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MacroBusiness Tuesday, March 19, 2024 - 07:00 Source

This Goldman analysis does not cover Australia, but its point does: Global labor markets remain healthy, and low unemployment rates are one reason why DM central banks have remained patient on rate cuts. We forecast that unemployment rates will not meaningfully rise in 2024, and that most major DM central banks will remain on hold

The post RBA will chainsaw interest rates on unemployment spike appeared first on MacroBusiness.

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Cheeseburger Gothic Tuesday, March 19, 2024 - 06:30 Source

Not everyone has my devotion to immediately consuming the show the minute it’s available, so we’ll wait. Anyone who is interested in eventually getting in on the Zoom call, let me know. Buck will wait.

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Your Democracy Tuesday, March 19, 2024 - 06:24 Source

Israel’s war on Gaza is a war on children, a war on their childhood and a war on their future. Children are dying at an alarming rate from malnutrition and dehydration and doctors are no longer seeing normal-sized babies.

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Your Democracy Tuesday, March 19, 2024 - 05:52 Source

IN 2016, AS THE AMERICAN MEDIA WAS PREPARING TO CELEBRATE "THE FIRST WOMAN PRESIDENT OF THE UNITED STATES", I THINK CNN INVITED JOURNALISTS AROUND THE WORLD, INCLUDING AUSTRALIA, TO WITNESS THE OCCASION AT "ELECTION PARTIES", WITH STREAMERS AND LOLLIES...

THE ELECTION DID NOT GO AS PLANNED, AND TRUMP WAS ELECTED....

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Renew Economy Tuesday, March 19, 2024 - 05:34 Source
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MacroBusiness Tuesday, March 19, 2024 - 00:05 Source

Over the past week, we have witnessed widespread discussion on the deleterious impact that Australia’s record immigration is having on the rental market. Today, I want to discuss a longer-term problem that Australia faces as its population swells to a projected 40.5 million people by 2063: water supplies. Australia is one of the driest nations

The post Australians face a future of permanent water shortages appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 19, 2024 - 00:05 Source

Chinese growth is fine: Industrial output rose 7% in January-February from the same period a year earlier, the National Bureau of Statistics said Monday, much faster than economist estimates. Growth in fixed-asset investment accelerated to 4.2%, also stronger than forecasts. Retail sales increased 5.5%, roughly in line with projections. “With the recovery in these data,

The post Iron ore slips over construction cliff appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, March 18, 2024 - 23:27 Source

It’s incredible. Such is our love-in with Peter “Junkyard” Dutton, our former Border Overlord, who used to play the bad cop dispensing rough justice–doing whatever it took to keep us safe-that today, he’s being cheered by most of the press gallery for reckless endangerment in his punt on nuclear energy. Is it just to please…

The post Dutton’s bid for nuclear power: hoax or reckless endangerment? appeared first on The AIM Network.

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New Politics Monday, March 18, 2024 - 18:43 Source

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MacroBusiness Monday, March 18, 2024 - 17:31 Source

  Ocean Beach, Sorrento, 1957, John Perceval, NGV     AUD/USD   EUR/USD   USD/JPY   GBP/USD   Gold   WTI   Brent   Australia 200   US S&P 500   UK 100   Japan 225     Easy listening Earl Scruggs, Ballad of Jed Clampett Steve Harley Cockney Rebel, Make me Smile, Vale….. Sneaky

The post Macro Afternoon: 18 March 2024 appeared first on MacroBusiness.

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MacroBusiness Monday, March 18, 2024 - 16:30 Source

Asian share markets are putting in fairly strong sessions as the trading week restarts with currency markets still under the weight of a stronger USD in the wake of firmer than expected domestic US economics print from last week. Wall Street is looking to open slightly higher after a poor Friday night session while the

The post Macro Afternoon appeared first on MacroBusiness.

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Cheeseburger Gothic Monday, March 18, 2024 - 16:28 Source

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Your Democracy Monday, March 18, 2024 - 15:32 Source

Putin may be the biggest dupe of his fake election landslide

With official results showing he won nine out of 10 votes, has the Russian autocrat overplayed his hand?

