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MacroBusiness Tuesday, October 8, 2024 - 08:00 Source

The Coalition is considering stripping the Australian Prudential Regulatory Authority (APRA) of some of its powers to regulate mortgage borrowing and overhauling credit laws to make it easier for first home buyers to borrow for housing. Some Coalition MPs also want to scrap responsible lending laws, which put the onus on the banks to verify

The post Australia doesn’t need easier mortgage lending appeared first on MacroBusiness.

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Your Democracy Tuesday, October 8, 2024 - 07:15 Source

Emmanuel Macron had worked as an investment banker at Rothschild & Cie Banque between 2008 and 2012. Recruited at the end of 2008, Macron was promoted to a partner with the bank in 2010. Macron earned about €2.9 million while working for the Rothschilds, according to Financial Times.

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MacroBusiness Tuesday, October 8, 2024 - 07:00 Source

The Federal Chamber of Automotive Industries (FCAI) released new car sale data for September, which showed that overall sales fell by 12.4% versus the same month last year. FCAI Chief Executive Tony Weber noted that “the September result shows that the state of the economy is impacting purchasing intentions”. However, it was the first time

The post Australians fall off battery EV bandwagon appeared first on MacroBusiness.

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Your Democracy Tuesday, October 8, 2024 - 04:39 Source

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Renew Economy Tuesday, October 8, 2024 - 03:22 Source
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MacroBusiness Tuesday, October 8, 2024 - 00:30 Source

It’s no secret that every investor’s biggest desire is to maximise their investments.  There are a plethora of strategies that they can consider to reach that goal. For some, this could involve collaborating with other individuals or businesses to take advantage of the benefits that come with shared stock ownership. Being a part of joint

The post Everything you need to know about joint ownership of shares appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 8, 2024 - 00:10 Source

The world’s largest commercial real estate group, CBRE, released its Apartment vacancy and rent outlook for Australia, projecting that the rental crisis will last until at least the end of the decade. CBRE expects that median Australian rents will grow by 25% between 2024 and 2029, well above projected CPI inflation. CBRE also projects that

The post Australia confronts decade-long rental crisis appeared first on MacroBusiness.

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Renew Economy Monday, October 7, 2024 - 21:35 Source
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Renew Economy Monday, October 7, 2024 - 20:58 Source
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MacroBusiness Monday, October 7, 2024 - 18:22 Source

‘Alexander Schramm ‘An aboriginal encampment near the Adelaide foothills’ 1854, Art Gallery of South Australia     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: 7 October 2024 appeared first on MacroBusiness.

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Your Democracy Monday, October 7, 2024 - 17:28 Source

Diplomacy and people-to-people exchanges can play a big role in securing global stability amid geopolitical and trade tensions, said former Irish prime minister Bertie Ahern.

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The Australian Independent Media Network Monday, October 7, 2024 - 16:35 Source

By Denis Hay Description Explore how Australian politicians control narratives on social media. Learn how citizens can demand real engagement for a more democratic society. Introduction In Australia, politicians have harnessed social media platforms, especially Facebook, to craft a carefully curated narrative. While these pages highlight “feel-good” photos and positive achievements, they rarely provide a…

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Renew Economy Monday, October 7, 2024 - 15:16 Source
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Renew Economy Monday, October 7, 2024 - 14:52 Source
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Renew Economy Monday, October 7, 2024 - 14:01 Source
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MacroBusiness Monday, October 7, 2024 - 14:00 Source

Goldman has declared DXY at the bottom. USD: That oughta do it. Over the last few weeks, we have written that Dollar underperformance looked overdone, particularly in DXY terms. Many of the factors that weighed on the Dollar through the summer had reversed—our data surprise index has steadily improved, recession concerns have faded somewhat, and

The post Australian dollar topping out appeared first on MacroBusiness.

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MacroBusiness Monday, October 7, 2024 - 13:30 Source

It has been revealed that McDonald’s and its franchisees were paid up to $72 million under the former Coalition government’s Boosting Apprenticeship Commencements (BAC) program to train its staff. The BAC program aimed to help the post-pandemic recovery, but it has come under criticism from Labor MPs, unions, and former staff of fast food companies,

The post How to rort government wage subsidy schemes appeared first on MacroBusiness.

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Renew Economy Monday, October 7, 2024 - 13:18 Source
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MacroBusiness Monday, October 7, 2024 - 13:00 Source

The popular vote is still firmly with Kamala Harris: But swing states have narrowed with critical PA nearly a dead heat: Betting odds still favour Harris: It’s going to be tight. Markets are not priced for Trump.

