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Renew Economy
Wednesday, July 24, 2024 - 12:31
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MacroBusiness
Wednesday, July 24, 2024 - 12:30
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The Mad King of the East Coast Gas Cartel is up to her old tricks today: The Albanese government has given the green light to a new round of offshore gas exploration, consistent with its policy position that gas will be needed for several more decades to firm renewables during the energy transition, and enable The post Mad King ravages the oceans appeared first on MacroBusiness. |
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MacroBusiness
Wednesday, July 24, 2024 - 12:00
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The Reserve Bank of Inflation Island is not happy: Rapidly rising building costs are keeping inflation in Australia higher than overseas, Reserve Bank of Australia governor Michele Bullock has warned, as the economy enters a “difficult” stage where demand remains too hot. “We’re not seeing the same progress [on inflation] as overseas,” she told an The post Welcome to Inflation Island appeared first on MacroBusiness. |
MacroBusiness
Wednesday, July 24, 2024 - 11:30
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Federal Housing Minister Julie Collins continues to lie about the housing crisis and blame the former Coalition government. According to Collins, Australia “doesn’t have enough homes and hasn’t for a long time”. “For a long time, we haven’t been building the homes that Australia needs and the former government wasted a decade in office while these The post Meet Australian housing’s liar-in-chief appeared first on MacroBusiness. |
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Renew Economy
Wednesday, July 24, 2024 - 11:28
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Renew Economy
Wednesday, July 24, 2024 - 11:03
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MacroBusiness
Wednesday, July 24, 2024 - 11:00
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The latest employment report from Seek showed that the number of applicants per job ad surged by 3.0% in May (latest available) to be up 61.6% over the year: The surge in applicants per job ad follows a sharp softening in the number of job ads combined with strong labour supply courtesy of historically high The post Major bank warns of employment shock appeared first on MacroBusiness. |
The Australian Independent Media Network
Wednesday, July 24, 2024 - 10:55
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By Denis Hay From Neoliberalism to Social Democracy: A Path to a Fairer Australia Description Learn how Australia can transition from neoliberalism to social democracy for a more compassionate political system. Introduction Australia has long been influenced by neoliberal policies that prioritize market freedom and corporate interests. These policies have led to increased economic inequality,… The post Social Democracy: Transitioning from Neoliberalism appeared first on The AIM Network. |
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MacroBusiness
Wednesday, July 24, 2024 - 10:54
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DXY was flat night: AUD was flogged again: North Asia is bifurcating with JPY up and CNY down: Oil down: Commodities down: Miners at the cliff’s edge: EM is fine: Junk is fine: The curve bull steepened: Stocks faded: The tactical future of the AUD lies in the US with the election and Fed cuts. The post Australian dollar sell the rallies appeared first on MacroBusiness. |
MacroBusiness
Wednesday, July 24, 2024 - 10:30
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The Market Ear peers inside the correction. Anatomy of a semis pullback This chart shows Semis drawdowns relative to the S&P500. Outside of big fundamental / risk-off episodes (Fall’22), most ‘pulbacks’ are in the ~10% range +/-relative to the S&P (2021, 2H’23, 1H’24)….BUY BUY BUY….? GS Just another violent pullback On Semis, JPM TMT specialist The post Stocks hit the wall of worry appeared first on MacroBusiness. |
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MacroBusiness
Wednesday, July 24, 2024 - 10:00
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Chinese property sales are going nowhere: All cities down: Marginal progress on inventory: Completions down but not out: It’s all coming from the top: Chinese economists say they can’t tell whether their proposals are being heeded, with officials mostly nodding and taking notes in meetings, the people added. Comments from prominent analysts are deemed noise The post Chinese property sinks faster appeared first on MacroBusiness. |
xkcd.com
Wednesday, July 24, 2024 - 10:00
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MacroBusiness
Wednesday, July 24, 2024 - 09:30
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It had to happen and it is. SGX iron ore futures cracked yesterday: Mad Dalian broke support: Coking coal is in the bottomless pit: It ain’t complex: Iron ore crumbled below $100 a ton as a policy meeting in China failed to deliver major stimulus, while supplies stayed strong. We still have the Poliburo meeting over The post Iron ore trapdoor opens appeared first on MacroBusiness. |
MacroBusiness
Wednesday, July 24, 2024 - 09:06
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The Judo Bank flash PMI is pulling back but hardly swiftly. Flash Australia Composite PMI Output Index: 50.2 (June: 50.7), 6-month low Flash Australia Services PMI Business Activity Index: 50.8 (June: 51.2), 6-month low Flash Australia Manufacturing PMI Output Index: 46.3 (June: 46.8), 4-month low Flash Australia Manufacturing PMI: 47.4 (June: 47.2), 2-month high Business The post Aussie flash PMI stagflates appeared first on MacroBusiness. |
