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Renew Economy Thursday, November 21, 2024 - 08:03 Source
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Your Democracy Thursday, November 21, 2024 - 07:59 Source

Collapse can happen in mostly three ways: sudden,  progressively or change in sustainability. For many it seems that the Western civilisation is collapsing and someone in Joe Biden’s administration is working hard to make sure the entire human species goes down with it. There are counter-currents hopefully and what we might see is a realignment of greater human purpose in a senseless world.

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Renew Economy Thursday, November 21, 2024 - 07:56 Source
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MacroBusiness Thursday, November 21, 2024 - 07:13 Source

You can’t keep a good DXY down, AUD smashed back to the canvas. North Asia has hardly responded yet. Gold weathered the storm. Dirt not so much. Nor miners. EM caput. Junk still a worry. As the US curve flattens. Stocks struggled. DXY is at the trading range highs. I expect this will eventually break

The post Australian dollar smashed back down appeared first on MacroBusiness.

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MacroBusiness Thursday, November 21, 2024 - 07:00 Source

CBA Senior Economist Stephen Wu has released the bank’s forecasts for the upcoming monthly CPI indicator. CBA expects the monthly indicator to record annual headline inflation of 2.1% in October, near the bottom of the Reserve Bank of Australia’s (RBA) target range of 2% to 3%. Wu notes that other measures of inflation have shown

The post Inflation to fall to bottom of RBA’s target appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, November 21, 2024 - 03:21 Source

By Denis Hay Description Explore how educating Australian voters can reform the two-party system for a compassionate and true democracy. Introduction Australia’s political landscape has long been dominated by a two-party system that often does not stand for the diverse interests of its citizens. Many Australians feel disconnected from a government that seems increasingly influenced…

The post Educating Australian Voters for True Democracy appeared first on The AIM Network.

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MacroBusiness Thursday, November 21, 2024 - 00:10 Source

Nothing better sums up the divergence of economic fortunes between young and older Australians than this week’s analysis of spending habits by age from the CBA. The only chart that comes close is the following, showing the collapse in home ownership rates among younger age cohorts, while older age home ownership rates have remained stable.

The post High interest rates are hurting young Australians appeared first on MacroBusiness.

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Your Democracy Wednesday, November 20, 2024 - 21:05 Source
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The Australian Independent Media Network Wednesday, November 20, 2024 - 19:44 Source

As we are constantly bombarded by the ongoing conflict in Gaza and the ever-widening theatre of war to now include The West Bank, Golan Heights and Lebanon, along with the ever-present threat of Iran being swept up in the carnage, it is important to consider the history of the region, beyond Israel/Palestine and definitely well…

The post Zionism, Imperialism and conflict in the Middle East appeared first on The AIM Network.

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Your Democracy Wednesday, November 20, 2024 - 17:59 Source

Elon Musk could make the US government operate like Silicon Valley, Dominic Cummings has claimed.

Speaking at New College Oxford about advances in AI, Boris Johnson’s former adviser said that a subset of Silicon Valley entrepreneurs could no longer ignore Washington’s overreach and may look to rebuild parts of the state that don’t function properly.

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MacroBusiness Wednesday, November 20, 2024 - 17:20 Source

Gnarwarre Sunset   AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 100 US S&P 500 UK !00 Japan 225

The post Macro Afternoon: 20 November 2024 appeared first on MacroBusiness.

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Renew Economy Wednesday, November 20, 2024 - 15:53 Source
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Your Democracy Wednesday, November 20, 2024 - 15:29 Source

HBO host Bill Maher didn’t hold back as he laid into the Democratic Party for their “doubling down” on the politics that led to their recent election night defeat.

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Your Democracy Wednesday, November 20, 2024 - 15:24 Source

Tax office whistleblower Richard Boyle has once again been denied justice, or rather, the High Court found the whistleblower legislation lacking, given the judges no option but to deny his appeal and uphold the judgment against him.

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Renew Economy Wednesday, November 20, 2024 - 15:20 Source
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MacroBusiness Wednesday, November 20, 2024 - 14:30 Source

Kevin07 is back. Kevin Rudd has declared Australia ‘is ready’ to work closely with Donald Trump and his new administration to bolster an alliance which has never been more important or relevant. Australia’s ambassador in Washington said that in a world of ‘many challenges’ Australia welcomed an active and engaged United States in the Indo

The post Lame duck Rudd upsells himself appeared first on MacroBusiness.

