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Renew Economy
Monday, February 10, 2025 - 13:57
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MacroBusiness
Monday, February 10, 2025 - 13:30
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The 2025 Eldelman Trust Barometer has been released. It is the firm’s 25th annual globally deployed online survey of the general population, seeking to understand why people hold the views they do. This year’s survey showed a significant decline in trust in Australia in business, government, and the media. As illustrated below, Australians’ overall Trust Index |
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MacroBusiness
Monday, February 10, 2025 - 13:00
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The unthinking tank of corruption, The Grattan Institute, has coughed up another beauty today. A growing number of Australian retirees risk falling into homelessness because they can’t afford to pay rent, said a new report aimed at lawmakers preparing to fight an election on housing and cost-of-living. The rising cost of rent, falling rates of The post Grattan throws elderly onto streets appeared first on MacroBusiness. |
MacroBusiness
Monday, February 10, 2025 - 12:30
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The iron ore jaws resemble a yawning hippo now. Steel production is still terrible, though LNY distortions are an issue. Notably so in demand. Property sales appear to have re-cratered. Iron ore appears to be levitating on seasonal tailwinds alone. The post Iron ore jaws open wide appeared first on MacroBusiness. |
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MacroBusiness
Monday, February 10, 2025 - 12:00
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According to Mark The Graph on Twitter (X), Australia’s betting markets have lurched strongly in favour of a Coalition win at the upcoming federal election. As of Saturday, before the latest Victorian by-election results, the betting market had Labor on $2.62 and the Coalition on $1.50. The probability of a Coalition election win had also The post Betting markets firm for Coalition election win appeared first on MacroBusiness. |
Renew Economy
Monday, February 10, 2025 - 11:51
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Renew Economy
Monday, February 10, 2025 - 11:49
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Renew Economy
Monday, February 10, 2025 - 11:49
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MacroBusiness
Monday, February 10, 2025 - 11:30
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I feel nauseated every time I smell cigarette smoke. My mother was a heavy smoker, and the persistent odour of smoke is one of my most unpleasant childhood memories. Mum stopped smoking 13 years ago, but the resulting emphysema has drastically reduced her quality of life. Despite this, I was never in favour of taxing The post Dumb tax policy is fuelling organised crime appeared first on MacroBusiness. |
MacroBusiness
Monday, February 10, 2025 - 11:00
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Westpac joins the doves. December quarter CPI surprises to the downside In our CPI Preview, we noted that the risk to our December quarter CPI and Trimmed Mean estimates were to the downside. That risk ended up materialising, with the CPI increasing just 0.2%qtr/2.4%yr (Westpac f/c: 0.3%qtr/2.5%yr) while the Trimmed Mean rose 0.5%qtr/3.2%yr (Westpac f/c: The post RBA overshoots target appeared first on MacroBusiness. |
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xkcd.com
Monday, February 10, 2025 - 11:00
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John Quiggin
Monday, February 10, 2025 - 10:49
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Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. |
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Renew Economy
Monday, February 10, 2025 - 10:37
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MacroBusiness
Monday, February 10, 2025 - 10:30
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China is out of deflation! This is voucherflation as Beijing did giveaways in travel and white goods. Food helped. The PPI is wall-to-wall weakness. Inflation numbers were also boosted by the earlier LNY and will be given back in February. Deflation in China is forever now. The post Chinese deflation fixed! Not appeared first on MacroBusiness. |
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Your Democracy
Monday, February 10, 2025 - 10:11
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The billionaires, Christian fascists, grifters, psychopaths, imbeciles, narcissists and deviants who have seized control of Congress, the White House and the courts, are cannibalizing the machinery of state. These self-inflicted wounds, characteristic of all late empires, will cripple and destroy the tentacles of power. And then, like a house of cards, the empire will collapse.
