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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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Renew Economy Saturday, November 9, 2024 - 10:40 Source
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Your Democracy Saturday, November 9, 2024 - 10:04 Source

Trump’s stated positions on major international issues, e.g. climate change and the value and importance of multilateral institutions, both political and economic, and on particular issues such as Ukraine, the Middle East and relations with China, give grounds for plenty of concern when compared with Australian interests and policies.

 

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Your Democracy Saturday, November 9, 2024 - 09:16 Source

WASHINGTON (TNND) — MSNBC host Rachel Maddow on Wednesday decried President-elect Donald Trump’s electoral victory in a lengthy on-air rant.

Maddow has openly opposed Trump and his supporters, such as billionaire Elon Musk. The anchor on Tuesday described Musk’s relationship with the U.S. an “untenable reality” for national security.

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Your Democracy Saturday, November 9, 2024 - 07:38 Source

Barely a day after declaring victory in the US election, President-elect Donald Trump is facing his first revolt from the establishment.

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New Politics Saturday, November 9, 2024 - 04:55 Source

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MacroBusiness Saturday, November 9, 2024 - 00:20 Source

CoreLogic’s daily dwelling values index shows that Sydney and Melbourne home values are now falling, down 0.1% and 0.2% over the last 28 days, respectively. SQM Research released data on the number of for-sale listings, which revealed that Sydney (+12.7%) and Melbourne (+12.1%) have experienced the sharpest rise in listings out of the major capital

The post Why Sydney and Melbourne house prices are falling appeared first on MacroBusiness.

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MacroBusiness Saturday, November 9, 2024 - 00:10 Source

Local Reads: Raygun retires from breaking after Olympic backlash – BBC ‘Ecosystems are collapsing’: one of Australia’s longest rivers has lost more than half its water in one section, research shows – The Guardian Scientists confirm “disgusting” composition of mysterious tar balls that surfaced on Sydney beaches – ABC Australians who think inequality is high

The post Weekend reading and media appearances appeared first on MacroBusiness.

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George Monbiot Friday, November 8, 2024 - 20:17 Source

Trump’s win is a return to the default state of centralised, hierarchical societies – like ours. That’s the problem.

By George Monbiot, published in the Guardian  7th November 2024

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The Australian Independent Media Network Friday, November 8, 2024 - 19:46 Source

Monash University is calling for Australia’s federal and state governments to take a bold leap on transitioning the nation to a sustainable and innovative circular economy. In a submission to the Productivity Commission’s inquiry into the circular economy, Monash has recommended a raft of policy, funding and regulatory settings that could make Australia the global leader…

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Your Democracy Friday, November 8, 2024 - 18:39 Source

The Guardian has offered its journalists free counseling and mental health support to help them process Donald Trump’s win in the US election, according to an internal email seen by Guido Fawkes, a British political gossip blog.

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MacroBusiness Friday, November 8, 2024 - 17:00 Source

Asian stock markets are taking a pause after the mid week volatility from the US election as all eyes are on Chinese authorities as the National People’s Congress winds up. Australian stocks finally put on some solid gains while the Australian dollar is still in recovery mode at just below the 67 cent level post

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Friday, November 8, 2024 - 16:51 Source
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The Australian Independent Media Network Friday, November 8, 2024 - 16:11 Source

Last election I voted for Monique Ryan but I certainly won’t be at the next federal election and I’ll explain the reason later but it would be remiss of me to ignore the obvious event that’s probably affecting the mood of so many people… Trump won. It’s really quite amazing on so many levels but,…

The post Trump’s Victory And Why I Won’t Be Voting For Monique Ryan This Time! appeared first on The AIM Network.

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Renew Economy Friday, November 8, 2024 - 15:30 Source
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The Australian Independent Media Network Friday, November 8, 2024 - 14:54 Source

By Denis Hay Description: Human Behaviour How do culture and environment shape human behaviour in Australia? Discover how Australia can build a more compassionate society using its economic sovereignty. Introduction Australia, often celebrated for its “fair go” ethos, often blames individuals for social issues like crime, poverty, and unemployment. This perspective ignores the broader environmental…

The post Human Behaviour and Responsibility: Culture’s Impact appeared first on The AIM Network.

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Renew Economy Friday, November 8, 2024 - 14:41 Source
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Renew Economy Friday, November 8, 2024 - 14:39 Source
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Your Democracy Friday, November 8, 2024 - 13:58 Source

The fascist trend in America’s politics portends a lasting erosion of the underpinnings of the ties which have bound Australia to its most important ally and provides a powerful reason for us to loosen these ties. 

 

The US on the road to fascism: a time to loosen our ties     By Jeremy Webb

 

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Renew Economy Friday, November 8, 2024 - 13:44 Source
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MacroBusiness Friday, November 8, 2024 - 13:30 Source

The November Statement of Monetary Policy (SoMP) from the Reserve Bank of Australia (RBA) included the following chart showing so-called “administered price inflation” with utilities removed, which are those prices that are (at least partly) regulated or relate to items for which the public sector is a significant provider. These prices are largely unaffected by

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MacroBusiness Friday, November 8, 2024 - 13:00 Source

The Victorian government has embarked on an authoritarian plan to seize control of planning from local governments and create 50 activity zones earmarked for high-density apartments. These activity zones will include wealthy areas, such as Brighton, Armadale, Glenferrie, Glen Iris, Malvern, and Toorak. They will be rezoned to allow the building of high-rise apartment complexes

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Your Democracy Friday, November 8, 2024 - 12:49 Source

Over two months from Inauguration Day, the Trump team has apparently taken its first steps toward making good on the candidate's promise to stop the bloodshed in Ukraine, with a WSJ report outlining options for freezing the crisis. The purported peace plan is a good first step, but would need tweaks to become acceptable to Russia, an observer says.

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MacroBusiness Friday, November 8, 2024 - 12:30 Source

A great piece from Domain today. Presidential emergency powers are broader, kicking in once an “emergency” is declared. What that might be, though, falls under a wide scope. “By definition, an emergency is something you really can’t pin down and define in advance,” says Tribe, an emeritus professor of constitutional law at Harvard University. Hence,

The post Will Trump turn dictator? appeared first on MacroBusiness.

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Renew Economy Friday, November 8, 2024 - 12:25 Source
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MacroBusiness Friday, November 8, 2024 - 12:00 Source

Professor McKibbin has contracted Trump derangement syndrome: As the Reserve Bank conceded the incoming US president’s debt-fuelled policies would put upward pressure on global interest rates, former bank board member Warwick McKibbin likened the impact of Trump’s plans on Australia to being in the middle of a line of fireworks as they exploded on New

The post McKibbin contracts Trump derangement syndrome appeared first on MacroBusiness.

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