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Renew Economy
Monday, February 19, 2024 - 14:19
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The Australian Independent Media Network
Monday, February 19, 2024 - 14:11
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He was sweet and well meaning, but he was old. He was hazy. His memory was poor. Doddering, confused, the self-proclaimed leader of the Free World seemed ready to check into a retirement village. That, at least, is the thick insinuation of the Special Counsel’s report on President Joe Biden’s mishandling of classified documents when… The post Joe Biden: The Damnation of Age appeared first on The AIM Network. |
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MacroBusiness
Monday, February 19, 2024 - 14:00
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Domain has published the below table showing the shocking increase in deposits required to purchase a median-priced house across the three largest Australian cities. As you can see, someone who purchased a house in Sydney in December 2018 at the then-median price of little under $1,067,000 would have needed $213,400 in savings for a 20% The post Home ownership becomes a distant dream appeared first on MacroBusiness. |
The Australian Independent Media Network
Monday, February 19, 2024 - 13:53
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With Australians enduring intense climate-related disasters during the past five years, analysts and lawyers are warning that prospective homeowners and investors could be buying into a perfect storm. Making buyers aware of the potential bushfire, flooding and coast erosion threats to property could be a compliance issue for governments, property lawyers, and the insurance industry.… The post Revealed: Properties in nature’s firing line appeared first on The AIM Network. |
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MacroBusiness
Monday, February 19, 2024 - 13:30
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It’s what they do best. And with every passing day, they get better at it. As expected, Labor will let “help to buy” die rather than engage on property tax reform: Anthony Albanese has challenged the Greens to vote against Labor’s shared equity scheme for housing, rebuffing the minor party’s demands to horse-trade in return The post Greens make another 10k Aussies homeless appeared first on MacroBusiness. |
MacroBusiness
Monday, February 19, 2024 - 13:00
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How amusing is this chart (in the usual dark way): In short: $14.7m to keep the pokies rort running. $9m to sustain the pharmacy monopoly. $4 to prevent the banks from being regulated. $1.4m for whatever HB clients want. $1.2m to prevent the taxation of mining. $1.05m to protect negative gearing and capital gains concessions. The post The cheap whores of Canberra appeared first on MacroBusiness. |
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Renew Economy
Monday, February 19, 2024 - 13:00
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Renew Economy
Monday, February 19, 2024 - 12:54
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The Australian Independent Media Network
Monday, February 19, 2024 - 12:54
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By James Moore “The two most powerful warriors are patience and time.” – Leo Tolstoy The water from atop the bridge was a cold and steely blue and even though I was barely an hour from home I felt as if I were abandoning all I had known. The emotional response was uncontrollable and I… The post Outbound Train appeared first on The AIM Network. |
MacroBusiness
Monday, February 19, 2024 - 12:30
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Australians are very poorly served by Canberra, which should be razed with everybody still in it. But spare a thought for the Americans who are served by their own brand of capital city scum. On the one hand, is criminality: Donald Trump and his real estate company suffered a major defeat in New York’s civil The post Between a crook and a codger appeared first on MacroBusiness. |
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MacroBusiness
Monday, February 19, 2024 - 12:00
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Bloomberg used to be good. Now it’s a hysteria machine: Investors and firms are flagging that the war in the Middle East poses a major risk for earnings as boycotts dampen sales and Red Sea shipping chaos threatens their supply chains. Those headwinds pose a danger to the record rally in US stocks, according to The post Geopolitics is not a risk to markets appeared first on MacroBusiness. |
MacroBusiness
Monday, February 19, 2024 - 11:30
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The AFR’s Jonathan Kearns argues that Australia’s interest rates are not as restrictive as those of other nations and are not high enough to tame inflation. Accordingly, Australia is unlikely to experience the ” immaculate disinflation” that will be experienced elsewhere and will have to keep rates higher for longer. “The basic metric for monetary |
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MacroBusiness
Monday, February 19, 2024 - 11:00
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The AFR’s Julie Hare reported over the weekend that “foreign students are leaving Australia in droves after visa crackdown”: “Net migration for international students was down 55% in the latter part of 2023 as departures far outpaced arrivals in the last two months of the year”, Hare wrote. “Australian Bureau of Statistics data shows that The post Axe falls on fake international students appeared first on MacroBusiness. |
xkcd.com
Monday, February 19, 2024 - 11:00
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MacroBusiness
Monday, February 19, 2024 - 10:30
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CBA economist Harry Ottley has published a chart pack that illustrates the dire consequences of record net overseas migration on Australia’s rental market. Residential building approvals have collapsed across the major jurisdictions: House commencements have also collapsed: Apartment commencements have likewise collapsed: The next chart summarises the situation at the national level, with approvals, commencements, |