BY EVA HARTOG

 

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Renew Economy Monday, March 18, 2024 - 15:22 Source
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Renew Economy Monday, March 18, 2024 - 15:15 Source
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Renew Economy Monday, March 18, 2024 - 15:15 Source
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The Australian Independent Media Network Monday, March 18, 2024 - 14:26 Source

By Bert Hetebry   Holidaying down at Busselton in the last week, enjoying time catching up with family and taking opportunity to walk for miles on the pristine beach. Busselton is in the State parliamentary district of Vasse, one of the few Liberal held seats in the W.A. lower house. And there are plans afoot to…

The post No wind power, no solar farms. Let’s go NUCLEAR! appeared first on The AIM Network.

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The Australian Independent Media Network Monday, March 18, 2024 - 14:05 Source

By James Moore   “If you want to know the secrets of existence, do the math. There is no other way. There is only one truth, the truth of mathematics. It is the infallible, absolute truth. All truth-seekers come in the end to mathematics. Pythagoras got there first. It’s time for everyone else to join him…

The post Racing the Sun appeared first on The AIM Network.

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MacroBusiness Monday, March 18, 2024 - 14:00 Source

Following revisions to prior quarters, Statistics New Zealand reported that New Zealand’s economy plunged into recession in the third quarter of 2023, badly underperforming the Reserve Bank’s growth forecasts: The growth picture was even worse when adjusted for population growth, with New Zealand’s economy plunging into a deep per capita recession. GDP per capita has

The post Reserve Bank wrong on economy appeared first on MacroBusiness.

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MacroBusiness Monday, March 18, 2024 - 13:30 Source

The former NSW Premier, Bob Carr, did a terrific job demolishing Australia’s immigration ponzi economy. Check out the below sermon by Carr on Erin Molan’s Sky News show on Friday: Bob Carr: I’ve been trying to get Australians to understand that we do not need to have the highest rate of immigration in proportion to

The post Bob Carr trashes Australia’s immigration ponzinomics appeared first on MacroBusiness.

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MacroBusiness Monday, March 18, 2024 - 13:00 Source

Mizuho with the note. It has been nearly four weeks since the Chinese New Year holiday, and we have analyzed a range of high-frequency activity indicators to access China’s economic performance so far this year. Following the holiday break, urban traffic and express delivery swiftly rebounded, and industrial activity in auto manufacturing remained robust. However,

The post China’s new year economic hangover worsens appeared first on MacroBusiness.

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Renew Economy Monday, March 18, 2024 - 12:44 Source
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Renew Economy Monday, March 18, 2024 - 12:41 Source
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MacroBusiness Monday, March 18, 2024 - 12:30 Source

Morgan Stanley’s Ellen Zenter has been good on the Fed in recent times. We expect changes to the SEP to paint a picture of optimism around supply-driven growth. The median dot remains at 3. Inflation and balance sheet in focus for the Q&A. Fed remains patient. First cut June. Our strategists stay neutral duration. Key

The post US Fed preview appeared first on MacroBusiness.

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Your Democracy Monday, March 18, 2024 - 12:19 Source

Why Dutton is going nuclearThe opposition leader thinks he can sell nuclear power to the public. The energy industry remains unconvinced by the business case.

 

BY Jennifer Hewett

 

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Your Democracy Monday, March 18, 2024 - 12:03 Source

Russian President Vladimir Putin has said that by criticizing democratic processes in other states, all while using their own administrative resources to suppress one of American presidential candidates, Washington has become a laughing stock of the rest of the world.

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The Australian Independent Media Network Monday, March 18, 2024 - 12:03 Source

Oxfam Australia Media Release   International community resorts to sea routes and air drops rather than challenge Israel for systemically undermining unfettered access of relief Israeli authorities have rejected a warehouse full of international aid including oxygen, incubators and Oxfam water and sanitation gear all of which is now stockpiled at Al Arish just 40 km…

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MacroBusiness Monday, March 18, 2024 - 12:00 Source

Last week, we witnessed a war of words erupt between the two major states over the distribution of the Goods and Services Tax (GST). This followed the unfair decision to grant Victoria an extra $3.88 billion of GST, whereas NSW’s allocation was cut by $188 million: NSW Treasurer Daniel Mookhey and his state counterparts met

The post States war over shrinking GST pie appeared first on MacroBusiness.

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John Quiggin Monday, March 18, 2024 - 11:42 Source

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.

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MacroBusiness Monday, March 18, 2024 - 11:30 Source

CBA estimated that Australia needs to create nearly 35,000 jobs per month to keep the unemployment rate stable, assuming no change in the labour force participation rate: The December quarter national accounts suggested that Australia’s population grew by around 680,000 people in 2023, which was the strongest growth on record: Then last week, we received

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