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Renew Economy Wednesday, November 20, 2024 - 14:04 Source
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MacroBusiness Wednesday, November 20, 2024 - 14:00 Source

The latest consumer price index (CPI) data for New Zealand showed that headline inflation had fallen to only 2.2% in the year ended Q3 2024, tracking within the Reserve Bank’s inflation target of 1% to 3%. This would suggest that the Reserve Bank has slayed the inflation dragon. However, the latest Reserve Bank survey suggests

The post Has the Reserve Bank slayed the inflation dragon? appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2024 - 13:30 Source

You know the lunatics are in charge of the asylum when Australia’s own National Anti-Corruption Commission (NACC) is embroiled in corruption issues. When the Royal Commission on the Robodebt Scheme delivered its report, the commissioner in charge made great efforts to refer six individuals to the NACC for investigation. Many people were outraged, particularly the

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Renew Economy Wednesday, November 20, 2024 - 13:20 Source
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Renew Economy Wednesday, November 20, 2024 - 13:19 Source
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MacroBusiness Wednesday, November 20, 2024 - 13:00 Source

The AEMO and other energy regulators are worried that Australia will suffer from severe gas shortages in the coming winter and every winter after that. They are behind the times. The East Coast gas cartel has delivered a permanent winter to Aussie energy prices. Whenever there is a price shock anywhere, including during northern hemisphere

The post Aussie energy stuck in permanent winter appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2024 - 12:30 Source

Steven Blitz at TSLombard is excellent at times. If it were simply a matter of dealing with the economy as it is, the Fed’s choices would be simpler as well. One more cut to get the funds rate Taylor Rule neutral and then stop. The road to recession still runs through the asset side of

The post How tariffs could trigger a US debt crisis appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2024 - 12:00 Source

The latest ANZ/CoreLogic housing affordability report has revealed the “impossible” barriers facing Australian first-home buyers. The national dwelling value-to-rent ratio hit an equal record high of eight in the September quarter of 2024. At the same time, Australian mortgage rates have roughly doubled from the pandemic low. The combination of higher prices and mortgage rates

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MacroBusiness Wednesday, November 20, 2024 - 11:30 Source

Trump blowoff is still the base case. But, jeez, this market is vulnerable to shocks. The Market Ear. Unstoppable force of Momentum The Momentum factor has been on a tear lately. Source: GS Most overbought since 2007 US 1M Momo has rallied 18% in a week, pushing the 14D RSI to the most overbought level

The post Santa beckons stocks appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, November 20, 2024 - 11:09 Source

Every time a fascist-flirting regime is defeated in an election, more column inches and podcast minutes are devoted to the sense that the moral arc of the universe bends towards justice. When Trump, Bolsonaro, Sunak’s Tories or the Law and Justice Party in Poland lose elections, the centrist commentariat breathes a sigh of relief, believing…

The post Sado-populism appeared first on The AIM Network.

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MacroBusiness Wednesday, November 20, 2024 - 11:00 Source

It’s machine-like trading around the US dollar at the moment. DXY up is dirt, mining, EM and junk negative. Down is the inverse. Today we are down. AUD up. North Asia doesn’t want a bar of it. Dirt is flying. Miners more muted. EM up. Junk is still melancholy. Even as bonds are bid. With

The post Australian dollar bought by the macro machines appeared first on MacroBusiness.

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xkcd.com Wednesday, November 20, 2024 - 11:00 Source

Sometimes, you have to sacrifice pieces to gain the advantage. Sometimes, to advance ... you have to fall back.

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Your Democracy Wednesday, November 20, 2024 - 10:56 Source

The subservience of the Labor-Coalition political class to Washington is now almost complete. It is no longer possible to consider the Albanese-Dutton political groupings as anything other than propagandists for US imperial interests. This has been apparent for some time, but it has now reached the stage of making John Howard’s role as “deputy sheriff” appear as a form of forceful independence.

 

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MacroBusiness Wednesday, November 20, 2024 - 10:41 Source

Westpac with the note. • Leading Index has moved into positive territory, from –0.20% in September to +0.26% in October. • This provides a tentative signal that growth momentum is set to improve from its current nadir. • Improvements mostly centred on components related to consumer sentiment and commodity prices. Hardly tearing it up.

The post Leading index firms appeared first on MacroBusiness.

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