MacroBusiness
Wednesday, March 13, 2024 - 14:00
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In an interview with Sky News’ Sharri Markson on Tuesday night, I spoke about the rental crisis, immigration, and the cost of living crisis. Below are key highlights. Sharri Markson: The latest AFR fresh freshwater strategy poll says that 72% of Australians say they want the Labor government to make it their most important issue The post Soaring rents a key driver of cost of living crisis appeared first on MacroBusiness. |
MacroBusiness
Wednesday, March 13, 2024 - 13:30
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Late last week, The AFR reported that Victoria’s state government debt has blown out by another $11.7 billion to more than $126 billion. Global ratings agency S&P also warned that Victoria is on track to almost double its debt by 2027 to $247.2 billion. This means that Victoria’s interest bill could exceed $33 million per day, The post Feds bailout debt-laden Victoria appeared first on MacroBusiness. |
Renew Economy
Wednesday, March 13, 2024 - 13:01
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MacroBusiness
Wednesday, March 13, 2024 - 13:00
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Late last month, the Albanese government released the Australian Universities Accord Final Report, which sets the following higher education attainment targets: By 2050, the tertiary education attainment rate in Australia will have increased from 60% to at least 80% of the workforce. By 2050, the proportion of Australians aged 25 to 34 with a university |
MacroBusiness
Wednesday, March 13, 2024 - 12:30
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I reported on Tuesday how Australia’s baby boomers are growing their financial war chest, lifting their savings by 6.5% last calendar year, despite spending more than other cohorts: At the other end of the spectrum, younger Australians are outright cutting their spending while they watch their savings shrink. The baby boomers’ good financial fortune reflects The post Baby boomers splash cash on Australian property appeared first on MacroBusiness. |
MacroBusiness
Wednesday, March 13, 2024 - 12:00
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Goodbye NAB survey. Westpac with the note. The latest private business survey confirmed a soft economy notwithstanding a small rise in business conditions, a move driven by a bounce in WA. Business confidence is low and moved lower still as the sustained contraction in forward orders rolls-on. These were some of the main findings from The post NAB survey slip sliding away appeared first on MacroBusiness. |
Renew Economy
Wednesday, March 13, 2024 - 11:41
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MacroBusiness
Wednesday, March 13, 2024 - 11:30
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This is just rubbish: The Coalition’s nuclear energy plan will offer incentive packages for communities, including potential subsidised electricity prices for local industries, upgraded community infrastructure, and transition packages for workers to higher-paid jobs. The Australian can reveal that Peter Dutton is considering a range of options for community incentives based on similar models in |
MacroBusiness
Wednesday, March 13, 2024 - 11:00
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I noted last week how Australian mortgage borrowers have been hit especially hard by rising interest rates, recording one of the largest rises in average mortgage rates in the world: Bank for International Settlements data to the September quarter of 2023 also showed that principal and interest debt repayments as a share of household The post Lenders tighten screws on mortgage borrowers appeared first on MacroBusiness. |
xkcd.com
Wednesday, March 13, 2024 - 11:00
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Your Democracy
Wednesday, March 13, 2024 - 10:57
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French President Emmanuel Macron’s talk about maybe sending troops to aid Kiev may have been spurred by three assessments produced by the French military that painted a dire picture of the Ukraine conflict, according to the magazine Marianne. |
MacroBusiness
Wednesday, March 13, 2024 - 10:47
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Trouble in AUKUS? Defence Minister Richard Marles insists AUKUS partners are working “at pace” to help Australia acquire nuclear-powered submarines after the United States revealed it would halve next year’s planned procurement of Virginia-class boats. Under the Biden administration’s defence budget request released on Tuesday (Canberra time) the US Navy confirmed it would order just The post AUKUS porkus appeared first on MacroBusiness. |
MacroBusiness
Wednesday, March 13, 2024 - 10:30
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Justin Trudeau has delivered a nightmare economy for Canadians. Last year, Canada’s population grew by more than 1.2 million people, driven almost entirely by net overseas migration: This population surge has resulted in a severe housing shortage throughout Canada: Housing starts have fallen way behind population increase: As a result, Canada’s rental vacancy rate has The post Canada’s Aussie economy turns disaster zone appeared first on MacroBusiness. |
MacroBusiness
Wednesday, March 13, 2024 - 10:00
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Housing Industry Association (HIA) executive director Geordan Murray says that the building sector has not been able to attract a “proportionate share of the migrant workers who come to Australia”. He says that if the sector had been able to recruit migrant workers proportionate to its 9% share of the workforce, it would have an The post HIA: migration system worsening housing shortages appeared first on MacroBusiness. |
The Tally Room
Wednesday, March 13, 2024 - 09:30
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One of the almost unique features of Tasmania’s Hare-Clark electoral system is the potential for voters to choose individual candidates over others in the same party, and on occasion achieve the outcome of an individual MP losing their seat to a fellow member of the same party. Even when that doesn’t happen, it’s common that multiple members of the same party are competing for the same seat. |
