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Renew Economy Thursday, November 21, 2024 - 15:12 Source
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Your Democracy Thursday, November 21, 2024 - 14:48 Source

After Trump’s emphatic win in the US presidential Election held on the 5th of November, I was both surprised and concerned by the lack of trouble making from the Democratic incumbent and his supporters. They were just too quiet, so I suspected that they had something up their sleeves.

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Renew Economy Thursday, November 21, 2024 - 14:26 Source

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Renew Economy Thursday, November 21, 2024 - 14:24 Source
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MacroBusiness Thursday, November 21, 2024 - 14:00 Source

Treasurer Jim “chicken” Chalmers is warming up to spend. In a speech to parliament on Wednesday, the Treasurer said ­increased public expenditure had protected the nation from ­recession, despite economists warning it was putting upward pressure on inflation. “The economy has continued to grow, but barely … it would have been negative in the March

The post Massive energy rebates are coming appeared first on MacroBusiness.

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MacroBusiness Thursday, November 21, 2024 - 13:30 Source

Former Victorian Premier Daniel Andrews announced in 2023 that the state would build 80,000 homes annually for the next ten years. Since Labor formed the government in 2014, Victoria has never built more than 70,000 new homes in a calendar year. Therefore, the 80,000 annual target necessitates a significant increase in construction activity. However, the

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MacroBusiness Thursday, November 21, 2024 - 13:00 Source

The Future Fund, which is one-third the size of the Australian economy, will be directed to invest in housing, security, and the green energy transition “where possible, appropriate, and consistent with strong returns”. In a joint statement, Treasurer Jim Chalmers and Finance Minister Katy Gallagher committed that “the government won’t start any drawdowns from the

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Renew Economy Thursday, November 21, 2024 - 12:55 Source
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Renew Economy Thursday, November 21, 2024 - 12:50 Source
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Renew Economy Thursday, November 21, 2024 - 12:40 Source
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MacroBusiness Thursday, November 21, 2024 - 12:30 Source

Is Trump Hitler? It is a question being proffered by the left with increasing frequency. And, equally, dismissed by the right. There are parallels. Mostly in the methods of management and control. Trump’s cadre of self-absorbed nutters is easily comparable to Goering, Himmler, Goebels, Heydrich and Bormann. While this is, currently, conjecture, he’ll be playing his

The post Is Trump Hitler? appeared first on MacroBusiness.

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MacroBusiness Thursday, November 21, 2024 - 12:00 Source

Morgan Stanley with the note. Our Global Economics team expects another couple of years of ~3% Y/Y real global GDP growth. Inflation in major developed economies is still stabilizing after the Covid surge, and our team sees additional progress next year, albeit less progress than in 2024. Regionally, they expect US growth to slow in

The post Global disinflation still on track appeared first on MacroBusiness.

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MacroBusiness Thursday, November 21, 2024 - 11:30 Source

Earlier this year, the NSW Productivity and Equality Commission (PEC) lamented that young Sydneysiders were leaving the city, forced out by high housing costs. The NSW PEC advocated easier planning rules and the widespread construction of high-rise shoebox apartments rather than the most straightforward solution of lowering net overseas migration. Net overseas migration into NSW

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MacroBusiness Thursday, November 21, 2024 - 11:00 Source

Australian energy is a disaster. We are trying to transition from coal to renewables with both hands tied behind our backs. The issue is neither. It is gas. The East Coast gas export cartel is driving the price unseasonably higher as we speak. If it continues much longer, off-season electricity pricing will bottom out far

The post More subsidies for nation-destroying gas cartel appeared first on MacroBusiness.

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MacroBusiness Thursday, November 21, 2024 - 10:30 Source

AFR Education Editor Julie Hare argues that the ‘crackdown’ on migration will worsen Australia’s chronic skills shortage. Professor Eric Knight, Macquarie University’s deputy vice-chancellor (people and operations), says politicians’ – and the community’s – growing “intolerance for migration” is adding fuel to the flames of skill shortages as unemployment remains at almost historically low levels.

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Renew Economy Thursday, November 21, 2024 - 10:07 Source
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Renew Economy Thursday, November 21, 2024 - 10:01 Source
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MacroBusiness Thursday, November 21, 2024 - 10:00 Source

The Reserve Bank of Australia (RBA) noted in the minutes of its board meeting for November that there are signs that the job market is beginning to tighten. The unemployment rate was steady at 4.1% in October. RBA governor Michelle Bullock has previously indicated that the strength of the labour market is among the reasons

The post Government job printer drives productivity collapse appeared first on MacroBusiness.

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Your Democracy Thursday, November 21, 2024 - 09:47 Source

Two hundred and fifty years after the publication of Adam Smith’s Wealth of Nations, our leaders insist that the prosperity of citizens rests upon a trickling down of bounty from the export of raw materials. This simplistic narrative is told, and retold, by almost every newspaper editor in the country, over and over again, in the form of a Gregorian chant without end.

 

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Thursday, November 21, 2024 - 09:30
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Thursday, November 21, 2024 - 09:30
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Thursday, November 21, 2024 - 09:30
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Thursday, November 21, 2024 - 09:30
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Thursday, November 21, 2024 - 09:30
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MacroBusiness Thursday, November 21, 2024 - 09:30 Source

Steel and iron ore futures are range trading. Goldman presents further evidence that the steel and bulk markets are balanced for now. The forward order books of mills were flat to up MoM in November, better than the past seasonal pattern, while the absolute level of demand remains soft. Among all key demand segment, orders

The post Iron ore balanced for now appeared first on MacroBusiness.

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Your Democracy Thursday, November 21, 2024 - 09:25 Source

‘Almost no chance of survival’ – Ukraine’s ex-top general tells troopsFrontline conditions demand a kill-or-be-killed mentality, Valery Zaluzhny has told soldiers

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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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