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The Australian Independent Media Network
Tuesday, October 1, 2024 - 09:54
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Anura Kumara Dissanayake, known with convenient laziness as AKD, became Sri Lanka’s latest president after a runoff count focusing on preferential votes. The very fact that it went to a second count with a voter turnout of 77% after a failure of any candidate to secure a majority was itself historic, the first since Sri… The post Presidential Marxism: AKD and the Sri Lankan Elections appeared first on The AIM Network. |
MacroBusiness
Tuesday, October 1, 2024 - 09:52
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DXY is holding. EUR is poised for beakout: AUD is putting in a series of candles: North Asia is fading: Oil held on as the Levant burns: Metals flamed out: Miners topped: EM too: Junk is a one way bull train: Yields firmed: Stocks too: The news is European inflation is cooked now too and The post Australian dollar to peak as Europe cuts rates appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, October 1, 2024 - 09:30
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SHFE and SGX were outright hysterical yesterday but the latter flamed out overnight: There’s no improvement in steel mill margins here: However, there was improvement in the Steel PMI: Don’t ask me if the short squeeze is over. It is one the craziest I have seen. With China on holiday for a week, maybe the The post Iron ore face ripper reverses appeared first on MacroBusiness. |
The Tally Room
Tuesday, October 1, 2024 - 09:30
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This is a very quick blog post as I am catching up on stuff that has been happening while moving house. On the very day that I moved house, nominations were announced for the ACT election. I won’t be doing a lot on this specific candidate announcement, but the final lists of candidates have now been published on my election guide. |
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MacroBusiness
Tuesday, October 1, 2024 - 09:00
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Last night saw a general absence of tier one economic prints but some key speeches from Fed members including Chair Powell which netted a gain for USD and a selloff in Treasuries as he indicated two more rate cuts are likely on the way. Wall Street followed the very soft mood in Europe but a The post Macro Morning appeared first on MacroBusiness. |
Cheeseburger Gothic
Tuesday, October 1, 2024 - 08:49
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New neighbours moved in next door and I fear they are a share house. Yes, yes, I am aware of the hypocrisy. But I'm also aware of what having a share house next door to you means. For one thing, it means I had to get a sleep mask. The last owners installed a security lighting system as part of their very dodgy effort to add a bit of value to the property, and this thing goes off all night long. Possums, cats, birds, the wind in the willows, any kind of movement at all and we get prisoner-of-war camp searchlights beaming directly in through the bedroom window. |
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MacroBusiness
Tuesday, October 1, 2024 - 08:00
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CoreLogic’s September housing market report shows that the national rental index increased by only 0.1% over the September quarter, the smallest change over a rolling three-month period in four years. Rents fell in Sydney (-0.5%), Brisbane (-0.2%), and Canberra (-0.8%) during the quarter, and rental growth slowed in most other capitals. Rents in Melbourne and |
Your Democracy
Tuesday, October 1, 2024 - 07:38
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In the Progressive International's 38th Briefing of 2024, we bring you news from Lebanon and the spiraling illogic of “de-escalation by escalation”. If you would like to receive our Briefing in your inbox, you can sign up using the form at the bottom of this page. 1978. 1982. 2006. 2024. |
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The Australian Independent Media Network
Tuesday, October 1, 2024 - 07:15
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Quit Nukes / The Australia Institute Media Release A new report has found that despite claiming not to invest in ‘controversial weapons’ 13 of the top 14 Australian super funds are still investing in nuclear weapons companies, in some cases even in an option described as ‘responsible’. One of the 14, Hostplus, has excluded nuclear… The post Big Super is still investing in nuclear weapons: report appeared first on The AIM Network. |
MacroBusiness
Tuesday, October 1, 2024 - 07:00
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Stephen Wu, senior economist at CBA, has published research showing how Australians are overwhelmingly using the extra disposable income from the Stage 3 tax cuts to pay down debts. Wu notes that the growth in total salaries and wages paid into CBA bank accounts has picked up since the tax cuts took effect in July. The post Frugal Aussies use tax cuts to pay down debts appeared first on MacroBusiness. |
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Your Democracy
Tuesday, October 1, 2024 - 01:50
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For years now, Fox News and other right-wing media have warned about an invasion of “illegal aliens” into the United States that supposedly threatens national security. Donald Trump catapulted himself to the presidency in 2016 by vowing to crack down on illegal immigration and to build a border wall, which the Biden administration has extended.
