MacroBusiness
Monday, April 8, 2024 - 12:30
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The Emerson Report on supermarket gouging of suppliers is out. From the doyen Emerson himself: Smaller suppliers might be earning insufficient returns to warrant new investment in innovation and equipment that would enable them to offer better-quality products at lower prices. Some might describe this as desirable creative destruction, after economist Joseph Schumpeter, but that |
Renew Economy
Monday, April 8, 2024 - 12:23
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MacroBusiness
Monday, April 8, 2024 - 12:00
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Australia’s great China apologist, Geoff Raby, is back: And herein is probably the key to China’s continued secular growth. Urbanisation on most measures is only about 65 per cent. The developed country average is about 84 per cent. Nearly a quarter of China’s 1.4 billion population is still to find its way into these urban The post Chinese urbanisation done and dusted appeared first on MacroBusiness. |
Renew Economy
Monday, April 8, 2024 - 11:49
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MacroBusiness
Monday, April 8, 2024 - 11:30
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Statistics Canada last week reported the largest increase in the nation’s population in history, with 1.27 million residents added in 2023, with 98% of that growth coming from net overseas migration: The following chart from the National Bank of Canada shows that the population increase has blown way past Statistics Canada’s “high growth” forecasts: “Economists, |
The Australian Independent Media Network
Monday, April 8, 2024 - 11:25
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A most disturbing revelation, with profound repercussions for victims of rape and sexual assault, was made by former Channel Seven Spotlight producer Taylor Auerbach in his evidence in the defamation action brought by Bruce Lehrmann against Channel Ten and Lisa Wilkinson. Lehrmann is alleged to have raped staffer Brittany Higgins in the parliament house office… The post The Harman Undertaking appeared first on The AIM Network. |
MacroBusiness
Monday, April 8, 2024 - 11:00
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Former Treasury Secretary Dr Ken Henry has called for a revamp of taxation and government spending in a speech to the Australian National University. Henry said the current over-reliance on personal income tax is placing too great a burden on young people at the same time as they are being priced out of the housing The post Australia drowning in taxes appeared first on MacroBusiness. |
MacroBusiness
Monday, April 8, 2024 - 10:30
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Transparency International (TI) recently released its 2023 Corruption Index, which revealed that Australia’s score has fallen by ten percentage points since 2012: Transparency International cited Australia’s failure to reform its foreign bribery laws and take more decisive action to regulate lobbying, donations, and the revolving door between big business and politics, as well as lax |
MacroBusiness
Monday, April 8, 2024 - 10:00
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Wiping the egg from my face, I refer back to my recent post “Goodbye gold“. That said, I did not say that gold would not go up! I argued that I could no longer discern the drivers that would trigger it, and I was confused by the rise of BTC. That confusion is discussed today The post What’s fueling the golden rocket? appeared first on MacroBusiness. |
xkcd.com
Monday, April 8, 2024 - 10:00
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MacroBusiness
Monday, April 8, 2024 - 09:30
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The Market Ear on the tested bull. Testing the bull market What kind of correction is this? The VIX spike points to 5% ‘setback’. Watch HY to see if it will be 10% ‘correction’ instead. SEB X-Asset SEB X-Asset Hedge funds selling “Hedge funds net sold global equities for a second straight week and at The post Correction time? appeared first on MacroBusiness. |
The Tally Room
Monday, April 8, 2024 - 09:30
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The recent Tasmanian election was very interesting and complex to follow, right down to the final preference distributions, but it also did a good job of translating votes into seats. The House of Assembly was expanded in size from 25 to 35, and with that became a system more likely to produce a highly proportional result. Now that the results have been finalised, it’s clear that this was a very proportional translation of votes into seats. If we just start by looking at the 2024 results by party, they line up quite neatly. |
MacroBusiness
Monday, April 8, 2024 - 09:00
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Wall Street got a big boost on Friday night from a hot non-farms payroll/US jobs print that initially saw the USD spike higher before the details were absorbed in full. While the hot report will dampen rate cut expectations, other macro considerations including the higher oil price are keeping risk sentiment in check. Most undollars The post Macro Morning appeared first on MacroBusiness. |
MacroBusiness
Monday, April 8, 2024 - 07:52
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DXY was stable Friday night: AUD the same: No help from North Asia: Gold and oil are wild: Base metals are entering the same gravity well: Miners went the other way: EM still looks poised for breakout: Junk firmed: Yields are on the march: Stocks rose anyway: US jobs were once again strong: Total nonfarm The post Australian dollar rides the golden reflation appeared first on MacroBusiness. |
