Blogotariat

This is a follow-up to Monday’s blog post, which explored the trends away from election day voting at the federal level, and how those trends have been accelerated by the COVID-19 pandemic.

For this blog post, I’m splitting up the 2019 vote between votes cast on election day and those cast earlier, and looking at which seats have higher rates of early voting.

As a final part in my series on trends in people voting early, today I’m analysing differences in how people vote, depending on whether they vote early or vote on election day, using the categories established in yesterday’s post.

Despite losing the last two elections, Labor won a majority of the two-party-preferred vote amongst those voting on election day at both of those elections. Indeed Labor has won the election day vote at four out of the last five federal elections.

Overnight stock markets were a little more bullish as anticipation builds for the upcoming Fed meeting. Bond markets had a roundtrip of a night with 10 year US Treasury yields still pushing around the 3% level with a 50 basis point rise at the next Fed meeting still being priced in. The USD remains strong

The post Macro Morning appeared first on MacroBusiness.

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The Morrison government's election campaign is a disaster, but the real story is still the state of the press

Yesterday’s ANZ-Roy Morgan consumer confidence survey posted a massive 6.0% fall, driven by a 9.6% decline amongst people ‘paying off their home loan’, who are growing increasing concerned about rising interest rates. The concern is greatest amongst the army of households that took out jumbo-sized mortgages in 2021 at record low rates below 2.5%: Many

The post Interest rate apocalypse: mortgage repayments set to double appeared first on MacroBusiness.

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Global Macro / Markets / Investing: The S&P is having its worst start to a year since 1939 – CNN Food Shortages Surge to Record High, Food Price Inflation 2nd Highest Ever – Breitbart Hi, Stagflation. We’re officially here. Growth is negative and inflation is at 9 percent. – Forbes Warren Buffett, Charlie Munger Blast

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By Lucy Hamilton   The recent budget has underscored that the Coalition government has abandoned the needy, and the nation’s future. Whether an Australian is hunting for a job or displaced from disaster-wrecked town, they should expect almost nothing from our leaders. The budget’s lessons should remind us that “conservatives” see themselves as representing the self-sufficient.…

A mixed session here in Asia for risk takers as most of the big stock markets are closed still with the dominating catalyst for the day being the once in a decade rate rise by the RBA, which lead to some oscillation in stock prices but put a light underneath the Australian dollar. Even still,

The post Macro Afternoon appeared first on MacroBusiness.

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There will be many uncast votes on 21 May. There will be many voices silenced because those aged 70 or over represent 83% of the growing Covid deaths in Australia. Lest we forget. I am in my 70th year. An achievement in some ways. My vote, and that of my companions, will not decide this…

The post The vote of Citizen K appeared first on The AIM Network.

Fresh from the RBA: At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 35 basis points. It also increased the interest rate on Exchange Settlement balances from zero per cent to 25 basis points. The Board judged that now was the right time to begin withdrawing some of the extraordinary

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As we know, business groups are lobbying the federal government heavily to boost migrant numbers, including by demanding: Uncapped access to temporary migrant workers and the abolition of labour market testing so-called Temporary Skills Shortage (TSS) visas. Speedier and cheaper visa application processes. Doubling of the permanent skilled migration intake to 200,000 a year to

The post Before importing more migrant workers, use those already here appeared first on MacroBusiness.

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