By Tess Lawrence Even before Taylor Swift’s post debate endorsement, one sensed that the Democrats have a presidential winner in Kamala Harris. Now the Taylor Swift, Kamala Harris, Tim Walz neon billboard signals a New Eras Tour de Force that will add more star power to the stellar juggernaut of Kamala’s Komet The only ticket…
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The weird, uncanny consistencies of far right politics.
By George Monbiot, published in the Guardian 6th September 2024
On Tuesday, the last US ambassador to the Soviet Union, Jack Matlock, said that the United States was engaged in an undeclared war with Russia and warned of the danger inherent in that. "It seems to me that it is extremely dangerous to attempt what is, in effect, an undeclared war against a nuclear armed power," Matlock warned.
Asian share markets didn’t reflect the somewhat positive mood on Wall Street overnight as bond market volatility overshadowed, as all eyes look to tonight’s US CPI print. The USD remains very strong against all the majors except Yen, which had another sharp appreciation this afternoon, hurting Japanese stocks while the Australian dollar continues its inability
The post Macro Afternoon appeared first on MacroBusiness.
There’s something wrong with Herr Shikeltuber “Every instinct in this bloke’s body, every calculation, is about how he can divide the country. It shows this bloke’s not fit to run a bath, let alone Australia” (Jason Clare, Minister for Education). In a Trumpian world of normalised grotesqueries the Overton Window has skewed significantly rightward making…
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By Gareth Aird, head of Australian economics at CBA: Key Points: Real consumer spending contracted in Q2 24 to be just 0.5% higher through the year (comfortably below the RBA’s forecast of 1.1%/yr). Real consumer spending per capita has fallen over the past eighteen months, primarily driven by a decline in discretionary spending. Private surveys
The big one tonight is US inflation. Citi takes a look. Inflation data are quickly taking a backseat to labor market data in terms of relevance for Fed policy decisions, but with an inconclusive August employment report, August CPI data could be impactful for the probability of a 25bp or 50bp rate cut on September
The post Previewing US inflation appeared first on MacroBusiness.
Labor is all about cronies all of the time: Mining giant BHP has entered the political war between the resources sector and the Albanese government, defending its role in the Australian economy and claiming the amount of tax it paid last financial year was equal to half the entire annual funding of the public hospital
The post Labor picks wrong resources fight appeared first on MacroBusiness.