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MacroBusiness Monday, November 11, 2024 - 10:30 Source

The Chinese CPI is going nowhere but down. In October 2024 , the national consumer price index rose by 0.3% year-on – year . Among them, the urban price rose by 0.2% and the rural price rose by 0.3% ; food prices rose by 2.9% and non-food prices fell by 0.3% ; consumer goods prices rose by 0.2% and service prices rose by 0.4% . On average from January to October , the national

The post Chinese deflation is forever now appeared first on MacroBusiness.

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MacroBusiness Monday, November 11, 2024 - 10:00 Source

Rebar held up Friday. While iron ore did not. More Chinese yawnulus. From ANZ. The National People’s Congress (NPC) standing committee meeting concluded with a large-scale debt swap program as we expected. However, the lack of direct fiscal stimulus implies that the policymakers would leave policy room for the impact off Trump 2.0 later. Key

The post Iron ore smashed on yawnulus appeared first on MacroBusiness.

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MacroBusiness Monday, November 11, 2024 - 09:30 Source

The Trump agenda is a winning formula Downunder. Seal the border to restore wage growth, end housing shortages, and repair productivity growth. Income tax cuts to revitalise households. Corporate tax cuts for all businesses except mining, which gets big hikes to pay for it. Drill, baby, drill, while killing the gas cartel (OK, that one

The post Make Australia Great Again appeared first on MacroBusiness.

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The Tally Room Monday, November 11, 2024 - 09:11 Source

We are now coming towards the end of the Victorian council elections. For the councils I have been covering, final primary votes have been recorded for all wards, and in the vast majority the winners have been determined and preferences distributed.

For this post I am looking at 310 contests over 32 urban councils that use single-member wards. I am excluding the City of Melbourne, which uses quite a different electoral system, but otherwise cover all councils with a population over 85,000.

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MacroBusiness Monday, November 11, 2024 - 09:00 Source

The post US election euphoria seems to be dissipating, not helped by the somewhat disappointing Chinese stimulus outcomes on Friday which has led to another reweighting on risk markets. Wall Street went it alone on Friday night with some small advances while European stocks pulled back further alongside oil prices and the Australian dollar as

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Monday, November 11, 2024 - 08:00 Source

My latest interview on Professor David Flint’s Save the Nation program explained why Australia’s productivity and living standards are declining. The interview discusses a range of topics, including: The drivers of Australia’s poor productivity growth. Australia’s record per capita recession. Why Australia’s economy faces a low-growth future. The actual cause of Australia’s housing shortage. Below

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Your Democracy Monday, November 11, 2024 - 07:32 Source

Foreign secretary David Lammy has dismissed comments he made about Donald Trump previously as "old news".

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Your Democracy Monday, November 11, 2024 - 06:42 Source

While official speeches commonly cite ‘democracy’ among the causes for which Australians and our allies have always fought, we are free to wonder if that is not ‘the lie in the soul’ this Remembrance day.

Remembrance Day ceremonies, especially at a local level, sincerely seek to honour the war dead, and to offer solace to the grieving. Worthy objectives.

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John Quiggin Monday, November 11, 2024 - 06:39 Source

Back in 1947, the standard Australian working week was reduced from 44 hours to 40. In 1983, 36 years later, the working week was reduced to 38 hours. That was more than 40 years ago, and there has been a lot of technological progress since then. It makes sense to take some of the benefits of that progress in the form of shorter working hours.

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Cheeseburger Gothic Monday, November 11, 2024 - 06:35 Source

Yesterday, I fired up the Big Green Egg and decided to tackle cooking a whole duck. Until now, I’d never cooked one myself. Usually, we grab a roasted duck from Chinatown and have them carve it for us to make this duck salad everyone loves. But for some reason, ducks were on special this week, so Jane picked one up instead of a chicken. I had my doubts, but I figured, why not?

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John Quiggin Monday, November 11, 2024 - 06:27 Source

Another Monday Message Board. 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, November 11, 2024 - 05:50 Source

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The Australian Independent Media Network Monday, November 11, 2024 - 01:15 Source

Oxfam Australia Media Release Climate disasters are costing the Pacific eight times more than they did a decade ago. The number of people impacted by climate disasters in the Pacific increased 700% on average in the last decade, compared to the previous decade, according to new analysis by Oxfam Australia released as COP29 climate negotiations…

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The Australian Independent Media Network Monday, November 11, 2024 - 01:08 Source

A young woman was killed at the music festival which was attacked by Hamas on 7 October 2023 and a friend of hers who was kidnapped and later released, gave a speech explaining how they were let down by the United Nations because the UN did not save her or the other hostages. It seems…

The post False Equivalence. Life is full of ‘could be’s’ appeared first on The AIM Network.

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MacroBusiness Monday, November 11, 2024 - 00:10 Source

The Reserve Bank of Australia’s (RBA) latest Statement of Monetary Policy (SoMP) noted that the increase in Australian housing credit and prices to record highs is “unusual” given the tightest monetary conditions since the Global Financial Crisis in 2008. “Unusually for a rate tightening period, housing credit growth has picked up over the past year”,

The post RBA: Australian house prices don’t add up appeared first on MacroBusiness.

