Most currencies were little changed across Asia today although Kiwi dropped sharply on the 50bps cut by the RBNZ while the USD remains calm in anticipation of the release of the latest Fed minutes tonight. Mainland Chinese markets took back all of their previous comeback gains as they continue to pivot on what the PBOC
The post Macro Afternoon appeared first on MacroBusiness.
Parliament of Australia Media Release The Joint Standing Committee on Migration today released the Migration, Pathway to Nation Building report, signifying the end of an almost two-year long inquiry on Australia’s migration system by the Committee. Committee Chair, Maria Vamvakinou MP, said ‘the Committee has conducted a comprehensive inquiry that has looked at virtually every aspect of the migration system…
Experts at Master Builders Australia have warned that low apprenticeship numbers will worsen the nation’s housing crisis if action is not taken immediately. The warning comes after new Australian Bureau of Statistics data revealed that 2023-24 was the worst year for home building in more than a decade, dropping 8.8 per cent to 158,690 new…
New Zealand’s economy is a disaster zone. As illustrated in the following chart from Justin Fabo at Antipodean Macro, per capita GDP has fallen for seven straight quarters, with gross national income also down sharply in per capita terms: New Zealand has also registered the largest fall in per capita GDP compared with the decade
It was done for the Viet Cong in numerous countries during the US involvement in Vietnam. It was done for the African National Congress (ANC). It was done for the Irish Revolutionary Army (IRA). Across the United States, Europe and Australasia, all three organisations, demonised as terrorist outfits, received tacit, symbolic support from protestors. In…
Why is our idiot PM on his knees apologising for a joke? Moreover, how do the most toxic few dozen people in Australia get to take the high moral ground? Mocking a disability is no laughing matter. This is absolutely despicable behaviour from @AlboMP. The Prime Minister must immediately apologise to the entire Tourette’s community.
The post I’ll show you some Tourette’s appeared first on MacroBusiness.
Man, I had a bad night’s sleep last night. It felt like I got about two hours, but I am assured by someone not a thousand miles away from the other side of the bed that I was snoring like a bear for many hours.
I think not.
I feel so fucking shattered today, and I have strong memories of swatting mosquitos and chasing dogs off the bed at 2AM.
Very hard to focus on the writing today.
Makes me wonder when I became such a wuss.
I used to do all my best work at 2AM with a head full of cheap whisky and a tummy full of hot chips.
https://www.youtube.com/watch?v=26yf9jxsdyU
Even Jussie Smollet couldn’t make this stuff up: Sen. John Kennedy
Sen. John Kennedy, R-La., discusses how the government failed to prepare for Hurricane Helene on ‘Hannity.’