MacroBusiness
Wednesday, March 13, 2024 - 09:30
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There are three great challenges currently facing Australia: The role of immigration in Albo’s astonishing housing crisis. The East Coast Gas Cartel’s role in ruining the energy transition. The role of China in an unfolding national income shock. Yet we can’t talk about any of the three. On housing, how can we find a solution The post Australia is muzzled appeared first on MacroBusiness. |
Renew Economy
Wednesday, March 13, 2024 - 09:18
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The Australian Independent Media Network
Wednesday, March 13, 2024 - 09:16
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As I often remind everyone, the trouble with conspiracy theories is that they start from two central truths of life: You can’t trust people in authority. Always look carefully at the evidence. The Illuminati is controlling everything. Now my more astute readers will have noticed that I listed three things when I said that there… The post The Strange Cases Of Kate, Dutton And The Man On The Moon… appeared first on The AIM Network. |
MacroBusiness
Wednesday, March 13, 2024 - 09:00
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Overnight saw currency markets having a very muted reaction to the latest US inflation data which came in slightly higher than expected which gave USD some relief post last week’s unemployment downside. Wall Street loved the print and bounced back to new highs, taking European shares along the way while the Australian dollar has retraced The post Macro Morning appeared first on MacroBusiness. |
Your Democracy
Wednesday, March 13, 2024 - 08:12
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NATO head rejects Pope’s ‘white flag’ appeal to UkraineThe pontiff suggested that Kiev should “find the courage” to end the conflict with Moscow through talks... |
MacroBusiness
Wednesday, March 13, 2024 - 08:00
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The Market Ear has the latest stock positioning. Record momentum crowding “Our non-linear crowding estimate of Momentum is flashing red at 99.8%ile with the fastest increase ever in the past month”. (JPM) JPM Chasing quality Quality vs market P/E spread has exploded. The move from lows is even more extreme than what we saw during The post The thundering herd appeared first on MacroBusiness. |
Your Democracy
Wednesday, March 13, 2024 - 07:53
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Last week, the Wall Street Journal published new details of the failed Ukraine peace talk held in Istanbul in the spring of 2022. The story resembles some kind of off-the-wall pro-Kiev propaganda along the lines of 'look how Moscow tried to subjugate them, it’s no wonder the Ukrainians refused.' |
MacroBusiness
Wednesday, March 13, 2024 - 07:30
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Another Chinese property titan and deck chair on the Titanic is slipping below the rising waves: China Vanke Co. is in talks with banks on a debt swap that would help the cash-strapped developer stave off its first-ever bond default, according to people familiar with the matter. Vanke’s major creditor banks are considering a plan The post Vanke sinks below the waves appeared first on MacroBusiness. |
Cheeseburger Gothic
Wednesday, March 13, 2024 - 07:06
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I'm an occasional listener of Andrew Huberman's podcast, usually when it crosses over into one of my areas of interest. It's so dense with information and runs so long every episode that I usually have to listen a couple of times to get all of the marrow out of the bone. I'll be chewing over the latest episode, an interview with Cal Newport, author of 'Deep Work', my all-time favourite book about how to get shit done, for at least a month. The interview runs for nearly three hours and starts off with a drolly amusing meet cute. "Doctor Newport." "Doctor Huberman." … |
Your Democracy
Wednesday, March 13, 2024 - 06:52
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M23 rebellion in North Kivu province. Rwandan troops are now directly involved in the fighting. Congolese Armed Forces suffered multiple setbacks. Major humanitarian crisis. UN peacekeepers to leave the country. Regional war could erupt. DR Congo is Preparing for WAR Against Rwanda https://www.youtube.com/watch?v=xjb8ZCRMt14
FREE JULIAN ASSANGE NOW.... |
MacroBusiness
Wednesday, March 13, 2024 - 06:42
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DXY firmed last night: AUD fell: With North Asia: Oil and gold too: Copper is coiled: Ask the Easter Bunny why RIO rallied: EM may be coiling for reflation: Junk is grinding on: Yields popped: But stocks rocked: US inflation was hot but the composition reassured bulls: February core CPI rose 0.36%, 6bp above consensus The post Australian dollar squashed by US inflation appeared first on MacroBusiness. |
MacroBusiness
Wednesday, March 13, 2024 - 05:43
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Rebar futures fell again yesterday: I see no reason why they should stabilise yet. If domestic steel demand is weak, cheaper prices will be needed to increase export volumes. Iron ore continues to fall as well, hitting new lows on the Dalian bourse overnight: It is interesting to note that night trading in conjunction with The post Iron ore $20 is coming appeared first on MacroBusiness. |
Renew Economy
Wednesday, March 13, 2024 - 01:23
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Renew Economy
Wednesday, March 13, 2024 - 01:23
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MacroBusiness
Wednesday, March 13, 2024 - 00:05
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This would be amusing if it wasn’t so scary: Productivity’s influence on wages growth and the supply side capacity of the economy makes it a crucial consideration for the Reserve Bank, RBA chief economist Sarah Hunter says. “We do care very much about what’s happening with productivity because it’s fundamental to understanding the economy, the The post Urgent memo to Sarah Hunter, RBA chief economist appeared first on MacroBusiness. |