Blogotariat

Russia and the EU’s messy energy divorce places both sides in a race against time

For half a century, both sides have benefited from close cooperation, but that era is drawing to a close

By Fyodor Lukyanov, the editor-in-chief of Russia in Global Affairs, chairman of the Presidium of the Council on Foreign and Defense Policy, and research director of the Valdai International Discussion Club.

Risk sentiment remains quiet upbeat as share markets continue to ignore inflationary spikes and poor economic data with the latest US personal income and consumer sentiment results intially pushing USD higher before retracing later. Currency markets are still pushing for a weaker USD although the Euro remains in an holding pattern with the Australian dollar

The post Macro Morning appeared first on MacroBusiness.

Congrats to Jason for the launch of his latest splodey/thinky sci-fi mash up. It’s the story of a 21st century combat vet who survives long enough to make it into the era of consciousness transfer and space colonisation. Our of his tired old broken down wrinkly carcass and into a nice new virtual rig to head out to the stars. What could possibly go wrong?

It’s a great Golden Age pastiche of some of my fave SF tropes. Even the cover art, by Jason’s daughter, is early 1950s Amazing Stories adjacent.

Finally, after ten years of making the problem worse, the ACCC has been fully macrobated on the gas cartel: it is a gas cartel that threatens national energy security it makes money at $5Gj the local shortfall will get much worse it is destroying manufacturing and driving a power shock we need much stronger domestic

The post ACCC condemns gas cartel appeared first on MacroBusiness.

Via AIG: Much worse to come. Full report.

The post Aussie PMI fades appeared first on MacroBusiness.

MOSCOW (Sputnik) - British Foreign Secretary Liz Truss does not intend to authorize a second referendum on Scottish independence if she is elected UK prime minister, she told The Telegraph.

"Scottish Nationalists accepted that their referendum was a once in a generation opportunity, and I will hold them to that," Truss said on Saturday, adding "I will work to strengthen our whole Union."

CoreLogic has released its full dwelling value results for July, which shows that values nationally fell by 1.3%, with price falls recorded across five capital cities and the combined regions: As already documented, Sydney and Melbourne led the price falls on both a monthly and quarterly basis. In fact, Sydney’s price decline is the sharpest

The post Aussie rents boom as house prices bust appeared first on MacroBusiness.

A common response from Western nations to the Ukraine war is one of “support for Ukraine” or “standing with Ukraine” as it suffers ongoing attack from Russia.

CoreLogic has released its daily dwelling value results for July, which track price changes across Australia’s five major capital cities. At the 5-city aggregate level, dwelling values fell by 1.44% in July, which was is biggest monthly price decline since January 1983: The collapse in prices was driven by Sydney (-2.2%) and Melbourne (-1.5%), with

The post It’s official: Australian house prices are collapsing appeared first on MacroBusiness.

Former PM Scott Morrison’s chief ally in the Coalition, Alex Hawke posted the following on Facebook:

“From day one the Albanese Labor Government has launched a major culture war to remove the Lords Prayer from being read in our parliament. For over 120 years a prayer has started every single day of Australia’s parliament. Given we are a majority Christian country and that ,regardless [sic] of your beliefs, our culture has been seasoned by christian values such as helping others, compassion to the vulnerable and fairness, how will Albanese and Labor removing these values from our Parliament make us stronger?”1

The General Secretary of NATO, Jens Stoltenberg, took it upon himself recently to lecture the members of the European Parliament about the need to “pay the price” necessary to keep Ukraine able to function and fight in its ongoing conflict with Russia. What he failed to admit was the major role he himself played in bringing about this conflict.