|
Your Democracy
Thursday, November 28, 2024 - 07:26
Source
It is a pleasure to be back at the National Press Club. After an absence of more than a decade, it is welcome to catch up with old friends and colleagues and hopefully to make new ones. |
MacroBusiness
Thursday, November 28, 2024 - 06:56
Source
DXY is finally taking a breather. AUD got relief but not overly so. JPY went nuts. Yeh, nah. CNY is the powderkeg. Oil down, gold up. Dirt enjoyed the relief. Miners too. EM yawn. Junk is lifting. As yields fall. Stocks edged down. It just looks like exhaustion in DXY. It’s way overbought by systematics The post Australian dollar to plunge into 50s appeared first on MacroBusiness. |
|
Your Democracy
Thursday, November 28, 2024 - 05:59
Source
The 16th annual summit of the BRICS grouping took place in Kazan, Russia. The three-day event was much anticipated and lived up to its billing as a breakthrough in international politics. Russian President Vladimir Putin greeted 25 heads of state. Over 40 nations were represented by 20,000 delegates. |
Your Democracy
Thursday, November 28, 2024 - 05:45
Source
The UK will save £500m by scrapping old military equipment early, the defence secretary has announced, despite a warning that the UK faces "increasing global threats". Ships, drones and helicopters - some more than 50 years old - will be decommissioned ahead of schedule, John Healey told the Commons. |
|
MacroBusiness
Thursday, November 28, 2024 - 00:20
Source
Here is everything I have been talking about all in one go. The Australian Energy Market Operator will use some of its emergency powers to ensure sufficient electricity supplies in NSW as hot temperatures coincide with a spate of outages at several coal power stations, leaving the state at risk of blackouts. In a notice The post Energy superidiot enters existential power crisis appeared first on MacroBusiness. |
MacroBusiness
Thursday, November 28, 2024 - 00:10
Source
Australians are experiencing the sharpest decline in real household disposable incomes on record, as illustrated below. The AFR’s Michael Read published the following table showing that Australia experienced the largest decline in real per capita household disposable income in the OECD between Q4 2019 and Q1 2024. Read notes that while Australia has experienced the The post Why Australian living standards have collapsed appeared first on MacroBusiness. |
|
The Australian Independent Media Network
Wednesday, November 27, 2024 - 21:45
Source
England is a strange concept but the idea of a United Kingdom is perhaps even stranger… While people were rather surprised that the Brexit referendum voted for leave, it’s no real surprise that the people of that tiny island were sick of people from Europe coming into their country. Let’s take a brief look at… The post There’ll Always Be An England, Even If There Wasn’t One Once… (Please Explain!) appeared first on The AIM Network. |
The Australian Independent Media Network
Wednesday, November 27, 2024 - 20:20
Source
It’s probably apparent to almost everyone by now that President-elect Trump is appointing some ‘interesting’ people to his administration. It’s not likely to take long to list what Robert F Kennedy Junior knows about the management of the USA’s Health Department, or wonder if Elon Musk managing the newly established Department of Government Efficiency is… The post Get out the vote appeared first on The AIM Network. |
|
The Australian Independent Media Network
Wednesday, November 27, 2024 - 19:09
Source
Emergency Leaders for Climate Action Media Release NUCLEAR REACTORS WOULD introduce significant and unnecessary risk to Australian communities and emergency responders, including firefighters already stretched by escalating climate fuelled disasters, warns Emergency Leaders for Climate Action (ELCA) in a submission to the parliamentary inquiry into nuclear power generation in Australia. Greg Mullins, speaking on behalf… |
The Australian Independent Media Network
Wednesday, November 27, 2024 - 19:00
Source
Israel is in the late stages of ethnic cleansing of the North Gaza governorate, Oxfam says. For fifty days, Israel has prevented Oxfam, its partners, and other humanitarian agencies from delivering life-saving aid to thousands of starving people in north Gaza. Amitabh Behar, Oxfam Executive Director, said: “Our staff in Gaza have been desperately trying… |
|
The Australian Independent Media Network
Wednesday, November 27, 2024 - 18:50
Source
Be careful who you condemn and ostracise. They just might be supplying you with a special need. While the United States security establishment deems Russia the devil incarnate helped along by aspiring, mischief–making China, that devil continues supplying the US energy market with enriched uranium. This dependency has irked the self-sufficiency patriots in Washington, especially… The post Ironic Dependency: Russian Uranium and the US Energy Market appeared first on The AIM Network. |
George Monbiot
Wednesday, November 27, 2024 - 18:27
Source
Soil carbon markets are going to collapse. And that’s a good thing. By George Monbiot, published in the Guardian 21st November 2024 |
|
Renew Economy
Wednesday, November 27, 2024 - 18:26
Source
|
Your Democracy
Wednesday, November 27, 2024 - 18:05
Source
The UN on Tuesday reported that Israel either denied or impeded all life-saving assistance attempts in the northern Gaza Strip in November. "Our colleagues in the Office of the Coordination of Humanitarian Affairs report that none of the UN's 41 attempts to reach Palestinians in besieged areas of North Gaza with life-saving assistance this month has been facilitated by Israeli authorities," deputy spokesman Farhan Haq said at a news conference. |
|
Renew Economy
Wednesday, November 27, 2024 - 17:37
Source
|
MacroBusiness
Wednesday, November 27, 2024 - 17:30
Source
Asian stock markets are having another mixed session today with more volatility looking through upcoming US trade policy but also getting ready for some key upcoming events on the economic calendar. Chinese stocks rebounded while the USD continues to weaken appreciably against Yen in the wake of the tariff news. The Australian dollar however remains The post Macro Afternoon appeared first on MacroBusiness. |
|
Renew Economy
Wednesday, November 27, 2024 - 17:20
Source
|
Your Democracy
Wednesday, November 27, 2024 - 17:18
Source
|
|
Your Democracy
Wednesday, November 27, 2024 - 15:39
Source
Protectionist tariffs are associated with a long history of economic and social calamities in America. An important reason for this is that protectionist tariffs are a political tool of plunder and theft, and people don’t generally take kindly to being plundered and robbed.
