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xkcd.com Monday, March 18, 2024 - 11:00 Source

Astronomers are a little unsure of the applicability of this index, but NASA's Planetary Protection Officer is all in favor.

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Renew Economy Monday, March 18, 2024 - 10:40 Source
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MacroBusiness Monday, March 18, 2024 - 10:30 Source

I noted earlier this month that Victoria was ground zero of Australia’s homelessness crisis. Victoria has the lowest share of social housing in Australia, accounting for only 3% of total residences. That is far lower than the national average of 4.2%, which is already low by worldwide standards. The Guardian reported a year ago that

The post Victorian government throws renters onto streets appeared first on MacroBusiness.

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MacroBusiness Monday, March 18, 2024 - 10:00 Source

The Market Ear on positioning. If the bull tolerates this, then 6000 will be next We have sounded a little like a broken record over the past few weeks in terms of our bearish call. Having said that, the perceived bull during this time period has been much stronger that the actual bull. Not so

The post Finally, a correction? appeared first on MacroBusiness.

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MacroBusiness Monday, March 18, 2024 - 09:30 Source

Paul Xiting is on his knees again: An “unofficial” meeting between Xi Jinping’s top foreign policy ­adviser Wang Yi and Paul Keating could overshadow the Albanese government’s diplomatic agenda during the Chinese envoy’s high stakes visit to Australia this week. The Australian can reveal Chinese officials have invited the former Labor prime minister to a

The post Australia’s 14 conditions for a peaceful China appeared first on MacroBusiness.

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MacroBusiness Monday, March 18, 2024 - 09:00 Source

Wall Street capped off a volatile week with another poor closing session on Friday night as more domestic US economic data muddied the waters on what direction the Fed will take going into the the FOMC meeting this week. Both USD and bond yields rose with equity futures indicating a poor start to the new

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Monday, March 18, 2024 - 08:30 Source

These are the six economists who don’t know who the local economy works: Persistently high inflation, bubbling wage pressures, weak productivity growth and stimulus from income tax cuts mean borrowers may have to wait another year for the Reserve Bank of Australia to cut the cash rate. …“Everyone’s talking about the last mile of inflation

The post Meet the six economists that have no idea appeared first on MacroBusiness.

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Your Democracy Monday, March 18, 2024 - 08:00 Source

French President Emmanuel Macron has said he will propose a ceasefire between Russia and Ukraine during the Summer Olympic Games, set to take place in Paris between July 26 and August 11.

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MacroBusiness Monday, March 18, 2024 - 08:00 Source

I visited QLD a few years ago for a wedding and was seated next to a local fella who spent much of the afternoon describing his prowess as a cook at home. I thought to myself, “my god, even in QLD the lifestyle twaddle of the bullshit economy has taken over”. But moments later, I

The post Thank god for Quexit appeared first on MacroBusiness.

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MacroBusiness Monday, March 18, 2024 - 07:30 Source

In the week of his election, I warned Lord Charlton to immediately address the brewing Ukraine War profiteering energy shock. His party did nothing and your utility bills went mad. Shortly afterwards, Lord Charlton tore down Australia’s border with India, opening a flow of cheap foreign labour to crush Aussie wages and blow rents sky

The post Lord Charlton declares ‘let them eat Palm Beach’ appeared first on MacroBusiness.

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Your Democracy Monday, March 18, 2024 - 07:27 Source

German Chancellor Olaf Scholz has said that interest accrued from Russian assets frozen in the EU will be used to purchase weapons for Ukraine.

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MacroBusiness Monday, March 18, 2024 - 07:00 Source

Chinese property is now the centre of a galactic-scale event. We begin with February New Yuan Loans, which were terrible as TSF stock growth plunged back to 9%: Led lower by, you guessed it, mortgages: It is hardly surprising, then, that property prices continue to tumble. Goldman: After seasonal adjustments, weighted average house prices in

The post Chinese property black hole turns super massive appeared first on MacroBusiness.

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Prosper Australia Monday, March 18, 2024 - 06:31 Source

3 million workers could benefit from tax shift Prosper Australia today released new research highlighting the economic benefits of shifting taxes off income and onto land.  Report highlights: Low and middle income earners face effective marginal tax rates (EMTRs) on extra income as high as 80%. High EMTRs are a disincentive to work. Reducing high […]

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Your Democracy Monday, March 18, 2024 - 06:00 Source

Unpredictability has become a feature of life in Russia. 

But that does not apply to elections. 

When Russian state TV flashed initial results showing that Vladimir Putin had won re-election with nearly 88% of the vote, this official landslide came as no surprise. 

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Your Democracy Monday, March 18, 2024 - 05:32 Source

James Eastwood and his union colleagues got to their office one Tuesday afternoon to find that someone had broken in. The intruder hadn’t taken personal valuables or expensive equipment: all they had done was pull down the pro-Palestine posters in the window.

