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Renew Economy Wednesday, April 17, 2024 - 15:01 Source
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Your Democracy Wednesday, April 17, 2024 - 14:26 Source

Belgian police barricaded the entrance to a conference of national conservatives in the capital of the EU for several hours, in what participants denounced as censorship and political repression.

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AustralianPolitics.com Wednesday, April 17, 2024 - 14:25 Source

Richard Marles, the Defence Minister, has launched a new National Defence Strategy and Integrated Investment Program. Marles spoke today at the National Press Club. A full transcript of his speech appears below. Listen to Marles’ speech and questions (72m):

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Renew Economy Wednesday, April 17, 2024 - 13:47 Source
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Renew Economy Wednesday, April 17, 2024 - 13:40 Source
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MacroBusiness Wednesday, April 17, 2024 - 13:30 Source

By Stephen Wu, Economist at CBA: We expect headline CPI increased by 0.7%/qtr and 3.4%/yr in Q1 24. Our forecast sees the trimmed mean CPI rise by 0.8%/qtr and the annual rate step down to 3.7%. An outcome in line with our forecasts would imply a slight undershoot relative to the RBA’s expectations. The upcoming

The post Aussie Q1 inflation to undershoot appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 17, 2024 - 13:00 Source

Good on the Greens for trying but this argument is weak: Outgoing Woolworths boss Brad Banducci was threatened with six months in jail for contempt of the Senate after he refused to directly answer questions about a profit metric, in a fiery Senate hearing that went off the rails on Tuesday. Mr Banducci declined to

The post Supermarkets 1 versus Greens 0 appeared first on MacroBusiness.

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Renew Economy Wednesday, April 17, 2024 - 12:52 Source
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MacroBusiness Wednesday, April 17, 2024 - 12:30 Source

The December Mid-Year Fiscal and Economic Outlook (MYEFO) projected that Australia’s net overseas migration would fall to 375,000 this financial year. Labor’s projection was categorically blown out of the water by Tuesday’s net permanent and long-term arrivals figures from the Australian Bureau of Statistics (ABS), which recorded the strongest monthly (105,500), quarterly (172,400),  and annual

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Cheeseburger Gothic Wednesday, April 17, 2024 - 12:12 Source

I’ve done a fair bit of international travel over the last five years, Covid notwithstanding, and the thing I most appreciated in an airline was a deep recline. It’s not easy sleeping in flight, but even a couple of inches lower on the recline helps.

This carefully crafted clickbait obviously hit all of my buttons then.

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MacroBusiness Wednesday, April 17, 2024 - 12:00 Source

The December quarter national accounts from the Australian Bureau of Statistics (ABS) recorded that GDP per capita fell by 1.0% in 2023: Real per capita household final consumption also fell by 2.5% in 2023, which drove the 0.3% annual decline in per capita final demand: Meanwhile, real per capita household disposable income in Australia plummeted

The post IMF forecasts grinding recession for Australia appeared first on MacroBusiness.

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Renew Economy Wednesday, April 17, 2024 - 11:43 Source
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Renew Economy Wednesday, April 17, 2024 - 11:41 Source
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Renew Economy Wednesday, April 17, 2024 - 11:40 Source
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MacroBusiness Wednesday, April 17, 2024 - 11:30 Source

According to the most recent set of CoreLogic and PropTrack home value statistics, Perth is at the forefront of the nation’s price boom, with a spectacular rise in home values in the year to March. CoreLogic’s daily housing values index reported that Perth dwelling values increased by 19.8% in the year to March, considerably above

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

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Your Democracy Wednesday, April 17, 2024 - 11:24 Source

'Then CBS Fired You?': Jim Jordan Questions Catherine Herridge About Reporting On Biden, Hunter

https://www.youtube.com/watch?v=nWfgnID6rao

 

it's time for being earnest.....

