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Renew Economy Wednesday, December 6, 2023 - 06:05 Source

Limondale solar farm rye

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Your Democracy Wednesday, December 6, 2023 - 06:02 Source

I live in the inner west/southwest of Sydney, traditional lands of the Gadigal, Wangal and Darug-speaking peoples. Our built heritage traces the area’s development and amplifies its desirability, economic viability, and people’s quality of life. According to Time Out, Marrickville and Enmore are some of the coolest neighbourhoods in the world.

 

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Your Democracy Wednesday, December 6, 2023 - 05:46 Source

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MacroBusiness Wednesday, December 6, 2023 - 00:05 Source

Liberal Party Defence and National Security Policy Chair, Lincoln Parker, claims that Chinese buyers are spending “to the tune of $3.4 billion a year, which equates to about $65 million per week every week, which is driving the prices up for the average person”. Parker added that “in Sydney, we know that you’ve got to

The post Foreign buyers deprive Australians of housing appeared first on MacroBusiness.

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Renew Economy Tuesday, December 5, 2023 - 20:07 Source

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Renew Economy Tuesday, December 5, 2023 - 19:25 Source

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Cheeseburger Gothic Tuesday, December 5, 2023 - 17:56 Source

There I was thinking I had plenty of time to write the next Sleeper Agent book before Christmas because I Always Intended To Write The Next Sleeper Agent Book Before Christmas.

And then…

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John Quiggin Tuesday, December 5, 2023 - 17:09 Source

My latest, published in The Conversation and on my Substack

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Renew Economy Tuesday, December 5, 2023 - 15:05 Source

landfill

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Renew Economy Tuesday, December 5, 2023 - 14:59 Source

wind farm concrete pour

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AustralianPolitics.com Tuesday, December 5, 2023 - 14:59 Source

As expected, there is no movement on interest rates in today’s Reserve Bank of Australia statement on monetary policy.

The Reserve Bank left the cash rate unchanged at 4.35%.

The Reserve increased the cash rate by 0.25% at its November meeting. Since then a 4.9% inflation rate has been recorded, easing the pressure on the bank for one more rate increase.

In its statement today, the Reserve Bank said:

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Renew Economy Tuesday, December 5, 2023 - 14:45 Source

origin calabria perkins

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MacroBusiness Tuesday, December 5, 2023 - 14:42 Source

The Reserve Bank of Australia (RBA) today held the official cash rate steady at 4.35%, as expected by markets and economists. In delivering the news, the RBA statement noted that data over the past month has moved in line with expectations, and stressed that it will only lift rates again if warranted by the data.

The post RBA delivers hopeful hold appeared first on MacroBusiness.

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Renew Economy Tuesday, December 5, 2023 - 14:29 Source

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MacroBusiness Tuesday, December 5, 2023 - 14:00 Source

Justin Fabo at Macquarie Group has charted Tuesday’s weak ABS Household Spending Indicator (HSI) against household consumption in the national accounts: As shown above, the HSI is pointing to a further softening of household consumption growth when the ABS releases the September quarter national accounts on Wednesday. This is concerning since household consumption drives more

The post Australia’s per capita recession rolls on appeared first on MacroBusiness.

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Renew Economy Tuesday, December 5, 2023 - 13:48 Source

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Renew Economy Tuesday, December 5, 2023 - 13:43 Source

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Renew Economy Tuesday, December 5, 2023 - 13:37 Source

Mortlake South Wind Farm

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MacroBusiness Tuesday, December 5, 2023 - 13:30 Source

You can multiply this debate 1000x across all major Aussie cities. From Greens idiots in Sydney’s west: The future of one of the last significant blocks of industrial land in Concord West is about to be determined, with a focus that ignores the future community needs of the area. In tomorrow’s Canada Bay council meeting, councillors

The post Envirovandal Greens debate what to crushload appeared first on MacroBusiness.

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MacroBusiness Tuesday, December 5, 2023 - 13:00 Source

Simon Kuestenmacher from The Demographics Group has penned another article spruiking the benefits of a ‘Big Australia’, arguing that it will be key to the nation’s economic success in the years ahead: “In Australia we create wealth by doing four things very well: Mining, agriculture, international education and tourism. That’s it. That’s what we export”.

