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Renew Economy Monday, July 15, 2024 - 21:56 Source
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The Australian Independent Media Network Monday, July 15, 2024 - 17:33 Source

The trouble – as you may remember me saying on numerous occasions – with any half-decent conspiracy theory is that it’s impossible to use facts to counter it because any fact that contradicts it has clearly been contaminated by those people who are behind the conspiracy. So in the aftermath of the bullet that whistled…

The post Well, At Least We Know That Lee Harvey Oswald Was Acting Alone! appeared first on The AIM Network.

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MacroBusiness Monday, July 15, 2024 - 17:00 Source

The post Trump pot shot reaction on risk markets has been mixed with the USD climbing while bond markets have sold off slightly with a 5 point immediate rise in 10 year Treasuries. Today’s Chinese GDP print came in lower than expected while the CCCP has its Third Plenum meeting – not good timing! The

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Monday, July 15, 2024 - 15:32 Source
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The Australian Independent Media Network Monday, July 15, 2024 - 15:32 Source

By Kerri Lynn The bystander shot at the Trump rally was Corey Comperatore. From what we know of Corey he was a decent person: “Corey Comperatore, 50, was a family man who loved to fish. He worked at a plastics manufacturing company, volunteered as a firefighter and went to church.” What of the listed 5…

The post The bystander appeared first on The AIM Network.

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Renew Economy Monday, July 15, 2024 - 15:23 Source
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Renew Economy Monday, July 15, 2024 - 14:43 Source
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Renew Economy Monday, July 15, 2024 - 14:40 Source
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The Australian Independent Media Network Monday, July 15, 2024 - 14:09 Source

His entire set of teeth, and gums, must be gold plated by now. Former British Prime Minister Tony Blair has decided to let the world, and more specifically Sir Keir Starmer’s freshly elected government, in on a secret: that artificial intelligence is inexorably majestic, glorious and sovereign. Embrace it and fob off the doomsdayers. Importantly…

The post Tony Blair: Profiteer and Emissary of Artificial Intelligence appeared first on The AIM Network.

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MacroBusiness Monday, July 15, 2024 - 14:00 Source

It is becoming increasingly clear that the Reserve Bank of New Zealand’s decision to hold the official cash rate at a highly restrictive 5.5% is a mistake. The March quarter national accounts showed that New Zealanders are suffering from a deeper per capita recession, with real per capita GDP down a hefty 4.3% from the

The post Reserve Bank’s recession steepens and deepens appeared first on MacroBusiness.

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MacroBusiness Monday, July 15, 2024 - 13:30 Source

Neoliberal economist Richard Holden has called on Australia to cut its company tax rate after new figures from the OECD shows that Australian companies pay the second-highest effective rate in the world. The OECD showed that Australian companies paid an effective average tax rate of 28.5% on their income in 2022, higher than the OECD

The post Cutting company taxes would be a grave mistake appeared first on MacroBusiness.

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MacroBusiness Monday, July 15, 2024 - 13:00 Source

Goldman with the note. The tactical backdrop looks increasingly friendly for risk and negative for the Dollar with further signs of a benign slowdown in US growth, gradual disinflation (reinforced by the June CPI report this week), and a relatively light data calendar ahead. In our view, this sets up for additional downside pressure on

The post Major bank: Australian dollar rally hamstrung appeared first on MacroBusiness.

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Renew Economy Monday, July 15, 2024 - 12:57 Source
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MacroBusiness Monday, July 15, 2024 - 12:30 Source

Some minor good news for gas today: Snowy Hydro has struck a 25-year deal for the storage of gas, providing a government-backed contract to underpin an expansion of the east coast’s biggest gas storage plant. The agreement with the Iona gas storage facility in Victoria underscores Canberra’s expectations that the fossil fuel will remain part

The post Gas cartel rorts Aussies again and again appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, July 15, 2024 - 12:24 Source

By Denis Hay Introduction Australia’s federal politicians often liken the national economy to a household budget, perpetuating myths about deficits and surpluses. This comparison misleads the public about how a sovereign government functions. Unlike a household, Australia’s government, as the issuer of its own currency, operates under different financial principles. This article explores the truths…

The post Understanding Federal Government Deficit and Surplus appeared first on The AIM Network.

