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MacroBusiness
Monday, March 4, 2024 - 13:00
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Bill Mitchell from Brisbane Radio 4BC interviewed me, and I explained how ineffective government policies regarding energy and immigration have made the cost-of-living crisis in Australia worse. Below are highlights from the interview. Edited Transcript: If you take Queensland, for example. You are a massive energy exporter. You have got oodles of coal and oodles The post Dumb policies are driving up cost-of-living appeared first on MacroBusiness. |
The Australian Independent Media Network
Monday, March 4, 2024 - 12:34
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Despite the headlines on Sunday morning, it seems that the vast majority of the attendees at Mardi Gras last weekend were in fact ‘feeling the love’ police said the overall behaviour of 120,000 spectators and 12,500 participants on Saturday night was “pleasing”. There were no major incidents other than the arrest of the seven men… The post The biggest loser appeared first on The AIM Network. |
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MacroBusiness
Monday, March 4, 2024 - 12:30
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RBA futures are finally figuring out that interest rate cuts are coming. Though they still have the quantum and timing wrong. And I guess we can’t blame futures too much when the RBA itself seems to have no idea that it will be slashing rates in due course: Futures are beginning to align with the The post RBA futures finally figure out rate cuts are coming appeared first on MacroBusiness. |
MacroBusiness
Monday, March 4, 2024 - 12:13
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Bank economists had tipped that the Australian economy would narrowly avoid a contraction in GDP when the Q4 national accounts are released on Wednesday. Most economists tipped that the economy would grow by 0.2% to 0.3% over Q4, with per capita growth contracting for a fourth consecutive quarter. The Q4 business indicators data released on The post Aussie recession odds jump appeared first on MacroBusiness. |
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Renew Economy
Monday, March 4, 2024 - 12:09
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The Australian Independent Media Network
Monday, March 4, 2024 - 12:03
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By James Moore Anyone who knows the Texas and Mexico border in any manner even approaching familiarity, would have laughed in D. Trump’s face during his news conference at Eagle Pass. Technically, there was nothing news worthy about his appearance on the banks of the Rio Grande and he did not answer questions. Instead, he… The post The Borderlord: Chapter Two appeared first on The AIM Network. |
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MacroBusiness
Monday, March 4, 2024 - 11:50
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There is further good news on the inflation front, with the Melbourne Institute’s (MI) Inflation Gauge for February recording a 0.07% decline: The three-month annualised rate is also encouraging, falling to 1.2% in February from 1.5% in January. Over the year, the MI’s inflation gauge fell to 4.01%, which was a 22-month low: The core The post Aussie inflation continues to fall appeared first on MacroBusiness. |
Renew Economy
Monday, March 4, 2024 - 11:47
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MacroBusiness
Monday, March 4, 2024 - 11:41
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Via Indeed-ANZ: ANZ-Indeed Australian Job Ads resumed its downward trend in February, falling 2.8% m/m. Over the last year, Job Ads has declined in 92% of all occupational groups. And, as we know, labour supply is BOOMING, leading to higher unemployment in due course: Much higher UE and much faster than the RBA is currently The post Job ads resume tumble appeared first on MacroBusiness. |
MacroBusiness
Monday, March 4, 2024 - 11:30
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This is the most maddening observation of energy trade worldwide. The East Coast Gas Cartel still has local prices sitting 10-20% above export netback prices to Europe and Asia: This is playing a key role in keeping electricity prices around 80% higher than they should be on a quarterly moving average basis: Meanwhile, China doesn’t The post China and Japan re-export Aussie gas as they whinge appeared first on MacroBusiness. |
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MacroBusiness
Monday, March 4, 2024 - 11:00
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The Australia Institute’s (TAI) Greg Jericho was at it again last week, lamenting that Australia has only reduced its carbon emissions by 2.4% below 2005 levels, describing it as “pathetic”: Jericho made a similar whinge in October, bemoaning that Australia had little chance of meeting its 43% carbon reduction target by 2030: Matthew Ryan at TUAI The post The UnAustralia Institute gaslights on ‘net zero’ appeared first on MacroBusiness. |
xkcd.com
Monday, March 4, 2024 - 11:00
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Renew Economy
Monday, March 4, 2024 - 10:43
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The Tally Room
Monday, March 4, 2024 - 10:30
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I’ve been thinking for a while of publishing a regular newsletter which would have a bit of a different style to my usual blog posts, where I can discuss topics I’ve found interesting recently. For the last month I’ve started publishing such a newsletter via Patreon. This week’s newsletter went up earlier today and it includes my thoughts on the spin game around the Dunkley results. Each newsletter also gives me a chance to write a bit on stuff I’ve been reading recently. |
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MacroBusiness
Monday, March 4, 2024 - 10:30
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A report from S&P Global Ratings warns that the combined debt of Australia’s state and territory governments will reach a record $600 billion in 2024. This is forecast to reach $768 billion by 2027. In contrast, the combined debt was just $266.3 billion prior to the pandemic. Victoria’s gross debt is forecast to blow out to The post Victoria leads blowout in state government debt appeared first on MacroBusiness. |
MacroBusiness
Monday, March 4, 2024 - 10:00
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Or it’s the saddest bubble I can remember. The Market Ear with more. Right back to where we started “In the end, I wound up right back where I started. I could still pick winners, and I could still make money for all kinds of people back home. And why mess up a good thing.” The post That’s not a bubble! appeared first on MacroBusiness. |
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THE BLOT REPORT
Monday, March 4, 2024 - 09:49
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Nationalism is an ideology based on the premise that the individual’s loyalty and devotion to the nation-state surpass other individual, family or group loyalties. In world politics, nationalism implies the identification of the nation-state with the people1. |
MacroBusiness
Monday, March 4, 2024 - 09:30
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Hell hath no fury like an idiot Mainstaim Meda (iMSM) scorned: The current state of the iMSM is horrible: Nine’s metropolitans are centrist loss leaders for real estate sales. Nine’s AFR is the nation’s leading vested interest whore for hire. Murdoch’s The Australian is a culture war propagandist for the (anti-woke) fake right. The Guardian The post Bonfire of the idiot Mainstream Media appeared first on MacroBusiness. |
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Your Democracy
Monday, March 4, 2024 - 09:03
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ASEAN has been around for so long media outlets rarely spell the full name – Association of Southeast Asian Nations. That sounds significant and grand. It’s not.
