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The Australian Independent Media Network Tuesday, February 6, 2024 - 12:41 Source

Holding the foreign policy of a country accountable in court, notably when it comes to matters criminal, can be insuperably challenging. Judges traditionally shun making decisions on policy, even though they unofficially do so all the time. The Center for Constitutional Rights, a New York-based civil liberties group, was not to be discouraged, most notably…

The post The Dangers of Complicity: The US Courts, Gaza and Genocide appeared first on The AIM Network.

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MacroBusiness Tuesday, February 6, 2024 - 12:30 Source

Leo Patterson Ross penned an article at the Tenants’ Union of NSW claiming that while “there is a clearly strong link between vacancy rates and real rents”, “there is not a strong link between population change and rent change”: This analysis is based on data from the 2016–2021 census period. The analysis obviously doesn’t pass

The post NSW tenants’ union fails renters appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 6, 2024 - 12:00 Source

Jobs & Skills Australia (JSA) has been asked for advice on what professions and jobs should be included in a new three-tier skills visa scheme, including one for lower-paid essential workers. With JSA being the government agency that assesses workforce needs, acting commissioner David Turvey says foreign agricultural labourers could be included in the proposed

The post Albo pivots to low-paid slave visas appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 6, 2024 - 11:30 Source

RBC with the note. Total commodity investor AUM in January started off the year on a weak note, albeit the least weak example in the last six months. Exchange traded products continued to decline due to withdrawals from the gold ETP (despite the usually gold-positive rate cut narrative). Meanwhile, index AUM itself experienced the least

The post Markets abandon commodities appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 6, 2024 - 11:00 Source

For several months, I have predicted that Australia’s unemployment rate would rise to around 5% by the end of this year, up from 3.9% currently. The reasons are simple. Forward-looking indicators like job ads and applications per job ad have deteriorated, as illustrated in the next chart from Seek: The number of job ads has

The post Aussie brace for unemployment shock appeared first on MacroBusiness.

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Renew Economy Tuesday, February 6, 2024 - 10:50 Source
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MacroBusiness Tuesday, February 6, 2024 - 10:30 Source

Data from PropTrack shows that the median house price in an additional 95 suburbs across Australia rose above $1 million in 2023. Brisbane led the way, with 39 of its suburbs joining the million-dollar club. The Brisbane suburbs of Sunnybank Hills and Sunnybank recorded the strongest growth, with the median price rising by $208,799 (up

The post Brisbane launches into million-dollar property club appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 6, 2024 - 10:00 Source

The population ponzi is about to collapse on Victorians. Victoria has been at the forefront of Australia’s population expansion since the federal government increased immigration intake in the mid-2000s: Victoria’s population has increased by 2.1 million (46%) this century, reaching 6.8 million people. According to official forecasts, Victoria’s population would increase to 11.2 million by

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Your Democracy Tuesday, February 6, 2024 - 09:59 Source

GUSNOTE: THE ARTICLE THAT FOLLOWS COULD BE SEEN AS A CONSPIRACY THEORY.... READ ON...

VT: We have been reminded that this piece from Thomas Mattingly points the finger at Israel for the current state of affairs in the US, near civil war, armed gangs of fake prison guards waiting to be deployed to block an election and a suicidal civil insurrection by MKUltra zombie Trumptards.  Read why…

     By Thomas J. Mattingly – 15 February 2017

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MacroBusiness Tuesday, February 6, 2024 - 09:30 Source

Last week was an unmitigated disaster for Australia’s housing market, with dwelling approvals and loans for purchasing or constructing a new home cratering. Annual dwelling approvals collapsed to only 162,200, which was the lowest result since March 2013 and below the historical average: Loans for purchasing or constructing a new home also remained near record

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Renew Economy Tuesday, February 6, 2024 - 09:11 Source
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MacroBusiness Tuesday, February 6, 2024 - 09:00 Source

Market expectations remain volatile in the wake of the US jobs report on Friday that saw the USD push the major currencies to new weekly lows while bond yields surged. This continued somewhat overnight as the latest ISM services print came in strong, indicating the US domestic economy remains well on track but Wall Street

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Tuesday, February 6, 2024 - 08:55 Source
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Renew Economy Tuesday, February 6, 2024 - 08:34 Source
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MacroBusiness Tuesday, February 6, 2024 - 08:30 Source

The Market Ear assesses the risks to the rally. 1 – More big beats. Less big misses 54% of companies reporting have beat street wide earnings estimates by >1SD. This is significantly higher than historical avg of 48%. Only 10% of companies have missed estimates by >1SD (less than historical avg of 13%). Goldman 2

The post Stocks rocked by 60 minutes appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 6, 2024 - 08:00 Source

Dalian iron ore is weak and looking like it is breaking its uptrend: SGX has some catching down to do versus rebar futures: Scuttlebutt is not positive: Rising inventory weighed on sentiment. Iron ore inventory across 35 ports tracked by the Shanghai Metals Market (SMM) totalled 126.26 million metric tons in the week as of

The post Iron ore approaches a cliff appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 6, 2024 - 07:37 Source

DXY to the moon: AUD through the trap door: North Asia with it: Oil and gold eased: Dirt puked: Miners too: EM yawn: Junk has abandoned the rally: As yields jackknife: Stocks only go up: Data and Fed speakers were all over the place, but it was generally a positive message. The JPM global PMI

The post Australian dollar hammered again appeared first on MacroBusiness.