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MacroBusiness
Wednesday, July 24, 2024 - 09:00
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Tech stock earnings dominated the risk flow overnight, leaving Wall Street with a flat finish while a surging German DAX was the only thing keeping European shares afloat as Euro and other major currency pairs fell back further under the weight of a stronger USD. All but Yen of course which continues to appreciate while The post Macro Morning appeared first on MacroBusiness. |
New report reveals technical and market implications for small modular nuclear reactors in AustraliaAustralian Academy of Technological Sciences & Engineering Media Release A new report released today from the Australian Academy of Technological Sciences and Engineering (ATSE) has found the nascent state of small modular nuclear reactors (SMR) globally means that a mature market for the technology may emerge in the late 2040s. The technology is yet to… |
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Your Democracy
Wednesday, July 24, 2024 - 07:32
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The Western nations should “wake up”to the threat of a potential major conflict they are facing, Valery Zaluzhny, Ukraine’s former military commander-in-chief, told a British military conference on Monday. The governments should make sure their nations are ready to “mobilize” and sacrifice their liberties in the name of what he called “survival” if such a conflict does break out, said Zaluzhny, who in May became Kiev’s ambassador to London.
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MacroBusiness
Wednesday, July 24, 2024 - 07:00
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AustralianSuper and HESTA have joined forces to back the Assemble platform to develop 17,000 “affordable” apartments over the next 10 years at a proposed cost of $15 billion. AustralianSuper estimates that Australia’s national housing shortage is around 230,000 homes a year, and CEO Paul Schroder has called for more land release and loosening of regulations The post More density won’t make housing affordable appeared first on MacroBusiness. |
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Your Democracy
Wednesday, July 24, 2024 - 06:53
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In any alternative media space, you are sure to find much talk about US dollar dominance, as well as optimistic forecasts of its imminent decline. This is also true in the radical right, where nationalists pine after an end to US imperial hegemony and the rise of a more multipolar world. |
Your Democracy
Wednesday, July 24, 2024 - 06:35
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Has Andrew Forrest's green hydrogen dream evaporated? Even for the most begrudging, it's difficult, at least on some level, not to admire Andrew Forrest. The indefatigable defiance, boundless energy and enthusiasm, combined with an unwillingness to concede defeat, have helped him build a business empire almost from scratch. |
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Cheeseburger Gothic
Wednesday, July 24, 2024 - 06:21
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From The Guardian: |
MacroBusiness
Wednesday, July 24, 2024 - 00:10
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Last week, I provided evidence that the famed $48 billion of international education exports were a statistical con. The Australian Bureau of Statistics (ABS) calculates this fantastical export figure by combining “an average spend estimate from Tourism Research Australia … supplemented by the addition of the total expenditure on course fees”. The ABS incorrectly classifies |
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Renew Economy
Wednesday, July 24, 2024 - 00:02
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Renew Economy
Wednesday, July 24, 2024 - 00:02
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Renew Economy
Wednesday, July 24, 2024 - 00:01
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The Australian Independent Media Network
Tuesday, July 23, 2024 - 23:11
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Having been endorsed as the only viable candidate to battle Donald Trump in the 2024 presidential elections, Joe Biden was subsequently browbeaten and harried into leaving the way open for another candidate. It involved some movement of political furniture, but nothing more. The process resulting in Biden’s decision had increasingly bulked over the last… The post Puppet Realisations: Biden Stands Aside appeared first on The AIM Network. |
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THE BLOT REPORT
Tuesday, July 23, 2024 - 21:45
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Renew Economy
Tuesday, July 23, 2024 - 17:39
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Renew Economy
Tuesday, July 23, 2024 - 17:39
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MacroBusiness
Tuesday, July 23, 2024 - 17:00
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There wasn’t much economic data or other events to shake up Asian equities today as US politics continued to dominate risk taking, with Wall Street experiencing a buy the dip rally overnight, some of what spilled over locally but without a lot of confidence. The USD remains mixed against the majors as Yen appreciates while The post Macro Afternoon appeared first on MacroBusiness. |
