Blogotariat

Between the growing leaks from within the Liberal Party on how Opposition Leader Sussan Ley’s leadership is terminal and the odds of bookies now showing Andrew Hastie as the odds-on favourite to be the next leader of the Coalition, Hastie’s ascension to the top job on the Australian right is increasingly seen to be a

The post Hastie’s big polling problem appeared first on MacroBusiness.

Always follow the Fed. The Market Ear. Keep it simple… …follow the 10 year, but the US outlook is murkier than many think. Hatzius’ (GS) call for a Dec-10 rate cut lines up with softer alternative labor data showing the economy may be losing momentum. The slowdown may be necessary: once tariffs fade, tax cuts

The post Follow the Fed appeared first on MacroBusiness.

My learned colleague, LVO, today argues that wind farms are environmentally destructive. He makes some excellent points about their ecological footprint in land-clearing practices. I would only counter by saying that most of Australia’s best wind resources are in pretty remote regions. This raises the question of whether the wind resources will remain sufficient given

Renew Economy reported on Andrew (Twiggy) Forrest’s 414-megawatt (MW) Uungula Wind Farm, which has begun pouring concrete foundations for 69 turbines: “Squadron—controlled by iron ore billionaire and green energy evangelist Andrew Forrest—revealed that 11 foundations had already been poured, with foundation anchor cages currently being assembled in preparation for reinforcing steel installation and further concrete

DXY copped it last night on a swath of bad data. AUD rose, but in the circumstances, it was pretty subdued. CNY took off. JPY reversed with yields, but it’s not persuasive yet. Gold up, oil down. AI metals struggled. The chosen one launched. EM too. Junk is back. As yields tumble. Reducing stocks. Bad

The post Australian dollar jumps as US economy stumbles appeared first on MacroBusiness.

Abul Rizvi is a strange guy. He has spent years attacking me and howling “racism” at anybody calling for lower, more sustainable levels of immigration. Yet when pushed, Rizvi often holds similar views. The latest case in point is Rizvi’s hand-wringing over the Albanese government’s failure to control immigration, which he claims empowers extremists. In

The post So, Abul Rizvi also supports lower immigration? appeared first on MacroBusiness.

Overnight solid earnings on tech stocks sent Wall Street higher even though NVIDIA is off somewhat with additional US economic data (or lack thereof due to the Trump regime hiding the bad news) reinforcing the notion that the December rate cut from the Fed is firming, giving a general boost to risk markets. The USD

The post Macro Morning appeared first on MacroBusiness.

Brisbane’s post-pandemic housing boom has trashed affordability for first home buyers and tenants alike. Turning to prices first, Proptrack reports that Brisbane dwelling values have soared by 104% since the beginning of the Covid-19 pandemic in March 2020: The impact on affordability was illustrated in all of its hideous glory in Cotality’s latest housing affordability

London: A deal to end the war in Ukraine has gained more ground in talks to settle deep disputes over land claims and military power, as leaders from the US and Europe claim progress in revising the terms to be put to Russia.

For years one of the most hazardous places to stand was between mining billionaire Andrew Forrest and a microphone. These days the even-wealthier Gina Rinehart is challenging Forrest on visibility and hyperbole.

Jowett and O’Donnell (2012), scholars in the field of political communication and propaganda studies, define propaganda as “the deliberate, systematic attempt to shape perceptions, manipulate cognitions, and direct behaviour to achieve a response that furthers the desired intent of the propagandist.”