Data from the Australian Bureau of Statistics showed that retail spending increased by just 0.1% nationwide in September, well below market expectations of 0.3% growth. AMP economist My Bui notes that while population growth is a crucial driver of retail sales growth, spending per capita remains negative. “This is the longest and deepest retail per-capita
We aren’t being smart. I want us to be smarter.
You want to win the culture war? Make America smart again.
CBC News published a fantastic report explaining how Canada’s explosive immigration-driven population growth crush-loaded housing, services, and infrastructure, wrecking productivity and living standards. The following chart from CBC News shows that Canada’s population growth since the pandemic ended was “off-the-charts”, growing by a record 1.2 million people last year: Virtually all of the growth in
There’s a strong gerontocratic tinge to US politics of late — the youngest of Joe Biden, Nancy Pelosi, Chuck Schumer, Bernie Sanders, Donald Trump, Elizabeth Warren and Mitch McConnel is Chuck at 73.
Many a theory has been propounded to explain this phenomenon, but a simple one shall be put to the test in a couple of days: Trump is the last of the political candidates borne of the media monoculture and so Trump will win the election comfortably.
What is the Media Monoculture and What Does is Have to Do with a Gerontocracy?
"Many Western states and elites have consented, actively or passively, to the devastation of the Gaza Strip and the massacre of its population by Israel. To reach this conclusion, anthropologist Didier Fassin immersed himself in the analysis of the events that have shaken the region of Palestine since the Hamas attacks on October 7, 2023.
Elon Musk threatens to do to democracy what he did to Twitter.
By George Monbiot, published in the Guardian, 2nd November 2024
A generally positive day across Asian stock markets to start what could be the most volatile trading week of the year as the US election looms. Friday night saw the release of the latest US non-farm payrolls aka unemployment print that came in quite weak, while the latest Iowa poll is shifting sentiment away from
The post Macro Afternoon appeared first on MacroBusiness.
BUT FIRST LET'S INVESTIGATE THE MAIDAN "REVOLUTION" (ARTICLE FROM FEBRUARY 2024)
"Court in Kiev has confirmed: Maidan snipers fired from the Hotel Ukraina"
DXY is down this afternoon: AUD is up for Harris! North Asia too: Gold and oil meh: Commods firming: Miners too: EM not so much: Junk not update: Aussie bonds have priced out all easing. This is hysteria: Stocks firm: It’s Monday afternoon for Harris in the US election. Far from decisive but after
The post Australian dollar says Harris! appeared first on MacroBusiness.
The Reserve Bank of New Zealand’s aggressive monetary policy, which lifted the official cash rate to a peak of 5.50%, successfully unwound the nation’s pandemic house price gains. New Zealand experienced one of the world’s largest house price booms over the pandemic. However, in real inflation-adjusted terms, values have returned to their pre-pandemic level. As