The Chinese economy is sinking faster and Bloomberg has become desperate: China’s economy lost momentum in August as activity cooled across the board, pointing to mounting risks to achieving the government’s annual growth target. Measures of factory output, consumption and investment all slowed more than economists had forecast, while jobless rate unexpectedly rose to a
After Friday’s short squeeze, iron ore fell sharply into the weekend. For once, steel margins improved: Weekend data was at least as bad as expected and probably worse. Steel output was bereft in August: Along with cement: Once again, it is steel recycling that is most brutalised: But pig iron ore output is steadily trending
The post Iron ore still stuffed appeared first on MacroBusiness.
Friday night saw another broad advance across European and American stocks, taking back their previous weekly loss to keep September a scratch month so far. The mid week CPI print was followed up by a more supportive consumer sentiment print that initially saw USD go lower against the majors before a very late push higher
The post Macro Morning appeared first on MacroBusiness.
Like most academics these days, I spend a lot of time filling in online forms. Mostly, this is just an annoyance but occasionally I get something out of it. A recent survey in which the higher-ups tried to get an idea of how the workforce was feeling, asked the question “Do you think of the University as We or They?”.
This week marks 23 years since George W. Bush declared a U.S.-led “war on terror” and the people of Afghanistan and Iraq are still suffering its consequences.
Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.
Victorians are facing decades of debt servitude thanks to the incompetence of the state government. A decade of excessive spending on bureaucrats, tens of billions of dollars in infrastructure cost overruns, and pandemic lockdown expenses have left Victoria with the country’s highest state government debt and the lowest credit rating: Former Treasury economist Stephen Anthony
Turns out Liz “Lettuce” Truss, famed for her 49-day reign as Britain’s PM, isn’t the only piece of rotting debris from the Conservative Party’s disastrous final years in power to wash up on these shores.
Before resigning as Victorian Premier last year, Daniel Andrews announced a fantastical target to build 800,000 homes across the state over a decade, equating to 80,000 homes annually. As illustrated in the next chart, the most homes Victoria has ever built in a single 12-month period was 69,972 homes in the year to September 2017:
It’s sickening to think Australian governments would put the gas cartel and foreign citizens ahead of lower electricity for Australians. But as Rex Patrick reveals from the latest FOI documents, sadly, that’s what they have done.
Die meisten Publikationen, die sich dem Schicksal der Juden in Deutschland annehmen, haben primär den Zeitraum zwischen 1939 und 1945 im Blick. Dieses Buch ist anders: Es setzt weit früher an und widmet sich vornehmlich der Frage nach der Entstehung des deutsch-jüdischen Dilemmas.
Germany has nothing to hide in its investigation into the Nord Stream pipeline sabotage, Chancellor Olaf Scholz has insisted, days after Moscow described the probe as “absolutely not transparent.”
So far, no one has claimed responsibility for the 2022 blasts that severed three of the four Nord Stream pipelines, which transported Russian natural gas to Germany and other parts of Western Europe.
Property advisory firm Charter Keck Cramer released a report entitled State of the Market Report H1 2024, which warned that the volume of new apartments launched across Australia is tracking at its lowest level in 15 years. The report notes that development conditions in Sydney are problematic, hindered by poor affordability, financial constraints, high land
Dementia Australia Media Release New research released today by Dementia Australia for Dementia Action Week demonstrates a decade of persistent poor understanding of dementia among Australians is leading to stigma and discrimination. The research report – ‘People in the community’ are the challenge and the solution: Towards a dementia-friendly future’ – reflects the ongoing realities…
By James Moore We were somewhere over America at 35,000 feet and moving along at well over 500 nautical miles per hour. I do not remember the location but I do recall the conversation. The flight was out of a western U.S. city and was eastbound with the Republican candidate for president and a fuselage…
The post A Culture of Cowardice appeared first on The AIM Network.