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Your Democracy
Tuesday, October 3, 2023 - 06:19
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Isn't it rich? Are we a pair? Me here at last on the ground, You in mid-air, Where are the clowns? Isn't it bliss? Don't you approve? One who keeps tearing around, One who can't move, Where are the clowns? There ought to be clowns? Just when I'd stopped opening doors, Finally knowing the one that I wanted was yours Making my entrance again with my usual flair |
MacroBusiness
Tuesday, October 3, 2023 - 00:05
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Australia’s record net overseas migration (NOM) has been driven by the unprecedented rebound in international student visa arrivals. Monthly Australian Bureau of Statistics (ABS) visa data shows that a net 294,000 international students arrived in Australia over the year to July, which drove the 503,000 increase in total net visa arrivals (excluding visitors): Separate data |
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MacroBusiness
Monday, October 2, 2023 - 21:01
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Since June, the Reserve Bank of Australia (RBA) has kept the official cash rate (OCR) at 4.10%. Official interest rates have hopefully also peaked; although that will depend on whether there is a major upside surprise in the economic data. However, given there is still a large number of cheap pandemic fixed-rate mortgages that have The post Aussie households plunge deeper into mortgage stress appeared first on MacroBusiness. |
Renew Economy
Monday, October 2, 2023 - 17:35
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MacroBusiness
Monday, October 2, 2023 - 16:36
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A Jacaranda Avenue, 1943, Ethel Carrick, NGV AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 Easy Listening Ramsey Lewis, Brazilica Eumir Deodato & Euro Groove Department, Super Strut Shakatak, Nightbirds Spyro Gyra, Morning Dance George Duke, T-Jam Lee The post Macro Afternoon: 2 October 2023 appeared first on MacroBusiness. |
Your Democracy
Monday, October 2, 2023 - 16:03
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On October 14, we can change our Constitution to recognise the original inhabitants – now one of the most disadvantaged groups in Australia. Their suffering stems from the autocratic decisions made about and for them by Colonial and Australian governments. But how can we decide which way to vote? Here is a decision-making model that can help.
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Renew Economy
Monday, October 2, 2023 - 15:49
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Renew Economy
Monday, October 2, 2023 - 15:37
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The Australian Independent Media Network
Monday, October 2, 2023 - 14:52
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When President Obama commented that he thought cannabis was likely less dangerous than alcohol it generated headlines around the world. Why? Cannabis is a relatively harmless therapeutic and recreational drug. It has been studied more exhaustively than any other therapeutic substance on earth. In recorded history there is not a single documented case of a… |
The Australian Independent Media Network
Monday, October 2, 2023 - 13:52
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Refugee Action Coalition Media Release AUSTALIA’S SECRET PNG DEAL MUST BE INVESTIGATED Refugee advocates are calling on both the Australian and PNG governments to urgently investigate the secret 2021 deal struck by the Morrison government and PNG governments for services to refugees left in PNG by Australia. Serious suspicions surround the governance of the deal… The post Corruption suspicions hang over secret PNG refugee contracts appeared first on The AIM Network. |
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MacroBusiness
Monday, October 2, 2023 - 13:30
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Via the Shadow. Shadow Board’s Confidence in Required Rate Hold Strengthens The latest data point to inflation having fallen further: the monthly consumer price index (CPI) rose 4.9% in the twelve months to July, the biggest contributors to inflation once again being housing (+7.3%), along with food and non-alcoholic beverages (+5.6%). While encouraging, this still The post Shadow RBA says hold appeared first on MacroBusiness. |
MacroBusiness
Monday, October 2, 2023 - 13:00
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CoreLogic has released its September housing market results, which shows that the nation’s rental vacancy rate has collapsed to a record low 1.0% across the combined capital cities and 1.2% across the combined regions: “Rent markets remain tight pretty much everywhere”, CoreLogic director of research, Tim Lawless said. “The pre-COVID average for capital city vacancy The post Australia spirals deeper into rental crisis appeared first on MacroBusiness. |
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MacroBusiness
Monday, October 2, 2023 - 12:30
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The Market Ear kicks us off. Mission impossible… …or is everything possible? Imagine the pain should tech get inspiration from the 1999 year end squeeze… Refinitiv That was quick We have seen one of the fastest drops in equity positioning since early 2022. Time to think about the upside pain trade? DB The trend line The post End of cycle shock still ahead appeared first on MacroBusiness. |
Your Democracy
Monday, October 2, 2023 - 12:15
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THERE are many decent websites which harbour denialist views in regard to global warming, amongst some excellent reality about Ukraine, about the corrupt Bidens and the loony Trump.
