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MacroBusiness Friday, October 11, 2024 - 11:00 Source

An academic from the Queensland University of Technology have come up with a brainiac solution to Australia’s housing crisis: have older Australians rent out their spare bedrooms. “Strong demand in the rental sector is being fuelled by post-COVID population growth of 651,000 persons in 2023, combined with shrinking capacity in housing supply evidenced by falling

The post Academics birth new housing policy distraction appeared first on MacroBusiness.

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xkcd.com Friday, October 11, 2024 - 11:00 Source

If any of you want to meet some cool local oxygen atoms, I can introduce you!

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MacroBusiness Friday, October 11, 2024 - 10:30 Source

The Reserve Bank of Australia (RBA) has released a review of its $188 billion Term Funding Facility (TFF), which revealed that the stimulus program did little to boost small business lending but was successful in pumping mortgage credit and house prices. The RBA found that “the lower funding costs were passed through to rates on

The post Australia’s property bubble a giant productivity drain appeared first on MacroBusiness.

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MacroBusiness Friday, October 11, 2024 - 10:00 Source

Arguably, if this is true, The Greens are even worse given their high moral attitude: Bandt has ducked questions, including cutting short a press conference, over complaints about Senator Dorinda Cox’s behaviour and 20 staff quitting her office and several making complaints, underlining the sensitivity for a party that has led the charge calling for an MP behaviour watchdog.

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MacroBusiness Friday, October 11, 2024 - 09:30 Source

While Beijing is busy talking up stimulus and growth to global markets, locally it is busy sending an altogether different signal: Chinese President Xi Jinping’s sweeping anti-corruption campaign has implicated a record number of senior officials for two straight years, highlighting the risks for bureaucrats and threatening to unsettle investors already anxious about the economy.

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MacroBusiness Friday, October 11, 2024 - 09:15 Source

I have been on board with the gold rally given Fed rate cuts and geopolitical tensions but it’s gotten well overheated. Now, macro factors are swinging against it as well. BCA with more: On the face of it, a Fed that is behind the curve to stabilise prices should be good for the inflation hedge,

The post The big gold sell appeared first on MacroBusiness.

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MacroBusiness Friday, October 11, 2024 - 09:00 Source

The latest US CPI print overnight gave risk markets pause as it came in slightly higher than expected, causing Wall Street to take a stepback from making new record highs. The USD initially firmed against the majors but is seeing some pushback later in the session while the Australian dollar was able to just hold

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Friday, October 11, 2024 - 08:57 Source

https://www.youtube.com/watch?v=br-95JWgPkM

Howard Stern is Very Mad at SNL For Gently Making Fun of Kamala Harris, with Batya Ungar-Sargon

 

KAMALA IS KACUOUS... MEANING VACUOUS AN CAKLING LIKE A CHOOK ABOUT TO GET HER HEAD CHOPPEDN OFF IN AN ABBATOIR...

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The Australian Independent Media Network Friday, October 11, 2024 - 08:31 Source

The Australia Institute Media Release Australia could create more than 4300 quality direct jobs by making its own wind towers instead of importing them, according to new research by the Centre for Future Work. At present, all wind towers installed in Australia are imported from overseas with most coming from China. Centre for Future Work’s…

The post New report finds Australian wind tower manufacturing would create thousands of jobs appeared first on The AIM Network.

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Your Democracy Friday, October 11, 2024 - 08:15 Source

Slovakia's Prime Minister Robert Fico has accused journalists from major media outlets of being “possessed by the devil” and threatened to establish a national media watchdog, along with introducing professional qualification exams to rein in the “hate” they spread through their articles.

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Renew Economy Friday, October 11, 2024 - 08:06 Source
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MacroBusiness Friday, October 11, 2024 - 07:48 Source

The DXY rally paused: Freeing AUD to bounce: North Asia too: Plus commods: And miners: EM yawn: Junk if still OK: Despite rising yields: Stocks eased: The US inflation report was above expectations but not worrying. Core CPI was 0.3% versus 0.2% expected, largely on a pop in food inflation. However, the OER disinflation continues

The post Australian dollar to join global rate cut frenzy appeared first on MacroBusiness.

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The Tally Room Friday, October 11, 2024 - 07:00 Source

Ben is joined by Jasper Lindell from the Canberra Times to preview the upcoming Australian Capital Territory election, with a Labor-Greens government facing the voters after 23 years of Labor government and 16 years of the Greens in the balance of power.

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MacroBusiness Friday, October 11, 2024 - 07:00 Source

Deutsche Bank chief economist Phil Odonoghoe warned in September that Australia’s unemployment rate would be much higher if employers were not hoarding labour. “Australia’s unemployment rate is lower than it should be because most of the adjustment to lower labour demand has occurred through hours worked, rather than through employment”, he said. “We estimate that

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Your Democracy Friday, October 11, 2024 - 06:41 Source

 

U.S. SPECIAL OPS FLIGHTS TO ISRAEL FROM UK’S CYPRUS BASE SURGE UNDER STARMERSecrecy surrounds unmarked American military planes going from UK territory to Israel, but new information could further implicate Labour ministers in war crimes.

