These were from yesterday. In its regular meeting today (29 September) chaired by Premier Li Qiang, the State Council focused on the implementation of “launching a basket of incremental easing measures” (“研究部署一揽子增量政策的落实工作”), and reiterated the pledge to “strive for the full-year growth targets”, echoing President Xi’s call in the SeptemberPolitburo meeting. Specifically, Premier Li pledged
University of South Australia Media Release When it comes to what people think about sharks, ‘Jaws’ has a lot to answer for. So while older generations shudder at the sound of the infamous two-note tuba alternation, what do younger generations think of sharks? That’s exactly the question being asked by researchers at the University of…
The post ‘Jaw-some’ new research: What do kids think about sharks? appeared first on The AIM Network.
Westpac with the note. The Westpac Card Tracker Index* has been relatively steady through September, holding at 135.4 in the latest week ended September 21. The data continues to point to a lacklustre spending response to the ‘stage 3’ tax cuts and other fiscal support measures that came into effect from the start of July.
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Since MB drove BREE, the old and inept Australian government commodity forecaster, out of business, the Office of the Chief Economist took over the job and has done much better. BREE was always far too bullish and OCE has been much more realistic. However, its latest update is not so good. Overall, it has gotten
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The Productivity Commission with the report. A year has passed since the ‘COVID-19 productivity bubble’ and Australian productivity growth appears to have reverted to the same stagnant pattern as before the pandemic, despite the very different economic conditions. Labour productivity declined by 0.8% for the whole economy in the June 2024 quarter (an increase of
Anura Kumara Dissanayake, known with convenient laziness as AKD, became Sri Lanka’s latest president after a runoff count focusing on preferential votes. The very fact that it went to a second count with a voter turnout of 77% after a failure of any candidate to secure a majority was itself historic, the first since Sri…
The post Presidential Marxism: AKD and the Sri Lankan Elections appeared first on The AIM Network.
DXY is holding. EUR is poised for beakout: AUD is putting in a series of candles: North Asia is fading: Oil held on as the Levant burns: Metals flamed out: Miners topped: EM too: Junk is a one way bull train: Yields firmed: Stocks too: The news is European inflation is cooked now too and
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SHFE and SGX were outright hysterical yesterday but the latter flamed out overnight: There’s no improvement in steel mill margins here: However, there was improvement in the Steel PMI: Don’t ask me if the short squeeze is over. It is one the craziest I have seen. With China on holiday for a week, maybe the
The post Iron ore face ripper reverses appeared first on MacroBusiness.
This is a very quick blog post as I am catching up on stuff that has been happening while moving house. On the very day that I moved house, nominations were announced for the ACT election.
I won’t be doing a lot on this specific candidate announcement, but the final lists of candidates have now been published on my election guide.
Last night saw a general absence of tier one economic prints but some key speeches from Fed members including Chair Powell which netted a gain for USD and a selloff in Treasuries as he indicated two more rate cuts are likely on the way. Wall Street followed the very soft mood in Europe but a
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New neighbours moved in next door and I fear they are a share house. Yes, yes, I am aware of the hypocrisy. But I'm also aware of what having a share house next door to you means.
For one thing, it means I had to get a sleep mask. The last owners installed a security lighting system as part of their very dodgy effort to add a bit of value to the property, and this thing goes off all night long. Possums, cats, birds, the wind in the willows, any kind of movement at all and we get prisoner-of-war camp searchlights beaming directly in through the bedroom window.
CoreLogic’s September housing market report shows that the national rental index increased by only 0.1% over the September quarter, the smallest change over a rolling three-month period in four years. Rents fell in Sydney (-0.5%), Brisbane (-0.2%), and Canberra (-0.8%) during the quarter, and rental growth slowed in most other capitals. Rents in Melbourne and
In the Progressive International's 38th Briefing of 2024, we bring you news from Lebanon and the spiraling illogic of “de-escalation by escalation”. If you would like to receive our Briefing in your inbox, you can sign up using the form at the bottom of this page.
1978. 1982. 2006. 2024.
Quit Nukes / The Australia Institute Media Release A new report has found that despite claiming not to invest in ‘controversial weapons’ 13 of the top 14 Australian super funds are still investing in nuclear weapons companies, in some cases even in an option described as ‘responsible’. One of the 14, Hostplus, has excluded nuclear…
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Stephen Wu, senior economist at CBA, has published research showing how Australians are overwhelmingly using the extra disposable income from the Stage 3 tax cuts to pay down debts. Wu notes that the growth in total salaries and wages paid into CBA bank accounts has picked up since the tax cuts took effect in July.
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