These website make an unfortunate subprime package of real conspiracies and fake analysis of stuff. We try hard to understand and to select the bits of truth…
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The Australian Independent Media Network
Monday, October 2, 2023 - 12:00
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The tributes for the late Democratic Senator from California, Dianne Feinstein, heaped up as word got out. Having served as San Francisco mayor and a senator for three decades from what, on paper at least, is meant to be a progressive state, Feinstein proved herself to be an establishment creature of gusto and brass. The… The post Dianne Feinstein: National Security State Diva appeared first on The AIM Network. |
MacroBusiness
Monday, October 2, 2023 - 12:00
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Pressure continues to build on new Victorian Premier, Jacinta Allan, to cancel former Premier Dan Andrews’ Suburban Rail Loop (SRL) project. Natasha Bradshaw from the Grattan Institute has called for Allan to cancel the SRL, noting that the project’s cost had blown out to between $150 billion to $200 billion, while the economic benefits are The post Dan Andrews’ Suburban Rail Loop must be cancelled appeared first on MacroBusiness. |
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MacroBusiness
Monday, October 2, 2023 - 11:30
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The Albanese government’s plan to build 1.2 million homes over five years is becoming increasingly unrealistic. Data on dwelling approvals, loans for the building or purchase of new dwellings, and new home sales have all plummeted, implying that Australia will build fewer homes rather than more in coming years. This fall in construction will occur The post More home builders collapse, decimating supply targets appeared first on MacroBusiness. |
MacroBusiness
Monday, October 2, 2023 - 11:00
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Credit Agricole with the note. Thanks to an impressive resurgence this month, the USD is set to come in on top of all its G10 FX peers in Q323. The USD has been unfazed by the lingering threats of a US government shutdown that historically tends to act as a drag, and instead focus The post Australian dollar to ride USD reality check appeared first on MacroBusiness. |
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xkcd.com
Monday, October 2, 2023 - 11:00
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MacroBusiness
Monday, October 2, 2023 - 10:30
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Last week, the Australian Academy of Technological Sciences and Engineering (AATSE) and the Climate Council urged the federal government to accelerate Australia’s path to ‘net zero’ emissions. Australia is currently committed to reducing its carbon emission by 43% below 2005 levels by 2030, as part of a transition to “net zero” emissions by 2050. However, |
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MacroBusiness
Monday, October 2, 2023 - 10:00
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PropTrack has released data showing that Australian dwelling values have now fully recovered their RBA interest rate-induced losses, and are now tracking at record highs: “Home price growth has been driven by record levels of net overseas migration, tight rental markets and a housing shortage”, PropTrack notes. While a sharp increase in the number of The post It’s an Albo engineered housing crisis appeared first on MacroBusiness. |
MacroBusiness
Monday, October 2, 2023 - 09:30
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Chinese property is not recovering. Not even in Goldman Week: Developer funding is plugged: Infrastructure funding is still down year on year: Steel output lifted moving into the the holiday but demand is weak: The PMIs split. The official manufacturing number firmed, though new orders are still falling: The NBS services PMI was similar: However, The post China’s property black hole eats Golden Week appeared first on MacroBusiness. |
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MacroBusiness
Monday, October 2, 2023 - 09:00
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The Queen of the fake left let her petals of wisdom fall on the weekend. Katherine Murphy at The Guardian: Burnout is an ever-present risk for people in public office. The most effective political leaders live in a constant state of hyper-vigilance. They scan the horizon for incoming risks and run multiple scenarios in their The post The polarisation of nothing appeared first on MacroBusiness. |
John Quiggin
Monday, October 2, 2023 - 08:57
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Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. |
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Your Democracy
Monday, October 2, 2023 - 06:48
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Users of the social media network X (formerly Twitter) have fact-checked a statement made by United States Secretary of State Antony Blinken in which he said Vladimir Putin’s government “manipulates” the details of massacres in Kiev in 1941 “to provide cover for Russia’s abuses in Ukraine.” |
MacroBusiness
Monday, October 2, 2023 - 00:15
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CommSec posted the below chart on Twitter showing how Australian per capita wealth has rebounded toward last year’s peak: The average Australian was worth $567,632 in June 2023, according to the Australian Bureau of Statistics (ABS). The rebound in household wealth has obviously been driven by the similar rebound in home values. As shown in The post Housing hunger games showers Australians with fake wealth appeared first on MacroBusiness. |
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MacroBusiness
Monday, October 2, 2023 - 00:05
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Local Reads: Airbnb tax rort: why is the government subsidising holiday landlords? – Michael West Australia Institute report reveals Aussie households throwing out $19.3bn of food a year – News.com.au Qantas fiasco sees family “downgraded” to Jetstar flight on $10k trip to Edinburgh – Yahoo PM warns of ‘catastrophic outcomes’ of No vote as Clive The post Watercooler reads and videos: 2 to 6 October appeared first on MacroBusiness. |
Renew Economy
Sunday, October 1, 2023 - 21:40
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New Politics
Sunday, October 1, 2023 - 17:30
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The Australian Independent Media Network
Sunday, October 1, 2023 - 16:59
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A protest vigil will be held for 4 days at the electoral office of Anthony Albanese 334A Marrickville Road, Marrickville NSW 2204. This event is part of a set of rolling actions across the nation aimed at obtaining visas. There are ongoing protests at the Victorian electoral office of Home Affairs Minister Clare O’Neil. Canberra… The post Media Alert – Refugees Say “Fair Go, Albo” appeared first on The AIM Network. |
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