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Renew Economy Tuesday, November 19, 2024 - 11:13 Source
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John Quiggin Tuesday, November 19, 2024 - 11:10 Source

What can Americans do? What should Australia do?

A few weeks ago, I drew up a flowchart to estimate the probability that Trump would establish a dictatorship in the US, which looked, at the time, like an even money bet.

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MacroBusiness Tuesday, November 19, 2024 - 11:00 Source

Earlier this month, The ABC’s Keane Bourke acknowledged that “Australia doesn’t have enough houses” and suggested that Australians let out their spare bedrooms to ease the rental crisis. Bourke claimed that Australia would have the capacity “for about five million extra people” if these spare bedrooms were rented out. Over the weekend, The ABC suggested that

The post Housing crisis pundits ignore number one solution appeared first on MacroBusiness.

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Your Democracy Tuesday, November 19, 2024 - 10:41 Source

https://www.youtube.com/watch?v=5JzamJCJyyA

Morning Joe SURRENDERS to Trump as The View LOSES IT

 

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MacroBusiness Tuesday, November 19, 2024 - 10:30 Source

The Victorian government is drowning in debt, with the nation’s largest debt load and the worst credit rating. The world’s two largest credit rating agencies—S&P and Moody’s—warned that Victoria faces further credit rating downgrades if it does not bring its debt under control. The task has been made much more complicated with Victorian Premier Jacinta

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Renew Economy Tuesday, November 19, 2024 - 10:05 Source
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MacroBusiness Tuesday, November 19, 2024 - 10:00 Source

Any objective analysis of Australia’s international education sector would conclude that enrolment numbers are too high. Before the pandemic, Australia had easily the highest concentration of international students globally, as illustrated below. As of August 2024, Australia had just under 970,000 international students enrolled, up nearly 130,000 on 2019 enrolment levels. Graduate visa numbers have

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Cheeseburger Gothic Tuesday, November 19, 2024 - 09:57 Source

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MacroBusiness Tuesday, November 19, 2024 - 09:30 Source

SHFE continues to fade while SGX futures hang on. Goldman is bearish iron ore, bullish copper. Our structural preference for base over ferrous is our 3S view that China is no longer the tide lifting all boats. Specifically, the demand effects from China’s 1) structural GDP slowdown on demographic and property weakness (property developers’ starts

The post Iron ore bear market appeared first on MacroBusiness.

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Your Democracy Tuesday, November 19, 2024 - 08:56 Source

https://www.youtube.com/watch?v=wxlErgJjxyg

Former White House Communications Director Anthony Scaramucci joins CNN’s Jake Tapper and reacts to President-elect Donald Trump’s cabinet picks.

Anthony Scaramucci is an American financier who briefly served as the White House Director of Communications from July 21 to July 31, 2017. Port Washington, New York, U.S.

 

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Your Democracy Tuesday, November 19, 2024 - 08:30 Source

Increasingly, however, the tenor of News Corp attacks has shifted from challenging not merely the existence of a publicly funded news source, but attacking its perceived ideology. While the trope of a left-wing ABC has been standard for decades among conservatives, increasingly the ABC has been targeted by the Murdochs as part of the culture wars that the company has found so rewarding in propagating.

 

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The Australian Independent Media Network Tuesday, November 19, 2024 - 07:57 Source

By Jane Salmon The imminent bill must not be passed. Imagine being so desperate that you flee the danger of war in an ever-worsening series of vehicles or vessels. Imagine then being trapped on the streets of a hostile foreign country. Imagine risking drowning when you don’t even swim. Imagine then being trafficked to and…

The post Why Oppose The Latest Deportation and Surveillance Bill Proposal appeared first on The AIM Network.

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Your Democracy Tuesday, November 19, 2024 - 06:46 Source

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MacroBusiness Tuesday, November 19, 2024 - 06:36 Source

DXY finally took a breather. Releasing the tourniquet choking off the Crap Complex. AUD up. North Asia not so much. Gold, oil, dirt, miners, EM and junk up. As Treasuries caught a bid. Stocks firmed. Nothing much to explain it. Just exhaustion. Credit Agricole has more. The post-US election USD moves across the board remain

The post Australian dollar rides golden rocket appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, November 19, 2024 - 04:19 Source

By Jane Salmon Refugee Events In Canberra 19-20 November 2024 Tuesday, 19/11/24, 7.30am Signs held in silence Melbourne Avenue – State Circle intersection Tuesday, 19/11/24, 9.30am Soph Singh Zoe Daniel MP Senator David Shoebridge Neil Para Tuesday, 19/11/24, 10.45am Children Meeting Mehreen Faruqi inside APH Additional meetings at times to be advised Tuesday, 19/11/24, 11am…

The post Refugee Events In Canberra 19-20 November 2024 appeared first on The AIM Network.

