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MacroBusiness Wednesday, September 11, 2024 - 10:30 Source

The RBA really should give up trying to predict the future. It doesn’t have the brain power for it.  After weeks of the central bank telling us on every occasion it will not cut rates this year, along comes an oil crash: For Australia, this has the bonus of pressuring the gas cartel at the

The post Oil mugs RBA forward guidance appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 11, 2024 - 10:00 Source

In a turn up for the books, steel rose yesterday while iron ore fell: Mad Dalian is at new closing lows this morning: As is coking coal: The trigger may have been Chinese trade data which had soft iron ore imports on the month (and still rising inventories): And a rebound in steel exports: Crashing

The post Iron ore winter deepens appeared first on MacroBusiness.

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xkcd.com Wednesday, September 11, 2024 - 10:00 Source

Their calculations show it will 'pass within the distance of the moon' but that it 'will not hit the moon, so what's the point?'

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The Tally Room Wednesday, September 11, 2024 - 09:30 Source

Last week I wrote an analysis piece about the different shape of ballot papers in different parts of New South Wales – the urban areas and some large rural councils have above-the-line voting, small rural councils have a single column of ungrouped candidates, and there are some councils in between with a transitional mode.

I wanted to understand a bit more about below-the-line voting, at least in the places where a “line” exists.

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MacroBusiness Wednesday, September 11, 2024 - 09:30 Source

I noted on Monday how first home buyers were being crowded-out by investors and upgraders: The relative weakness of first home buyer demand is attributable to stretched affordability, reflected in the average loan size for first home buyers being well below upgraders and investors: Housing Minister Clare O’Neil posted on Twitter (X) that one in

The post Aussie first home buyers turn to welfare appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 11, 2024 - 09:00 Source

An unsettled risk complex overnight in the absence of economic events but looking through to tonight’s all-important US CPI print and probably just as volatile Presidential debate. Oil prices slumped to a three year low while Wall Street pressed forward with its rebound, albeit only led by tech stocks. European markets failed to follow through

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 11, 2024 - 08:30 Source

Independent economist Tarric Brooker posted the below analysis of the Australian Bureau of Statistics (ABS) Q2 2024 Labour Market Account, showing the extent to which the nation’s job growth is being driven by government roles: “Government-funded industry jobs are still being printed in huge numbers (268,000 YoY). There have only been 33,000 new market based

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The Australian Independent Media Network Wednesday, September 11, 2024 - 08:28 Source

By Roger Chao In the land of Terra Firma, where the sun doth brightly shine, There arose a curious sect, with a doctrine most divine. No robes of white, nor beads of prayer, nor incense filled the air, But suits of grey and tongues of gold preached salvation without care. Their temple was a boardroom,…

The post The Holy Creed of Carbonus Rex appeared first on The AIM Network.

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The Australian Independent Media Network Wednesday, September 11, 2024 - 08:09 Source

By Denis Hay Description: Election Lies and Political Misinformation Australia needs strong laws to stop election lies and media misinformation. Discover how citizens can push for change using Australia’s monetary sovereignty. Introduction In the lead-up to every election, Australians are bombarded with promises from politicians, particularly from the Liberal National Party (LNP), and narratives crafted…

The post Beware of Election Lies: Combat Political Misinformation appeared first on The AIM Network.

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Your Democracy Wednesday, September 11, 2024 - 07:21 Source

Peter Dutton has invoked the Tony Abbott-era campaign against the carbon tax to label Labor’s environmental and workplace laws the biggest assault on mining since Julia Gillard’s contentious emissions policy.

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MacroBusiness Wednesday, September 11, 2024 - 07:06 Source

DXY is firm again: AUD is not: North Asia was mixed: Oil broke at last: Metals will follow if it continues: Miners are a slow-motion train wreck: EM is over: Junk is still fine: The US yield trapdoor opened: Which helped save stocks: Lots of cross-currents here: Trump polling rallying into tonight’s debate is DXY

The post Australian dollar enters the Thunderdome appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 11, 2024 - 07:00 Source

Australian policymakers, think tanks, the media, and the property lobby want to force Australians to live in high-rise apartments to squeeze an additional 13.5 million people into the country over the next 39 years. For example, projections from the Urban Taskforce have Sydney’s dwelling composition transforming from a majority of detached houses in 2016 to

The post Australian apartments are a financial trap appeared first on MacroBusiness.

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Your Democracy Wednesday, September 11, 2024 - 06:37 Source
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Your Democracy Wednesday, September 11, 2024 - 05:45 Source

The famous Jewish banking family has been deeply involved in Ukraine's affairs since the 2014 coup d'etat, despite Ukraine embracing neo-Nazi collaborators as its national heroes.

Multinational asset firm Rothschild & Co was instrumental in the restructuring of Ukraine's $20+ billion debt in July 2024, according to Western press.