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MacroBusiness Wednesday, April 17, 2024 - 11:18 Source

DXY is approaching resistance. If we get through, it will go nuts: AUD is pushing towards critical support: North Asia is a pair of concrete boots: Oil is consolidating while we await Netanyahu’s next act. Gold held: Miners still need the big retest: EM puke: Junk puke: Yields up: Stocks hanging on for grim death:

The post Australian dollar crushed by Fed appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 17, 2024 - 11:11 Source

RIOn is out with its quarterly report, and it makes interesting reading for an iron ore shorter: • 2024 production guidance is unchanged. • Expectations for Pilbara iron ore shipments in 2024 remain at 323 to 338 million tonnes. SP10 levels are expected to remain elevated until replacement projects are delivered. This guidance remains subject

The post RIO, Vale ready iron ore deluge appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 17, 2024 - 11:00 Source

Young Canadians squeezed by housing are turning away from Justin Trudeau’s left-leaning Liberal Party: Prime Minister Justin Trudeau was elected in 2015 with the support of younger Canadians drawn to his optimistic messaging and socially progressive values. Trudeau’s primary adversary, Conservative Leader Pierre Poilievre, has made significant gains among younger voters since he aggressively criticised

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MacroBusiness Wednesday, April 17, 2024 - 10:48 Source

Westpac with the leading index. Leading Index growth rate drops to –0.23%. • Momentum likely to remain weak throughout 2024. • Pull-back in commodity prices drives latest slowing. • Most other components remain soft. The six-month annualised growth rate in the Westpac Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative

The post Leading index: More crapola growth ahead appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 17, 2024 - 10:30 Source

Westpac predicts that New Zealand CPI inflation will rise by 0.8% in the March quarter. That would see the annual inflation rate drop to 4.2%, down from 4.7% at the end of 2023. However, CPI inflation would still be stronger than the Reserve Bank assumed in its February Monetary Policy Statement. Westpac notes that while

The post Reserve Bank grapples with deepening recession appeared first on MacroBusiness.

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Your Democracy Wednesday, April 17, 2024 - 10:21 Source

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MacroBusiness Wednesday, April 17, 2024 - 10:00 Source

Australia’s population increased by a record 660,000 people in the year to September, which is roughly 1.5 times the size of Canberra. On Tuesday, the Australian Bureau of Statistics (ABS) released net permanent and long-term arrivals figures for February, revealing record arrivals on a monthly, quarterly, and annual basis. An unprecedented 105,460 net permanent and

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The Tally Room Wednesday, April 17, 2024 - 09:30 Source

This is a message for the state of Queensland, who’ve now done this at the last two rounds of council elections in 2020 and 2024.

For each council election, two state by-elections were held at the same time: for Bundamba and Currumbin in 2020, and for Inala and Ipswich West in 2024. In both cases, one of these seats was in the City of Ipswich. Inala is mostly in the City of Brisbane, while Currumbin is in the City of the Gold Coast.

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MacroBusiness Wednesday, April 17, 2024 - 09:00 Source

Continued war jitters across the Middle East plus further Fedspeak overnight is not helping risk to stabilise, although Wall Street was able to put in only minor losses with Asian markets still reeling from yesterday’s wider selloff. The USD continues to push back against the undollars, although gold remains unflappable while bond yields jumped to

The post Macro Morning appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, April 17, 2024 - 08:32 Source

Despite growing momentum to increase female representation in Australia’s national parliament, it continues to be a male dominated domain. New research from Monash University explores why young women still feel reluctant to become a member of the national parliament.  The research, Investigating the ambitions of young women to run for national parliament: the case of…

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MacroBusiness Wednesday, April 17, 2024 - 08:30 Source

Six stats to get you going this morning 1. The Dow closed lower for its 6th straight red day. The index is now down over 2,000 points from its recent all time high. 2. The S&P 500 closed below its 50-day moving average Monday for the first time since last November, ending the 10th longest

The post Stocks enter the bear’s lair appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 17, 2024 - 08:00 Source

Markets love to do a Costanza. But it cannot happen for long when fundamentals are so godawful that they hold sway anyway. Yesterday, iron ore broke its short squeeze on terrible Chinese data: Terrible data for iron ore, that is. Overall, the data was fine. Dalian is as volatile as ever for iron ore snd

The post The great iron ore pile of China appeared first on MacroBusiness.

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Your Democracy Wednesday, April 17, 2024 - 06:51 Source

Some days I wake up and don’t recognise the country we have become. It is not the country I grew up in. It is not a country I can be proud of. It is not a country that has a bright future under current leadership.

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Cheeseburger Gothic Wednesday, April 17, 2024 - 05:22 Source

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