Your Democracy
Monday, April 8, 2024 - 05:35
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Half of Americans are struggling to afford their rising housing costs, and the financial squeeze is so severe for many that over one in five skip meals to get by, a new poll has revealed. |
Your Democracy
Monday, April 8, 2024 - 05:23
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John Quiggin
Monday, April 8, 2024 - 05:19
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That’s what the Bible (or at least, the preacher in Ecclesiastes) says, and sometimes I feel as if that’s right. But right now, I’m basking in the glow of having returned final proofs for Public Policy and Climate Change: Politics, Philosophy and Economics, a text to appear in the Lecture Notes in Economics and Policy series put out by World Scientific Publishers. |
Your Democracy
Monday, April 8, 2024 - 02:58
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I had a funny dream by 2:22 AM... Weird. The producer of this show — Ms Gus Leonisky — my feminine side — had gone to buy a couple of bananas, still wearing the director’s earphones, to illustrate how the president of Australia would be a Minogue, either Dannii or Kylie, depending on which banana would rot first. The day was April 9th 2028, tomorrow. |
Renew Economy
Monday, April 8, 2024 - 01:10
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MacroBusiness
Monday, April 8, 2024 - 00:14
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China property sales are still awful: There is no end in sight. Goldman: Excess inventories in property sector yet to be addressed. Record levels of defaults have led to declines in the amount of China property bonds and trust financing outstanding, though bank lending to property developers continued to increase, albeit at a slow pace The post Chinese property and iron ore crash on appeared first on MacroBusiness. |
MacroBusiness
Monday, April 8, 2024 - 00:05
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Say what you will about The Kouk, but his “ghastly” assessment of the nation’s crisis is spot on: “Building approvals are looking as sick as a dog. We’ve got a 1.9% decline in monthly dwelling approvals, compounding on earlier monthly falls”. “We are now down 45% in the number of dwelling approvals from the 2021 The post Albo locks in brutal, long lasting housing crisis appeared first on MacroBusiness. |
Your Democracy
Sunday, April 7, 2024 - 12:26
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US Treasury Secretary Janet Yellen has threatened Chinese companies with “consequences” if they supply parts or equipment to the Russian military. During a multi-day trip to Beijing, Yellen also accused China of saturating global markets with cheap goods. |
The Australian Independent Media Network
Sunday, April 7, 2024 - 12:08
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The occasional burst of candour from US diplomats provides a striking, air clearing difference to their Australian and British counterparts. Official statements about the AUKUS security pact between Washington, London and Canberra, rarely mention the target in so many words, except on the gossiping fringes. Commentators and think tankers are essentially given free rein to… The post Aukusing for War: The Real Target Is China appeared first on The AIM Network. |
Your Democracy
Sunday, April 7, 2024 - 11:19
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https://www.youtube.com/watch?v=CHJKKsOHtAk Why were climate models so wrong about 2023? Neil deGrasse Tyson learns about why 2023 was hotter than we expected it to be and what effects need to be factored into future climate modeling with climatologist at NASA Goddard Institute, Gavin Schmidt. How 2023 Broke Our Climate Models with Neil deGrasse Tyson & Gavin Schmidt
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Renew Economy
Sunday, April 7, 2024 - 10:36
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MacroBusiness
Sunday, April 7, 2024 - 10:21
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The weekend’s preliminary auction results from CoreLogic showed that the preliminary clearance rate increased by 4.8% to 75.9%. This week’s preliminary clearance rate was the highest since the week ending February 11 earlier this year. The bounce in clearances was broad-based, with most cities seeing an increase from the Easter long weekend low. Melbourne saw The post Australia’s housing market still red hot appeared first on MacroBusiness. |
Your Democracy
Sunday, April 7, 2024 - 08:30
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"It's a pain you can't describe," Raylene Nixon says quietly. "It's something that you feel deeper than a broken heart - it's pain in your soul." |
Renew Economy
Sunday, April 7, 2024 - 06:20
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Your Democracy
Sunday, April 7, 2024 - 05:44
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On our own behalf: Why journalism is not a conspiracy theory and Multipolar is not a “right-wing” magazine The RKI protocols that Multipolar sued for have triggered a broad political debate about coming to terms with the Corona period. Some media are now trying to attack our credibility. Multipolar is “right-wing” or “conspiracy-theoretical,” according to SPIEGEL and the Süddeutsche Zeitung. A reply. PAUL SCHREYER, April 4, 2024, 18 comments, PDF |
Renew Economy
Saturday, April 6, 2024 - 22:08
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