The post The ‘Stats Guy’ can’t read education export stats appeared first on MacroBusiness.

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MacroBusiness Tuesday, December 5, 2023 - 12:30 Source

Before last month’s interest rate hike from the Reserve Bank of Australia (RBA), Australian households were already spending a record share of their incomes on mortgage repayments: Australian households were also spending a higher share of their incomes on essentials like rents and energy following rampant inflation over recent years. To nobody’s surprise, these factors

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The Australian Independent Media Network Tuesday, December 5, 2023 - 12:13 Source

CSIRO News Release Total fossil carbon dioxide emissions are projected to be at a record high of 36.8 billion tonnes in 2023, as outlined in the annual Global Carbon Budget released at the United Nations Conference of the Parties (COP28) in Dubai. While many countries are succeeding in reducing or slowing carbon dioxide emissions, recent…

The post Carbon emissions at a record high, new report finds appeared first on The AIM Network.

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MacroBusiness Tuesday, December 5, 2023 - 12:00 Source

The greatest accomplishment of the Albanese Labor Government has been delivering the worst rental and homelessness crisis in living memory. The Albanese government has lifted net overseas migration to an estimated record high 500,000, driven by surging temporary migration (mostly foreign students). Labor has also lifted the permanent migrant and humanitarian intakes to record highs.

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The Australian Independent Media Network Tuesday, December 5, 2023 - 11:42 Source

Camelot, the sweetly sentimental shorthand for a shortened US presidency, has generated a mythopoetry so rich it turns the stomach, clogs the intestines, and soils the historical record. With its effacing tendencies, its soppily loyal hagiographers, its ghastly, moist worshippers, anniversaries are the best occasions to shine. Six decades have passed since President John F.…

The post Refreshing the Camelot School: Kennedy Hagiography at Sixty appeared first on The AIM Network.

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MacroBusiness Tuesday, December 5, 2023 - 11:40 Source

The Market Ear kicks us off. The big short is now a big long From minus 200bn to plus 200bn… GS Crap is king In mid November (here), we asked ourselves rhetorically when the chase for laggards and low quality would begin. Fast forward to today and things have really picked up. The chase for

The post Last year, everybody was bearish. Now, they’re all bullish appeared first on MacroBusiness.

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MacroBusiness Tuesday, December 5, 2023 - 11:20 Source

Australia’s population growth has been off the charts this century, adding 7.6 million people. The 2023 Intergenerational Report (IGR) projected that Australia’s population will grow to 40.5 million people by 2062-63: This means that Australia’s population will have more than doubled in only 60 years. Australia will have added its first 20 million people in

The post The Australian way of life is finished appeared first on MacroBusiness.

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MacroBusiness Tuesday, December 5, 2023 - 11:00 Source

The Victorian Government is already drowning in debt with the nation’s lowest credit rating. Victoria has the nation’s largest state debt (Source: Alex Joiner). Victoria’s debt is projected to explode over the coming years on the back of massive infrastructure spending and poor financial management. Moody’s recently projected that Victoria’s debt would increase by 85%

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MacroBusiness Tuesday, December 5, 2023 - 10:40 Source

This is pretty weird. China Evergrande Group won breathing room to strike a restructuring agreement with creditors after a Hong Kong court again pushed back a decision on whether the world’s most-indebted property developer should be wound up. The proceedings have been adjourned to Jan. 29, Judge Linda Chan said in the city’s High Court.

The post Evergrande survives as Chinese property dies appeared first on MacroBusiness.

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Cheeseburger Gothic Tuesday, December 5, 2023 - 10:20 Source
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MacroBusiness Tuesday, December 5, 2023 - 10:20 Source

ANZ with the report. ANZ-Indeed Australian Job Ads fell 4.6% m/m in November following a downward revision in October to -3.4% m/m from -3.0% m/m. In trend terms, the series was down 3.4% m/m. ANZ-Indeed Australian Job Ads has fallen 16.8% from the November 2022 peak but is elevated compared to pre-pandemic levels. The decline

The post Job ads freefall points to unemployment spike appeared first on MacroBusiness.

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