Blogotariat

Oz Blog News Commentary
MacroBusiness Friday, May 17, 2024 - 09:00 Source

Wall Street failed to make another new record high overnight as the impact of the latest US inflation print was fully absorbed and the strong swing against USD was pared back a little. European stocks lost a little confidence as well which is likely to translate into a mixed finish for the trading week here

The post Macro Morning appeared first on MacroBusiness.

Read more Views: 41
MacroBusiness Friday, May 17, 2024 - 08:30 Source

Opposition Leader Peter Dutton used his budget reply address to promise a reduction in net overseas migration and a prohibition on temporary visa holders purchasing established property. Dutton stated that if elected, he would reduce the number of permanent visas from 185,000 this financial year to 140,000 for two years, 150,000 in year three, and

Read more Views: 86
MacroBusiness Friday, May 17, 2024 - 08:00 Source

This week, the Australian Bureau of Statistics (ABS) reported that Australian wage growth had once again turned negative after nominal wage growth (0.8% in the March quarter) grew by less than CPI inflation (1.0% headline, 1.1% underlying). The result meant that Australian real wages have fallen by 7.1% from their peak when deflated by headline

The post Aussie wages will take more than a decade to recover appeared first on MacroBusiness.

Read more Views: 46
Your Democracy Friday, May 17, 2024 - 06:29 Source

A legal ruling in Australia this week sentencing military whistleblower David McBride to 5 years imprisonment for disobeying orders to expose war crimes has stood the principles established at the Nuremberg trials on its head.

David McBride, found guilty, has been sentenced to 5 years and 8 months imprisonment (2 years 3 months non-parole). His offence? The refusal to just ‘follow orders.’

 

Read more Views: 53
Your Democracy Friday, May 17, 2024 - 05:42 Source

US President Joe Biden has declared executive privilege over a recording of his interview with the special counsel who probed his mishandling of classified documents, blocking Republican lawmakers from hearing the exchange that led to him being called a “well-meaning elderly man with a poor memory.”

read more

Read more Views: 55
Your Democracy Friday, May 17, 2024 - 05:26 Source

The European elections serve to show that the European Union is democratic, since it organizes elections. Of course, this Parliament has none of the attributes of national parliaments. In reality, it serves almost no purpose... except to be elected. During its term of office, it will cost 15 billion euros, not including the cost of the election.

Elections to the European Parliament: a costly masqueradeby Thierry Meyssan

Read more Views: 53
MacroBusiness Friday, May 17, 2024 - 00:05 Source

Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter gave an address on Thursday in Hobart, in which she noted that the housing construction industry faces a “perfect storm”. Hunter also warned that Australians face a prolonged period of rising home prices and rents as population growth via net overseas migration exceeds dwelling construction. “The

The post RBA forecasts enormous housing shortage appeared first on MacroBusiness.

Read more Views: 55
Renew Economy Thursday, May 16, 2024 - 18:17 Source
Read more Views: 58
The Australian Independent Media Network Thursday, May 16, 2024 - 17:36 Source

It’s often claimed the major supermarkets would prefer to see tonnes of fresh food be dumped rather than sell less than ‘perfect’ fruit and veggies in their shops or some landlords keep perfectly good homes vacant so they can rent them at exorbitant prices for short periods to holiday makers on websites. Economists will tell…

The post Understanding the risk appeared first on The AIM Network.

Read more Views: 76
The Australian Independent Media Network Thursday, May 16, 2024 - 16:57 Source

Sometimes, it’s best not to leave the issue of justice to the judges. They do what they must: consult the statutes, test the rivers of power, and hope that their ruling will not be subject to appeal. David McBride, the man who revealed that Australia’s special forces in Afghanistan had dimmed and muddied before exhaustion,…

The post A Brutal Punishment: The Sentencing of David McBride appeared first on The AIM Network.

Read more Views: 48
MacroBusiness Thursday, May 16, 2024 - 16:30 Source

A strong session across most Asian stock markets due to the record highs on Wall Street overnight in the wake of a softer than expected US CPI print. The USD is falling against the majors with the latest soft unemployment print locally helping the Australian dollar somewhat although it has lost some ground to fall

The post Macro Afternoon appeared first on MacroBusiness.

