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The Australian Independent Media Network Monday, February 12, 2024 - 17:57 Source

By Bert Hetebry   How sad to see the image of Barnaby Joyce on the pavement, cursing at himself as he talks to his wife on the phone. Dear Barnaby is not the first politician to find himself in an embarrassing situation after having enjoyed one or two too many drinks, in fact the list is…

The post Barnaby, just another inebriated pollie appeared first on The AIM Network.

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Your Democracy Monday, February 12, 2024 - 17:39 Source

Ukrainian Army Announced Forced Evacuation In Chasiv Yar Amid The Approach Of Russian Paratroopers

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MacroBusiness Monday, February 12, 2024 - 16:30 Source

Asian share markets are somewhat adrift due to the closure of Chinese markets for the Chinese New Year break despite a strong lead from Wall Street on Friday night, with reduced volatility in bond and currency markets not helping either.  The USD is steady after some lost ground while the Australian dollar is still looking

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, February 12, 2024 - 15:16 Source

National Tertiary Education Union Media Release The National Tertiary Education Union has strongly endorsed changes to workplace laws which will benefit university staff. The Albanese Government’s Closing Loopholes Bill, which passed federal parliament on Monday, helps restore some balance towards workers. Under the changes, the Fair Work Commission will have to ensure workers don’t go…

The post Higher education staff winners in workplace law reform appeared first on The AIM Network.

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The Australian Independent Media Network Monday, February 12, 2024 - 14:56 Source

Super Members Council Media Release Lower paid women would have $40,000 more at retirement if at this year’s Budget the Federal Government committed to paying super on Commonwealth parental leave and re-aligning tax offsets, a new report has found. The Super Members Council (SMC) report, Securing a Dignified Retirement for More Women, provides new insights…

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Renew Economy Monday, February 12, 2024 - 14:27 Source
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Renew Economy Monday, February 12, 2024 - 14:23 Source
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MacroBusiness Monday, February 12, 2024 - 14:00 Source

The stronger-than-expected labour market data in Q4 has spooked bank economists into believing that the Reserve Bank of New Zealand will hike the official cash rate further over coming monetary policy meetings. To recap, New Zealand’s unemployment rate increased from 3.9% to 4.0%, below the Reserve Bank’s forecast of 4.2%: Employment increased by 0.4% over

The post Reserve Bank to hike twice more appeared first on MacroBusiness.

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Renew Economy Monday, February 12, 2024 - 13:36 Source

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MacroBusiness Monday, February 12, 2024 - 13:30 Source

No end in sight for the deflation tsunami in goods. Morgan Stanley with the note. The rise of excess capacity in China…: As we highlighted previously, despite declining returns, China’s investment to GDP remains high at 41% of GDP. Indeed, notwithstanding the decline in property investment, nominal growth in infrastructure and manufacturing sector investment is

The post Chinese deflation tsunami ahead appeared first on MacroBusiness.

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Renew Economy Monday, February 12, 2024 - 13:27 Source
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MacroBusiness Monday, February 12, 2024 - 13:00 Source

I never thought we would get back to the point where the value of the US tech sector once again comprised an incredible one third of the US equity market. This just pips the previous all-time peak seen on 17 July 2000 at theheight of the Nasdaq tech bubble. What’s more, this high has been

The post Albert Edwards: Tech bubble 2.0 is going to pop appeared first on MacroBusiness.

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MacroBusiness Monday, February 12, 2024 - 12:30 Source

Treasurer Jim Chalmers recently reiterated that the federal government is not considering any changes to the negative gearing regime or the capital gains tax discount. However, Greens leader Adam Bandt has indicated that the party will seek changes to both tax breaks in return for supporting the government’s Help to Buy shared equity scheme. The

The post Negative gearing blows big hole in federal budget appeared first on MacroBusiness.

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MacroBusiness Monday, February 12, 2024 - 12:00 Source

The Reserve Bank of Australia (RBA) might be done raising the official cash rate (OCR). But that doesn’t mean that the pain is over for Australian mortgage holders. Justin Fabo at Antipodean Macro has posted the below chart showing how actual mortgage rates paid by Australians (blue line) continue to rise as cheap pandemic fixed-rate mortgages

The post Australian interest rates have further to rise appeared first on MacroBusiness.

