Chanticleer’s advice is a great contrarian port of call. Economist calls for the Reserve Bank of Australia to cut the cash rate early next year are dropping like flies. Even the ones left in the February 2025 camp are warning their calls may be too early (again). RBC Capital Markets’ Su-Lin Ong pushed her rate
The post Economists get RBA bullhawk wrong again appeared first on MacroBusiness.
The latest temporary visa statistics from the Department of Home Affairs revealed 2,463,600 temporary visa holders in Australia, excluding visitors, as of 30 September 2024. This was a record for the September quarter, representing a 163,600 increase over the same period in 2023. There were also roughly 500,000 more temporary visas on issue in Australia
I knew one day I would accidentally send out an email instead of just publishing a blog piece, and that day has arrived. Apologies for filling your intray with my BBQ chicken.
Seriously, Substack needs a double-pull on the publish trigger.
I am sorry.
To make up, I’ll be sending out a nice long essay on beating procrastination for the next newsletter. It’ll be free to paying subs, and almost free to everyone else.
Again, er, sorry about the chicken mail out.
Jeez.
Figured I’d do some chicken on the Big Green Egg yesterday. Preload the fridge with my protein needs for the week. In the freezer, I had the big fat boy you can see in the pic below, and I grabbed a flat deboned bird from the butcher because if I’m going to trouble of firing up the charcoal, I might as well get as much out of it as possible.
In October, Chinese steel production rebounded. Pig iron output firmed. Nonetheless, rebar and iron ore futures tanked Friday. Hot metal output is up strongly. As profits rise. But flat steel inventory is still falling. I believe what is happening is that as the world prepares to impose tariffs, booming export demand is meeting little change
The post Iron ore troubles return appeared first on MacroBusiness.
Chinese October data showed a little improvement in retail sales as FAI and industrial production ease. Retail is being lifted by trade-up stimulus programs so the bounce is not overly exciting. Under the bonnet, property prices are still falling. Transactions have lifted a little. However, starts are terrible. Completions were down a hefty 26% year
The post Chinese growth stumbles along appeared first on MacroBusiness.
Tulsi Gabbard, US President-elect Donald Trump’s pick for national intelligence director, is “likely a Russian asset,” according to Democratic Party Congresswoman Debbie Wasserman Schultz. In an interview with MSNBC on Friday, Schulz accused Trump of making “irresponsible” choices for his new cabinet.
MORE TO COME
YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.
“It’s hard to do cartoons without shedding tears…”
Gus Leonisky
The cause of Kamala Harris’ disastrous failure in the 2024 presidential election will forever be debated, but there are good reasons to believe the Israeli genocide in Gaza played a significant role.
Why did Kamala Harris lose the 2024 presidential election?
President-elect Donald Trump has announced that Karoline Leavitt, the spokesperson for his 2024 campaign, will become the White House press secretary when he takes office in January. At just 27 years old, Leavitt will make history as the youngest person to hold the position.
By James Moore When the video appears on TVs and computer screens, it will, initially, be shocking. Men in uniforms, wearing sidearms or guns drawn, will walk up and knock on the front doors of modest homes. An unanswered door will be battered down with a heavy ram. The people hiding inside will be dragged…
The post Angry America appeared first on The AIM Network.
Back in the brief glory days of Australian foreign policy sense, when PM Morrison sued for a partial divorce from China, I noted that the response from Labor was treasonous. In 2020 and 2021, Australia was pushing back against the Chinese “silent invasion” as well as fighting for clarity on the origins of COVID. The
The post China praises Albo as model puppet government appeared first on MacroBusiness.