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MacroBusiness
Monday, March 11, 2024 - 11:30
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The energy superpower turned superidiot is on display again today: South Australia has signalled it is seeking to capitalise on Victoria’s anti-gas energy policy and high taxes, targeting its neighbouring fellow Labor state with an advertising campaign to lure companies across the border. South Australian Treasurer Stephen Mullighan has joined Premier Peter Malinauskas in declaring The post Superstupid states mangle energy grid appeared first on MacroBusiness. |
MacroBusiness
Monday, March 11, 2024 - 11:00
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Welcome to the bank bubble of 2024: More to the point, the CBA bubble, which is now trading on 21.5xNTM, is richer than alleged bubbles like Google: Even though there is no apparent profit growth for CBA: Whereas Google is projected at around 15%: CBA is now perhaps the world’s richest bank, a “bubble” of The post Australia’s absurd bank bubble appeared first on MacroBusiness. |
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xkcd.com
Monday, March 11, 2024 - 11:00
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MacroBusiness
Monday, March 11, 2024 - 10:30
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NAB should know better than this. Any economist with half a brain knows that partial analysis is fallacious thinking. The economy is a river, not a lake, and when you change one feature, then others are also alterered: Spending by international students accounted for more than half of Australia’s economic growth in 2023, according to The post Foreign students did not save the economy appeared first on MacroBusiness. |
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MacroBusiness
Monday, March 11, 2024 - 10:00
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Last week, Seek released data showing that the number of job applications had rebounded to pre-pandemic levels, which based on historical correlations, points to higher unemployment: Seek also released data on the number of applications per job advertisement, which was even more worrying. It showed that the number of applicants per job ad has rocketed The post Hunger Games hits Australia’s jobs market appeared first on MacroBusiness. |
John Quiggin
Monday, March 11, 2024 - 09:42
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Andrew Leigh’s The Shortest History of Economics is the latest in a series of such histories, mostly focused on particular countries. It begins with a striking mini-history of household lighting, focusing on the amount of labour required to produce the light now given off by a standard lightbulb: 58 hours for a wood fire, five hours for a candle based on animal fat, a few minutes for an early electric lightbulb, and less than one second for a modern light-emitting diode. The Shortest History of Economics – Andrew Leigh (Black Inc.) |
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John Quiggin
Monday, March 11, 2024 - 09:40
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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. |
The Tally Room
Monday, March 11, 2024 - 09:30
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Tasmania’s lower house will be expanding in size from 25 to 35 at the upcoming election. Usually when we analyse election results, a key tool is to compare the results to the last election. Swings, or changes in seat count. But with a big increase in seat numbers, it’s harder to do a like-with-like comparison when there’s a 20% increase in the total numbers. While 13 seats would’ve been a majority under the old system, it would be a bad defeat under the new system. So for this post I thought I would run through each of the five electorates, looking at the likely outcomes in 2021 under 35 seats. |
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MacroBusiness
Monday, March 11, 2024 - 09:30
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The latest official population statistics from the Australian Bureau of Statistics (ABS) showed that the nation’s population grew by a record 624,000 in the 2022-23 financial year, driven by record net overseas migration of 518,000. Last week, the ABS released national accounts data for the December quarter, which included quarterly estimates of population growth derived |
Your Democracy
Monday, March 11, 2024 - 09:07
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An updated diagnosis of the most intractable problem currently facing the world economy - the simultaneous emergence of hot and homeless money, often illegal in origin, and a massive, growing, and ultimately unrepayable burden of debt incurred, often illegitimately, by the world's poor countries. |
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MacroBusiness
Monday, March 11, 2024 - 09:00
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Friday night saw the release of the latest US unemployment numbers, which came in softer than expected as headline unemployment rose. While the already soft USD continued to dive on the print, equity markets lost confidence with Wall Street selling off across the board. Futures are indicating a sour start to the trading week here The post Macro Morning appeared first on MacroBusiness. |
MacroBusiness
Monday, March 11, 2024 - 08:30
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Empty the asylums, for they are needed as rental properties! A senior doctor at an organisation closing two Sydney mental health hospitals said he was “appalled” at the decision, accusing the charity of contradicting its Christian ethos. Wesley Mission’s Kogarah and Ashfield hospitals will be closed on April 12 after the organisation failed to sell The post Immigration throws mentally ill onto streets appeared first on MacroBusiness. |
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MacroBusiness
Monday, March 11, 2024 - 08:00
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The Market Ear investigates. Are we in a bubble? BofA’s quant guru Savita sums up the 3 main ingredients for a bubble. You need: 1. a gap between price and intrinsic value 2. democratization of the asset class 3. rampant speculation, often amplified by the use of leverage According to her, we are not there…yet. The post Bubble or bull? appeared first on MacroBusiness. |
Your Democracy
Monday, March 11, 2024 - 07:30
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France is forming a coalition of nations that are willing to consider the possibility of deploying Western forces to Ukraine, Politico reports. |