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The Australian Independent Media Network Wednesday, September 11, 2024 - 05:07 Source

By Jane Salmon Having been vilified and blocked for over a decade, asylum seekers needing permanent visas are NOT ok. The death by self-immolation of refugee activist Mano Yogalingam (on Wednesday 28 August 2024) barely attracted public comment and certainly nothing from the Minister. There have been several deaths and many trips to hospital for…

The post Refugees are NOT ok appeared first on The AIM Network.

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Your Democracy Wednesday, September 11, 2024 - 05:01 Source

The US, UK and other backers of Ukraine told Kiev to reject the deal reached at the 2022 Istanbul peace talks with Russia, former US under secretary of state Victoria Nuland has said.

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Your Democracy Wednesday, September 11, 2024 - 04:49 Source

 

Economic Update: Yanis Varoufakis on the Changing World Economy

https://www.youtube.com/watch?v=QMFhvHxi2NQ

 

 

SEE ALSO: 

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MacroBusiness Wednesday, September 11, 2024 - 00:10 Source

The Guardian reported last month on the widespread cheating at our universities, which was primarily due to the surge in international students: On Monday, Australia’s most international university, the University of Sydney, was embroiled in another cheating scandal involving hundreds of students: Hundreds of Sydney University students were accused of cheating before teachers received a

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Renew Economy Tuesday, September 10, 2024 - 21:44 Source
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Renew Economy Tuesday, September 10, 2024 - 20:31 Source
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The Australian Independent Media Network Tuesday, September 10, 2024 - 18:35 Source

Dear readers, have your two bob’s worth on tomorrow’s Harris-Trump debate. The debate is likely to be the verbal equivalent of a heavyweight bout. i can foresee Trump throwing wild punches and wild dummy spits: all of which fall well short of his target. He’ll do anything to disrupt the show. And as soon as…

The post The big debate: have your say appeared first on The AIM Network.

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The Australian Independent Media Network Tuesday, September 10, 2024 - 17:05 Source

By Roger Chao A Nation of Apologies Australia, land of Altjira, of oceans wild and skies untamed, Where stories of the Jukurrpa are told in songlines proclaimed. Yet underneath this broad expanse, this dust that shrouds our past in gold, Lies history’s wound, still open wide, beneath our feet, still damp and cold. And now,…

The post A Nation of Apologies appeared first on The AIM Network.

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The Australian Independent Media Network Tuesday, September 10, 2024 - 16:44 Source

Invention is the mother of necessity, and Russia’s response to largely Western-imposed economic and trade sanctions has shown the extent of that inventiveness. While enduring attritive punishment in its Ukraine campaign, the war remains sustainable for the Kremlin. The domestic economy has not collapsed, despite apocalyptic predictions to the contrary. In terms of exports, Russia…

The post Bypassing Sanctions: Russia, Trade Routes and Outfoxing the West appeared first on The AIM Network.

Read more Views: 140
MacroBusiness Tuesday, September 10, 2024 - 16:30 Source

A quiet but generally positive day for Asian share markets which haven’t translated the overnight bounce from Wall Street into anything exciting locally with all eyes on tomorrow night’s US CPI print. European stock futures are in fact down heading into the London open so risk remains quiet uneasy. Currency markets are still seeing a

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, September 10, 2024 - 16:11 Source

RMIT University Media Release The Federal Government is planning to introduce a minimum age restriction for social media platforms to prevent harm. RMIT experts comment: Lisa Given, Professor of Information Sciences  “Government calls for a ban on social media for young people are premature and not supported by clear evidence.  “Children need to gain the…

The post Social media ban not an effective solution appeared first on The AIM Network.

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The Australian Independent Media Network Tuesday, September 10, 2024 - 16:00 Source

House of Representatives Media Release The House of Representatives Standing Committee on Employment, Education, and Training has today tabled its report, Study Buddy or Influencer, following its inquiry into the use of generative artificial intelligence in the Australian education system. Committee Chair, Ms Lisa Chesters MP, said ‘Generative AI (GenAI) presents exciting opportunities and yet high stakes risks for the Australian…

The post Generative AI in Education Report Released appeared first on The AIM Network.

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Renew Economy Tuesday, September 10, 2024 - 14:35 Source
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Your Democracy Tuesday, September 10, 2024 - 14:34 Source

Have you ever seen a parade of an army? Company by company, they file by. On a war footing, a company is 250 men. When a regiment of I4 companies has passed, you have seen 3,755 men; and that looks like many, many people. 

 

BY E T GUNDLACH — 1931

A Parade of 3,000,000 Men

 

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Your Democracy Tuesday, September 10, 2024 - 14:29 Source

The US Department of Justice has accused the 76-year-old – a former adviser to the late US President Richard Nixon who now hosts a talk show on Russian TV – with sanctions violations and money laundering. His wife Anastasia has also been indicted.

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Renew Economy Tuesday, September 10, 2024 - 14:19 Source
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