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MacroBusiness Monday, November 11, 2024 - 00:05 Source

This is wrong. Apostle Funds Management portfolio manager John Barrasso says having Trump in the White House will keep mortgage rates higher for longer, with no immediate relief from inflation. “A strong American economy and a stable or improving Australian one is likely to result in a higher level of inflation than the RBA expected,”

The post American tax and tariffs means Aussie rate cuts appeared first on MacroBusiness.

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Renew Economy Monday, November 11, 2024 - 00:01 Source
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The Australian Independent Media Network Sunday, November 10, 2024 - 20:54 Source

By Denis Hay Description Australia US alliance has costs. Learn how this impacts Australians and how reallocated funds could benefit citizens. Introduction Australia and the United States have been strategic allies for over seventy years. This Australia US alliance, often celebrated with the phrase “old allies and true friends,” is rooted in shared history and…

The post Australia US Alliance: Is It Time to Rethink Our Loyalty? appeared first on The AIM Network.

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The Australian Independent Media Network Sunday, November 10, 2024 - 17:03 Source

The recrudescence of the orange putresence They enthusiastically embraced a convicted felon and known rapist to be their country’s exemplar. Not hesitatingly, not with caveats, not in ignorance of his crimes but knowingly and cheerfully. A tainted vulgarian represents their nation, its ethos, its character. He’s their role model – a man who ran for…

The post Trumpers – an evolutionary dead end appeared first on The AIM Network.

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Your Democracy Sunday, November 10, 2024 - 16:43 Source

The second administration of US President-elect Donald Trump will focus on achieving peace in Ukraine rather than enabling it to take back all the territory it has lost to Russia, Bryan Lanza, a senior campaign advisor to the US president-elect, has said.

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Renew Economy Sunday, November 10, 2024 - 16:10 Source
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Your Democracy Sunday, November 10, 2024 - 09:24 Source

Western media never tire of citing the atrocities of Hamas while diminishing and justifying the killing of tens of thousands of Palestinians in Gaza and the West Bank, even when the majority of them are women and children. But how accurate is this portrayal of events?

 

Atrocity propaganda: Hamas, human shields and genocide   By Craig Nielsen

 

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Your Democracy Sunday, November 10, 2024 - 08:46 Source

Are you OK? It seems an important question as the unhinged and unrestrained president Donald Trump is swept back into power and the world contemplates the implications for the climate, for civil discourse, for women, for minorities, for society as a whole, and for our children and their children.

 

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Your Democracy Sunday, November 10, 2024 - 08:15 Source

The coalition government has collapsed at a moment when Germany's mood is already down. Many people are feeling unsettled by multiple crises.

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Your Democracy Sunday, November 10, 2024 - 07:44 Source

French President Emmanuel Macron said this week that the way for Europe to respond to President-elect Donald Trump's election victory is to become an "omnivore."

Macron's Remarks

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MacroBusiness Sunday, November 10, 2024 - 06:32 Source

DXY is a bull at a gate. AUD is back at the line of control. CFTC AUD positioning remains bizarrely bullish as the currency is murdered. This is very bearish. CNY and AUD are the world’s worst bet. Stay wary of gold and oil. And dirt. Big miners were hosed. EM too. Junk is back.

The post Australian dollar the world’s worst bet appeared first on MacroBusiness.

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Your Democracy Sunday, November 10, 2024 - 06:26 Source

Trump to meet with Biden at Oval Office, White House saysOutgoing president Joe Biden has vowed to ensure a peaceful transition process as Donald Trump enters the White House. Meanwhile, the Republicans have edged closer to controlling Congress.

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MacroBusiness Sunday, November 10, 2024 - 00:10 Source

The Westpac card tracker is not happy. The Westpac Card Tracker Index* declined further over the last fortnight, falling -0.7pts to 136.2 for the week ended November 2. With the full October results now on hand, Q4 seems to have begun on a weak footing. The index has fallen for four consecutive weeks, a result

The post Vicious RBA bullhawk devours consumer hope appeared first on MacroBusiness.

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The Australian Independent Media Network Saturday, November 9, 2024 - 23:15 Source

by Jon Chesterson   Time for a Break from the Curse of this Intrusion ~   ‘Pity a nation that despises a passion in   its dream, yet submits in its awakening’. ‘Pity the nation whose breath is money   and sleeps the sleep of the too well fed’.   I think we all need…

The post Three Poems, Irony and Apology to Elephants appeared first on The AIM Network.

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Your Democracy Saturday, November 9, 2024 - 13:57 Source

https://www.youtube.com/watch?v=VHaE-w4GfqQ

Gutfeld: Joy Reid has completely lost her crap over Trump victory

 

https://www.youtube.com/watch?v=NSh8zz3CyMo

Laura Ingraham: Dems finally learned what happens when reality strikes back

 

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