On Wednesday, Treasurer Jim Chalmers was caught spinning more disinformation about Australian wage growth. Chalmers was at it again on Thursday following the October Labour Force survey from the Australian Bureau of Statistics (ABS): While Chalmers’ claim that 1,056,200 jobs have now been created since Labor was elected is technically correct, it is also putting
Hysterical markets, which are never wrong, are readying for a CBA Death Star takeover of the far larger planet Google. The growthless mortgage zombie has an astonishing NTM of 26x versus Google’s modest 20x for 15-20% profit growth. Admittedly, the CBA’s Death Star valuation only delivers a market cap of $259bn versus Alphabet’s $3tr, but
Independent economist Tarric Brooker has posted an analysis estimating the shortfall of Australian housing over the pandemic. Brooker has assumed two scenarios, explained below. The Ideal World Scenario: Not one dwelling completion in the last 5 years is a knockdown rebuild or development (in reality 10-15% are). Not one newly completed home will sit empty
Amid the worst rental crisis in living memory, Greens leader Adam Bandt attacked those calling for lower immigration levels to ease demand. “Well, my view on migration at the moment is this: Labor and Liberal are engaged in a migrant-bashing race to the bottom as a distraction from the real issues facing this country every
Steel futures are fading away. As are iron ore futures. Dalian too. Coking coal is more advanced. CISA mill output for early November was pretty good but inventories are high. Scuttlebutt is nervous. Mounting stocks of the steelmaking material at China’s major ports stands in stark contrast to the underperformance of imported iron ore prices
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US President-elect Donald Trump will nominate Robert F. Kennedy Jr. to be his Secretary of Health and Human Services (HHS), declaring that the former Democrat will ensure that “everybody will be protected from harmful chemicals [and] pollutants.”
My view is the RBA is being ridiculous by refusing to cut interest rates as inflation disappears and reckon it will cut in February, but there is a silver lining to the delays. Expectations are firming that interest rate cuts will come too late to restore the Albanese government’s standing with voters before the election,
When I opened my computer I had a plan to do something important like pay a bill or check my emails or … Whatever, before I did that, I decided to check Facebook and I got a wee bit distracted. Post after post seemed appropriate to some of the things I’ve been thinking lately, and…
The post All My Friends And Facebook Showed Me That I’m Completely Right… appeared first on The AIM Network.
Bernard Keane is the last of Crikey still standing. As the Albanese government hurtles towards what increasingly looks like one-term status, its flailing desperation and lack of judgement — or, rather, the substitution of its flawed political judgement for sound policy judgement — risk inflicting real damage on the community. Its thrashing about on online
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
In the months leading up to the 2022 federal election, Prime Minister Anthony Albanese promised that Labor would run a smaller immigration program if elected. Then, in Labor’s first federal budget in October 2022, Labor walked back from its lower immigration promise, projecting that 470,000 net migrants would arrive over Labor’s first two years, the