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MacroBusiness
Friday, September 13, 2024 - 13:00
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Perth’s property market has undergone a massive boom, surging by 76% from the beginning of the pandemic in March 2020, according to PropTrack. Despite the boom, Perth home values are still comparatively “affordable” with a median value of $751,000 in August, compared to $861,000 throughout the Australian combined capital cities: This relative affordability means that The post Forever boom predicted for Perth property appeared first on MacroBusiness. |
The Australian Independent Media Network
Friday, September 13, 2024 - 12:49
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By Denis Hay Description Examine why Australia questions aged care funding but not military spending, despite the country’s monetary sovereignty. Introduction Australia is grappling with rising demands for aged care services as its population grows older, leading to a $5.6 billion reform package to improve the sector. Yet, every dollar given to aged care is… The post Why Aged Care Funding Scrutinised, but Military Spending Not appeared first on The AIM Network. |
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MacroBusiness
Friday, September 13, 2024 - 12:30
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The NSW Productivity Commission has touted higher towers, smaller homes, and fewer car spaces as the solution to the state’s housing crisis: “Higher-density zones around train stations would double in size… The NSW productivity commissioner is also recommending design standards be relaxed to allow the construction of smaller apartments without access to parking, storage or |
Renew Economy
Friday, September 13, 2024 - 12:14
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MacroBusiness
Friday, September 13, 2024 - 12:00
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My god, how much harm can one industry-captured think tank do? The east coast is locked in a perpetual energy crisis in part because the gas cartel-sponsored Grattan Institute recommended no domestic reservation when LNG export terminals opened. Rather than address the crisis, the VIC government has undertaken the pointless and expensive distraction of forcing |
MacroBusiness
Friday, September 13, 2024 - 11:30
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Last month, the Australian Energy Market Operator (AEMO) released updated energy supply and demand predictions for the next decade. According to AEMO, a delayed adoption of battery-electric cars (EVs) will reduce demand on the electric grid. In December, AEMO anticipated that seven million electric vehicles would be sold over the next 10 years. But that The post Australia’s EV targets are “complete nonsense” appeared first on MacroBusiness. |
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MacroBusiness
Friday, September 13, 2024 - 11:00
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Victoria has recorded a sharp increase in applications for social housing. In the three months to June 2024, 51,602 applications for social housing were received, up from 48,620 in the March quarter. The jump in social housing applications comes amid new Australian Institute of Health and Welfare (AIHW) data showing that Victoria has the lowest share The post Victoria leads nation into homelessness appeared first on MacroBusiness. |
Renew Economy
Friday, September 13, 2024 - 10:40
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Renew Economy
Friday, September 13, 2024 - 10:36
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MacroBusiness
Friday, September 13, 2024 - 10:30
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This week, the Australian Bureau of Statistics released monthly net permanent and long-term arrivals data, which revealed that immigration into Australia remains turbo-charged: The opposite is playing out across the pond in New Zealand, where immigration is easing rapidly amid a significant outflow of New Zealand residents to other nations, most notably Australia. As illustrated The post New Zealanders are fleeing to Australia appeared first on MacroBusiness. |
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MacroBusiness
Friday, September 13, 2024 - 10:00
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The Market Ear with more on my great bubble hope. Blowing bubbles This is nothing compared to the late 90s. BofA writes: “The tech bubble lasted 5 years and withstood 2 major shocks (in 1997 & 1998), 100bps of rate hikes and a bear market while still delivering over 80% returns in the final 2 The post AI bubble is back! appeared first on MacroBusiness. |
xkcd.com
Friday, September 13, 2024 - 10:00
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MacroBusiness
Friday, September 13, 2024 - 09:30
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SHFE and SGX bounced yesterday: Mad Dalian went further: Has anything changed to make $90+ iron ore viable? Yeh, it’s gotten worse. Westpac: We suspected that the recent bounce in iron ore prices back into the low $100s would be temporary before prices moved back down to $90 and then into the mid- $80s. Through The post Another iron ore dead cat bounce appeared first on MacroBusiness. |
Renew Economy
Friday, September 13, 2024 - 09:04
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The Australian Independent Media Network
Friday, September 13, 2024 - 09:03
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Centre for Future Work Media Release The Australian Government should leverage its position as financier of renewable energy projects to guarantee strong labour standards in new energy and manufacturing jobs, according to a new report by the Australia Institute’s Centre for Future Work. According to the report, ‘Strings Attached: How Industry Policy Could Strengthen Labour… The post Public money for renewables should come with strings attached: report appeared first on The AIM Network. |
MacroBusiness
Friday, September 13, 2024 - 09:00
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The USD fell out of bed as the ECB cut rates as stock markets were green all across the board in response. The US PPI came in a bit softer than expected which added to the speculation of a broader cut by the Fed. Wall Street continued with its rebound, again led strongly by tech The post Macro Morning appeared first on MacroBusiness. |
