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MacroBusiness
Thursday, February 22, 2024 - 12:30
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Deconstructing today’s political leaders is like shooting fish in a barrel with a howitzer. They are so stupid or corrupt that you can’t miss them. All it takes is the slightest historical context; they are exposed as frauds. Take Albo’s latest buffoonery about supermarket profit gouging: Anthony Albanese has dismissed calls for forced divestiture powers The post Albo is the cuddly face of the gouging oligopolies appeared first on MacroBusiness. |
Renew Economy
Thursday, February 22, 2024 - 12:01
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MacroBusiness
Thursday, February 22, 2024 - 12:00
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The latest data from the Federal Chamber of Automotive Industries (FCAI) shows that new car sales in Australia are booming with a record 89,782 new vehicles sold in January 2024, 5.8% more than January 2023 and breaking the previous January record of 88,551 set in 2018: Despite the boom in new sales, the below chart The post Australia oversupplied with new cars appeared first on MacroBusiness. |
MacroBusiness
Thursday, February 22, 2024 - 11:30
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According to NVDA, AI has passed the tipping point, as it printed impossible sales numbers for AI chips: …accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations. But is that the tipping point of madness? Via FTAalphaville: Yesterday OpenAI published an incident report about “unexpected The post AI passes tipping point…of insanity appeared first on MacroBusiness. |
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MacroBusiness
Thursday, February 22, 2024 - 11:00
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The notion is that if Australia simply relaxed planning restrictions and let developers build apartments wherever they wanted, then Australia’s housing crisis would magically resolve. This myth has been demolished by an article in the Daily Telegraph, which reports that “Almost one billion worth of housing in one of Sydney’s most affordable local government areas The post Relaxing planning won’t magically build housing appeared first on MacroBusiness. |
MacroBusiness
Thursday, February 22, 2024 - 10:30
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A poke in the eye for the bears. From Judo Bamk. Flash Australia Composite PMI Output Index: 51.8 (Jan: 49.0), 10-month high Flash Australia Services PMI Business Activity Index: 52.8 (Jan: 49.1), 10-month high Flash Australia Manufacturing PMI Output Index: 45.0 (Jan: 48.5), 45-month low Flash Australia Manufacturing PMI: 47.7 (Jan: 50.1), 2-month low And The post Aussie flash PMI pops appeared first on MacroBusiness. |
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The Tally Room
Thursday, February 22, 2024 - 10:30
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The Victorian state government last week announced the final ward boundaries for 39 councils for this October’s council elections. I’ve been compiling those ward boundaries as a shapefile and that’s now finished. The VEC published KML files for every proposed set of ward boundaries. Unfortunately these boundaries weren’t always used for the final boundaries, and no new KML files were published for the final version. About a third of the councils saw some wards changed, and another third or so changed the ward names. |
The Australian Independent Media Network
Thursday, February 22, 2024 - 10:06
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By James Moore I do not understand. Perhaps, I never will. Does anyone? As Russia kills innocents in Ukraine and dissidents within its own borders, a former American president refuses to criticize the murderous dictator. Maybe, it’s because he idolizes the brutality and wants some of his own to deploy for political purposes on American… The post The Hero Haunted World appeared first on The AIM Network. |
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MacroBusiness
Thursday, February 22, 2024 - 10:00
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Justin Fabo at Antipodean Macro has published a series of charts assessing Wednesday’s wage price index data from the Australian Bureau of Statistics (ABS), which posted the strongest annual nominal growth since March 2009. “Private-sector wages growth was +0.9% q/q while public-sector wages growth of +1.3% q/q was boosted by pay outcomes for health workers The post Australian wage growth has peaked appeared first on MacroBusiness. |
MacroBusiness
Thursday, February 22, 2024 - 09:30
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If you want to able to sell Fanta to China in times of war, you will need a source of it other than Australia: Rio Tinto’s board has approved the world’s biggest mining project in West Africa, chief executive Jakob Stausholm said as he outlined the company’s ambition to produce iron ore from the $20bn The post RIO pulls trigger on Pilbara killer appeared first on MacroBusiness. |
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MacroBusiness
Thursday, February 22, 2024 - 09:00
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Wall Street remains listless while bond markets saw more selling as yields rose across the complex in the wake of the release of the latest FOMC Minutes, which found most Fed members concerned about “too fast” rate cuts. The USD was largely unchanged against most of the majors with the Australian dollar again stuck at The post Macro Morning appeared first on MacroBusiness. |
MacroBusiness
Thursday, February 22, 2024 - 08:08
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DXY is still easing back: AUD is trading sideways: North Asia is soft: Oil and gold soft: Dirt is up on the latest Chinese drivel: Miners fell anyway: EM was stable: Junk jaws are slowly closing: Yields were up again: Stocks fell into NVDA: The Fed minutes were sensible: Participants noted improvements in both headline The post Australian dollar bears keep Fed at bay appeared first on MacroBusiness. |
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MacroBusiness
Thursday, February 22, 2024 - 07:30