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New Politics Monday, March 18, 2024 - 00:59 Source

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MacroBusiness Monday, March 18, 2024 - 00:10 Source

The AFR is about as prescient as the last phone call. Thankfully, Viktor Shvets looks forward: Macquarie’s strategy guru, Viktor Shvets, argues that the higher-cost world that BlackRock sees – rising labour costs as the population ages, rising input costs from reconfigured supply chains, rising energy costs from the low-carbon transition – will be totally

The post Australia’s luck has run out appeared first on MacroBusiness.

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MacroBusiness Monday, March 18, 2024 - 00:05 Source

On Saturday, I gave an extended live interview with Luke Grant from Sydney Radio 2GB. In the interview, I explained how future Australians are facing lower living standards than the generations that came before them. Below are key highlights. Leith van Onselen: Listeners might recall that we set a all-time high record net overseas migration

The post Australian living standards are in terminal decline appeared first on MacroBusiness.

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Your Democracy Sunday, March 17, 2024 - 14:24 Source

The Israel Files is a new MintPress series exploring and highlighting the many revelations about the Israeli occupation of Palestine that WikiLeaks documents disclosed. It hopes to shed light on many of the most important and underreported revelations the publishing group exposed.

 

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MacroBusiness Sunday, March 17, 2024 - 13:27 Source

CoreLogic has released preliminary auction data for the weekend, with the combined capital city preliminary clearance rate rising to 74.0%, up from 72.8% last weekend and 64.2% in the same weekend last year: The bounce in clearances came despite 2,723 capital city homes going under the hammer this weekend, which was the second busiest weekend

The post Auction market surges into Autumn driving prices higher appeared first on MacroBusiness.

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Your Democracy Sunday, March 17, 2024 - 13:09 Source

One of the most dangerous things that a government can do is present a glossy picture of the economy at a time when families and small businesses are suffering. Governments are always optimistic, but sending euphoric messages tends to backfire, especially when the situation for the middle class is complicated.

 

Daniel Lacalle

 

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The Tally Room Sunday, March 17, 2024 - 13:04 Source

For this post, I’m not going to dwell too much on individual races and where they are up to, but instead look at broader trends. I’ll do another post today or tomorrow about the close races and what we’re waiting to see.

There were quite a few votes that weren’t counted last night. Almost 600,000 votes were counted for the lord mayoral election, but barely 450,000 primary votes were counted for the council election, and only about 60% of those votes had preferences distributed.

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The Australian Independent Media Network Sunday, March 17, 2024 - 12:14 Source

It will come as little surprise that colossal Apple has been favouring its own music streaming service in snuffing and stuffing competitors. The company, it has been alleged, has prevented app developers from informing users of less expensive methods to purchase subscriptions outside the scope of Apple’s own services. Its cosmos was all. Central to…

The post Siding with Spotify: The European Commission Fines Apple appeared first on The AIM Network.

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Cheeseburger Gothic Sunday, March 17, 2024 - 11:23 Source

I have a rare Tuesday night off from Jujitsu and I have finished watching Masters of the Air. Happy to host Zoom drinks for a chat if enough peeps are interested.

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Your Democracy Sunday, March 17, 2024 - 07:40 Source

 

MORE TO COME...

 

FREE JULIAN ASSANGE NOW....

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MacroBusiness Sunday, March 17, 2024 - 07:39 Source

DXY firmed Friday night: AUD fell: With North Asia: Oil popped, gold dropped: Copper is one man base metals band: The miner retest gathers pace: EM puked: But junk was firm: Yields whoa! A stock correction may finally be here: We are experiencing another cyclical pop in inflation that has punctuated disinflationary progress for a

The post Australian dollar might reach 30 cents appeared first on MacroBusiness.

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Your Democracy Sunday, March 17, 2024 - 07:37 Source

After escaping an abusive partner more than a decade ago, Adriana Carrington felt life was just getting back on track.

She had worked through years of therapy, finally got a mortgage for a new home, and started her own business.

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Your Democracy Sunday, March 17, 2024 - 06:25 Source

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MacroBusiness Sunday, March 17, 2024 - 00:05 Source

Danica De Giorgio of Sky News interviewed me on Friday night about Australia’s rental crisis and why it can only get worse. Below are key highlights. Danica De Giorgio: No one ever voted for a Big Australia. And yet here we are paying the price for it. Australia’s migration intake hit record numbers in January,

The post Australia’s rental crisis can only worsen appeared first on MacroBusiness.

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The Tally Room Saturday, March 16, 2024 - 19:00 Source

6:18 – There was a big uptick in pre-poll voting yesterday (which is pretty standard). More than 5% of all voters cast their vote on Friday, which means that 25% of all enrolled voters cast a pre-poll vote. Remarkably this means that the total pre-poll share has jumped from 23.7% in 2020. It does look like postal votes has dropped, but we don’t yet have a final figure.

The big unknown factor is how many people vote on election day, but there have been reports of long queues. So it’s possible we could be looking at an elevated turnout.

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