Blogotariat

There will be no making Australia great again under Albo: Anthony Albanese is moving to cash in on the economic uncertainty created by the election of Donald Trump by telling regional business leaders Australia is both a safe investment option and a secure and trusted trading partner. In a speech to business leaders on the sidelines of

The post Albo sells out Australia in Peru appeared first on MacroBusiness.

Plans to build a 250MW solar farm and four-hour 150 MW battery energy storage system in NSW have been given state approval.

Hysterical markets, which are never wrong, are readying for a CBA Death Star takeover of the far larger planet Google. The growthless mortgage zombie has an astonishing NTM of 26x versus Google’s modest 20x for 15-20% profit growth. Admittedly, the CBA’s Death Star valuation only delivers a market cap of $259bn versus Alphabet’s $3tr, but

The post CBA Death Star approaches Google takeover appeared first on MacroBusiness.

Independent economist Tarric Brooker has posted an analysis estimating the shortfall of Australian housing over the pandemic. Brooker has assumed two scenarios, explained below. The Ideal World Scenario: Not one dwelling completion in the last 5 years is a knockdown rebuild or development (in reality 10-15% are). Not one newly completed home will sit empty

The post There’s no end to Australia’s housing shortage appeared first on MacroBusiness.

Steel futures are fading away. As are iron ore futures. Dalian too. Coking coal is more advanced. CISA mill output for early November was pretty good but inventories are high. Scuttlebutt is nervous. Mounting stocks of the steelmaking material at China’s major ports stands in stark contrast to the underperformance of imported iron ore prices

The post Iron ore fades away appeared first on MacroBusiness.

US President-elect Donald Trump will nominate Robert F. Kennedy Jr. to be his Secretary of Health and Human Services (HHS), declaring that the former Democrat will ensure that “everybody will be protected from harmful chemicals [and] pollutants.”

When I opened my computer I had a plan to do something important like pay a bill or check my emails or … Whatever, before I did that, I decided to check Facebook and I got a wee bit distracted. Post after post seemed appropriate to some of the things I’ve been thinking lately, and…

The post All My Friends And Facebook Showed Me That I’m Completely Right… appeared first on The AIM Network.

MORE TO COME....

YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.

“It’s hard to do cartoons without shedding tears…”

         Gus Leonisky

Why did Harris lose? Fareed's take: Democrats blew it by making three big mistakes—not taking immigration concerns seriously enough, rallying around prosecutions of Trump, and elevating identity politics

DXY and EUR both put in big candles overnight as the Trump trade got unruly. AUD fell again. The uptrend is gone. North Asia is a powder keg but the PBoC is now trying to slow CNY. Gold is oversold. Oil remains vulnerable. Copper also put in a candle. Miners are out. EM is out.

The post Australian dollar dead cat bounce appeared first on MacroBusiness.

The June quarter national accounts showed that Australia’s labour productivity (GDP per hour worked) fell to 2016 levels, driven by the non-market sector. Australia has also experienced the most significant decline in GDP per hour worked since Q1 2018 out of advanced English-speaking nations and Europe. Australia’s productivity decline followed an astronomical rise in non-market

I was reading some polemic from Bettina Arndt recently about women taking over the legal profession, especially in the Family Law sphere, so I thought I would the check the facts. This is my modus operandi. Read polar views on an issue (I also consult Ourwatch and White Ribbon) but then check the facts to see who deceive and lie (which these days go under the Orwellian names of “mis” and “dis” information).