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MacroBusiness Thursday, October 3, 2024 - 09:30 Source

Bloomie is doing its best for Beijing. At 11:12 p.m. in Shenzhen on Sunday, China’s least affordable city eased rules for homebuyers. Less than an hour later, the first batch of prospective customers showed up at a sales center for a suburban project by local developer Excellence Group. It’s going to take months to see how the

The post China is still Japan appeared first on MacroBusiness.

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MacroBusiness Thursday, October 3, 2024 - 09:00 Source

Risk markets remain caught between rate cut speculation, the upcoming US NFP print on Friday night and the seemingly expanding war in the Middle East, almost all without any key moves overnight. Wall Street put in a scratch session while European shares continued their very soft mood with mixed results. In currency land, some softer

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Thursday, October 3, 2024 - 08:06 Source
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MacroBusiness Thursday, October 3, 2024 - 08:00 Source

Australian policymakers have created an even worse way to grow the economy than through high immigration and housing speculation. The National Disability Insurance Scheme (NDIS) has become a literal financial ‘black hole’ that is driving the nation’s jobs and growth. As The AFR’s Michael Read noted on Monday, the NDIS “was originally forecast by the

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Your Democracy Thursday, October 3, 2024 - 07:19 Source

It is a great honor to be invited by the Workers Party (PT) to this impressive Congress and be part of the large group of international delegates observing the incredible transformations here in Mexico.

I believe we have all traveled here for three main reasons — the three great crises that menace our world and beset the progressive forces who hope to shape it.

 

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The Australian Independent Media Network Thursday, October 3, 2024 - 07:13 Source

New global research involving over 10,000 children and young people from 10 countries has found that gender profoundly influences how conflict is experienced. The study, by child rights and humanitarian INGO Plan International, offers in-depth insight into growing up in conflict, based on a survey and first-person accounts of 15- to 24-year-olds from countries including…

The post Conflict ‘deepens and amplifies’ gender inequality – new global survey appeared first on The AIM Network.

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MacroBusiness Thursday, October 3, 2024 - 07:00 Source

Recall that the Albanese government has sought to combat disinformation with a new reporting register. A page on the ALP’s website has appeared encouraging party members and supporters to “report disinformation” via an online form to “fight lies and fake news”: The form requires users to enter their name, email address, complaint information, and the media platform

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Your Democracy Thursday, October 3, 2024 - 06:47 Source

Jean-François Millet is noted for his scenes of peasant farmers; he is one of the Realism art movement founders. Millet was an important source of inspiration for Vincent van Gogh, particularly during his early period. Millet's late landscapes would serve as influential points of reference to Claude Monet's paintings of the coast of Normandy.

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Cheeseburger Gothic Thursday, October 3, 2024 - 05:51 Source

I destroyed my favourite pot last night. I didn’t even think this was possible. But apparently I do not know my own power.

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Your Democracy Thursday, October 3, 2024 - 05:35 Source

Fyodor Lukyanov: The Middle East is on the brink of a full-scale warAll the major players are poking each other but there is no desire to cross the Rubicon

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MacroBusiness Thursday, October 3, 2024 - 00:10 Source

A reader sent me the below meme, which neatly explains why curbing immigration is far more important for housing affordability than curbing negative gearing: Stimulating property investment via tax policies like negative gearing does push up house prices by stimulating investor demand. Investors also outbid and crowd-out first home buyers, thereby lowering the nation’s home

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Your Democracy Wednesday, October 2, 2024 - 21:04 Source

US ‘helpless’ as Middle East burns – MoscowWashington’s policy is a “complete failure,” according to Russian Foreign Ministry spokeswoman Maria Zakharova

The surge in violence in the Middle East signifies the “complete failure” of US policy in the region under President Joe Biden, Russian Foreign Ministry spokeswoman Maria Zakharova has said, shortly after Iran launched a significant retaliatory missile barrage against Israel on Tuesday evening.