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MacroBusiness
Monday, March 11, 2024 - 07:30
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Rebar futures continue to lead the way lower: Dalian iron ore futures broke the support line on its perfect little descending triangle Friday night: On the weekly chart, the death cross is dead ahead: Coking coal is already there: MySteel indexes are bad: Scuttlebutt is bad: Average daily hot metal output dropped for a third The post Iron ore goes over the cliff appeared first on MacroBusiness. |
MacroBusiness
Monday, March 11, 2024 - 07:00
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There is no bottom here and do not look for one. Property sales are calamitous: The Chinese are not stupid. They know the investment case for property is gone owing to the five Ds: demographics, debt, deflation, degloblisation and dictatorship. Indeed, form the perspecive of the private Chinese buyer, recent yawnulus efforts by Beijing are The post Chinese property turns catastrophic appeared first on MacroBusiness. |
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Your Democracy
Monday, March 11, 2024 - 06:15
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European Commission President Ursula von der Leyen has called on EU member states to invest heavily in the defense industry. These efforts should see the creation of weapons that will ensure the dominance of their armies on the battlefield, she said. Von der Leyen also equated European security with continued support for Ukraine, which she said Brussels will keep providing “for as long as it takes.” |
MacroBusiness
Monday, March 11, 2024 - 00:05
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On Saturday morning, I was interviewed by Luke Grant on Radio 2GB where I ran through the latest national accounts data from the Australian Bureau of Statistics (ABS) and explained why the Reserve Bank of Australia’s (RBA) employment forecasts are way too optimistic. The upshot is that Australia’s labour market is deteriorating far quicker than The post RBA is wrong on the economy appeared first on MacroBusiness. |
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The Australian Independent Media Network
Sunday, March 10, 2024 - 21:33
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By James Moore “The government of the United States doesn’t want peace. It wants to exploit its system of exploitation, of pillage, of hegemony through war. It wants peace, but what’s happening in Iraq? What happened in Lebanon? Palestine? What’s happening? What’s happened over the last hundred years in Latin America and in the world?”… The post A Broken Land appeared first on The AIM Network. |
Your Democracy
Sunday, March 10, 2024 - 19:21
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Gutfeld: If Biden was a Walmart greeter, he'd say hello as customers leave the store https://www.youtube.com/watch?v=SM0g0rjRVBo
My favorite Sesame Street character and the White House are in agreement about shrinkflation, Hope writes. |
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The Australian Independent Media Network
Sunday, March 10, 2024 - 18:19
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Junkyard Dutton slinks away from Dunkley in a blue funk, after his humiliating rout as the brains behind the Advance-Liberal (Ad Lib) coalition’s “Rapists, paedophiles and murderers”, fear n’ smear campaign. No-one can count a club of billionaires’ dark money, but a Qantas Chairman’s Lounge of plutocrats, masquerading as a grassroots outfit “Advance” report $5.2 million in… |
Renew Economy
Sunday, March 10, 2024 - 15:49
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The Australian Independent Media Network
Sunday, March 10, 2024 - 13:30
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The town hall meeting is the last throbbing reminder of the authentic demos. People gather; debates held. Views converge; others diverge. Speakers are invited to stir the invitees, provoke the grey cells. Till artificial intelligence banishes such gatherings, and the digital cosmos swallows us whole, cherish these events. And there was much to cherish about… The post The Campaign to Free Assange: Reflections on ‘Night Falls’ appeared first on The AIM Network. |
The Tally Room
Sunday, March 10, 2024 - 11:30
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Yesterday I was informed of a website from Tasmanian Labor that has been used in text messages to Tasmanian voters. I don’t normally comment on campaign rhetoric like this, but in this case the website name-drops me a number of times, and selectively quotes from an article I wrote for the Guardian six years ago. |
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Renew Economy
Sunday, March 10, 2024 - 08:20
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Cheeseburger Gothic
Sunday, March 10, 2024 - 06:09
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When the original Star Wars trilogy first aired on Chilean TV there were no ad breaks. But there were ads. Beer ads. In the movies. |
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MacroBusiness
Sunday, March 10, 2024 - 00:05
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On Friday evening, I was interviewed by Sky News’ Erin Molan about last week’s Q4 national accounts release from the Australian Bureau of Statistics (ABS) alongside the worsening housing crisis. Below are highlights from the housing discussion. Erin Molan: You talk about living standards, and one of the causes of that is this huge influx The post Australia’s housing market “an absolute disaster” appeared first on MacroBusiness. |
New Politics
Saturday, March 9, 2024 - 22:19
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The Australian Independent Media Network
Saturday, March 9, 2024 - 22:01
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Continued from Significant changes to a worn-out Australian democracy require some positivity from Peter Dutton Let’s envision a future where everyone has equal opportunities for growth and success. The key to achieving this noble goal is to let go of outdated social objectives and invest in a broader social and philosophical common good that benefits… |
Your Democracy
Saturday, March 9, 2024 - 14:27
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https://www.youtube.com/watch?v=jczt5zmxv6Y This is What Really Happened at the State of the Union (Media Won't Show You This)
HORRID... MAKES YOU FELL ILL... BS ON TOAST.... INSANE JOE.....
FREE JULIAN ASSANGE NOW.... |