The post US election race tightens appeared first on MacroBusiness.

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MacroBusiness Monday, October 7, 2024 - 12:30 Source

AFR wunderkind Mark Di Stefano pretends to care about the housing torture of his generation. But as is the case with so many Millennials et al, the pursuit of change is cancelled when ideology overwhelms sense. In recent days, Matt Barrie has delivered several knockout blows to the national conversation around housing, clearly directed at

The post AFR pygmy bites Matt Barrie’s ankles appeared first on MacroBusiness.

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John Quiggin Monday, October 7, 2024 - 12:03 Source

I’ve been consistently critical of the Labor party since Anthony Albanese became leader after Labor’s narrow but unexpected loss in 2019. It’s always easy to fall prey to confirmation bias in this kind of thing, making much of the bad and ignoring the good. To check my beliefs, I’m taking a widely circulated list of Labor’s claimed achievements, and giving my own responses. This is by no means a complete list of the governments achievements, and of course it doesn’t mention failures, but I’m confining myself to the list for now. Readers can judge whether I’m being fair.

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MacroBusiness Monday, October 7, 2024 - 12:00 Source

Australians are experiencing the longest per capita recession on record, with six straight quarterly declines and seven declines over the previous eight quarters. The OECD’s latest economic outlook reduced Australia’s GDP growth prediction for 2024 to 1.1%, down from 1.5% in the previous edition in May. The OECD also predicted Australia’s GDP would expand by

The post Australia’s record-breaking recession to roll on appeared first on MacroBusiness.

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Cheeseburger Gothic Monday, October 7, 2024 - 11:57 Source

We had a weekend away up on the north coast, staying just outside of Noosa, which was full of Victorians on holiday. There’s a cafe at Peregian Beach, a place called Fatima’s Hand, and every day they do a new muffin. One sweet, one savoury.

Of course, I have the sweet muffin.

This bad boy was pear, white chocolate and blueberry. There may have been a bite taken before I remembered to take a pic. I’m not sure how that happened.

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Renew Economy Monday, October 7, 2024 - 11:55 Source
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MacroBusiness Monday, October 7, 2024 - 11:30 Source

This is why you need to pay attention to sponsorships like that of gas cartelier Origin Energy of The Grattan Institute. Last year, Grattan unveiled the worst piece of gas cartel propaganda seen in a decade (since its previous worst), when it declared that climate change mitigation depended upon getting households off gas: Australia needs

The post Turn off the Grattan gas cartel, not cooktops appeared first on MacroBusiness.

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MacroBusiness Monday, October 7, 2024 - 11:00 Source

Not very, in my view. But Goldman offers some scenarios. Brent crude oil prices have risen 10% to $78/bbl since Tuesday as the market reassesses the risk of disruptions to oil production in the Middle East following Tuesday’s strikes on Israel. Under our assumption of no major supply disruption, we continue to expect Brent to

The post How real is the Iran oil threat? appeared first on MacroBusiness.

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xkcd.com Monday, October 7, 2024 - 11:00 Source

The distinctive 'UCLA comma' and 'Michigan comma' are a long string of commas at the start and end of the sentence respectively.

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MacroBusiness Monday, October 7, 2024 - 10:30 Source

The Market Ear with an outlook I basically agree with based on the unfolding US productivity boom. There is always a (bad) reason to sell But but but timing the market is our job… Koyfin DOW 60.000 The Dow Jones Industrial Average is on course to hit 60,000 by the end of the decade. Yardeni

The post Stay long the roaring twenties appeared first on MacroBusiness.

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MacroBusiness Monday, October 7, 2024 - 10:00 Source

On Friday, the Australian Bureau of Statistics (ABS) released housing finance data for August, which reported that investor demand continues to rise. The volume of investor mortgages originated has almost risen back to the pre-monetary tightening peak after growing by 34% year-on-year: At the same time, the growth in first-home buyer mortgages has stalled in

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The Australian Independent Media Network Monday, October 7, 2024 - 09:56 Source

Oxfam Australia Media Release The Lebanese authorities, communities and humanitarian agencies are struggling to shelter and provide the necessities of life to over one million people fleeing Israel’s airstrikes and invasion to the south, Oxfam said today. Oxfam is working with local partners in Lebanon and alongside other aid agencies as part of the government’s…

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