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MacroBusiness Friday, February 23, 2024 - 00:05 Source

Inflation is falling back down to earth across the globe. This reflects the unwinding of pandemic supply bottlenecks, which saw factories and shipping lanes close, driving goods and tradeable inflation through the roof amid strong government stimulus. The world’s economies are now experiencing the flipside. Factories and shipping lanes are open (save for Houthi attacks

The post Inflation is plunging. Rate cuts are coming. appeared first on MacroBusiness.

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Your Democracy Thursday, February 22, 2024 - 20:18 Source

Community opposition to the AUKUS project finds expression in a Sydney suburb.

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The Australian Independent Media Network Thursday, February 22, 2024 - 19:38 Source

United Nations Media Release UN experts* today expressed alarm over credible allegations of egregious human rights violations to which Palestinian women and girls continue to be subjected in the Gaza Strip and the West Bank. Palestinian women and girls have reportedly been arbitrarily executed in Gaza, often together with family members, including their children, according…

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Cheeseburger Gothic Thursday, February 22, 2024 - 17:48 Source

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Renew Economy Thursday, February 22, 2024 - 17:22 Source
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MacroBusiness Thursday, February 22, 2024 - 17:00 Source

Asian share markets are starting to lift together – except local stocks – with Japanese markets playing catchup to the post NY rally in Chinese stocks while futures are looking promising for overnight markets. The USD is still pulling back against most of the major currency pairs, while the Australian dollar is pushing higher above

The post Macro Afternoon appeared first on MacroBusiness.

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THE BLOT REPORT Thursday, February 22, 2024 - 16:29 Source

The Nazis burnt books by Albert Einstein, Sigmund Freud, Thomas Mann, Erich Maria Remarque among many other well-known intellectuals, scientists and cultural figures, many of whom were Jewish1. 

The 1929 Nobel Prize-winning German author Thomas Mann, supported the Weimar Republic and his critique of fascism raised Nazi ire. Erich Maria Remarque was vilified by Nazi ideologues for his unflinching description of the First World War in All Quiet on the Western Front. The Nazis characterised it as “a literary betrayal of the soldiers of the World War”1.

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The Australian Independent Media Network Thursday, February 22, 2024 - 16:19 Source

On February 20, it was clear that things were not going to be made easy for Julian Assange, the WikiLeaks founder who infuriated the US imperium, the national security establishment, and a stable of journalists upset that he had cut their ill-tended lawns. He was too ill to attend what may well be the final…

The post Identifying Imperial Venality: Day One of Julian Assange’s High Court Appeal appeared first on The AIM Network.

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Renew Economy Thursday, February 22, 2024 - 15:27 Source
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Renew Economy Thursday, February 22, 2024 - 15:14 Source
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Renew Economy Thursday, February 22, 2024 - 15:10 Source
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Renew Economy Thursday, February 22, 2024 - 15:09 Source
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Renew Economy Thursday, February 22, 2024 - 14:58 Source
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Renew Economy Thursday, February 22, 2024 - 14:21 Source
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MacroBusiness Thursday, February 22, 2024 - 14:00 Source

CoreLogic released its final auction results for last weekend, with a clearance rate of 68.8% across the combined capital cities, down -1.5 percentage points from the previous week (70.3%). This came off a big lift in auction volumes. Last weekend saw 2,091 homes taken to auction across the combined capital cities, up from 1,642 over

The post Auction deluge descends on Melbourne appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, February 22, 2024 - 13:40 Source

Public Health Association of Australia Media Release Public health experts are calling for the Federal Government to urgently implement and properly resource the proposed Australian Centre for Disease Control (ACDC) to ensure COVID-19 advice is consistent across Australia. The call from the Public Health Association of Australia comes as public health experts await further details…

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MacroBusiness Thursday, February 22, 2024 - 13:30 Source

Westpac with the note. While wages may have risen as expect, they were supported by stonger wage outcomes from public sector wages, via enterprise bargaining, while wages more closely tied to economic activity, individual agreements, moderated. The Wage Price Index (WPI) increased 0.9% over the December quarter to be 4.2% higher in annual terms –

The post Major bank destroys RBA wages outlook appeared first on MacroBusiness.

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MacroBusiness Thursday, February 22, 2024 - 13:00 Source

It’s terrible! An average first-home buyer couple can no longer comfortably afford the loan repayments on an entry-level house in the nation’s biggest cities, and even units are slipping out of reach in some regions. Young couples would need to put upwards of 40% of their income towards mortgage repayments if they purchased an entry-level

The post Domain gaslights first home buyers as it destroys appeared first on MacroBusiness.

