Blogotariat

Ben is joined by Alexis Pink from community radio station 4ZZZ and Andrew Messenger from the Guardian Australia to discuss the upcoming council elections across Queensland and the two state by-elections to be held on the same day.

We discuss the Brisbane City Council campaign and then touch on a number of other interesting council races and the by-elections.

The modern world is “unfair,” but social disparities and global inequalities can be addressed by establishing a multipolar world, Russian President Vladimir Putin said on Wednesday.

Speaking at the closing ceremony of the World Youth Festival (WYF) in Sochi, Putin said: “There are no equal conditions in the world for everyone. This is the main injustice of the current world order.”

Recall that the Reserve Bank of Australia’s (RBA) February Statement of Monetary Policy (SoMP) projected that Australia’s unemployment rate would end 2024 at 4.3% and only peak at 4.4% next year: Shortly after these forecasts were released, the Australian Bureau of Statistics (ABS) released the January labour force survey, which revealed that Australia’s unemployment rate

The post Australian unemployment about to rocket appeared first on MacroBusiness.

Asian share markets are putting in mixed sessions today despite the strong response overnight on Wall Street with the USD falling amid lower bond yields. Hawkish comments from the BOJ haven’t helped steady nerves in Japan with Yen soaring higher while the Australian dollar is also on a tear, having recovered the post GDP print

The post Macro Afternoon appeared first on MacroBusiness.

One of my fave newsletters, Jonathon V Last’s The Triad, pointed me at this very unexpected piece of neo-gonzo reportage at Road and Track magazine’s website. They commissioned an honest-to-goddamn commie, Kate Wagner, to give them her honest-to-goddamned take on an F1 meet. Unsurprisingly, it didn’t last long. Just a few hours after publication it was gone. A pity. I’d pay to read it, just because of the way it makes your head go boing. It reminds me of Hunter S. Thompson’s Kentucky Derby piece in that way.

Media Freakout About GOP Hating America and Whether This is the "Last Election," w/ Vivek Ramaswamy

https://www.youtube.com/watch?v=tlKnZ5q4siM

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New analysis shows 10 EU countries representing more than 60% of the bloc’s electricity generation capacity have committed to exit fossil fuel generation by 2035 or sooner.

I am a gold trader from way back. It is the macro metal, so I always found it relatively easy to time the market, but I no longer trust it. The reason is BTC. Since there is now an ersatz, digital gold, the real thing is exposed to different money flows. There is a loose

The post Goodbye gold appeared first on MacroBusiness.

The New Daily reports that the Coalition may relaunch its policy of allowing Aussies raid their superannuation nest eggs to purchase a home if elected. This comes after the policy’s biggest advocate, Andrew Bragg, was promoted to shadow assistant minister for housing on Tuesday. Bragg has repeatedly called for Aussies to be allowed to access

The post Coalition pours superannuation fuel on housing bonfire appeared first on MacroBusiness.

2023 was the year of the big battery in the NEM. Here's what the latest market data reveals about Australia's battery storage boom.

Over the last three years, Australia has experienced the biggest boom in mortgage refinances in its history. Monthly mortgage refinances peaked in mid-2023 at $21.5 billion, up from roughly $10 billion in mid-2020, according to the Australian Bureau of Statistics. However, the mortgage refinancing boom has well and truly ended, with total refinance activity declining

The post Mortgage refinancing boom turns bust appeared first on MacroBusiness.

Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen welcomes economist Leith Van Onselen, for a detailed dig into Australian GDP, what it is saying about economic conditions and what to expect for 2024. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen

So says Goldman. Unresolved gluts. Despite the significant downside in battery metals prices, with nickel, lithium and cobalt prices down 60%, 80% and 65% from cycle peak, respectively, we believe it is too early to call a decisive end to these respective bear markets. Margin pressures have generated a meaningful degree of supply rationing effects

The post Green metals bust to deepen appeared first on MacroBusiness.