Our History of Protectionist Tariff Train Wrecks
|
Renew Economy
Wednesday, November 27, 2024 - 14:16
Source
|
|
MacroBusiness
Wednesday, November 27, 2024 - 13:30
Source
The fake left Guardian is once again snatching the pearls at its own catastrophic housing failure. New private residential construction is at its lowest level for almost four decades but spending on renovations has boomed, according to a new analysis. The report by KPMG found that new private residential construction spending per capita is at The post Fake left wails at own housing failure appeared first on MacroBusiness. |
Renew Economy
Wednesday, November 27, 2024 - 13:27
Source
|
|
MacroBusiness
Wednesday, November 27, 2024 - 13:00
Source
Newly elected Melbourne Lord Mayor and vocal mass immigration supporter, Nick Reece, believes that he has the solution to Melbourne’s rental crisis and declining economy: more migrants and international students! Reece is actively canvassing for Chinese and Indian businesses to open their head offices in Melbourne, citing the city’s high Indian and Chinese diasporas, alongside |
MacroBusiness
Wednesday, November 27, 2024 - 12:30
Source
The Market Ear on the overheating. The very long long Not a typo…non dealers US equity futures long needs a bigger chart. GS Calls mania 64% of the tape yesterday was calls – the highest in the last 1 year. GS Getting hot in there BofA’s sell side indicator is approaching the contrarian sell signal. The post Stocks overheat appeared first on MacroBusiness. |
|
Renew Economy
Wednesday, November 27, 2024 - 12:25
Source
|
The Australian Independent Media Network
Wednesday, November 27, 2024 - 12:20
Source
By Noel Wauchope Comparisons are odious, particularly between Donald Trump and Adolf Hitler. I must be plain from the start, that these individuals have had completely different aims and ideology. The comparisons I’m making here are just about methods of gaining absolute power. And here, I think, there are parallels. And we can learn, from… The post Donald Trump’s quick trip to absolute dictatorship appeared first on The AIM Network. |
|
MacroBusiness
Wednesday, November 27, 2024 - 12:16
Source
The Reserve Bank of New Zealand has cut the official cash rate by 0.5% at today’s monetary policy meeting. It was the Reserve Bank’s third consecutive rate cut, bringing the official cash rate to 4.25%, down from a peak of 5.50%. The Monetary Policy Statement (MPS) noted that “annual consumer price inflation has declined and The post Reserve Bank cuts rates by 0.5% appeared first on MacroBusiness. |
MacroBusiness
Wednesday, November 27, 2024 - 12:00
Source
Former senator Margaret Reynolds has a good take on the lame-duck Rudd appointment. Despite Kevin Rudd’s assurances last week that his team is “ready” to work with Donald Trump’s incoming administration, his precarious ambassador position in Washington demonstrates the risks of political appointments. Rudd was undoubtedly well qualified for the ambassadorship under the previous Biden |
|
Your Democracy
Wednesday, November 27, 2024 - 11:54
Source
Explosion of bankruptcies in France: post-Covid rebound effect or lasting crisis?In France, the number of business failures has broken a new annual record in recent weeks, now exceeding 66,000. A historic increase that is worrying, even as the government plans to implement a drastic savings plan to reduce the State's abysmal debt. |
MacroBusiness
Wednesday, November 27, 2024 - 11:53
Source
From the ABS. Markets expected 2.3% but got 2.1%. The monthly CPI indicator rose 2.1% in the 12 months to October. The most significant price rises at the Group level were Food and non-alcoholic beverages (+3.3%), Recreation and culture (+4.3%), and Alcohol and tobacco (+6.0%). Partly offsetting the annual increases in other Groups was Transport (-2.8%). The post Inflation undershoots again appeared first on MacroBusiness. |