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MacroBusiness Thursday, February 22, 2024 - 12:30 Source

Deconstructing today’s political leaders is like shooting fish in a barrel with a howitzer. They are so stupid or corrupt that you can’t miss them. All it takes is the slightest historical context; they are exposed as frauds. Take Albo’s latest buffoonery about supermarket profit gouging: Anthony Albanese has dismissed calls for forced divestiture powers

The post Albo is the cuddly face of the gouging oligopolies appeared first on MacroBusiness.

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Renew Economy Thursday, February 22, 2024 - 12:01 Source

electricity network transmission infrastructure AEMC - optimised

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MacroBusiness Thursday, February 22, 2024 - 12:00 Source

The latest data from the Federal Chamber of Automotive Industries (FCAI) shows that new car sales in Australia are booming with a record 89,782 new vehicles sold in January 2024, 5.8% more than January 2023 and breaking the previous January record of 88,551 set in 2018: Despite the boom in new sales, the below chart

The post Australia oversupplied with new cars appeared first on MacroBusiness.

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MacroBusiness Thursday, February 22, 2024 - 11:30 Source

According to NVDA, AI has passed the tipping point, as it printed impossible sales numbers for AI chips: …accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations. But is that the tipping point of madness? Via FTAalphaville: Yesterday OpenAI published an incident report about “unexpected

The post AI passes tipping point…of insanity appeared first on MacroBusiness.

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MacroBusiness Thursday, February 22, 2024 - 11:00 Source

The notion is that if Australia simply relaxed planning restrictions and let developers build apartments wherever they wanted, then Australia’s housing crisis would magically resolve. This myth has been demolished by an article in the Daily Telegraph, which reports that “Almost one billion worth of housing in one of Sydney’s most affordable local government areas

The post Relaxing planning won’t magically build housing appeared first on MacroBusiness.

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MacroBusiness Thursday, February 22, 2024 - 10:30 Source

A poke in the eye for the bears. From Judo Bamk. Flash Australia Composite PMI Output Index: 51.8 (Jan: 49.0), 10-month high Flash Australia Services PMI Business Activity Index: 52.8 (Jan: 49.1), 10-month high Flash Australia Manufacturing PMI Output Index: 45.0 (Jan: 48.5), 45-month low Flash Australia Manufacturing PMI: 47.7 (Jan: 50.1), 2-month low And

The post Aussie flash PMI pops appeared first on MacroBusiness.

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The Tally Room Thursday, February 22, 2024 - 10:30 Source

The Victorian state government last week announced the final ward boundaries for 39 councils for this October’s council elections.

I’ve been compiling those ward boundaries as a shapefile and that’s now finished.

The VEC published KML files for every proposed set of ward boundaries. Unfortunately these boundaries weren’t always used for the final boundaries, and no new KML files were published for the final version. About a third of the councils saw some wards changed, and another third or so changed the ward names.

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The Australian Independent Media Network Thursday, February 22, 2024 - 10:06 Source

By James Moore   I do not understand. Perhaps, I never will. Does anyone? As Russia kills innocents in Ukraine and dissidents within its own borders, a former American president refuses to criticize the murderous dictator. Maybe, it’s because he idolizes the brutality and wants some of his own to deploy for political purposes on American…

The post The Hero Haunted World appeared first on The AIM Network.

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MacroBusiness Thursday, February 22, 2024 - 10:00 Source

Justin Fabo at Antipodean Macro has published a series of charts assessing Wednesday’s wage price index data from the Australian Bureau of Statistics (ABS), which posted the strongest annual nominal growth since March 2009. “Private-sector wages growth was +0.9% q/q while public-sector wages growth of +1.3% q/q was boosted by pay outcomes for health workers

The post Australian wage growth has peaked appeared first on MacroBusiness.

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MacroBusiness Thursday, February 22, 2024 - 09:30 Source

If you want to able to sell Fanta to China in times of war, you will need a source of it other than Australia: Rio Tinto’s board has approved the world’s biggest mining project in West Africa, chief executive Jakob Stausholm said as he outlined the company’s ambition to produce iron ore from the $20bn

The post RIO pulls trigger on Pilbara killer appeared first on MacroBusiness.

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MacroBusiness Thursday, February 22, 2024 - 09:00 Source

Wall Street remains listless while bond markets saw more selling as yields rose across the complex in the wake of the release of the latest FOMC Minutes, which found most Fed members concerned about “too fast” rate cuts. The USD was largely unchanged against most of the majors with the Australian dollar again stuck at

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Thursday, February 22, 2024 - 08:08 Source

DXY is still easing back: AUD is trading sideways: North Asia is soft: Oil and gold soft: Dirt is up on the latest Chinese drivel: Miners fell anyway: EM was stable: Junk jaws are slowly closing: Yields were up again: Stocks fell into NVDA: The Fed minutes were sensible: Participants noted improvements in both headline

The post Australian dollar bears keep Fed at bay appeared first on MacroBusiness.

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