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Rebar future kept falling yesterday: But Dalian stopped overnight: The latest CISA data is roughly in line with last year but inventories are well down at 15mt, which does not say much for steel mill confidence about the year ahead: Some texture: “Supply from major producers Brazil and Australia so far has hovered at a The post Chinese steel gets depressed appeared first on MacroBusiness. |
Renew Economy
Thursday, February 22, 2024 - 07:25
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Cheeseburger Gothic
Thursday, February 22, 2024 - 06:37
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Your Democracy
Thursday, February 22, 2024 - 05:00
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Boris Johnson wanted $1 million for interview – Tucker CarlsonThe former Fox host accused Britain’s ex-prime minister of attempting a “shakedown”
American journalist Tucker Carlson has said former UK Prime Minister Boris Johnson would only agree to an interview if he received a $1 million fee. He made the claim following his high-profile interview with Russian President Vladimir Putin. |
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Your Democracy
Thursday, February 22, 2024 - 04:17
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Monkey with a grenade: Why nukes in EU hands would be a nightmareScared of being abandoned by the US under Trump, European officials are floating the idea of the bloc’s own nuclear force |
Renew Economy
Thursday, February 22, 2024 - 01:10
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MacroBusiness
Thursday, February 22, 2024 - 00:05
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The Super Members Council of Australia has released research showing that debt in retirement is increasing. According to the research, more than 40% of workers retire with mortgage debt, up from 16% 20 years ago. Moreover, 40% of singles and 33% of couples will use their whole nest egg to pay off their debts. AMP The post Housing crisis threatens to blow apart retirement system appeared first on MacroBusiness. |
Renew Economy
Wednesday, February 21, 2024 - 21:38
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Your Democracy
Wednesday, February 21, 2024 - 18:58
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MacroBusiness
Wednesday, February 21, 2024 - 17:00
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While there are still a range of court cases outstanding, Trump is leading most polls for the next president. Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen and Chief Strategist, David Llewellyn-Smith, look at the legal issues and the potential outcomes, the likelihood of a Trump re-election and what The post MB Fund Podcast Preview: What Will Trump 2.0 Mean For Investors? appeared first on MacroBusiness. |
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MacroBusiness
Wednesday, February 21, 2024 - 17:00
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While there are still a range of court cases outstanding, Trump is leading most polls for the next president. Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen and Chief Strategist, David Llewellyn-Smith, look at the legal issues and the potential outcomes, the likelihood of a Trump re-election and what The post MB Fund Podcast Preview: What Will Trump 2.0 Mean For Investors? appeared first on MacroBusiness. |
The Australian Independent Media Network
Wednesday, February 21, 2024 - 16:52
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Gaza. Palestinians. Israel. Genocide. Taylor Swift? This odd cobbling of words is the extent celebrities make a mockery of serious conversation, even in such middle-brow outlets as Australia’s Radio National. Admittedly, it was breakfast, and the presenter a seasoned impressionist of journalism, but surely listeners did not have to know that Swift’s private jet had… The post Swiftie Nonsense Down Under appeared first on The AIM Network. |
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The Australian Independent Media Network
Wednesday, February 21, 2024 - 16:35
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New research by the e61 Institute presents five facts on the use of non-competes and other post-employment restraints in Australia based on new ABS survey data. New research by the e61 Institute presents five facts on the use of non-competes and other post-employment restraints in Australia. These facts highlight the economic relevance of restraint clauses,… |
MacroBusiness
Wednesday, February 21, 2024 - 16:30
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Asian share markets are in diverging in sentiment with Chinese stocks soaring higher while Japanese and local stocks follow the poor lead from Wall Street tonight with mild losses. The USD is failing its fightback against most of the major currency pairs, while the Australian dollar is pushing higher above the 65 cent level to The post Macro Afternoon appeared first on MacroBusiness. |
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Renew Economy
Wednesday, February 21, 2024 - 15:24
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Renew Economy
Wednesday, February 21, 2024 - 15:08
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MacroBusiness
Wednesday, February 21, 2024 - 13:30
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Private colleges in Australia are reportedly blocking applications from students in India, Pakistan, Nigeria and other countries as part of an “unprecedented reaction” to the government’s visa crackdowns. I discussed this and other issues in an interview conducted with Sky News’ Danica De Giorgio, which was aired on Tuesday night. Below are the highlights of |
MacroBusiness
Wednesday, February 21, 2024 - 13:00
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The RBA minutes yesterday were another crack smoking laigh out loud affair. There was some acknowledgement of recent economic weakness: Members observed that inflation in Australia had moderated, with both headline and underlying inflation lower in the December quarter 2023 than had been expected three months prior. Core goods price inflation had declined faster than The post RBA smokes same old labour market crack appeared first on MacroBusiness. |
