Blogotariat

The Australian has a consistent viewpoint on the use of gas that is clearly destructive to the Australian economy (and, therefore, itself). It is pro-gas, but it very rarely argues in favour of policies like domestic reservation, even when they are promoted by the Coalition. To some extent, this is probably ideological. The Murdoch Press

The post Why does Murdoch want to destroy Aussie energy? appeared first on MacroBusiness.

The expansion of the war from Palestine to Iran, which began on 13 June, signals an Israeli obsession persisting for four decades. As the Trump administration was negotiating in bad faith with Iran over its nuclear programme, the Israeli regime took advantage of an interval to bomb Tehran, assassinating leading scientists, a senior general and other officials, some of them engaged in the talks.

Nuclear OptionsTARIQ ALI

Australia’s recent productivity growth has been among the worst in the advanced world, as illustrated below by Justin Fabo from Antipodean Macro. This month, federal Treasurer Jim Chalmers launched a productivity summit aimed at pulling the nation out of its funk that has seen per capita growth and living standards decline. The Guardian’s economics editor,

The post Australia’s productivity dreamland appeared first on MacroBusiness.

DXY fell Friday, but WWIII should be enough to restore it this morning. AUD is bunkering. We’ll see a nice oil pop this morning. I say short it. MAGA ain’t pleased. Metals grind on. The mining bear market is huge and only just begun. EM meh. A safe haven bod for Treasuries. Stocks only go

The post Australian dollar hits the oil skids appeared first on MacroBusiness.

Goldman has presented four possible scenarios for the oil market arising from the US attack on Iran’s nuclear facility: Scenario One, we stay in the present scenario where we do not have a meaningful or any loss of supply… I think in that situation we stay around these sort of levels because we are seeing some curtailment of

The post How high for oil as world goes nuclear? appeared first on MacroBusiness.

Last month I posted about the increase in the proportion of votes that were cast early (postal, pre-poll and remote) as opposed to those cast on election day. 55.7% of votes were cast early, with just 43.6% casting their votes on the day.

For today’s post I am looking at how those voters actually voted, and how it’s changed over time.

Starting with the two-party-preferred vote, applying my estimate of the Bradfield 2PP, the gap between election day and the early vote is the widest I’ve seen since at least 2004.

The Q1 national accounts, released earlier this month, showed that the private sector economy remains locked in recession. Australia’s per capita GDP declined by 0.2% over the quarter, the ninth decline in 12 quarters. It was also the longest (but not deepest) decline in GDP per capita in modern recorded history. The decline in per

The post Australia’s private sector economy tanks appeared first on MacroBusiness.

Israel flew over to Iran with fighter jets and has since gone totally ballistic — literally and figuratively. So what does the European Union’s insane clown posse have to say about it? Get yourself some popcorn. The Eurojokers are doing their best stand-up comedy again without even realizing it.

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.

UNITED NATIONS -- United Nations Secretary-General Antonio Guterres on Saturday branded the US strikes on Iran as a "dangerous escalation in a region already on the edge — and a direct threat to international peace and security."

"There is a growing risk that this conflict could rapidly get out of control — with catastrophic consequences for civilians, the region, and the world," Guterres said in a statement.

MORE TO COME..

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