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Renew Economy Wednesday, October 2, 2024 - 18:59 Source
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Renew Economy Wednesday, October 2, 2024 - 18:47 Source
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Renew Economy Wednesday, October 2, 2024 - 18:41 Source
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MacroBusiness Wednesday, October 2, 2024 - 17:45 Source

‘Beneath the peaks, Grampians’, Arthur Streeton 1921, AGNSW     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: 2 October 2024 appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, October 2, 2024 - 16:41 Source

While private Chinese investment into Australia seriously lags, there are unparalleled opportunities for Australia-China collaboration in zero-emissions industries – if we get the policy settings right. A new report by independent think tank Climate Energy Finance (CEF), Green capital tsunami: China’s >$100 bn outbound cleantech investment since 2023 turbocharges global energy transition, calculates that Chinese…

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Your Democracy Wednesday, October 2, 2024 - 16:30 Source

France is not ruling out deploying troops to Ukraine, the country's European Affairs Minister Benjamin Haddad has said, insisting that President Emmanuel Macron stands by his previous statements on the issue. The EU “has a duty to further support Ukraine” in its conflict with Russia, Haddad insisted.

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The Australian Independent Media Network Wednesday, October 2, 2024 - 16:19 Source

The National Health Services Union has strongly endorsed an open letter from Aged Care Minister Anika Wells to residential aged care providers, which calls out the sector’s lack of accountability. National Secretary Lloyd Williams praised Minister Wells’ initiative: “This open letter is a crucial step towards addressing the longstanding issues in our aged care system.…

The post Aged care providers must not shirk scrutiny appeared first on The AIM Network.

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George Monbiot Wednesday, October 2, 2024 - 15:56 Source

An astonishing thing is happening at sea, but the government, backed by an entire “scientific” discipline, seems determined to stifle it.

By George Monbiot, published in the Guardian 27th September 2024

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Your Democracy Wednesday, October 2, 2024 - 15:20 Source

The context to my article below is today’s extreme media, and Dutton’s and the Albanese government’s hysteria regarding the appearance of the Hezbollah flag at this week’s protest against the Gazan genocide and bombing of Beirut in Melbourne.

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Renew Economy Wednesday, October 2, 2024 - 14:42 Source
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Renew Economy Wednesday, October 2, 2024 - 14:30 Source
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Renew Economy Wednesday, October 2, 2024 - 14:26 Source
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MacroBusiness Wednesday, October 2, 2024 - 13:30 Source

The Reserve Bank of New Zealand is already battling deflation in the housing market, where prices nationally have declined 16.7% from their 2021 peak. This decline has lowered real inflation-adjusted house prices to pre-pandemic levels: Recent data suggests that the Reserve Bank could soon contend with falling prices elsewhere in the economy. The latest data

The post Reserve Bank could soon battle deflation appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 2, 2024 - 13:00 Source

  There are a lot of “potential” investors on my mailing list. Waiting for the right entry point into the market. Some have been there for almost a decade, watching, waiting and hoping that market valuations will revert to average. Stuck on the sidelines. The question is whether valuations should be structurally higher and interest

The post Does a flood of excess capital mean higher valuations? appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 2, 2024 - 13:00 Source

On Tuesday, the Australian Bureau of Statistics (ABS) released retail trade data, which posted a solid 0.7% gain in August following an upwardly revised 0.1% lift in July (previously reported as flat): Unseasonably warm weather and increased Father’s Day spending both contributed to the result, which easily exceeded economists’ expectations of a 0.4% rise. The annual rate of

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MacroBusiness Wednesday, October 2, 2024 - 12:30 Source

CoreLogic’s daily dwelling values index shows that Melbourne and Sydney values are lagging well behind the other major capital cities: Over the past 28 days, Melbourne dwelling values declined by 0.1%, whereas Sydney’s rose by 0.2%. By comparison, values rose by 1.4% in Perth, 1.1% in Adelaide, and 0.6% in Brisbane over the same 28-day

The post Melbourne and Sydney property prices weighed down by listings appeared first on MacroBusiness.

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Your Democracy Wednesday, October 2, 2024 - 12:20 Source

A senior US Army officer has emphasised the importance of strategic allies like Australia for building collective military strength to deter adversaries including China, while warning local defence and industry officials that a "fight is coming".

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MacroBusiness Wednesday, October 2, 2024 - 12:00 Source

Having spectacularly rung the bell at the bottom a few weeks ago, Ray Dalio is back with more bad advice on China. Last week, China’s leadership—including President Xi Jinping, the Politburo, the CSRC, and the PBoC—clearly 1) announced a reflationary barrage of fiscal and monetary policies and 2) made statements in support of free markets

The post China will never do “whatever it takes” appeared first on MacroBusiness.

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