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MacroBusiness Tuesday, November 19, 2024 - 00:10 Source

The Housing Industry Association (HIA) has mocked the Albanese government’s goal to construct 240,000 homes annually over five years. The HIA’s latest National Outlook forecasts that only 975,970 new homes will be built in the next five years. On an annual basis, the HIA projects that only 165,510 new homes will be started this year

The post Housing industry demolishes Labor’s construction targets appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 19, 2024 - 00:05 Source

Dear President Trump, On behalf of the Australian people, I would like to apologise for the presence of Kevin Rudd in Washington. In recent polling, the Australian people recognise that Dr Rudd’s political party is unlikely to engage you well. Moreover, there is very strong support for the US alliance among Australians, especially versus alternative

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Your Democracy Monday, November 18, 2024 - 18:23 Source

https://www.youtube.com/watch?v=eyo0SC6XKj8

Trump Picks RFK Jr. To Run Nation's Health | Gaetz Nom Is A "F*** You" To America | Gabbard Is Awful...

 

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Renew Economy Monday, November 18, 2024 - 17:49 Source
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Renew Economy Monday, November 18, 2024 - 17:33 Source
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Your Democracy Monday, November 18, 2024 - 16:51 Source

US President-elect Donald Trump’s eldest son, Donald Trump Jr., lashed out at the Democrats following reports that ongoing President Joe Biden had allowed Ukraine to use American-made long-range missiles to strike internationally recognized Russian territory.

Trump Jr., who campaigned alongside his father during the 2024 presidential election and has been helping him pick members of his future cabinet, did not mince words on social media.

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MacroBusiness Monday, November 18, 2024 - 16:14 Source

Portsea Beach inside Port Phillip AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225  

The post Macro Afternoon: 18 November 2024 appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, November 18, 2024 - 15:45 Source

The appointment of RFK jnr to the health portfolio in the Trump administration is sending ripples of joy through the conspiracy theory driven anti-vax crowd. The joy that autism will finally be eliminated because, as every one knows, vaccinations have led to the explosive rise of autism among children. There is nothing quite as powerful…

The post Anti-vax jubilation! appeared first on The AIM Network.

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Renew Economy Monday, November 18, 2024 - 14:48 Source
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Your Democracy Monday, November 18, 2024 - 14:34 Source

The origins of the Great Jacquerie are not well known. It seems to have occurred following clashes between armed groups and peasants, in the gloomy context following the Great Plague of 1348. The Hundred Years' War resumed in earnest in 1358. King John was a prisoner of the English, and troops were pillaging villages.

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Renew Economy Monday, November 18, 2024 - 14:25 Source
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MacroBusiness Monday, November 18, 2024 - 14:00 Source

The East Coast gas cartel is busy unleashing a new price shock as nobody watches. We are in off-peak season and these prices are far above where they should be, let alone rising instead of falling. As a result, NEM prices are 10% above last year and the price falls have called out on spot

The post Cartel unleashes new gas and power shock appeared first on MacroBusiness.

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Renew Economy Monday, November 18, 2024 - 13:58 Source
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MacroBusiness Monday, November 18, 2024 - 13:30 Source

English Australia CEO Ian Aird claims that the federal government’s proposal to cap international student numbers will have an economic impact on more than just the education sector. Aird warns that it will also hit the small and medium-sized businesses that international students shop at daily. Analysis by The Demographer’s Workshop suggests that international students

The post International education is voodoo economics appeared first on MacroBusiness.

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MacroBusiness Monday, November 18, 2024 - 13:00 Source

Goldman with the bad news. Goldman now sees gross domestic product rising 1.8% next year, compared with 2% seen previously, reflecting the anticipated impact on exports from Australia’s biggest trading partner, according to its Australia and New Zealand 2025 Outlook, released Monday. President-elect Donald Trump has threatened to implement 60% tariffs on exports from China as he

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