Blogotariat

A confession by former German chancellor Angela Merkel about the Minsk peace agreements could be used as evidence in a tribunal involving Western politicians responsible for provoking the Ukraine conflict between Moscow and Kiev, the Russian Foreign Ministry warned on Thursday.

In this week’s issue of Tony’s View, independent economist Tony Alexander looks at the many factors that will stabilise New Zealand’s housing market in 2023, setting the scene for a cyclical recovery into 2024. Rising construction costs Rising construction costs provide a natural floor to overall house price levels and are one of at least

The post New Zealand house prices to bust then boom appeared first on MacroBusiness.

The Grattan Institute’s Tony Wood has continued his mea culpa on energy market intervention. In 2015, Wood said “governments should resist self-interested calls from some industries to cap prices or reserve gas for the domestic market”. He also said “Western Australia should go further, and end its policy of reserving gas for domestic use” claiming

The post Options for fixing Australia’s energy mess appeared first on MacroBusiness.

Deutsche with a useful note. We argued last month that the dollar has seen the high for this cycle, with our EUR/USD year-end forecast at 1.05. With these levels reached, what now? To start with, it is important to understand why the dollar has weakened so sharply in recent months: in our framework it is

The post US dollar not done yet appeared first on MacroBusiness.

The Parliamentary Budget Office (PBO has forecast that the average personal income tax rate will rise to 26.4% in 2032-33, compared with 23.7% in 2021-22. The ‘Beyond the Budget’ report shows that personal income tax revenue is expected to rise to half a trillion dollars in 2032-33 and account for 50% of federal government revenue.

The post Aussie income tax to soar on bracket creep appeared first on MacroBusiness.

Attacks deep into Russian territory carried out by Ukrainian forces confirm Moscow's fears that are behind the Russian military operation in Ukraine. NATO has plans to use Ukraine as an attack platform against Russia and this is the biggest threat to Russia's security since the USSR was dissolved.

by Luciano Lago

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The September quarter national accounts revealed that Australia’s per capita household disposable income fell 0.8% over the quarter to be 4.1% lower year-on-year: While average earnings per non-farm employee rose 4.7% over the past year and average earnings per hour worked rose 3.1%, both were well below the national account’s 6.8% inflation (GDP deflator) nor

The post Aussie household disposable income crashes appeared first on MacroBusiness.

A relief rally on Wall Street out of nowhere helped lift risk sentiment overnight, snapping back a near week long selloff amid continued pessimism around global growth prospects, as China announced more pledges to underline growth. In currency land, the USD gave back some of its recent gains with Euro and Pound Sterling firming back

The post Macro Morning appeared first on MacroBusiness.

Apparently, at the AFR: NSW has dropped its demand that it be compensated for about $100 million in royalties, which would be lost by a cap on black coal, and instead has convinced the Commonwealth to temporarily subsidise energy bills for households and businesses. On the eve of Friday’s national cabinet meeting, NSW Liberal Treasurer

The post Energy deal almost there appeared first on MacroBusiness.

Dr Bob Birrell and Ernest Healy from the Australian Population Research Institute have released a new research paper, entitled The Skills Crisis, University Culpability and the Overseas Student Industry, which examines the international student (immigration) boom that will arise following September’s Jobs & Skills Summit, alongside its consequences for Australia. Below are key extracts of the