Blogotariat

Thanks to a great response last week to an article about Klaus Schwab’s creep-tastic use of the term “transparency,” I’m pressing forward with a Devil’s Dictionary-style lexicographical project, tracking multitudinous dystopian alterations to American political speech.

The Australian Dream of owning a home is well and truly dead, according to PropTrack’s new housing affordability index. PropTrack’s new index is built from household income across the whole distribution, and calculates what share of home sales they could afford to buy: Shockingly, a median household earning just over $105,000 a year currently can

The post The end of the Australian Dream appeared first on MacroBusiness.

The US credit crunch is bigger than most realise. Covered by runaway fiscal spending so far, but not moving forward. Some charts from Torsten Slok at Apollo. Lending standards are tight: Loan growth is collapsing: Impact on the economy still to come: Impact on banks just beginning: As they say, rate hikes have a month

The post US credit crunch big appeared first on MacroBusiness.

Country Garden is in default: Distressed Chinese builder Country Garden Holdings Co. has wired a coupon payment coming due on a ringgit-denominated bond, according to people familiar with the matter, in its latest effort to avoid default. The developer, which won approval Friday to extend a separate maturing yuan bond, told creditors that it has

The post Chinese property tumbles on appeared first on MacroBusiness.

The fake left has a new idea. It has realised it is putting the majority of Australians off by privileging Voice over economic issues. Fake left doyen Katharine Murphy: Will people be angry that compulsory voting forces them to make a choice about something that feels less pressing than their own, entirely legitimate, compounding stresses?

The post Doomed duo: Albo and Voice appeared first on MacroBusiness.

Busy week at the keyboard coming up. We catch our flight to Saigon late Friday night, so I want all my deadlines done by Thursday. I might even get there.

I sent away the screenplay I’d been editing late last night. I’ve got about 8-9K words to finish the last Cruel Stars book, or at least the first draft of the manuscript.

And I want to pre-write a bunch of scenes for this weird little book idea I have that’ll do double duty as my Sideboob columns while I’m away.

September 2 marked the 78th anniversary of the World War Two surrender ceremony onboard the USS Missouri in Tokyo Bay. This moment formalized Japan’s unconditional capitulation to the United States, and its allies, and marked the end of the conflict. From the Japanese perspective, it had been ongoing since the Marco Polo bridge incident of July 7, 1937, which started the Sino-Japanese War.

When I began studying economics in high school, we were first taught the foundation concept of “supply and demand”. However, when you read the commentary and analysis surrounding the Australian housing market, you would believe there is only a supply side. Because the demand side rarely gets a mention. This narrative misses the fact that

The post Why more supply will never fix the housing market appeared first on MacroBusiness.

Hundreds of the people involved in the January 6th, 2021, attack on the capitol building in Washington have already been charged, tried, convicted and sentenced. One of the most recent, is a bloke called Zach Rehl, 37, who is the former president of the Philadelphia chapter of the Proud Boys, and who on Thursday, August 31st, was sentenced to 15 years in federal prison for his role. It is the third longest prison term imposed on one of the insurrectionists.

It’s going to be huuuge. The election campaign in the US of A, next year, will be bigger than Ben Hur. However, I am going to go out on a limb and suggest that many commentators are talking shit. The media is obviously struggling to cope with the dawning new reality. Namely, that Trump is…

The post A World Without Trump: The Great Orange Flameout of 2024 appeared first on The AIM Network.