Blogotariat

The resilience of the Russian economy in the face of harsh Western sanctions sent those cheering the rise of multipolarity into victory laps. And it has been a huge embarrassment to the West. But Russia’s burgeoning problem settling payments with China demonstrates that this resilience isn’t without setbacks.

Asian share markets remain uncertain leading up to tonight’s US unemployment print with only local stocks advancing appreciably while currency markets tread water although the USD is starting to soften again. Yen remains on a tear while the Australian dollar remains surprisingly resilient as it extends above the 67 cent level. Oil futures are looking

The post Macro Afternoon appeared first on MacroBusiness.

Monash University The National Cabinet has today agreed to provide $4.7 billion for more services to support the victim-survivors of sexual and family violence. The funding is a joint agreement between federal, state and territory governments. The new proposals include funding for sexual violence services, support for children and young Australians who have witnessed or…

I’ve never sent one of these from the Burger before, but since a few kind people insisted on paying me for this blog, I insist on you giving you a freebie in return.

This is The Javan War, an origin story for Lucinda Hardy, one of the principal characters from The Cruel Stars trilogy. I finished writing the last book in that trilogy nearly one year ago, …

Read more

A raft of big new projects will propel South Australia to its target of 100 per cent net renewables by 2027, showing the world that it can be done with wind, solar and

According to CoreLogic, home values across New Zealand fell by 0.5% in August, with Auckland seeing the biggest decline at 1.0%: On a quarterly basis, dwelling values declined by 2.2% across New Zealand, with falls recorded across all major markets: Home values have fallen 16.8% from their post-Covid peak, with Auckland (-21.8%) and Wellington (-21.5%)

The post Reserve Bank continues to smash house prices appeared first on MacroBusiness.

An award-winning dynamic network pricing trial that started with around 200 participants will expand to 1,000 households via three new virtual power plant partners.

Wayne Swan taught Jim “chicken” Chalmers everything he knows: Former Labor federal treasurer Wayne Swan has backed the government’s attitude towards inflation, saying he is “very disappointed” in the Reserve Bank and it was “punching itself in the face.” Mr Wayne, who was Jim Chalmers‘s boss, slammed the RBA for “hammering households” with interest rates

The post Australia destroyer, Wayne Swan, returns appeared first on MacroBusiness.

While ordinary Australians are suffering through the worst cost-of-living crisis in generations and a record decline in household disposable incomes. The Albanese government is gifting fat salaries to senior public sector bureaucrats. A few months back, incoming Governor-General Sam Mostyn was awarded a 43% pay rise to $709,000 a year to compensate for a lack

A simple fact of macro management that Treasurer Dr Jim “chicken” Chalmers appears unaware of: Jim Chalmers has credited record government spending and Labor’s budget strategy for keeping Australia out of recession amid the weakest non-pandemic economic growth since 1991, using the data to reject the Reserve Bank’s claim the economy is “running too hot”.

The post The economy is a river not a lake appeared first on MacroBusiness.

The Australian Electoral Commission yesterday announced the final decision for the federal redistributions in Victoria and Western Australia.

Unfortunately the AEC hasn’t yet published the maps, digital boundary files or data matching each SA1 to each electorate. While it may be possible to estimate these, I don’t have capacity with all of the elections going on now.

The final determination will be published on September 24 for Western Australia and October 17 for Victoria, so I will attempt to update my margin estimates then.

The Market Ear on the AI money printer. This is not a bubble Goldman and BlackRock are both out with “thought-pieces” defending Tech in general and AI in specific. It is definitely not a bubble…..And at the same time Ilya raises $1bn at $5bn valuation with no business plan. Tech baby Goldman wants you to

The post AI prints money appeared first on MacroBusiness.

A sea snake added to the federal government's endangered species list could scupper Woodside's $30 billion-plus Browse Basin gas plans.