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Your Democracy Tuesday, February 6, 2024 - 06:55 Source

https://www.youtube.com/watch?v=GtxfpA04LZM

 

The "Losers and Suckers" Hoax: DEBUNKED!

 

FREE JULIAN ASSANGE NOW...........

 

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MacroBusiness Tuesday, February 6, 2024 - 00:05 Source

PropTrack has released some stunning charts showing that Australia’s median housing affordability is the worst in at least 30 years: As shown above, the decline in affordability is broad-based, impacting both higher and lower-income earners. The next chart from PropTrack also shows that a median household in Australia can only afford 13% of homes sold

The post Aussie housing tumbles off affordability cliff appeared first on MacroBusiness.

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Cheeseburger Gothic Monday, February 5, 2024 - 20:10 Source

Every day I ask myself why I still have a Facebook account, and most days Gary Larson reminds me why. I clicked on a couple of Larson fan pages once, and the algo being what it is, my timeline filled up with Far Side cartoons.

This is pretty much the only good thing that ever happened on Facebook.

I used to love a new Larson cartoon and thought I’d seen all the classics.

Until this one dropped for me today.

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Your Democracy Monday, February 5, 2024 - 17:39 Source

Scott Ritter: How the Chechen miracle kick-started the Russian ‘Path of Redemption’In my recent visit, I met with people who once fought a bitter war against Moscow, but are now the country’s fiercest defenders

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MacroBusiness Monday, February 5, 2024 - 17:39 Source

‘A Midsummer Day’, Jane Sutherland, 1893, National Gallery of Victoria   AUD/USD   EUR/USD   USD/JPY   GBP/USD   Gold   WTI   Brent   Australia 200   US S&P 500   Japan 225   UK 100

The post Macro Afternoon: 5 February 2024 appeared first on MacroBusiness.

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MacroBusiness Monday, February 5, 2024 - 17:00 Source

Asian share markets are somewhat positive in the wake of the tech lead rally on Wall Street from Friday night following the latest US non farm payroll print, but also had to absorb the weekend attacks throughout the Middle East. The USD is still strong following the upside surprise in the jobs print with the

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Monday, February 5, 2024 - 15:19 Source
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AustralianPolitics.com Monday, February 5, 2024 - 14:31 Source

The Chinese Australian writer Yang Hengjun has been sentenced to death by a court in China.


Yang Hengjun

Yang Hengjun, a pro-democracy activist, has been detained for the past five years. His death sentence will likely be commuted to life imprisonment after two years of “good behaviour”.

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Renew Economy Monday, February 5, 2024 - 14:13 Source
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Your Democracy Monday, February 5, 2024 - 14:04 Source

At the National Prayer Breakfast Feb. 1, President Joe Biden called for prayers for a peaceful resolution of conflicts in Gaza and Ukraine, and he urged Americans to be united in the face of challenges.

In a speech to members of Congress at the interfaith event, Biden, who is Catholic, mentioned the fruits of the Holy Spirit, including peace.

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MacroBusiness Monday, February 5, 2024 - 13:30 Source

The Reserve Bank of New Zealand was one of the world’s most aggressive central banks, commencing its interest rate tightening cycle in October 2021 and hiking the official cash rate (OCR) by 5.25% over this cycle: As illustrated in the below chart from Justin Fabo at Antipodean Macro, average New Zealand mortgage rates continue to

The post Reserve Bank sinks housing market appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, February 5, 2024 - 13:03 Source

The release of the Vault 7 files in the spring of 2017 in a series of 26 disclosures, detailing the hacking tools of the US Central Intelligence Agency, was one of the more impressive achievements of the WikiLeaks publishing organisation. As WikiLeaks stated at the time, the hacking component of the agency’s operations had become…

The post Unaccountable Hackers: The CIA, Vengeance and Joshua Schulte appeared first on The AIM Network.

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MacroBusiness Monday, February 5, 2024 - 13:00 Source

Another step forward for the Pilbara killer today: Guinea’s National Transition Council approved a joint venture between Rio Tinto Plc, China-backed Winning Consortium Simandou and the government that seeks to develop the world’s biggest untapped iron ore reserve. I expect iron ore to be already dying before then. This will finish it off.

The post Pilbara killer approved appeared first on MacroBusiness.

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