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MacroBusiness
Monday, February 10, 2025 - 10:00
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Justin Fabo from Antipodean Macro posted the following update on labour productivity across major advanced nations. As you can see, Australia has recorded zero labour productivity growth since 2016, the worst performance of the nations sampled. While the precise causes of the Australian economy’s productivity decline are debatable, I attribute four primary drivers. First, the |
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Cheeseburger Gothic
Monday, February 10, 2025 - 09:57
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I had a Sunday gig at the Australian Film Institute’s AACTA Festival down at Surfers Paradise and decided I’d try the train rather than driving there and back. The train to the coast doesn’t really go to the coast. You don’t finish up at the beach but in the hinterland. Nerang in my case. But thanks to the last election, the fare was only fifty cents, and there’s no road congestion to deal with so… I gave it a go. It was… pretty good. |
Your Democracy
Monday, February 10, 2025 - 09:34
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There is a marked immaturity in the reporting of opinion polls and other political developments in Australia at the moment. I see problems in two main categories. First is the seemingly endless pursuit of uniquely Australian explanations for what are obviously global trends. |
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The Tally Room
Monday, February 10, 2025 - 09:30
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Elections are held for Tasmania’s upper house every year, usually in May. I’ve now finished my guide to the three races to be contested this year. Read the guide here. Two to three seats are contested each year, with all 15 up for election over a six year cycle. So this year’s seats are those contested in 2019. As usual, these seats are all a bit different. One seat is in the north-west of the state, while the other two are in the Hobart area. |
MacroBusiness
Monday, February 10, 2025 - 09:30
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I hate Victoria. It’s dull, has terrible weather, it’s up itself, and utterly fake left. The one thing it is not is an energy bludger. The East Coast gas cartel and its mates in the press have spent years blaming VIC for gas shortages, and it’s total bullshit. VIC has been the gas powerhouse of The post Time to roll tanks over the gas cartel appeared first on MacroBusiness. |
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MacroBusiness
Monday, February 10, 2025 - 09:00
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Friday night saw a slightly weaker than expected jobs print from the US – aka the NFP or non farm payrolls – that saw some USD weakness but not across the board while Wall Street slumped again making for a two week low due to tech stocks. Don’t mention Tesla… The Australian dollar is still The post Macro Morning appeared first on MacroBusiness. |
MacroBusiness
Monday, February 10, 2025 - 08:16
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Goldman is still bullish DXY but not so bearish AUD. USD: Tariff-fried.We see three key takeaways from a frenzied week. First, the recent back and forth headlines have not altered our view that tariffs are coming and this will materially impact exchange rates. In fact, our economists now expect a larger increase in the effective The post Major bank: Australian dollar bottomed appeared first on MacroBusiness. |
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Your Democracy
Monday, February 10, 2025 - 07:19
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The catastrophic conflict between Israel and the Palestinians (the present “ceasefire” notwithstanding) has done nothing to relieve the centuries-old contradictions that exist between and within our three monotheistic religions: Judaism, Islam and Christianity.
Why doesn’t God save the day? By Eric Hunter
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Your Democracy
Monday, February 10, 2025 - 06:53
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https://www.youtube.com/watch?v=paNpI6zfnpM Richard Wolff: The FALL of the US Empire–US Denial, Europe Burns, BRICS & China Rise
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Your Democracy
Monday, February 10, 2025 - 05:44
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The catastrophe of the Ukraine War will leave a long trail of painful questions. Because this hubristic proxy confict has become such a pie-in-the-face fiasco for the West, there will be plenty of resistance to honest answers for a very long time. |
MacroBusiness
Monday, February 10, 2025 - 00:05
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Australia’s manufacturing sector has shrunk to just over 5% of GDP, the lowest share in the OECD. Late last month, federal Minister for Industry and Science Ed Husic spruiked Labor’s Future Made In Australia policy to boost local manufacturing. “In Labor’s first term in office, the policies have come thick and fast: the $15 billion The post Australia has no manufacturing future appeared first on MacroBusiness. |
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Renew Economy
Sunday, February 9, 2025 - 21:15
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John Quiggin
Sunday, February 9, 2025 - 18:39
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My latest from The Guardian =With the resumption of parliament this week, and an election only months away, we have seen even more of the usual point-scoring about the cost of living, tax breaks for long lunches and budget deficits. But since the return of Donald Trump to the White House, the assumptions on which Australian economic policy have always been based are obsolete. |
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Your Democracy
Sunday, February 9, 2025 - 09:07
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In recent decades, the West has witnessed a growing trend among increasingly hubristic US leaders to proclaim the United States as “indispensable.” This rhetoric reflects a mindset often seen in declining empires: the belief that their peak is yet to come, despite mounting evidence of decay.
America and the forgotten memento mori (remember you are mortal) By Les MacDonald |
Your Democracy
Sunday, February 9, 2025 - 08:27
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...These ideologies – and they include catastrophic climate change, diversity politics, #MeToo feminism and transgender rights, as well as critical race theory – are, in fact, deeply conservative, especially in their economic and political effects. Graham Hryce — Australian journalist and former media lawyer…
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