Blogotariat

Oz Blog News Commentary
MacroBusiness Saturday, February 22, 2025 - 11:55 Source

DXY was firm. AUD legged down the leg up. Jaws still open. Oil was flogged. Can’t find an obvious reason. Commods mixed. Miners down. EM Deep Seeking continues. Junk yawn. Yields rolling? Stocks puked. US housing and services data was soft but not terrible. Perhaps everything was exaggerated by Batwoman’s new coronavirus. More likely were

The post Australian dollar sickened by new coronavirus appeared first on MacroBusiness.

Read more Views: 15
Your Democracy Saturday, February 22, 2025 - 11:22 Source

The relationship between the US and Ukraine is now undergoing “total destruction,” with Vladimir Zelensky trying to fight President Donald Trump on behalf of America’s ‘Deep State’, Andrey Telizhenko, former 3rd Secretary at the Ukrainian Embassy in the US, told RT. The ‘Deep State’ itself, however, appears to be falling apart as well, he warned.

read more

Read more Views: 26
THE BLOT REPORT Saturday, February 22, 2025 - 09:54 Source

After what happened in the US on January 20th and subsequently, I have found myself constantly scrolling through assorted writings on Substack, where a large number of reasonably literate Americans, and some very astute Australians (e.g. John Quiggin, Tim Dunlop) are fulminating, or at least aghast at the idiotic petulance from the Mango Mussolini. I also recently heard this sort of scrolling being appropriately termed ‘doomscrolling’. This is defined as: “The act of spending too much time reading negative news online, especially on social media”.

Read more Views: 27
New Politics Saturday, February 22, 2025 - 08:00 Source

Read more Views: 33
MacroBusiness Saturday, February 22, 2025 - 07:53 Source

Congratulations must go to the Albanese government and its Grand China Grovel, for it has delivered what is left of “Australia” a truly unprecedented outcome. When Qantas pilots jetting across the Tasman have to worry about the threat of potshots from Chinese warships, the stabilisation in relations between Canberra and Beijing has reached its limits.

The post Albo China grovel delivers battleships in the Tasman appeared first on MacroBusiness.

Read more Views: 24
Your Democracy Saturday, February 22, 2025 - 07:32 Source

WE ARE GOING TO EXPLORE A FEW CONTRADICTORY EVENTS IN THIS TRAGIC COMEDY IN WHICH WE ARE PAWNS IN PAIN AND KINGS IN GLORIOUS CLOTHES...

WE VOTE, WE CONTROL OUR DESTINY BUT WE DON'T. 

 

------------------------

 

Read more Views: 29
Your Democracy Saturday, February 22, 2025 - 07:19 Source

President Cyril Ramaphosa has downplayed the absence of US Secretary of State Marco Rubio at the G20 Foreign Ministers’ meeting, calling it “not a train smash.” Ramaphosa insisted that the US would still follow the outcomes of the discussions.

Read more Views: 28
Your Democracy Saturday, February 22, 2025 - 06:37 Source

President Trump bashed Ukrainian President Volodymyr Zelensky as a “Dictator” in a blazing rant Wednesday, one day after an American delegation met with Russian officials in Saudi Arabia.

Ukraine didn’t have a seat at the table at the Riyadh discussions, leaving Zelensky fuming that his country wasn’t represented in the first formal talks between Washington and Moscow since the Kremlin launched its invasion of Ukraine in February 2022.

Read more Views: 27
Your Democracy Saturday, February 22, 2025 - 05:52 Source

The rapid development of Artificial General Intelligence and advanced AI systems has ushered in a new era of technological capability. These systems are becoming increasingly sophisticated, capable of performing tasks that were once thought to require uniquely human intelligence.

 

AI, power and the future of human autonomy – A growing divide    By Yuri Koszarycz

 

Read more Views: 31
MacroBusiness Saturday, February 22, 2025 - 00:05 Source

International Reading: Donald Trump gets bad news on economy: poll – News Week Economist Warns That Elon Musk Is About to Cause a “Deep, Deep Recession” – Futurism Is DOGE Just Making Up Numbers And Hoping No One Notices? – Huff Post Trump says his administration will check Fort Knox ‘to make sure the gold

The post Weekend Reading and Media Appearances appeared first on MacroBusiness.

Read more Views: 32
MacroBusiness Friday, February 21, 2025 - 17:30 Source

Its all about Japan today as the latest inflation figures come in hot, sending a flurry of activity across the Japanese government bond market and Yen sharply lower as the BOJ indicates more rate rises are needed. Other Asian share markets are doing well although local shares are still flopping around due to the latest

The post Macro Afternoon appeared first on MacroBusiness.

Read more Views: 42
Renew Economy Friday, February 21, 2025 - 15:17 Source
Read more Views: 45
Renew Economy Friday, February 21, 2025 - 15:13 Source
Read more Views: 33
Renew Economy Friday, February 21, 2025 - 14:46 Source
Read more Views: 32
Renew Economy Friday, February 21, 2025 - 14:34 Source
Read more Views: 27
Renew Economy Friday, February 21, 2025 - 14:33 Source
Read more Views: 27
Your Democracy Friday, February 21, 2025 - 14:30 Source

... With Trump's win, the Liberals would have thought the latest manifestation of a widespread international swing to the right would put wind in their sails. But the counter-argument has grown — an erratic and autocratic Trump is making some Australian voters feel more unsettled and inclined to stick with the status quo.

