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MacroBusiness
Monday, November 4, 2024 - 12:30
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A special roundtable hosted by the Business Council of Australia and The Australian Financial Review heard the views of various housing market players on how to boost the supply of homes. Lendlease’s Tony Lombardo commented that Australia has a structural shortage of tradies because of the inherent bias for school leavers to go to university. The post Australian housing is a pressure cooker appeared first on MacroBusiness. |
MacroBusiness
Monday, November 4, 2024 - 12:00
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Chinese consumers know what market don’t. That their economy stinks, and so does the stimulus “bazooka”: Xi is still eliminating all opposition: While the whole economy is stalled and wage growth is vanishing: As credit revulsion spreads: With real interest rates far too high to turn it around: The Chinese Titanic is still sinking. The post Chinese consumers know what markets don’t appeared first on MacroBusiness. |
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Renew Economy
Monday, November 4, 2024 - 11:37
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MacroBusiness
Monday, November 4, 2024 - 11:30
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The prospect of Donald Trump winning this week’s US election has Australia’s business lobby laying the groundwork for a cut to Australia’s company tax rate. Trump has committed to slashing the US corporate tax rate to only 15% from 21% currently, whereas Vice President Kamala Harris has vowed to increase the tax rate to 28% The post Australia would be mad to cut company taxes appeared first on MacroBusiness. |
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Your Democracy
Monday, November 4, 2024 - 11:06
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MacroBusiness
Monday, November 4, 2024 - 11:00
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Michael Hartnett at BofA has some ideas. Tale of the Tape: UK govt announces biggest fiscal loosening since 2009ex. Covid (Chart4)…UK gilt yields surge 25bps to YTD highs; bond vigilantes biding time in 2020s era of ongoing fiscal excess; price action says US risk assets need financial conditions to ease in Q4 for rally (risk The post What are the White House trades? appeared first on MacroBusiness. |
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xkcd.com
Monday, November 4, 2024 - 11:00
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MacroBusiness
Monday, November 4, 2024 - 10:30
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Politics is a wonderful thing. Why do something to save a planet when you can pay people to make a problem worse? Victorians who buy electric cooktops to replace gas models will be able to use their receipt to claim rebates of about $140 under changes to the state’s energy upgrades program that have taken The post Victoria transitions cooktops to coal appeared first on MacroBusiness. |
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Your Democracy
Monday, November 4, 2024 - 10:09
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While so many in the world hold their breath for Harris or Trump it would also be wise to keep an eye on Germany. A sharp eye! A look at history books would also be advisable. For between Alps and Baltic, Rhine and Oder, the fearsome rhythm of marching boots is once again growing in volume.
Boots and Boosts: Berlin Bulletin No. 228, November 28, 2024
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John Quiggin
Monday, November 4, 2024 - 10:04
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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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MacroBusiness
Monday, November 4, 2024 - 10:00
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The latest iteration of the bullhawk has fallen: Warren Hogan abandoned his call for an increase in the Reserve Bank cash rate because inflation fell by more than he expected last quarter, leading the economist to conclude that Australia’s benchmark rate should stay on hold for another year. …“I think February is crazy,” Mr Hogan The post RBA bullhawks face plant appeared first on MacroBusiness. |
MacroBusiness
Monday, November 4, 2024 - 09:30
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SHFE sagged Friday: Mad Dalian too: The steel output bounce is over: Rebar is stuffed: Flat steel growth is over: We are entering the seasonal strong suit: But, if we do get a lift I would be looking at it as a chance to reload shorts. The FE supply chain is full: Stimmies are a The post Iron ore stuck in the mud appeared first on MacroBusiness. |
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MacroBusiness
Monday, November 4, 2024 - 09:00
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Friday night’s US non-farm payrolls aka unemployment print was bad but good for stock markets as Wall Street rebounded while the latest election shenanigans were bad but good as well? This week will be dominated by the US elections, starting Tuesday amid another slew of earnings releases. The USD pushed back against the mid week The post Macro Morning appeared first on MacroBusiness. |
MacroBusiness
Monday, November 4, 2024 - 08:00
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Australian capital city home values have risen for 18 months after recording a 0.2% increase in October, the smallest monthly gain since home prices started rising in February 2023. Momentum is slowing as sales volumes fall, advertised stock levels lift, auction clearance rates soften, and affordability constraints bite. The slowdown in momentum is being driven The post Flood of listings ends house price boom appeared first on MacroBusiness. |
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Your Democracy
Monday, November 4, 2024 - 07:49
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Just 15 years ago, Chinese consumers were flocking to Western brands. Now they prefer Chinese ones. The fate of the Starbucks Group is telling: Sales and profits in its current 7,300 stores in China are declining. The Chinese are not drinking less coffee, but prefer Chinese brands, partly because they offer more for less money. |
MacroBusiness
Monday, November 4, 2024 - 07:00
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The Australian Bureau of Statistics (ABS) published its final monthly housing finance release on Friday, which will move to a quarterly series, with the next one due in February 2025. In September, the total value of housing lending fell by 0.3%, the first monthly fall since March 2024. The value of owner-occupier loans rose by The post Average Aussie mortgage sizes smash records appeared first on MacroBusiness. |
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Your Democracy
Monday, November 4, 2024 - 06:44
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Yeltsin grinned while Clinton cried. The Russian president had just blurted out his unfiltered reaction to American news reporting. It was October, 1995. Clinton and Yeltsin had just spoken at the United Nations 50th anniversary meeting. The next day the two presidents got together at Hyde Park, New York for a bilateral meeting followed by a press conference.
