Blogotariat

There’s been a recent fuss in various media arising from a tweet from economist Ben Golub regarding astonishment that economists haven’t “worked through” Smith and Marx. English professor Alex Moskowitz chimed in with a claim that economics can’t be a real discipline because economists don’t know the history of their own discipline.

The United States has begun the forward deployment of a new generation of its B61 nuclear gravity bomb at bases in Europe, a senior administrator has announced. What signal does the deployment send to Moscow? What impact will it have on strategic security in Europe? Sputnik turned to a senior former Pentagon insider for answers.

Moscow and Tehran have taken their cooperation to the level of strategic partnership with a “truly epochal” pact, Farhad Ibrahimov, a Middle East expert at the Moscow-based Valdai Discussion Club, told RT on Friday.

Aussie inflation is beaten. The RBA should and likely will cut rates in February. Timely monthly core measures are in free fall. Headline is even better. Business surveys are smashed. Inflation expectations are perfectly anchored. Wage growth is sagging dangerously into Albo’s Indian inundation. This has dragged the carpet from under rents and wider services

‘I’m tired of these blatant misrepresentations’: Judge blows up at CNN’s lead attorney during defamation case and says he owes Navy veteran ‘an apology’ for calling him a liar...

German election will be test for Sahra Wagenknecht and BSWMarcel FürstenauThe former parliamentary leader of the Left party is seeking to enter the Bundestag with her BSW. But the party will need to make inroads in the western states where she has always performed weakest.

  Otway Coast near Lorne   The rest American shoppers wrap up the year in a spending mood, boding well for the U.S. economy – AP Global growth forecast to flatline as tariffs add to strains – BBC Immigrant US farmworkers prepare for Trump mass deportation plan – Reuters China to start probing US exports

The post Weekend Wrap: 18 – 19 January 2025 appeared first on MacroBusiness.

Allied Green Ammonia celebrate signing the “monumental deal” with Plug Power that will form the core of its huge green hydrogen-to-ammonia plant in the NT.

Investigations are underway following a turbine blade break at a huge new wind farm, with teams working to determine the cause of the incident and to how to detatch the affected blade.

Claims electric cooktops are vastly more expensive and more emissions intensive than cooking with gas are being called out as “potentially misleading,” as the fossil fight against home electrification ramps up.

The bubble of a lifetime in CBA shows no signs of bursting at 26x growthless earnings. Hilariously, on two-year forward earnings, CBA is the Magnificent 8th! And Aussie banks are plain stupid in context. I still maintain that this bubble is going to burst when rate cuts begin. The mass immigration economy does not do

The post Magnificent 8th, CBA, enters ludicrous bubble phase appeared first on MacroBusiness.

Steel prices are continuing to show some life. Not so iron ore. CISA steel mill output for the first 10 days of January was strong. However, that is unlikely to last beyond the seasonal rebuild. RIO confirmed strong guidance (though its recent record has been shit). More to the point, RIO confirmed the Pilbara killer

The post Pilbara killer on schedule appeared first on MacroBusiness.

ANZ has an interesting chart today. Without putting too fine a point on it, there is a correlation between population growth and job creation. This is pretty uncontroversial and part of the well-understood demographic dividend. When the inflows are accompanied by an exogenous boom, such as between 2003 and 2012, this makes perfect sense. The

The post More migrants equal more jobs but less money appeared first on MacroBusiness.