Free markets? Free trade? The modern economic world has little time for these erroneous, misdirected terms. More evident are the feelings of resentment, prejudice and indignant parochialism more accurately called My Country First, and Everyone Else Last. Back your industries; hobble the competitors. And everyone is doing it, except certain ideologues who, childishly, cling to…
An academic from the Queensland University of Technology have come up with a brainiac solution to Australia’s housing crisis: have older Australians rent out their spare bedrooms. “Strong demand in the rental sector is being fuelled by post-COVID population growth of 651,000 persons in 2023, combined with shrinking capacity in housing supply evidenced by falling
The Reserve Bank of Australia (RBA) has released a review of its $188 billion Term Funding Facility (TFF), which revealed that the stimulus program did little to boost small business lending but was successful in pumping mortgage credit and house prices. The RBA found that “the lower funding costs were passed through to rates on
Arguably, if this is true, The Greens are even worse given their high moral attitude: Bandt has ducked questions, including cutting short a press conference, over complaints about Senator Dorinda Cox’s behaviour and 20 staff quitting her office and several making complaints, underlining the sensitivity for a party that has led the charge calling for an MP behaviour watchdog.
While Beijing is busy talking up stimulus and growth to global markets, locally it is busy sending an altogether different signal: Chinese President Xi Jinping’s sweeping anti-corruption campaign has implicated a record number of senior officials for two straight years, highlighting the risks for bureaucrats and threatening to unsettle investors already anxious about the economy.
I have been on board with the gold rally given Fed rate cuts and geopolitical tensions but it’s gotten well overheated. Now, macro factors are swinging against it as well. BCA with more: On the face of it, a Fed that is behind the curve to stabilise prices should be good for the inflation hedge,
The post The big gold sell appeared first on MacroBusiness.
The latest US CPI print overnight gave risk markets pause as it came in slightly higher than expected, causing Wall Street to take a stepback from making new record highs. The USD initially firmed against the majors but is seeing some pushback later in the session while the Australian dollar was able to just hold
The post Macro Morning appeared first on MacroBusiness.
https://www.youtube.com/watch?v=br-95JWgPkM
Howard Stern is Very Mad at SNL For Gently Making Fun of Kamala Harris, with Batya Ungar-Sargon
KAMALA IS KACUOUS... MEANING VACUOUS AN CAKLING LIKE A CHOOK ABOUT TO GET HER HEAD CHOPPEDN OFF IN AN ABBATOIR...
The Australia Institute Media Release Australia could create more than 4300 quality direct jobs by making its own wind towers instead of importing them, according to new research by the Centre for Future Work. At present, all wind towers installed in Australia are imported from overseas with most coming from China. Centre for Future Work’s…
Slovakia's Prime Minister Robert Fico has accused journalists from major media outlets of being “possessed by the devil” and threatened to establish a national media watchdog, along with introducing professional qualification exams to rein in the “hate” they spread through their articles.
The DXY rally paused: Freeing AUD to bounce: North Asia too: Plus commods: And miners: EM yawn: Junk if still OK: Despite rising yields: Stocks eased: The US inflation report was above expectations but not worrying. Core CPI was 0.3% versus 0.2% expected, largely on a pop in food inflation. However, the OER disinflation continues
Ben is joined by Jasper Lindell from the Canberra Times to preview the upcoming Australian Capital Territory election, with a Labor-Greens government facing the voters after 23 years of Labor government and 16 years of the Greens in the balance of power.