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The Australian Independent Media Network
Monday, November 4, 2024 - 06:03
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Browsing through the new releases at a local bookshop I found a new book by Robert Fisk. I was most surprised since he died in 2020, so I leafed through it and yes, it is definitely a Robert Fisk book; Night of Power: The betrayal of the Middle East. It covers the Middle East and… The post How many holocausts? appeared first on The AIM Network. |
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Your Democracy
Monday, November 4, 2024 - 05:23
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British King ‘making millions’ from secret property empire – The TimesThe royal family earned nearly $65 million last year alone, including rent received from the army, NHS and schools, a media investigation has found |
Your Democracy
Monday, November 4, 2024 - 04:55
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Das Europaparlament attackiert eine UN-Resolution, die Chinas UN-Mitgliedschaft regelt. Ziel ist die Aufnahme Taiwans in UN-Organisationen. Damit attackiert das Europaparlament zugleich eine rote Linie Beijings. masterminds against China
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MacroBusiness
Monday, November 4, 2024 - 00:10
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The Australian economy is stuck in the longest per capita recession on record following six straight quarterly declines. The household sector, which has seen a sharp decline in per capita consumption, has driven the decline in per capita GDP. On Friday, the Australian Bureau of Statistics (ABS) released its monthly household spending indicator (MHSI), which The post Australian households are trapped in recession appeared first on MacroBusiness. |
The Australian Independent Media Network
Sunday, November 3, 2024 - 21:48
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By James Moore My mother almost died from an abortion. There were already six children in our little 830 square foot house, and a seventh one was not acceptable to my father. Joyce, who I called Ma for all her days, had earlier decided to take control of her life away from, James, my violent… The post How I Voted appeared first on The AIM Network. |
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Renew Economy
Sunday, November 3, 2024 - 21:37
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The Australian Independent Media Network
Sunday, November 3, 2024 - 19:20
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By Denis Hay Description Discover the kindness revolution: How Indigenous wisdom on kindness and connection can guide Australia toward a fairer, more compassionate society. Note: This article has been inspired by comments made and discussions with one of my Facebook members, Stephen Tardrew. Introduction: A New Path Beyond Blame Australia is at a crossroads. The… The post Kindness Revolution: Indigenous Wisdom for Social Justice appeared first on The AIM Network. |
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Your Democracy
Sunday, November 3, 2024 - 18:43
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If you want to read an excellent example of schizophrenia, take time and read the NY Times piece published on Friday — As Russia Advances, U.S. Fears Ukraine Has Entered a Grim Phase. It is a mixture of truth and lies. The following passage is emblematic: |
Renew Economy
Sunday, November 3, 2024 - 18:22
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Renew Economy
Sunday, November 3, 2024 - 18:03
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Club Troppo
Sunday, November 3, 2024 - 17:57
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The Australian Independent Media Network
Sunday, November 3, 2024 - 11:22
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The timing, as with so much in the ongoing wars in Gaza and Lebanon, was most appropriate. The Israeli Knesset had signalled its intent on crippling and banishing the sole agency of humanitarian worth for Palestinian welfare by passing laws criminalising its operations by 92 to 10 on October 28. The attack on UNRWA… The post South Africa’s Memorial to the ICJ: More Evidence on Israel’s Genocide appeared first on The AIM Network. |
Your Democracy
Sunday, November 3, 2024 - 10:42
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IT IS NOT AN UNDERSTATEMENT TO SAY THAT KAMALA AND DONALD HAVE NO IDEA ABOUT THE WORLD WE LIVE IN AND ITS FUTURE... SO HERE IS A LIST OF ISSUES — SIMPLIFIED FOR THESE AMERICAN POLITICAL CIRCUS CLOWNS:
INTERNATIONAL ISSUES: UKRAINE — SEND MORE WEAPONS AND START WW3? ISRAEL — SEND MORE WEAPONS AND KILL MORE WOMEN AND CHILDREN? BRICS — NEVER HEARD OF IT?.... GLOBAL WARMING? WHERE? |
