Blogotariat

Last month, former independent senator for South Australia, Rex Patrick, published an explosive report at MichaelWest.com.au explaining how the federal government and the Administrative Appeals Tribunal (AAT) had blocked a gas reservation options paper finalised in the dying days of the former Coalition government. The primary reason why this options paper was blocked is because

State governments are no longer contributing to inflation. They are withdrawing from GDP, according to ANZ: Tasmania’s 2024-25 budget was the final state budget to be released. It showed cumulative budget deficits between 2023-24 and 2026-27 tripled to over $3.1bn compared with the 2023-24 Revised Estimates Report from February. Our chart of the week shows

The post Worst treasurer ever appeared first on MacroBusiness.

I noted last week how the latest net permanent and long-term arrivals data from the Australian Bureau of Statistics (ABS) has reported record net arrivals so far in 2024: As shown above, there were 335,184 net arrivals in the first seven months of 2024, 15,361 higher than last year’s record arrivals and 110,175 higher than

The post Australia’s population growth reaccelerates appeared first on MacroBusiness.

The Chinese economy is sinking faster and Bloomberg has become desperate: China’s economy lost momentum in August as activity cooled across the board, pointing to mounting risks to achieving the government’s annual growth target. Measures of factory output, consumption and investment all slowed more than economists had forecast, while jobless rate unexpectedly rose to a

The post Chinese economy sinks faster appeared first on MacroBusiness.

Friday night saw another broad advance across European and American stocks, taking back their previous weekly loss to keep September a scratch month so far. The mid week CPI print was followed up by a more supportive consumer sentiment print that initially saw USD go lower against the majors before a very late push higher

The post Macro Morning appeared first on MacroBusiness.

This week marks 23 years since George W. Bush declared a U.S.-led “war on terror” and the people of Afghanistan and Iraq are still suffering its consequences.

Victorians are facing decades of debt servitude thanks to the incompetence of the state government. A decade of excessive spending on bureaucrats, tens of billions of dollars in infrastructure cost overruns, and pandemic lockdown expenses have left Victoria with the country’s highest state government debt and the lowest credit rating: Former Treasury economist Stephen Anthony

The post Victoria on track to financial crisis appeared first on MacroBusiness.

Before resigning as Victorian Premier last year, Daniel Andrews announced a fantastical target to build 800,000 homes across the state over a decade, equating to 80,000 homes annually. As illustrated in the next chart, the most homes Victoria has ever built in a single 12-month period was 69,972 homes in the year to September 2017:

The post Melbourne’s impossible housing challenge appeared first on MacroBusiness.

Die meisten Publikationen, die sich dem Schicksal der Juden in Deutschland annehmen, haben primär den Zeitraum zwischen 1939 und 1945 im Blick. Dieses Buch ist anders: Es setzt weit früher an und widmet sich vornehmlich der Frage nach der Entstehung des deutsch-jüdischen Dilemmas.

Property advisory firm Charter Keck Cramer released a report entitled State of the Market Report H1 2024, which warned that the volume of new apartments launched across Australia is tracking at its lowest level in 15 years. The report notes that development conditions in Sydney are problematic, hindered by poor affordability, financial constraints, high land

The post Why Australia’s housing crisis will worsen appeared first on MacroBusiness.

By James Moore   We were somewhere over America at 35,000 feet and moving along at well over 500 nautical miles per hour. I do not remember the location but I do recall the conversation. The flight was out of a western U.S. city and was eastbound with the Republican candidate for president and a fuselage…

The post A Culture of Cowardice appeared first on The AIM Network.

This blog post includes a summary of the state of the race for the 27 councils with a population of 95,000 or more. The first few were also posted in the live blog overnight but for convenience I’ve included them here again.

I have a few summary thoughts first: