Blogotariat

Oz Blog News Commentary
MacroBusiness Monday, February 19, 2024 - 12:30 Source

Australians are very poorly served by Canberra, which should be razed with everybody still in it. But spare a thought for the Americans who are served by their own brand of capital city scum. On the one hand, is criminality: Donald Trump and his real estate company suffered a major defeat in New York’s civil

The post Between a crook and a codger appeared first on MacroBusiness.

Read more Views: 19
MacroBusiness Monday, February 19, 2024 - 12:00 Source

Bloomberg used to be good. Now it’s a hysteria machine: Investors and firms are flagging that the war in the Middle East poses a major risk for earnings as boycotts dampen sales and Red Sea shipping chaos threatens their supply chains. Those headwinds pose a danger to the record rally in US stocks, according to

The post Geopolitics is not a risk to markets appeared first on MacroBusiness.

Read more Views: 9
MacroBusiness Monday, February 19, 2024 - 11:30 Source

The AFR’s Jonathan Kearns argues that Australia’s interest rates are not as restrictive as those of other nations and are not high enough to tame inflation. Accordingly, Australia is unlikely to experience the ” immaculate disinflation” that will be experienced elsewhere and will have to keep rates higher for longer. “The basic metric for monetary

Read more Views: 16
MacroBusiness Monday, February 19, 2024 - 11:00 Source

The AFR’s Julie Hare reported over the weekend that “foreign students are leaving Australia in droves after visa crackdown”: “Net migration for international students was down 55% in the latter part of 2023 as departures far outpaced arrivals in the last two months of the year”, Hare wrote. “Australian Bureau of Statistics data shows that

The post Axe falls on fake international students appeared first on MacroBusiness.

Read more Views: 15
xkcd.com Monday, February 19, 2024 - 11:00 Source

Also, we would really appreciate it if you could prominently refer to it as an 'eHit'.

Read more Views: 3
MacroBusiness Monday, February 19, 2024 - 10:30 Source

CBA economist Harry Ottley has published a chart pack that illustrates the dire consequences of record net overseas migration on Australia’s rental market. Residential building approvals have collapsed across the major jurisdictions: House commencements have also collapsed: Apartment commencements have likewise collapsed: The next chart summarises the situation at the national level, with approvals, commencements,

Read more Views: 20
MacroBusiness Monday, February 19, 2024 - 10:00 Source

Ah, the good old days. When political operatives were intellects and patriots first. Party hacks second. I give you Bill Kelty at The Saturday Paper destroying Treasury unreformer Jim “Chicken” Chamlers. Many people have paid a high price for some very bad policy decisions: when governments stopped building homes for the poor in the numbers

The post Bill Kelty horrified by coward Jim Chalmers appeared first on MacroBusiness.

Read more Views: 17
Renew Economy Monday, February 19, 2024 - 10:00 Source
Read more Views: 22
MacroBusiness Monday, February 19, 2024 - 09:30 Source

All we need is a proper gas reservation regime on the East Coast to supply our own super cheap gas to ourselves ahead of giving it all away to China, and this goes away: The energy industry has hit back at a proposed system allowing state governments to seek temporary extensions for [coal] power station

The post Fix gas, fix everything appeared first on MacroBusiness.

Read more Views: 18
Renew Economy Monday, February 19, 2024 - 09:26 Source
Read more Views: 18
MacroBusiness Monday, February 19, 2024 - 09:00 Source

Friday night saw the follow up release of the US PPI inflation print that also came in hotter than inspected but didn’t garner the same reaction earlier in the week with the USD relatively steady and bond markets also calm. Wall Street fell back a little but remains near a record high with European stocks

The post Macro Morning appeared first on MacroBusiness.

Read more Views: 16
Your Democracy Monday, February 19, 2024 - 08:42 Source

Back in the 1960s and 70s, the media was referred to as ‘The Fourth Estate’. The media played a role as a check and balance against government abuse of power, corruption, and overreach. The media was an integral part of any healthy democracy.

 

read more

Read more Views: 14
MacroBusiness Monday, February 19, 2024 - 08:30 Source

The Market Ear on the big stretch. Finally, stretched The GS sentiment indicator that measures positioning across various investors finally crawled back to “stretched” which should indicate lower returns going forward. Not a sell-signal per se, but “in the zone”. Goldman Et tu Bull-Bear? Can we get a nice “betrayal of the bulls” sell signal

The post Bubble quivers as US inflation reheats appeared first on MacroBusiness.

Read more Views: 18
The Tally Room Monday, February 19, 2024 - 07:00 Source

Ben was joined by this week by Marcus Mietzner from the Coral Bell School of Asia Pacific Affairs at the ANU, and the author of The Coalitions Presidents Make, to discuss Prabowo Subianto’s clear victory in the first round of the Indonesian presidential election.

Read more Views: 28
John Quiggin Monday, February 19, 2024 - 05:31 Source

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.

Read more Views: 49
Your Democracy Monday, February 19, 2024 - 05:06 Source

Ursula von der Leyen will formally announce her candidacy for a second term as president of the European Commission on Monday, German tabloid Bild has reported. Von der Leyen has already hinted that she seeks a second term, promising on Saturday to appoint a dedicated “defense commissioner” if she holds on to her office.