Read more Views: 43
Renew Economy Thursday, May 16, 2024 - 15:56 Source
Read more Views: 45
Renew Economy Thursday, May 16, 2024 - 14:57 Source
Read more Views: 51
The Australian Independent Media Network Thursday, May 16, 2024 - 14:31 Source

Climate Council Media Release AUSTRALIA IS OFF AND RACING on the road to cleaner cars that are cheaper to run, with the New Vehicle Efficiency Standard securing the support of Federal Parliament today. This reform is decades overdue, however, with the standard set to start next year, Australians will finally have access to more low…

Read more Views: 50
Renew Economy Thursday, May 16, 2024 - 14:19 Source
Read more Views: 61
Your Democracy Thursday, May 16, 2024 - 14:08 Source

Read more Views: 46
MacroBusiness Thursday, May 16, 2024 - 14:00 Source

Sinocism with the note. Renewed hopes for a massive real estate bailout – Bloomberg reports that the government is “considering a proposal to have local governments across the country buy millions of unsold homes”. Caixin reported over the weekend that it “has learned from multiple sources that policymakers have also been studying the creation of a national real estate investment

Read more Views: 47
Renew Economy Thursday, May 16, 2024 - 13:56 Source
Read more Views: 72
Renew Economy Thursday, May 16, 2024 - 13:25 Source
Read more Views: 47
MacroBusiness Thursday, May 16, 2024 - 13:23 Source

The Australian Bureau of Statistics (ABS) today released its Labour Force report for April, which recorded a 0.19% rise in the unemployment rate to 4.05% alongside a 0.15% rise in the underemployment rate to 6.61%: The result was far worse than economists’ expectations of a 3.9% unemployment print. The result came amid a solid 38,480

The post Australia’s jobs market “cracking” appeared first on MacroBusiness.

Read more Views: 75
MacroBusiness Thursday, May 16, 2024 - 12:30 Source

Ah yes, the truth is ugly when it presents itself bald-faced: Anthony Albanese has broken his silence on his decision to serve an eviction notice to a longstanding tenant, revealing the reason for kicking the man out is all about his “changing circumstances” and his wedding to partner Jodi Haydon. But he’s accused tenant Jim

The post Mega landlord Albo doubles rent for tenant appeared first on MacroBusiness.

Read more Views: 49
Renew Economy Thursday, May 16, 2024 - 12:17 Source
Read more Views: 79
MacroBusiness Thursday, May 16, 2024 - 12:00 Source

Last week, Reserve Bank of Australia (RBA) governor, Michele Bullock, tied herself in knots in an attempt to play down the impact of record immigration levels on CPI inflation. Bullock admitted that record immigration had driven up housing inflation, but that this was partly offset by immigration lowering wage growth. Therefore, immigration hasn’t “added dramatically

Read more Views: 43
Renew Economy Thursday, May 16, 2024 - 11:48 Source
Read more Views: 39
MacroBusiness Thursday, May 16, 2024 - 11:30 Source

Greens leader Adam Bandt appeared on Sky News, where he reiterated the party’s call for rents to be frozen: “Renters need breathing space. At the moment, renters are feeling massive pain. Average rents have gone up $100 a week in the two years under Labor”, Bandt said. “The Reserve Bank Governor said they’re going to

The post Greens demand rent freeze, support record immigration appeared first on MacroBusiness.

Read more Views: 45
MacroBusiness Thursday, May 16, 2024 - 11:00 Source

Higher education commentator, Andrew Norton, supports changing international student migration rules and education provider requirements to address issues like “dodgy” colleges, inadequate student preparation, student poverty, and permanently temporary migration. However, Norton has taken aim at the federal government’s announced caps on international student numbers down to a course. Norton claims that capping numbers is

Read more Views: 52
MacroBusiness Thursday, May 16, 2024 - 10:30 Source

I was interviewed by Bill MacDonald on Brisbane Radio 4BC for my take on the federal budget. My overall view is that the budget was a giant fiscal band-aid to cover up the government’s policy failures around energy and immigration. Below are key extracts from the interview. Edited Transcript: We have had this giant energy

The post Federal budget band aids over policy failures appeared first on MacroBusiness.

Read more Views: 50
The Australian Independent Media Network Thursday, May 16, 2024 - 10:06 Source

It’s time we reckoned with what it means to become a corporatocracy. Our governments exist to enact the desires of their corporate masters. Some of these politicians, like Madeleine King, appear to do so with alacrity, while others appear lost in the perceived demands of party and pressure groups. The end result will be an…

The post Corporatocracy appeared first on The AIM Network.

Read more Views: 46
MacroBusiness Thursday, May 16, 2024 - 10:00 Source

The MArket Ear warns. As good as it gets Research superstars at BCA says that the US listed companies and mainly tech have just had it too good for too long and that this will not last. US market and US tech is at a structural turning point. With markets at new fresh all-time-highs and

The post Is the tech bull run over? appeared first on MacroBusiness.

Read more Views: 37
MacroBusiness Thursday, May 16, 2024 - 09:30 Source

DXY got trapdoored: AUD busted out: A little help from North Asia: Oilmcactus, gold heaven on traditional drives now: Copper loco: Miners were softish: EM to the mooon: Junk risk on: Yields flushed: Stocks ATH: Goldman wraps the data: April core CPI rose 0.29% month-over-month, 1bp below consensus and the slowest pace since December. The

The post Australian dollar rocket ignites appeared first on MacroBusiness.

Read more Views: 42

Pages