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MacroBusiness Friday, October 11, 2024 - 00:10 Source

New data highlights the two-tier nature of Australia’s construction sector at present, with the number of cranes deployed on residential building sites falling to a two-year low of 493 in the September quarter, compared with 535 six months earlier. In contrast, the data from quantity surveying firm RLB shows that the number of cranes on

The post Infrastructure boom drives housing construction bust appeared first on MacroBusiness.

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Club Troppo Thursday, October 10, 2024 - 23:02 Source

A few years ago I read a book by the iconic Australian author Helen Garner titled “House of Grief”. It dealt with the trial and conviction of a man named Robert Farquharson for the murder of his three young sons Jai (age 11), Bailey (age 7) and Tyler (age 3) on Fathers’ Day in 2005.

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The Tally Room Thursday, October 10, 2024 - 18:36 Source

The Australian Electoral Commission today published the maps and data for the final boundaries for New South Wales for next year’s federal election, which makes it possible to calculate final margins and show maps of the new boundaries.

After the fold, the map shows the changes between the old boundaries, draft boundaries, and final boundaries.

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Your Democracy Thursday, October 10, 2024 - 18:07 Source

Paris has played a highly active role in NATO’s proxy war against Russia in Ukraine, delivering billions of euros-worth of war materiel and repeatedly threatening to deploy ground troops.

France will need to prove its ability to wage war with Russia in large-scale exercises planned for next year, a senior commander has said.

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MacroBusiness Thursday, October 10, 2024 - 17:00 Source

Most stock markets were up today here in Asia today in response to the record high on Wall Street helped by a new slush fund created by the PBOC to keep Chinese equities elevated. The USD remains firm going into tonight’s US CPI print with the  Australian dollar steady just above the 67 cent level.

The post Macro Afternoon appeared first on MacroBusiness.

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Your Democracy Thursday, October 10, 2024 - 16:16 Source

CNN — Yet again, the federal government spent far more than it collected in revenue, racking up a budget deficit of $1.8 trillion for fiscal year 2024, according to the Congressional Budget Office.

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Renew Economy Thursday, October 10, 2024 - 15:31 Source
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Renew Economy Thursday, October 10, 2024 - 15:18 Source
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The Australian Independent Media Network Thursday, October 10, 2024 - 14:32 Source

Independent Tertiary Education Council Australia (ITECA) Media Release Independent skills training and higher education providers delivering quality outcomes to international students express deep concern over the lack of clear direction in the Senate’s review of the Education Services for Overseas Students Amendment (Quality and Integrity) Bill 2024. The Independent Tertiary Education Council Australia (ITECA) says…

The post Senate Splits On International Education Bill appeared first on The AIM Network.

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MacroBusiness Thursday, October 10, 2024 - 14:00 Source

China fanboys come in all shapes and sizes. Some are smarter that others. University of Queensland Vice Chancellor Peter Varghese is a more subtle and dangerous version than the likes of foghorns like Geoff Raby and Paul Keating. Varghese wrote this week: The central strategic axis of the Indo-Pacific region is – and for the

The post The unresolved tension in Peter Varghese appeared first on MacroBusiness.

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MacroBusiness Thursday, October 10, 2024 - 13:30 Source

The Reserve Bank of New Zealand has slashed the official cash rate by 0.5% to 4.75%. In arriving at its decision, the Reserve Bank noted that “business investment and consumer spending have been weak, and employment conditions continue to soften. Low productivity growth is also constraining activity”. “High-frequency indicators point to continued subdued growth in

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The Australian Independent Media Network Thursday, October 10, 2024 - 13:16 Source

By Denis Bright   With the Queensland Government now in caretaker mode, time is running out for more communication about the priorities of a fourth term of government for Queensland Labor. Pre-polling voting commences on 14 October and continues for the last two weeks of the campaign. State Labor’s primary vote is still stuck on 30…

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MacroBusiness Thursday, October 10, 2024 - 13:00 Source

Honestly, Australians are the most media gaslit people on earth. Yes, even worse than the US. This is because, unlike the US, our mainstream press is a desperate vested interest attached to a dying housing bubble economic model that it will never let go. To wit, we get propaganda like this: Australians are open to

The post No real housing crisis solutions allowed appeared first on MacroBusiness.

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MacroBusiness Thursday, October 10, 2024 - 12:30 Source

Analysis of budget data by The Australian shows that the number of full-time workers in Queensland’s public service has risen by 57,000 to 266,999 since the state government took office in early 2015. The wage bill for full-time public service workers has blown out by around 75%, from $19.96 billion in 2015-16 to $35.22 billion

The post Queensland follows Victoria into public service morass appeared first on MacroBusiness.

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Renew Economy Thursday, October 10, 2024 - 12:17 Source
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