement; among many others.

The post Aussies choose Monarchy over a Republic appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 13, 2022 - 13:30 Source

The first hammer that will drop over the next six months is interest rates. Households have barely been touched by the extreme rate hikes to date, as CBA explains: The flow chart below illustrates the delay in pass-through from the RBA’s first 25bp rate hike in May to a CBA borrower on a standard variable

The post The Aussie consumer is about to be pancaked appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 13, 2022 - 13:00 Source

After spending months ridiculing the Grattan Institute (for example, see here, here, here, here and here) on its proposed low $70,000 wage floor for temporary skilled migrants, which is $13,000 below the 2021 Australian median full-time income of $83,000, it appears Grattan may have finally come to its senses. Commenting in The AFR, Grattan Institute

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The Australian Independent Media Network Tuesday, September 13, 2022 - 12:31 Source

Turn on the television. Move to the screen. Switch on the device – if you ever left it off. Queen Elizabeth II may have passed, but she is everywhere in very lively fashion, a spectral manifestation that has utterly controlled large chunks of a transfixed global media system. It helps that she has captured the…

The post Queenly Saturation appeared first on The AIM Network.

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MacroBusiness Tuesday, September 13, 2022 - 12:30 Source

It appears a combination of relentless Trump impeachment and lower petrol prices is lifting Democrat prospects into the mid-terms. Goldman has more. The midterm election outcome looks like a closer call. In the House, generic polling, special election results, and fundraising measures suggest Democrats are in a better position than a few months ago. However,

The post Democrats firm into mid-terms appeared first on MacroBusiness.

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Renew Economy Tuesday, September 13, 2022 - 12:24 Source

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MacroBusiness Tuesday, September 13, 2022 - 12:00 Source

Economist Chris Richardson has penned an article in The AFR explaining how Treasurer Jim Chalmers may “pull a rabbit from the budget hat” thanks to soaring commodity prices. However, this is coming at the expense of workers, whose real incomes are getting smashed: An export boom and soaring business revenues have delivered a bonus to

The post Energy cartel profits boom as workers bust appeared first on MacroBusiness.

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Renew Economy Tuesday, September 13, 2022 - 11:45 Source

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MacroBusiness Tuesday, September 13, 2022 - 11:40 Source

The excellent Michael Wilson of Morgan Stanley with his latest. This si all about the reverse bullwhip effect as pricing power evaporates just as demand hiccups. Thoughts From the Road Last week, we published meaningful cuts to our earnings forecasts that leave us 13% below the bottom-up consensus for 2023 S&P 500 EPS in our

The post Earnings rout dead ahead appeared first on MacroBusiness.

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Renew Economy Tuesday, September 13, 2022 - 11:29 Source

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MacroBusiness Tuesday, September 13, 2022 - 11:20 Source

The weekly ANZ-Roy Morgan consumer confidence index has been released, with confidence sliding 0.5% following the Reserve Bank of Australia’s (RBA) fourth consecutive 0.5% rate hike: The key movements in the sub-indices are summarised below: Consumer confidence decreased by 0.5% last week, a relatively small decline given the RBA increased the cash rate by 50bps.

The post RBA rate hikes hammer consumer confidence appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 13, 2022 - 11:00 Source

Yesterday, the National Skills Commission released its Internet Vacancy Index (IVI) – a monthly count of online job advertisements – which signaled that the Great Australian Jobs Boom might have come to an end. The IVI showed that total job advertisements have topped out at around 300,000 after roughly doubling from their pre-pandemic level: SEEK’s August

The post The Great Australian Jobs Boom ends appeared first on MacroBusiness.

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