Blogotariat

Australian consumers have been trapped in a recession. The March quarter national accounts showed that real per capita household consumption has been negative for seven consecutive quarters on an annual basis, down 2.4% from its peak. As illustrated below by CBA, the Australian consumer is the largest component of the economy. And the sluggish pace

The post RBA rate cuts pull Aussie consumers out of recession appeared first on MacroBusiness.

Are we getting somewhere? The Australian. The top Abu Dhabi executive spearheading its $30bn Santos takeover has opened crunch talks with the Australian Workers Union which took aim at Santos’s venture in Gladstone for sucking up third party gas to meet its LNG export contracts. Mohamed Al Aryani, president of international gas at ADNOC’s XRG,

The post Unions must embrace Peter Dutton’s gas reservation appeared first on MacroBusiness.

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.

Risk markets loved Fed Chair Powell’s long awaited speech at the central back fest at Jackson Hole with a dovish tilt seemingly suggesting that the Federal Reserve will cut rates in September, but only if inflation remains contained from the Trump regime’s tariffs. The hint gave Wall Street the signal to buy after five straight

The post Macro Morning appeared first on MacroBusiness.

Executives at Walt Disney Studios are reportedly pressing Hollywood creatives for movie ideas that will bring young men back to the theaters. According to Variety, Disney is hoping to get Gen Z men, which it defines as ages 13 to 28, interested in original films.

When I was growing up in central Pennsylvania, my working-class family took vacations to places we could drive to—for example, Pine Creek Gorge upstate, better known to locals as the Pennsylvania Grand Canyon, or Delaware, where an aunt and uncle lived on the way to Rehoboth Beach. To this day, neither of my parents have been on an airplane, or west of the Mississippi River. The first time I flew anywhere was the summer after I graduated from college.

Australia's Biggest Whinger | Scam of the Week

https://www.youtube.com/watch?v=IC4h1s5qwyA

I was forced to work with a workplace psychopath for a decade or so. Most of the time, it had little effect, because my day-to-day work was something he knew little about and I was largely left to my own devices. However, there were a few times when we interacted. We edited a book some years ago, and as I was an experienced editor, I did most of the work compiling the volume. He wrote the two page foreword.

Convicted sex trafficker Ghislaine Maxwell, who is seeking a pardon from Donald Trump, told top Justice Department officials during an interview last month that she never witnessed the president “in any inappropriate setting” with girls introduced to him by disgraced financier Jeffrey Epstein.

Nationals leader says party will still push for nuclear power, to protect food security and the environment.

I have entered the age of incomprehension

Possibly because of the infernal confusion

Up there in my old lofty pigeon

Due to a blow from a truncheon

Not even wearing an hearing aid

Would sort this inner devil afraid

Did she say a bunch of arseholes 

Or announced the next batch of households

Should I say I am too old for this piss

As Donald trumpets talks of peace

When I understand nothing any more