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MacroBusiness Monday, July 15, 2024 - 12:00 Source

Harry Ottley, Economist at CBA, has written the below excellent report explaining how government-aligned jobs such as those related to the National Disability Insurance Scheme (NDIS) has driven almost all of Australia’s job growth. As a result, the labour market appears to be somewhat disconnected from broader economic outcomes. Key Points: The labour market is

The post Why Australia’s unemployment rate is so low appeared first on MacroBusiness.

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Renew Economy Monday, July 15, 2024 - 11:40 Source
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MacroBusiness Monday, July 15, 2024 - 11:30 Source

There are good bubbles, such as the periodic tech booms that suck in capital and supercharge innovation. There are bad bubbles, such as those in real estate, which only temporarily inflate wealth and leave a destructive load of bad debt when they pop. And there are stupid bubbles, which add nothing much at all, then

The post Australia’s hilarious bank bubble appeared first on MacroBusiness.

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Renew Economy Monday, July 15, 2024 - 11:06 Source
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Renew Economy Monday, July 15, 2024 - 11:06 Source
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MacroBusiness Monday, July 15, 2024 - 11:00 Source

The Market Ear leads us off. There are risks to megacaps. Consider yourself warned 1. The semis king supreme of the tech bull of 2000, Dan Niles, wants to be conservative in his positioning in Mag7 ahead of reporting. “I believe Thursday was a warning sign of what could occur if there are any disappointments

The post Stocks to boom or bust? appeared first on MacroBusiness.

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Your Democracy Monday, July 15, 2024 - 10:53 Source

https://www.youtube.com/watch?v=k-zG_frixvU

Jon Stewart SHUTS DOWN Biden & MSNBC Leaving Crowd ROARING

 

MEANWHILE:

While the attempted assassination of Donald Trump has been roundly condemned by his political opponents, liberal politicians and pundits have – implicitly and explicitly – called for his death before. 

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MacroBusiness Monday, July 15, 2024 - 10:30 Source

Reuters is describing another problem for iron ore: China approved no new coal-based steel projects in the first half of 2024, researchers said on Thursday, accelerating its shift towards green production as it prepares for the impact of a new carbon levy on exports to Europe. Local governments approved 7.1 million metric tons of new

The post The iron ore scraptastrophe is here appeared first on MacroBusiness.

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Cheeseburger Gothic Monday, July 15, 2024 - 10:08 Source

After a cold but fine weekend, we got some real Tasmanian weather overnight, so I’ll be staying tucked up in my hotel room today, working on The Javan War. We’ll see how that goes without my usual screen farm. I don’t mind the change in venue, however. Lots of writers dream of locking themselves into a hotel room until their project is done. And there is something pleasing about being warm and dry while foul weather prevails outside your big picture windows.

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MacroBusiness Monday, July 15, 2024 - 09:30 Source

It appears a young Republican has given his life to make Donald Trump unbeatable in the forthcoming election. Polymarket: Amazing: Trump was already surging in poling prior to the shooting: For assets, this means a stronger DXY and stock market, weaker AUD and commodities.

The post Trump unstoppable: markets appeared first on MacroBusiness.

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Renew Economy Monday, July 15, 2024 - 09:23 Source
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MacroBusiness Monday, July 15, 2024 - 09:00 Source

Friday night saw the release of the latest US PPI print and unlike the lower than expected CPI print in the previous session, this one came in hotter than expected, with US markets not as ebullient as the rest of the risk complex. The USD was initially higher on the print and then retraced alongside

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Monday, July 15, 2024 - 08:42 Source

https://www.youtube.com/watch?v=CW8IF028w7I

What Happened to Gaza in Liberal Discourse?

 

CAIRO (Sputnik) - Over 140 people were killed and 400 were injured in Israeli strikes on the Gaza Strip over the past 24 hours, the enclave's health ministry said on Sunday.

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MacroBusiness Monday, July 15, 2024 - 08:00 Source

Figures from the Department of Home Affairs revealed that 3,555 Chinese students applied for asylum in the five years to June, compared to 1,788 Malaysian students and 1,112 Indian students. The release of the figures comes at a time when visa holders claiming protection are increasing following a Labor crackdown on international education. Immigration influencer

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Your Democracy Monday, July 15, 2024 - 07:58 Source

https://www.youtube.com/watch?v=l97750ijaeE

Larry C. Johnson Updating his Analysis on How Trump SURVIVES ASSASSINATION

 

MEANWHILE:

BY Chris Hedges

 

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