The parade of talk going nowhere By Duncan Graham
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MacroBusiness
Monday, March 4, 2024 - 09:00
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Friday night saw a fall in bond yields and the USD in the wake of a softer than expected consumer confidence and ISM manufacturing print in the US, but this didn’t stop equities all across the complex pushing to new record highs. Wall Street zoomed higher alongside European stocks with the weakening USD giving the The post Macro Morning appeared first on MacroBusiness. |
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Renew Economy
Monday, March 4, 2024 - 08:54
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MacroBusiness
Monday, March 4, 2024 - 08:30
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Mike Burgess is being an ass: China’s leading spy agency has been revealed as the organisation behind the sustained targeting of Australians detailed by the nation’s spy chief in his annual threat assessment. In an exclusive interview with this masthead and 60 Minutes, ASIO Director General Mike Burgess has separately hit back at calls for The post ASIO betrays Australia appeared first on MacroBusiness. |
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Renew Economy
Monday, March 4, 2024 - 08:27
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MacroBusiness
Monday, March 4, 2024 - 08:00
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Westpac’s credit card index is a decent leading indicator for consumption. The Westpac Card Tracker Index* has softened slightly over the second half of February, easing to 127.8 over the week ended February 24 from 128.5 in the second week of the month. That is a firmer level compared to the weakness seen through Nov-Jan, which averaged The post Taylor Swift a bust for consumption appeared first on MacroBusiness. |
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Cheeseburger Gothic
Monday, March 4, 2024 - 07:38
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I look forward to Mike Elgan’s newsletter each Friday. I normally read it after sending my own out. (It reminds me of something Thatcher said once about “We can’t all make a living taking in each others’ laundry.” But perhaps we can by' reading each other’s newsletters.) Anyway, having thwarted a couple of bag thieves in Florence last year, his bit on 10 security tips for digital nomads hit my priors. I particularly liked the backpack strap trick. |
MacroBusiness
Monday, March 4, 2024 - 07:30
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The IEA released its annual CO2 data for 2023 last Friday. The news is not all bad with some tailing off in the trend: However, DM efforts are not yet offsetting EM surges, most notably in China: The landscape of emissions continues to change. China’s total CO2 emissions exceeded those of the advanced economies combined The post China is cooking the planet appeared first on MacroBusiness. |
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MacroBusiness
Monday, March 4, 2024 - 07:00
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On Friday night, Dalian futures tumbled to the recent lows: It had good reasons with Chinese PMIs weak: In February , the manufacturing purchasing managers index ( PMI ) was 49.1% , down 0.1 percentage points from the previous month. The new orders index was 49.0% , the same as last month and still below The post Iron ore tumbles to the lows appeared first on MacroBusiness. |
Cheeseburger Gothic
Monday, March 4, 2024 - 06:55
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There are so many things wrong with this story. Mostly the use of the word ‘A-Team’. This is embarrassing, and ASIO should stop it immediately. |
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Your Democracy
Monday, March 4, 2024 - 06:54
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As Vladimir Putin’s war enters its third year, it is time to count the bodies. Ukraine admits to 31,000 deaths suffered by its troops. The actual toll is probably much higher, not to mention all the serious injuries. Tens of thousands of its civilians have lost their lives, including hundreds of children, while 21,000 young people have been kidnapped and taken by force to Russia.
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John Quiggin
Monday, March 4, 2024 - 06:16
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My latest in The Conversation via my Substack If you believe Newspoll and the Australian Financial Review, Australia wants to go nuclear – as long it’s small. |