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Your Democracy
Tuesday, October 1, 2024 - 01:25
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The following speakers shared their insights on Saturday afternoon in Kingston, New York on how to restore the peace and freedom that has been robbed from us by politicians…
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Your Democracy
Tuesday, October 1, 2024 - 01:14
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Britain goes full Orwell accusing Putin of imperialismForeign Secretary David Lammy launched into a weird rant against Russia, accusing it of the crimes Britain has committed... |
MacroBusiness
Tuesday, October 1, 2024 - 00:10
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The National Bank of Canada has released stunning data showing the extent to which government spending is holding up Canada’s economy while still shrinking at an alarming rate per capita. According to the National Bank of Canada, per capita “GDP has seen a cumulative decline of 3.9% since its peak in 2022, the first time The post Canadian and Australian economies live off the public teat appeared first on MacroBusiness. |
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Renew Economy
Monday, September 30, 2024 - 20:02
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Renew Economy
Monday, September 30, 2024 - 20:00
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Your Democracy
Monday, September 30, 2024 - 19:09
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The freedom for individuals to choose their sources of information makes it difficult to govern effectively, former US Secretary of State John Kerry has said. Speaking at a World Economic Forum (WEF) panel on Green Energy last week, Kerry criticized the First Amendment of the US Constitution, which protects freedom of speech and the press. |
Your Democracy
Monday, September 30, 2024 - 18:04
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Renew Economy
Monday, September 30, 2024 - 18:03
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MacroBusiness
Monday, September 30, 2024 - 16:30
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Chinese stocks have soared higher in one of their best one day performances in a decade as traders don’t want to miss out before the week long holiday. The reaction to the PBOC stimulus has been considerably overdone but not yet stopped! Local shares gained in sympathy while Japanese shares slumped on the back of The post Macro Afternoon appeared first on MacroBusiness. |
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The Australian Independent Media Network
Monday, September 30, 2024 - 15:31
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By Denis Hay Description An Australian currency sovereignty government can improve social services instead of focusing on a budget surplus. Learn why in this comprehensive guide. Introduction Australia, with sovereignty over its currency, has the unique ability to manage its economy differently from countries that do not control their money supply. Yet, the Australian government… The post Why a Currency Sovereignty Government Should Fund Services appeared first on The AIM Network. |
The Australian Independent Media Network
Monday, September 30, 2024 - 14:10
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Productivity Commission Media Release Labour productivity fell by 0.8% across the economy in the June quarter, but rose by a modest 0.5% over the year to June 2024. This marks a return to the weak productivity growth trend of the five years leading up to the COVID-19 pandemic. “During the pandemic, aggregate productivity rose but… The post Australia’s productivity deadlock persists appeared first on The AIM Network. |
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MacroBusiness
Monday, September 30, 2024 - 14:00
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The Real Estate Institute of New Zealand’s (REINZ) House Price Index (HPI) reported a 16.7% decline nationwide from the market peak in 2021. This has brought real inflation-adjusted housing prices back to pre-pandemic levels at the start of 2020. The Reserve Bank of New Zealand commenced an interest rate easing cycle last month with an The post Reserve Bank rate cuts won’t stop house prices from falling appeared first on MacroBusiness. |
Renew Economy
Monday, September 30, 2024 - 13:37
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MacroBusiness
Monday, September 30, 2024 - 13:30
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Assistant Minister for Immigration, Matt Thistlethwaite, said the quiet part out loud in a recent speech to the Sydney Institute. Thistlethwaite admitted that over recent decades, Australia’s immigration program has provided minimal economic benefits and lowered liveability in our major capital cities. “For many decades Australia has not had a migration strategy”, Thistlethwaite said. “Migration |
MacroBusiness
Monday, September 30, 2024 - 13:00
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Goldman with the note. The August core PCE price index rose by 0.13% month over month, while the year-over-year rate edged up to 2.68%. Core services excluding housing increased 0.16% and market-based core PCE increased 0.15%. Both personal spending and income increased by 0.2% in August. The saving rate edged down to 4.8% from an The post US inflation is whipped appeared first on MacroBusiness. |
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MacroBusiness
Monday, September 30, 2024 - 12:30
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So much for the grand plan for national development: Peter Dutton says it is “completely unacceptable” that no arrests and visa cancellations have happened since the protests in Melbourne and Sydney on Sunday where some waved Hezbollah flags or portraits of slain terrorist leader Hassan Nasrallah. On both sides: Australia has suggested the world should set “a The post Multicultralism disintegrates appeared first on MacroBusiness. |
MacroBusiness
Monday, September 30, 2024 - 12:17
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When a picture is worth a thousand words: The only thing I can compare the violence of this move to is when iron ore fell to $37 in early 2016. Though obviously the other way around. What a squeeze. Aussie miners selling into it. The post Iron ore goes bananas appeared first on MacroBusiness. |
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Renew Economy
Monday, September 30, 2024 - 12:01
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MacroBusiness
Monday, September 30, 2024 - 12:00
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If you want housing affordability, then raze Canberra because it is not coming otherwise. Labor has a suite of policies stuck in the senate designed to inflate the bubble: Corproitizing rents to embed price inflation. Shared equity ponzi scheme to dive prices crazy. Building far too few houses. These come on top of its wildly The post Major parties compete to blow housing bubble into outer space appeared first on MacroBusiness. |
