RBA cash rate futures are slowly but surely getting the message that the Australian outlook for inflation is not so different to other developed markets. This week futures added a fifth rate cut before the end of 2025: While still a more shallow cycle than comparable economies, the process of deepening cuts will likely continue.
Reports that the Albanese government is considering modest changes to negative gearing have resulted in the usual scaremongering from property interests. The most extreme example came from the below great Australian, Bharat Patel, who has amassed a portfolio of 32 homes and claims that changes to negative gearing would devastate the nation: “You rely on
The Full Federal Court has rejected Attorney-General Mark Dreyfus’ argument that government ministers should be allowed to shred documents when they leave office. What’s the scam?
The scam is that Dreyfus shredded $300k+ of taxpayers’ finest on lawyers fighting for the right to shred documents paid for by the public which votes politicians into office.
DXY is hanging on, just: AUD boom, baby, boom: How long does CNY rise into “forceful” monetary easing? Never bet on Libyan politics when it comes to oil: Hilarity ensues for the new metals boom: The miner gapping is something to behold. Nothing has changed for iron ore: EM too: Junk is all bull: Yields
The post Australian dollar boom, baby, boom appeared first on MacroBusiness.
Treasurer Jim Chalmers says China's continued economic growth is in Australia's interest, as the world's second-largest economy struggles with an ongoing real estate crisis and low confidence among everyday Chinese consumers.
We know that Australia’s economy is being increasingly driven by government spending. Public demand as a share of GDP hit a record high 27.3% in the June quarter of 2024, and Westpac forecasts that its share of the economy will continue to grow: Much of this spending relates to the NDIS, which is growing in
The post Labor crowned king of government-funded jobs appeared first on MacroBusiness.
President Vladimir Putin’s warning that Russia plans to update its national nuclear doctrine is “irresponsible,”according to US Secretary of State Antony Blinken.
After Thuringia and Saxony voted, Germany has just had another important regional election, this time in the land of Brandenburg. As in the two preceding cases, the Brandenburg election is far more than a local event. Its results reflect and affect German politics as a whole. But Brandenburg is also special, because it was the last of the three. We can now assess their results as a whole.
By Bert Hetebry The statistics are horrific. On October 7 last year, 1200 Israelis were killed and over 200 hostages were taken in an attack on a music festival near the Gaza/Israel border. Included among the fatalities were a number killed by ‘friendly fire’ when the IDF were deployed to take care of the situation.…
The post Why are so many women and children being killed in Gaza and Lebanon? appeared first on The AIM Network.
Former US President Donald Trump has hammered Ukrainian leader Vladimir Zelensky for refusing to negotiate with Russia, arguing that the country is now “obliterated” while Kiev is reduced to sending “young children and old men” to the front lines amid its conflict with Moscow.
Australians are already enduring the longest per capita recession on record following six consecutive quarterly declines and seven declines over the past eight quarters: The OECD’s latest economic outlook report has downgraded Australia’s GDP growth forecast for 2024 to 1.1%, compared with 1.5% in its previous report in May. The OECD also forecasts that Australia
https://www.youtube.com/watch?v=E8Y08fI5A0c
The UN Speech that Shocked the World: Russia's Harsh Criticism of Zelensky and Western Intervention
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YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.
Prime Minister Justin Trudeau used his debut appearance on The Late Show with Stephen Colberton Monday to make his case for another term despite facing existential challenges to his leadership and mounting "frustration" from Canadians struggling with the cost of living.