 

Read more Views: 26
Renew Economy Friday, February 21, 2025 - 14:29 Source
Read more Views: 28
Renew Economy Friday, February 21, 2025 - 14:21 Source
Read more Views: 30
John Quiggin Friday, February 21, 2025 - 14:10 Source

Quick quiz. Suppose you read a headline in the online version of the Wall Street Journal (or NY Times etc) stating that, from now on, US Treasury bonds would be redeemed in crypto. Would your response be

(i) That’s absurd. Either it’s April Fools Day or someone has hacked the website

(ii) That’s unlikely. Surely [1] Wall Street will be able to kill this crazy idea

(iii) That will be tricky. Which cryptocurrencies will be included and what will be the exchange rates?

Read more Views: 39
MacroBusiness Friday, February 21, 2025 - 14:00 Source

The Real Estate Institute of New Zealand’s (REINZ) house price index (HPI) for January was released this week. Nationally, home values declined by 0.2% in January to be 1.4% lower year-on-year. The seasonally adjusted HPI recorded a slight increase of 0.1% in January, which was lower than the 0.7% rise in January 2024. After experiencing one

The post Reserve Bank ends New Zealand’s house price crash appeared first on MacroBusiness.

Read more Views: 26
MacroBusiness Friday, February 21, 2025 - 13:30 Source

The latest insolvency data from the Australian Securities and Investments Commission (ASIC) shows that 1,420 businesses in the hospitality industry became insolvent in the first seven months of 2024-25. This represented a 62% increase on the 877 hospitality businesses that went under in the same period of 2023-24 and 156% higher than the same time

The post Coffee inflation will bankrupt cafes appeared first on MacroBusiness.

Read more Views: 21
MacroBusiness Friday, February 21, 2025 - 13:00 Source

Victoria’s public debt is already the highest in the country, and the state has the lowest credit rating. One of the causes of Victoria’s ballooning debt is the state’s wasteful infrastructure splurge, which frequently involves massive projects that do not stand up to critical examination. Victoria has recently seen cost overruns totalling $2.5 billion for

The post Infrastructure waste buries Victorians in debt appeared first on MacroBusiness.

Read more Views: 21
MacroBusiness Friday, February 21, 2025 - 12:30 Source

Chinese house prices are bouncing along the bottom. Goldman. The National Bureau of Statistics’ 70-city house price data suggest the weighted average property price in the primary market decreased by 0.8% mom annualized in January after seasonal adjustments. Both Tier-1 and Tier-2 cities continued to show sequential increases in primary home prices in January, albeit

The post Chinese house prices bounce along the bottom appeared first on MacroBusiness.

Read more Views: 23
Your Democracy Friday, February 21, 2025 - 12:26 Source

The Bank of Russia (CBR) has said it is not in talks with the US administration regarding the removal of economic sanctions imposed over the Ukraine conflict. Washington has signaled that sanctions relief could be a part of the peace process to end hostilities, leading to speculation in the media about potential discussions.

Read more Views: 19
Renew Economy Friday, February 21, 2025 - 12:03 Source
Read more Views: 20
MacroBusiness Friday, February 21, 2025 - 12:00 Source

Via Institute for Energy Economics & Financial Analysis. The worsening supply-demand outlook in Australia’s eastern states has prompted renewed calls for increased gas production. However, such measures have consistently failed to address the longer-term risk of supply gaps, and policy solutions should be further explored instead. Most notably, while LNG producers prioritise exports to take

The post IEEFA: Reserve gas now appeared first on MacroBusiness.

Read more Views: 21
MacroBusiness Friday, February 21, 2025 - 11:30 Source

Deloitte Access Economics has released its latest Employment Forecasts, which noted that “the market sector workforce experienced modest employment growth in 2024 with most job growth very much sponsored by the public sector”. “The non-market sector (health care, education, and public admin) drove most of the growth in the past year. An ageing population has

The post NDIS jobs boom crashes productivity appeared first on MacroBusiness.

Read more Views: 28
MacroBusiness Friday, February 21, 2025 - 11:00 Source

The gall of Treasurer Jim Chalmers is unbelievable. Following the Reserve Bank of Australia’s (RBA) decision to cut the official cash rate on Tuesday, Chalmers gave a “blunt” warning to landlords to pass the mortgage interest savings onto tenants. “When interest rates are cut, that has a broader impact than just people with a mortgage”,

The post Jim Chalmers insults Australian renters appeared first on MacroBusiness.

Read more Views: 22
xkcd.com Friday, February 21, 2025 - 11:00 Source

AAAAAA A ÃA̧AȂA̦ ǍÅÂÃĀÁȂ AAAAAAA!

Read more Views: 13

Pages