MacroBusiness
Monday, February 19, 2024 - 10:00
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Ah, the good old days. When political operatives were intellects and patriots first. Party hacks second. I give you Bill Kelty at The Saturday Paper destroying Treasury unreformer Jim “Chicken” Chamlers. Many people have paid a high price for some very bad policy decisions: when governments stopped building homes for the poor in the numbers The post Bill Kelty horrified by coward Jim Chalmers appeared first on MacroBusiness. |
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Renew Economy
Monday, February 19, 2024 - 10:00
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MacroBusiness
Monday, February 19, 2024 - 09:30
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All we need is a proper gas reservation regime on the East Coast to supply our own super cheap gas to ourselves ahead of giving it all away to China, and this goes away: The energy industry has hit back at a proposed system allowing state governments to seek temporary extensions for [coal] power station The post Fix gas, fix everything appeared first on MacroBusiness. |
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Renew Economy
Monday, February 19, 2024 - 09:26
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MacroBusiness
Monday, February 19, 2024 - 09:00
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Friday night saw the follow up release of the US PPI inflation print that also came in hotter than inspected but didn’t garner the same reaction earlier in the week with the USD relatively steady and bond markets also calm. Wall Street fell back a little but remains near a record high with European stocks The post Macro Morning appeared first on MacroBusiness. |
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Your Democracy
Monday, February 19, 2024 - 08:42
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Back in the 1960s and 70s, the media was referred to as ‘The Fourth Estate’. The media played a role as a check and balance against government abuse of power, corruption, and overreach. The media was an integral part of any healthy democracy.
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MacroBusiness
Monday, February 19, 2024 - 08:30
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The Market Ear on the big stretch. Finally, stretched The GS sentiment indicator that measures positioning across various investors finally crawled back to “stretched” which should indicate lower returns going forward. Not a sell-signal per se, but “in the zone”. Goldman Et tu Bull-Bear? Can we get a nice “betrayal of the bulls” sell signal The post Bubble quivers as US inflation reheats appeared first on MacroBusiness. |
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The Tally Room
Monday, February 19, 2024 - 07:00
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Ben was joined by this week by Marcus Mietzner from the Coral Bell School of Asia Pacific Affairs at the ANU, and the author of The Coalitions Presidents Make, to discuss Prabowo Subianto’s clear victory in the first round of the Indonesian presidential election. |
John Quiggin
Monday, February 19, 2024 - 05:31
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Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. |
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Your Democracy
Monday, February 19, 2024 - 05:06
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Ursula von der Leyen will formally announce her candidacy for a second term as president of the European Commission on Monday, German tabloid Bild has reported. Von der Leyen has already hinted that she seeks a second term, promising on Saturday to appoint a dedicated “defense commissioner” if she holds on to her office. |
Your Democracy
Monday, February 19, 2024 - 04:35
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US President Joe Biden’s efforts to punish Moscow over the Ukraine crisis have failed, and his rhetoric and weak leadership have only encouraged more aggression by Russian leader Vladimir Putin, ex-White House aide John Bolton has claimed. |
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Your Democracy
Monday, February 19, 2024 - 04:31
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Tesla and SpaceX CEO Elon Musk has seemingly agreed with American investor David Sacks, who believes that the Ukraine conflict will end in a heavy defeat for Kiev, but that the West will try to spin the narrative in a way to sweep the truth under the rug. On Sunday, Sacks published a post on X (formerly Twitter) entitled “A war of lies,” arguing that the Ukraine conflict is based on falsehoods and deceit about “how it started, how it’s going, and how it will end.” |
MacroBusiness
Monday, February 19, 2024 - 00:10
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If you want a textbook example of why the Australian Greens cannot be trusted, check out the below lies from housing spokesperson Max Chandler-Mather on Sunday’s ABC Insiders program. Chandler-Mather point blank lied that record immigration has had minimal impact on the nation’s housing market. He has also called for an even larger intake, claiming |
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MacroBusiness
Monday, February 19, 2024 - 00:05
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Attention anybody. Australian gas is now comfortably the most expensive anywhere on planet earth: US $2.50Gj Europe $8.70Gj net back. Asia $10.60Gj net back. Australian gas is $11.73Gj. It comes out of the ground for next-to-nothing up the road: Canberra has a spaghetti bowl of existing and possible regulations to fix this in an instant: The post Attention anybody: Aussie gas MOST EXPENSIVE IN WORLD appeared first on MacroBusiness. |
Your Democracy
Sunday, February 18, 2024 - 18:04
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Ukrainian President Vladimir Zelensky has offered to give Donald Trump a tour of Kiev’s battlefront with Russian forces, saying America’s leading opposition presidential candidate should see the conflict with his own eyes before making policy decisions. |