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Your Democracy
Friday, September 13, 2024 - 08:57
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THE SWIFT FACTOR — IT LOOKS LIKE GUS HIT A RAW NERVE AND THE READERSHIP HAS BUCKLED TO (IGNORED) MY POST ON TAYLOR SWIFT SUPPORTING KAMALA BEING ASSOCIATED WITH THE WARMONGERS LIKE CHENEY AND BOLTON — WHILE MAKING A STRANGE SIDE-REMARK ON ABORTION…
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MacroBusiness
Friday, September 13, 2024 - 08:35
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Treasurer Jim “chicken” Chalmers needs a pat on the back. He’s finally delivered interest rate relief. The problem is it is in Europe, not Australia. The reason? Treasurer Jim “chicken” Chalmers’s energy cowardice. Back in 2022, when first elected, the new Labor government sat on its hands as the Ukraine War began and the global The post Chalmers delivers Aussie rate cuts to Europe instead appeared first on MacroBusiness. |
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MacroBusiness
Friday, September 13, 2024 - 08:00
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India is now Australia’s second largest international student source after experiencing explosive growth in recent years. Various migration pacts signed between Australia and India have facilitated the growth of Indian students, offering greater opportunities to study, work, and live in Australia. These include: The Australia-India Economic Cooperation and Trade Agreement (ECTA), signed by the former Coalition |
Your Democracy
Friday, September 13, 2024 - 07:48
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Washington wants to see Kiev win the conflict against Moscow and join NATO, US Secretary of State Antony Blinken has said. Blinken is visiting Kiev with his British counterpart, David Lammy, to reiterate Anglo-American support for Vladimir Zelensky’s government. |
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Your Democracy
Friday, September 13, 2024 - 06:38
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https://www.youtube.com/watch?v=moaP1EdcPVk Dr. Gilbert Doctorow: Russian Politics and the Ukraine War
MEANWHILE: FROM LARRY JOHNSON |
MacroBusiness
Friday, September 13, 2024 - 00:10
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Last decade saw an unprecedented number of high-rise apartment complexes constructed across Australia. A litany of structural defects uncovered in a 2019 Four Corners investigation entitled “Cracking Up” and elsewhere accompanied the high volume of apartments. “We’ve got a real problem here. It’s systemic and it’s infecting lots of buildings across the landscape, in all |
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The Australian Independent Media Network
Thursday, September 12, 2024 - 20:10
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By Bruce Wolpe The prosecutor put the convicted felon away. First, Kamala Harris made her case on where she wants to take the country. The polls have been telling Harris the voters do not know her well enough. She got the message and provided more depth on the economy, on energy, and on America’s leadership… The post Kamala sliced Trump like sashimi, when he wasn’t doing it himself appeared first on The AIM Network. |
Renew Economy
Thursday, September 12, 2024 - 19:49
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The Tally Room
Thursday, September 12, 2024 - 19:07
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The Australian Electoral Commission today announced the final decisions on boundaries for the NSW federal redistribution. As with the Victorian and Western Australian announcements last week, the AEC is yet to publish maps, digital boundary files or SA1 data. With the council election coming up this weekend, I’m not going to try to produce new estimates until the official determination on October 10, when that other data should become available. |
THE BLOT REPORT
Thursday, September 12, 2024 - 19:05
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Having sold our house, getting rid of stuff before the removalists arrived, and moving out, we are now ‘of no fixed address’. To take advantage of the situation, we have been on a road trip in northern New South Wales for a couple of weeks and a couple of thousand kilometres (with another week to go), visiting friends, relatives and colleagues, and have had only intermittent access to the internet. As a consequence, with all that palaver, as well as all the driving, I have written almost nothing in the last month. However, now I am getting back into it. |
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MacroBusiness
Thursday, September 12, 2024 - 18:00
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US inflation came in low. Services are still running hot, but that is mostly driven by housing costs. It would seem that the housing costs in CPI are probably overstated. See tables: Rental inflation, the largest part of services inflation, is still running hot in the report. This is at odds with what participants are The post US inflation only held up by housing appeared first on MacroBusiness. |
Your Democracy
Thursday, September 12, 2024 - 17:47
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Sept 11 (Reuters) - Pop megastar Taylor Swift drew more than 9 million "likes" to her Instagram post backing Vice President Kamala Harris for president from celebrities that included Jennifer Aniston, U.S. basketball star Caitlin Clark and Selena Gomez. |
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The Australian Independent Media Network
Thursday, September 12, 2024 - 17:34
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By Noel Wauchope The tangled nuclear web of lies and half-truths – can we believe that Australia will refuse to take USA toxic wastes? Today comes one of those amazing bits of news that a national government, in this case, Australia it seems, has actually listened and responded to the many voices of peace and environment… |
MacroBusiness
Thursday, September 12, 2024 - 16:30
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Asian share markets are finally catching the positive mood from Wall Street helped along by some very supportive comments from the BOJ, inciting depressed Japanese shares to soar higher. The USD remains very strong against all the majors in the wake of the CPI print although the Australian dollar is finding life as it almost The post Macro Afternoon appeared first on MacroBusiness. |
