Blogotariat

The Q4 2024 national accounts from the Australian Bureau of Statistics (ABS) showed that Australian households remained trapped in recession. As illustrated by the blue bars below, real per capita household consumption declined for an eighth consecutive quarter in Q4. The decline in per capita household consumption followed an even steeper decline in incomes. As

The post A long recession for Australian households appeared first on MacroBusiness.

Israel's Netanyahu drops spy chief nominee under fire from Trump allyIsraeli Prime Minister Benjamin Netanyahu has back-peddled on his decision to appoint former navy commander Vice Admiral Eli Sharvit to the top post of the country’s Shin Bet security agency, following criticism from a key US senator. It was revealed that the former naval chief had penned an opinion piece criticising US President Donald Trump's policies on climate change.

Volatility was relatively low on risk markets overnight as traders await the real April Fool’s Day as the Trump Regime’s “Worldwide Shoot Ourselves in the Feet” tariff deadline draws near. Wall Street filled some short positions and rebounded alongside European stocks but it was relatively modest while the USD held against Euro, Yen and Pound

The post Macro Morning appeared first on MacroBusiness.

THE WESTERN WORLD (OLD EUROPE AND AMERICA) IS IN A FLUX WHILE TRYING TO PRESERVE ITS PERCEIVED HEGEMONY OVER THE REST OF THE WORLD. THE END OF EMPIRES IS NEVER PRETTY. NEW DECEPTIONS WITH SLOGANS SUCH AS "MAKE AMERICA GREAT AGAIN" AND THE VISCERAL EUROPEAN HATRED OF RUSSIA — AKIN TO ANTI-SEMITISM GOING BACK TO THE DAYS OF MARTIN LUTHER — ARE USED TO MASK THE GREATER DESIRE TO OWN AND CONTROL THE HUMAN PLANET...

I've had my noise-cancelling headphones on all day because there’s major demolition happening—both across the street and on the property behind us. It’s been a huge and constant racket.

But what really had me worried wasn’t the noise. It was Willow, one of our cats. She’s usually banging her head against my office door by lunchtime, demanding to be let in so she can sleep wherever the hell she wants—usually right on top of my keyboard. But today? Nothing.

RomeCNN — At least 17 Tesla cars were destroyed after a fire broke out a

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Peter Dutton’s entire extra supply from his National Gas Plan will disappear up a smokestack if wind and solar is prevented from replacing ageing coal power.

As was widely expected, the Reserve Bank of Australia (RBA) chose to keep the official cash rate on hold at 4.10% at Tuesday’s monetary policy meeting. However, the decision could be considered a dovish hold and suggests that the RBA has laid the groundwork for a rate cut at the next meeting in mid-May, pending

The post RBA lays groundwork for May interest rate cut appeared first on MacroBusiness.

Electric vehicles have been heavily subsidised in Australia. A recent analysis by the Institute of Public Accountants estimated that the federal budget has lost approximately $564 million annually in tax revenue due to the Fringe Benefits Tax (FBT) exemption for battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). More than 100,000 novated leases for

The Council of Small Business Organisations Australia (COSBOA) launched a campaign on Monday, calling on Labor and the Coalition to lower the company tax rate from 25% to 20% for the 2.6 million businesses with an annual turnover of less than $20 million. Research undertaken by Insightfully for COSBOA found that 69% of voters support

The post Why the obsession with small business tax cuts? appeared first on MacroBusiness.

Not that he didn’t hit it earlier, but he is still giving it a pounding.  Albert Edwards of Société Générale.  The equity market is at a critical level. So too is the wealthier US consumer! Before we kick off, I wanted to highlight what was, from my perspective, the most surprising quote of the week.

The post Albert Edwards hits the panic button appeared first on MacroBusiness.

This article deals with Federal Coalition Opposition Leader Peter Dutton’s election promise to force gas producers to reduce the price of gas for Australian consumers to $10 per gigajoule.However, according to a debate on last night Q &A between Labor Climate Change Minister Ed Husic and his Coalition counterpart Ted Evans, Husic stated that the cost price of most Australian gas was around $7 per gigajoule with another $4 paid by the producers for transporting it to market. Evans did not contest those figures.