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MacroBusiness
Tuesday, May 23, 2023 - 12:00
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Victoria’s net debt is expected to top $165.9 billion by 2026: Victoria’s debt blowout has arisen despite the state government selling-off a raft of state assets. Victoria also has the nation’s lowest credit rating, which is facing further downgrade. Earlier this week, Victorian Premier Dan Andrews tried to blame the Reserve Bank of Australia (RBA) The post Dan Andrews blames RBA for Victoria’s debt woes appeared first on MacroBusiness. |
The Australian Independent Media Network
Tuesday, May 23, 2023 - 11:33
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Victorian Forest Alliance (VFA) Media Release This morning the ABC has reported that the Daniel Andrews government has made a decision to bring forward the transition out of native forest logging, from 2030 to January 2024. Conservationists and forest campaigners from across the state are celebrating the news, after long, and hard-fought campaigns, some spanning… |
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MacroBusiness
Tuesday, May 23, 2023 - 11:30
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The latest wage price data from the Australian Bureau of Statistics (ABS) showed that real inflation-adjusted wages have fallen to 2010 levels, down 7.5% from their mid-2020 peak: Writing in the New Daily, Michael Pascoe argues that Australians “might never see that ‘wage growth’ we hear about”. For wage growth to rebound, Pascoe argues that The post Kiss goodbye to wage growth appeared first on MacroBusiness. |
MacroBusiness
Tuesday, May 23, 2023 - 11:00
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PropTrack reports that the share of rental properties listed for rent on realestate.com.au for less than $400 has plunged to just 16.2% in April 2023 – the lowest share on record. A year ago, 30.2% of all rental listings were under $400 a week, and at the beginning of the pandemic, 41.8% of rental homes The post “Dire straits”: affordable rentals vanish amid record immigration appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, May 23, 2023 - 10:40
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Last month we reported that Australia’s international student boom was “built on fraud and grift”, with large numbers of South Asian students arriving only to drop out of established universities and enrol in cheaper private colleges. The record influx of arrivals is a result of recent policy changes that extended the amount of hours students can The post Universities boycott bogus Indian students appeared first on MacroBusiness. |
MacroBusiness
Tuesday, May 23, 2023 - 10:20
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Some charts from The Market Ear cover the phenomenon nicely. Nobody talks about this one Majority of pundits are only talking about the big SPX spec short, but there are many offsetting positions, one of them the NASDAQ long…currently at rather long levels. DB NASDAQ technicals The break out has managed sucking people in. We The post Tech bubble blows higher appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, May 23, 2023 - 10:00
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Last month, The Australia Institute (TAI) think tank slammed the Reserve Bank of Australia (RBA) of a “dereliction of duty” by rejecting the role of excess profits as a cause of inflation. The TAI report “showed that 69% of excess inflation (above the Reserve Bank’s 2.5% target) since end-2019 arose from higher unit corporate profit The post “Oligopolistic pricing power” drives Aussie inflation appeared first on MacroBusiness. |
The Australian Independent Media Network
Tuesday, May 23, 2023 - 10:00
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By frances goold In light of recent conversations about ‘art monsters’, ‘fallen idols’, and nasty geniuses, and the recent release of Brooke Shields’ two-part memoir of her sexually objectified life, it seems germane to mark the fifteenth anniversary of our own town’s moment of spurious glory, when the art trade in soft child porn… The post Ritorno sulla scena del crimine – an anniversary retrospective appeared first on The AIM Network. |
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Your Democracy
Tuesday, May 23, 2023 - 09:46
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I AM REMINDED OFTEN THAT THERE IS NOTHING I CAN DO TO SOLVE THE UKRAINE CRISIS... TOUCHé.... YES I SHOULD CONCENTRATE MORE ABOUT THE BULLSHIT GOING ON AT HOME... TO WHICH I CAN SAY, THERE IS NOTHING I CAN DO ABOUT IT EITHER... POLITICIANS AND THEIR LITTLE F*****G HELPERS, THE LOBBYISTS, THE WARMONGERS, THE "ECONOMISTS" ARE WAY AHEAD OF US IN THIS GAME OF FARTING PIGS. |
MacroBusiness
Tuesday, May 23, 2023 - 09:40
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The G7 knows what to do, led by Joe Biden: “We’re not looking to decouple from China. We’re looking to de-risk and diversify our relationship with China which means taking steps to diversify our supply chains so we are not dependent on any one country for necessary products. It means resisting economic coercion together and The post China grovelling is not “maturity”, it is treason appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, May 23, 2023 - 09:20
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If an energy shock transpires but there is nobody there to record it, did it happen? That is the question that is being asked today by the bizarro world of Albo’s new energy shock that everybody is ignoring. The local gas price, which is capped at $12Gj, has now roared through $20Gj. It is now The post Albo’s energy shock rampages higher amid silence appeared first on MacroBusiness. |
Your Democracy
Tuesday, May 23, 2023 - 09:11
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Apparently, at last night event, Noel Pearson got a standing ovation. Noel is a lawyer who has been studying property laws and their evolution since invasion day... He apparently explained in some details the minutie of these laws and to some extend how they were devised by the "English" to dispossess the original inhabitants of Australia. Hopefully, the full video will be available on Youtube soon... |
