Blogotariat

The key macroeconomic data for Australia shows that this century’s immigration boom has been deleterious to the nation’s productivity and living standards. The following chart plots Australia’s long-run trend per capita GDP growth against labour productivity (GDP per hour worked) and the immigration rate (net overseas migration as a share of the population). Clearly, productivity

Donald Trump has been declared the winner of the 2024 presidential race, prompting a meltdown in the Kamala Harris camp and the US corporate media – who are struggling to understand what went wrong.

Wall Street analyst Charles Ortel gives the top three reasons behind Trump's victory:

If scientific fraud represents five per cent of scientific papers, we might well expect that we have a great deal of philosophic fraud as well. But in philosophy, how can we detect the fraudsters?

Trump's sweeping victory is bad news for climate action and the US energy transition, but it leaves China as the big winner.

Former president Donald Trump has taken to the stage in Florida to claim victory in the US election.

It is expected that he has secured enough votes to win the electoral college, with JD Vance as his vice president. 

As the US presidential election count continues, it becomes increasingly likely that Donald Trump will win. It appears that the majority of Americans believe that Trump is more trustworthy than Kamala Harris on economic issues, and they say that the economy is their principal concern.

The irony in this belief is that it is the opposite of the real situation, at least if we assume that Trump will carry out the promises that he has made.

By Daniel Raynolds A fierce debate has been ongoing within the international community both in favour and against the UN Chief’s attendance at the BRICS summit in Russia.* Critics, like political scientist Professor Alexander J. Motyl, argue that the UN Secretary-General’s cordial engagement with Vladimir Putin compromises the moral authority of the UN, and the…

The post To Putin or not to Putin appeared first on The AIM Network.

Morgan Stanley with the note. Gauging Potential Economic Implications of Higher Tariffs Although future trade policy is heavily debated heading into the US election, our Global Economics team believes the market may still be underappreciating the degree to which higher tariffs, if implemented, could affect the US economy. They estimate that if 60% tariffs on

The post Implications of American tariffs appeared first on MacroBusiness.

Charlie McElligott at Nomura on a post-election melt-up. Equities are resilient after last week’s mini-wobble and with “Vol leak” pressures building, while USTs are rallying significantly alongside US Dollar being hit lower….as “Harris (Gridlock)” is trending ‘hard’ in final polling, reversing some of that past month’s-worth of “Trump (Red Sweep)” hedging –premium, which is seeing

The post Post-election melt-up? appeared first on MacroBusiness.

The Guardian’s Benita Kolovos penned a propaganda piece entitled “Downsizing the Australian dream: why families are trading houses with back yards for apartments”, putting a positive spin on forcing Australian families to live in high-rise apartments. The article profiled a family of four living in a two-bedroom, two-bathroom apartment in the inner Melbourne suburb of

ABC political reporter Keane Bourke acknowledges that “Australia doesn’t have enough houses”. Bourke also believes that there is “a hidden capacity in the market which, in theory, could help solve that problem”, namely an abundance of homes with spare bedrooms. According to Bourke, Australia would have capacity “for about five million extra people” if these

The post Migrantocracy invites itself into your bedroom appeared first on MacroBusiness.

New pathways to clean power outlined by UK grid operator including three fold increase in wind and solar, and a reduction in nuclear.