Blogotariat

It took a few years of tolerable incompetence, caused fears about security, and was meant to be the great surveillance salvation to reassure us all. Instead, Australia’s COVIDSafe App only identified two positive cases of infection during the SARS-CoV-2 pandemic, and failed, in every sense of the term, to work. Launched in April 2020, this…

The post Stumbling Surveillance: The end of the COVIDSafe App appeared first on The AIM Network.

Prominent economist Tony Alexander has released a new report arguing that “fear of overpaying” (FOOP) is behind the collapse in home sales and the ballooning in listings across New Zealand. Accordingly, “deep weakness” has permeated the housing market: Sales of properties are running around 40% down from a year ago, it is taking 13 days

The post FOOP drives Kiwi home buyers “into shadows” appeared first on MacroBusiness.

The Australia Institute’s chief economist and executive director, Richard Denniss, has published startling analysis showing that the Norwegian Government will this year collect $137 billion from their oil industry courtesy of their well designed super profits tax. In turn, Norway’s Sovereign Wealth Fund will soar to $1.8 trillion – shared among only 5.3 million people.

Terry McCrann wrote a strange article in the Weekend Australian arguing that the Reserve Bank of Australia’s (RBA) interest rate hikes are actually “super stimulatory” because the real interest rate has fallen: In Australia, at the end of 2021, the RBA’s official cash rate was 0.1 per cent. Inflation for the year was 3.5 per

The post RBA rate hikes “super stimulatory” appeared first on MacroBusiness.

I don’t think many Americans appreciate just how tense and tenuous, how very touch and go the energy situation in Europe is right now.

For months, as news of the Ukraine war receded a bit, it was possible to follow the energy story unfolding across the Atlantic and still assume an uncomfortable but familiar-enough winter in Europe, characterized primarily by high prices.

Australia’s auction results rallied for the third consecutive week, with the preliminary clearance rate lifting above 60% for the first time since early June after 61.5% of auctions returned a successful result (up 2.0% from last week): The rebound nationally was driven by Melbourne, whose preliminary clearance rate rebounded to 65.5%. This was the highest

The Market Ear with more on how far the bear market rally has run to correct market positioning. Short covering getting extreme Short covering getting extreme as net US hedge fund flows turn positive. JPM writes: “…the short covering has been the main driver of late and is now one of the most extreme in the

The post No bears left! appeared first on MacroBusiness.

The Business Council of Australia has released a discussion paper designed to kickstart a nationwide conversation about the best ways to shift Australia into the fast lane of growth.

The world is changing around us. Australia finds itself in the crosshairs of several major shifts including the rise of Asia, technological and digital advances and the global adoption of green energy sources.

Stock markets finished the trading week with vigour on Friday night with big gains on Wall Street as inflation expectations may have peaked with the latest US CPI print. The USD returned to form and gained some 0.5% against the major currencies with Euro in the main retracing back most of its post-CPI gains, while

The post Macro Morning appeared first on MacroBusiness.

Australia’s great power shock correction continues today as the gas price sits at around $17Gj allowing electricity prices to establish a new lower range, though still triple more traditional prices: Believe it or not, these prices are still high enough to double utility bills in the next year! The egregious leftie press has taken a

The post QLD, VIC, NSW demand gas reservation appeared first on MacroBusiness.