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MacroBusiness
Tuesday, May 23, 2023 - 09:00
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Continued nail baiting around the US debt ceiling resolution in Congress kept risk markets contained overnight, with European stocks mixed alongside Wall Street. Currency markets were also largely unchanged as they remain firmly on the side of the USD as the safe haven of choice with the Australian dollar steady at the mid 66 cent The post Macro Morning appeared first on MacroBusiness. |
The Australian Independent Media Network
Tuesday, May 23, 2023 - 07:27
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Stan Grant has made it known that he is quitting ABC television Program Q&A. In a heartfelt piece published by the ABC he said that “On Monday night I will present my Q+A program, then walk away. For how long? I don’t know.” His time hosting Q&A has not been without controversy as with the time… The post Do We Really Need Twitter ? appeared first on The AIM Network. |
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Your Democracy
Tuesday, May 23, 2023 - 06:45
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For months now, we have seen the city of Bakhmut under siege, with assaults spearheaded by the infamous Wagner mercenary group. Led by the thuggish financier Yevgeny Prigozhin, it is in Bakhmut that his forces planned to outdo the regular Russian armed forces and disgrace Russia’s defence minister Sergei Shoigu. |
Renew Economy
Tuesday, May 23, 2023 - 06:45
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Cheeseburger Gothic
Tuesday, May 23, 2023 - 06:08
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“Nothing but blue skies do I see.” Testify, Willie. |
MacroBusiness
Tuesday, May 23, 2023 - 00:10
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A dramatic drop in for sale listings is depriving home buyers of choice and driving FOMO (‘fear of missing out’). Housing supply in the form of properties for sale has collapsed since the beginning of the pandemic, with total listings 31.5% below the decade monthly average in April, and 33.8% below the average for April, The post FOMO intensifies as Hunger Games hits home buyers appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, May 23, 2023 - 00:01
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Global Macro / Markets / Investing: Yellen says June 1 is hard deadline for raising debt ceiling – Reuters De-Dollarization Is Happening at a ‘Stunning’ Pace, Jen Says – Bloomberg Politically, ‘No One Would Be Blameless’ If US Defaults, Biden Says – Washington Current Bankruptcies Are Up 216% and We Aren’t Even Halfway Through 2023 The post Links 23 March 2023 appeared first on MacroBusiness. |
Renew Economy
Monday, May 22, 2023 - 21:52
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Club Troppo
Monday, May 22, 2023 - 19:16
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Renew Economy
Monday, May 22, 2023 - 18:02
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MacroBusiness
Monday, May 22, 2023 - 16:30
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A generally positive session across the board for Asian stocks starting the new trading week, although local stocks took a breather. Chinese authorities haven’t changed their lending rates or signalled further stimulus while volatility regarding the US debt ceiling impasse is still threatening overnight stocks. The Australian dollar is still quite depressed, continuing at its The post Macro Afternoon appeared first on MacroBusiness. |
Cheeseburger Gothic
Monday, May 22, 2023 - 15:41
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I confess I’ve never read his novels because they’re not very splodey and I figured he didn’t need the money. But everyone’s been saying how good he was, and now he’s dead. I feel like I maybe have missed out. I didn't read any John Le Carre until after he had submitted his final manuscript, and then I pretty much binged his entire back catalogue. Anybody read any of the Amis novels? Apparently, Money is his best. |
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Renew Economy
Monday, May 22, 2023 - 15:24
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The Australian Independent Media Network
Monday, May 22, 2023 - 15:05
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Burnett Mary Regional Group Media Release Burnett Mary Regional Group (BMRG) scientists have discovered critically endangered white-throated snapping turtles in the Baffle Creek for the first time. Researchers made the important discovery recently while assessing the waterway as part of the Australian Government’s Emergency Flood Recovery project for wildlife and habitat. Until now, the white-throated… |
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Renew Economy
Monday, May 22, 2023 - 14:24
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MacroBusiness
Monday, May 22, 2023 - 14:00
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This episode of MB Fund Empower looks at the rental crisis Australia is currently experiencing. Maybe you’ve experienced it first hand, or maybe you know someone who has. But rents are up 10.1% nationally in the last 12 months, according to CoreLogic. Underlying that is up to 50% increases as existing tenants’ leases expire, bidding The post MB Fund Empower Podcast: Rentageddon appeared first on MacroBusiness. |
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MacroBusiness
Monday, May 22, 2023 - 13:30
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The Reserve Bank of New Zealand has been one of the most aggressive central banks this monetary cycle, lifting official interest rates by 5.0%: Most economists expect another 0.25% increase at Wednesday’s monetary policy meeting, bringing the official cash rate (OCR) to 5.50%, the highest level since December 2008. If the Reserve Bank does hike, The post Reserve Bank to hike again this week appeared first on MacroBusiness. |
Renew Economy
Monday, May 22, 2023 - 13:23
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This post began as an ad for an artist with traditional and AI graphic design skills.