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Renew Economy Monday, February 12, 2024 - 11:45 Source
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The Australian Independent Media Network Monday, February 12, 2024 - 11:44 Source

Parliament of Australia Media Release  The Joint Committee of Public Accounts and Audit (JCPAA) has commenced an inquiry into the 2022-23 Commonwealth Financial Statements which are audited each year by the Australian National Audit Office (ANAO). This audit provides the Parliament with an independent examination of the Commonwealth’s accounts and identifies financial statement risks, issues…

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MacroBusiness Monday, February 12, 2024 - 11:30 Source

I can’t recall ever agreeing with Alexander Downer. Most of the time, it has been violent disagreement. Until today: Over the past four months, the Greens have been in full view. Any doubts about their evil ideology have been cast aside. This is a party driven by critical theory. They split society into two. You’re

The post “Evil, racist” Greens to kill “help to buy” appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, February 12, 2024 - 11:27 Source

Climate Media Centre Media Release The appeal hearing relating to the Living Wonders Cases will begin on Monday 12 and Tuesday 13 February, where three Federal Court judges will assess whether ​​Australia’s Environment Minister, Tanya Plibersek, is required by law to scrutinise the climate harm of new coal and gas projects. The Environment Council of…

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Renew Economy Monday, February 12, 2024 - 11:24 Source
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MacroBusiness Monday, February 12, 2024 - 11:00 Source

On Saturday morning, I was interviewed by Luke Grant on Radio 2GB where we dissected former NSW Premier Dominic Perrottet’s claim that Australia’s mass immigration policy is “lazy economics” and a “ponzi scheme”. I also explained why Australia is caught in a “population trap of falling productivity” because the nation’s population is growing much faster

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xkcd.com Monday, February 12, 2024 - 11:00 Source

Baseballs do present a challenge to this theory, but I'm convinced we just haven't found the right seasoning.

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Your Democracy Monday, February 12, 2024 - 10:58 Source

https://www.youtube.com/watch?v=pLGX3bYyW-4

Kamala Harris Goes On Bizarre Drunken Rant For Black Crowd As Hillary ADMITS Biden HAS A PROBLEM!

 

https://www.youtube.com/watch?v=T01Ws8KQ4os

Tulsi Gabbard: Democrats are acting as dictators in the name of democracy

 

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Renew Economy Monday, February 12, 2024 - 10:43 Source
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MacroBusiness Monday, February 12, 2024 - 10:30 Source

US bank lending continues to putative recovery: Large and small: Year on year is still bouncing along the bottom: SLOOS is increasingly supportive as well. Goldman: The Federal Reserve’s January 2024 Senior Loan Officer Opinion Survey—conducted for bank lending activity over the fourth quarter of last year—reported that standards tightened at a slower pace versus

The post US credit recovery continues appeared first on MacroBusiness.

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Your Democracy Monday, February 12, 2024 - 10:27 Source

The by-now mythical figure of $368 billion for the AUKUS submarine mirage is creating a frenzy. So far, we’ve seen some of those billions go to shipyards in the US and the UK, but now Queensland’s Banana Shire wants their own slice of the action. What’s the scam?

 

Banana Shire takes AUKUS by storm. What’s the scam?

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MacroBusiness Monday, February 12, 2024 - 10:00 Source

The Australian Bureau of Statistics’ (ABS) September quarter national accounts revealed that the nation’s real gross domestic product (GDP) decreased for three consecutive quarters in per capita terms, falling 0.3% year on year:   This 0.3% annual decline in per capita GDP was caused by a 1.9% decrease in real per capita household consumption: The

The post Recession alarm as Aussie consumers slash spending appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, February 12, 2024 - 09:30 Source

By James Moore “For the unlearned, old age is winter; for the learned, it is the season of the harvest.” (Hasidic saying). I’ll take the old guy. Joe Biden could be 90 and drooling, barely in control of his faculties, and he’d still make a better president than Trump. The argument is very easy to…

The post Scratchings in the Dirt appeared first on The AIM Network.

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MacroBusiness Monday, February 12, 2024 - 09:30 Source

Here’s your fair-minded Treasurer at it again: Treasurer Jim Chalmers has ruled out changes to negative gearing and capital gains. “That’s not something that we’re proposing, not something that we are considering, not something that we are working up,” he told Sky News on Sunday. …He agreed a person earning $160,000 a year was in

The post Gosh, Chicken Chalmers REALLY hates workers appeared first on MacroBusiness.

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Your Democracy Monday, February 12, 2024 - 09:23 Source

THE STORY AS REPORTED BY GEORGE GALLOWAY IS HORRIFIC. 

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MacroBusiness Monday, February 12, 2024 - 09:00 Source

Wall Street is going it alone with a new record high for the S&P500 as it cracked the 5000 point level while European shares couldn’t find any confidence but futures are indicating that equities will rise higher on the open here in Asia this morning. The USD fell slightly while bond markets rose slightly after

The post Macro Morning appeared first on MacroBusiness.

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