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MacroBusiness Wednesday, October 30, 2024 - 11:30 Source

The aggregated polls have been swinging: The swing states are a dead heat: I am concerned that these polls cannot be trusted. Whenever you get uniform swings like this, it reeks of pollster consensus hugging. I wonder how much they are smoothing outliers. This is what happened in the 2019 Australian election when Scott Morrison

The post Why is Trump red hot favourite? appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 30, 2024 - 11:00 Source

SHFE was soft yesterday: Dalian eked out gains: The news on China stimmies is a big round number: China is considering approving next week the issuance of over 10 trillion yuan ($1.4 trillion) in extra debt in the next few years to revive its fragile economy, a fiscal package which is expected to be further

The post More yawnulus for iron ore appeared first on MacroBusiness.

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xkcd.com Wednesday, October 30, 2024 - 11:00 Source

We were disappointed that the rocket didn't make a THOOOONK noise when it went into the tube, but we're setting up big loudspeakers for future launches to add the sound effect.

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MacroBusiness Wednesday, October 30, 2024 - 10:30 Source

The report of the COVID-19 inquiry has concluded that the former Coalition government’s pandemic spending contributed to a spike in the inflation rate. Economic modelling presented to the inquiry found that inflation would have peaked at around 6% with less stimulatory spending by the government and ultra-low official interest rates. Inflation instead reached a high

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MacroBusiness Wednesday, October 30, 2024 - 10:00 Source

“Dr Demography” Liz Allen from the Australian National University (ANU) is the go-to talking head whenever the media wants a quote about the fantastical benefits of mass immigration. Allen loves to spin positive ‘Big Australia’ propaganda. She also likes to label anyone against excessive immigration racist or xenophobic. A classic example of Allen’s propaganda was

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MacroBusiness Wednesday, October 30, 2024 - 09:30 Source

DXY has paused for now: AUD has not and long positioning means it can keep falling. If it breaches 0.65 its uptrend is broken and all bets are off: North Asia is ugly: Gold is in blowoff. Oil might break: Metals are in purgatory: Miners too: EM is stuffed: Junk nervy: Yields down: Stocks up:

The post Australian dollar heads for Hell appeared first on MacroBusiness.

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Your Democracy Wednesday, October 30, 2024 - 08:49 Source

U.S. Rep. Joe Courtney (D-CT-2) has been chosen for one of Australia’s top civilian awards.

Courtney is one of a few Americans to be given the Order of Australia, which recognizes extraordinary service by a non-citizen.

Courtney said he is deeply honored by the award. He has been working with Australia for the past decade, and co-chairs the Friends of Australia Caucus.

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MacroBusiness Wednesday, October 30, 2024 - 08:00 Source

Michael Read from the Australian Financial Review published the following chart showing the strong growth in federal, state, and local government taxes over the past decade, which have hit a record share of gross domestic product. However, despite the record tax take, the International Monetary Fund (IMF) forecasts that Australia faces six years of deficits

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Your Democracy Wednesday, October 30, 2024 - 07:36 Source

This week I read an article in Al Jazeera describing the killing in one day of hundreds of Palestinian civilians. The same day I read a piece in CNN, “Israeli soldiers returning from war struggle with trauma and suicide”. The article tried to elicit sympathy for soldiers who were traumatised from bulldozing Palestinians.

 

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Your Democracy Wednesday, October 30, 2024 - 07:23 Source

This German grey eminence is trying for another color revolutionThe recent election in Georgia did not go the EU’s way, and the chief of the Bundestag’s foreign policy committee has sprung into action

 

BY Tarik Cyril Amar

 

The Caucasus country of Georgia has had elections, and they did not go the way Western elites wanted.

 

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MacroBusiness Wednesday, October 30, 2024 - 07:00 Source

Several of Australia’s major banks have pushed for an easing of credit standards to assist first home buyers. ANZ has called for looser credit, claiming that the current rules are precluding lower-income borrowers from gaining a home loan. ANZ also recently canvassed 50-year mortgage terms, which would lower monthly loan repayments and entice more buyers

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Your Democracy Wednesday, October 30, 2024 - 03:41 Source

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