Read more Views: 25
Your Democracy Monday, February 19, 2024 - 04:35 Source

US President Joe Biden’s efforts to punish Moscow over the Ukraine crisis have failed, and his rhetoric and weak leadership have only encouraged more aggression by Russian leader Vladimir Putin, ex-White House aide John Bolton has claimed.

Read more Views: 34
Your Democracy Monday, February 19, 2024 - 04:31 Source

Tesla and SpaceX CEO Elon Musk has seemingly agreed with American investor David Sacks, who believes that the Ukraine conflict will end in a heavy defeat for Kiev, but that the West will try to spin the narrative in a way to sweep the truth under the rug.

On Sunday, Sacks published a post on X (formerly Twitter) entitled “A war of lies,” arguing that the Ukraine conflict is based on falsehoods and deceit about “how it started, how it’s going, and how it will end.”

Read more Views: 43
MacroBusiness Monday, February 19, 2024 - 00:10 Source

If you want a textbook example of why the Australian Greens cannot be trusted, check out the below lies from housing spokesperson Max Chandler-Mather on Sunday’s ABC Insiders program. Chandler-Mather point blank lied that record immigration has had minimal impact on the nation’s housing market. He has also called for an even larger intake, claiming

Read more Views: 37
MacroBusiness Monday, February 19, 2024 - 00:05 Source

Attention anybody. Australian gas is now comfortably the most expensive anywhere on planet earth: US $2.50Gj Europe $8.70Gj net back. Asia $10.60Gj net back. Australian gas is $11.73Gj. It comes out of the ground for next-to-nothing up the road: Canberra has a spaghetti bowl of existing and possible regulations to fix this in an instant:

The post Attention anybody: Aussie gas MOST EXPENSIVE IN WORLD appeared first on MacroBusiness.

Read more Views: 28
Your Democracy Sunday, February 18, 2024 - 18:04 Source

Ukrainian President Vladimir Zelensky has offered to give Donald Trump a tour of Kiev’s battlefront with Russian forces, saying America’s leading opposition presidential candidate should see the conflict with his own eyes before making policy decisions.

Read more Views: 35
MacroBusiness Sunday, February 18, 2024 - 11:16 Source

CoreLogic has released its preliminary auction results for the weekend, with the preliminary clearance rate soaring across Sydney to its highest level since mid-October 2021 despite the strongest volumes this year: Sydney held 688 auctions this weekend, resulting in a preliminary clearance rate of 81.7%. Melbourne held 961 auctions, with 72.2% selling at auction thus

Read more Views: 54
Your Democracy Sunday, February 18, 2024 - 11:00 Source


"In order to preserve life and encirclement, I have withdrawn our units from Avdiivka." 

read more

Read more Views: 48
Your Democracy Sunday, February 18, 2024 - 10:19 Source

Media reports recently offered a rare glimpse into the shoulder rubbing and deal making that takes place at gatherings of Europe’s most secretive organization – the Institut International d’Etudes Bancaires. However, sensitive issues related to global policymaking are hardly the prerogative of this gilded banking society.

 

read more

Read more Views: 44
Your Democracy Sunday, February 18, 2024 - 07:48 Source

France and Ukraine signed a bilateral security pact on Friday during President Vladimir Zelensky’s visit to Paris. While President Emmanuel Macron did not offer Kiev any ironclad military commitments, he promised another €3 billion in aid over the rest of 2024, as well as “cooperation” in the area of artillery.

Read more Views: 49
Your Democracy Sunday, February 18, 2024 - 05:10 Source

American politics are often seen through the lens of lame comedy… Some news channels try to explain some serious angles but most of them are biased along party lines — and battle for or against the gutter trickeries of the government in place… This creates a containment of the idea of democracy that pleases the establishment channels — the CIA, the FBI and the NSA… and the elites who foment and control the trickeries of rules.

Read more Views: 49
New Politics Saturday, February 17, 2024 - 17:47 Source

Read more Views: 66
Your Democracy Saturday, February 17, 2024 - 17:03 Source

People in the West are Gaza-war weary. You see it in fewer reports, articles and commentary. It is an understandable by-product of the complicity-cum-impotence of Western civilisation in the face of Israeli barbarism.

 

The moral world falls at the end game in Rafah    By Peter O’Keeffe

 

Read more Views: 44
Your Democracy Saturday, February 17, 2024 - 16:27 Source

https://www.youtube.com/watch?v=0fkS4k8bKe4

16 Feb: Ukrainian Forces BREAK THROUGH THE ENCIRCLEMENT. | War in Ukraine Explained

 

The Ukrainian government desperately needs billions more in aid from the US, a senior Pentagon official has admitted, citing the critical situation in Avdeevka, a frontline town in Donbass.

Read more Views: 41
Your Democracy Saturday, February 17, 2024 - 11:46 Source

Biden aide responds to Putin endorsement

White House representative John Kirby did not appreciate the Russian president’s preference for the incumbent in the forthcoming US elections. 

 

Read more Views: 40

Pages