MacroBusiness
Thursday, March 14, 2024 - 12:00
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Deloitte Access Economics has published a note on Australia’s housing crisis, which is attributed to housing demand via population growth (read immigration) overrunning the housing supply. “The root of Australia’s housing crisis is that supply is failing to keep up with rising demand”, Deloitte says. “Demand has escalated in line with strong population growth driven |
The Australian Independent Media Network
Thursday, March 14, 2024 - 11:49
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How delicious is political hypocrisy. Abundant and rich, it manifests in the corridors of power with regularity. Of late, there is much of it in the US Congress, evident over debates on whether the platform TikTok should be banned in the United States. Much of this seems based on an assumption that foreign companies are… The post Prejudicial Bans: Congress Tosses over TikTok appeared first on The AIM Network. |
MacroBusiness
Thursday, March 14, 2024 - 11:30
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Treasurer Jim “Chicken” Chalmers is a very practised liar but he’s not too bright: The federal government’s revenue expectations will be downgraded significantly in the May budget due to falling commodity prices and a softening jobs market, Treasurer Jim Chalmers will reveal on Thursday. While the government is still striving to deliver a budget surplus The post Treasurer Chalmers goes raw prawn on iron ore appeared first on MacroBusiness. |
Renew Economy
Thursday, March 14, 2024 - 11:25
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Renew Economy
Thursday, March 14, 2024 - 11:04
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MacroBusiness
Thursday, March 14, 2024 - 11:00
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The Committee for Economic Development of Australia (CEDA) argues in a new report that the nation’s pool of skilled migrants is being underutilised. CEDA’s senior economist, Andrew Barker, says recent migrants earn significantly less than Australian-born workers, and many are in jobs that are beneath their skill level. “Recent migrants earn significantly less than Australian-born |
MacroBusiness
Thursday, March 14, 2024 - 10:30
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Last week’s Q4 national accounts release from the Australian Bureau of Statistics (ABS) showed that real per capita household consumption fell by 2.5% in 2023, which was the weakest result since the 2008 Global Financial Crisis outside of the pandemic: The ABS’s January Household Spending Indicator also revealed that, in nominal terms, household spending increased |
The Tally Room
Thursday, March 14, 2024 - 10:30
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In yesterday’s post I explored some of the intra-party dynamics you get under Hare-Clark when multiple candidates from the same party are competing. In this post I wanted to map out the relative strength of different candidates from within a single party across an electorate. There’s some similarities in style to this post I did for the last ACT election in 2020. |
MacroBusiness
Thursday, March 14, 2024 - 10:00
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Data from the Association of Superannuation Funds of Australia (ASFA), published in The Australian, shows that couples now require $72,148 a year ($1382 a week) to live comfortably in retirement, while single people need $51,278 ($982 a week). The cost of a comfortable retirement increased by 3.5% in 2023, according to ASFA, below the official |
Your Democracy
Thursday, March 14, 2024 - 09:42
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The Russian president gave an extended interview to the director of Sputnik’s parent media agency on Wednesday, focusing on the crisis in Ukraine, the threat of direct NATO intervention and the prospects for peace talks. |
MacroBusiness
Thursday, March 14, 2024 - 09:30
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It was Bob Hawke that committed Labor to no child living in poverty. He must be rolling his grave. Labor is now minting child poverty on an industrial scale. In the last few weeks, Anthony Albanese’s astonishing housing crisis has become more personal for me. I have had direct exposure to a series of young The post Freeze immigration and stop Albo’s economic child abuse appeared first on MacroBusiness. |
MacroBusiness
Thursday, March 14, 2024 - 09:00
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Risk markets were again quite muted overnight with the USD falling slightly in the wake of the recent inflation print as markets overall are positioning for next week’s Fed meeting. Wall Street stumbled again after trying to make another new high while European stocks performed soundly. Asian shares will try to claw back the previous The post Macro Morning appeared first on MacroBusiness. |
MacroBusiness
Thursday, March 14, 2024 - 08:30
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My long-term investment idol is back. Well, the U.S. is really enjoying itself if you go by stock prices. A Shiller P/E of 34 (as of March 1st) is in the top 1% of history. Total profits (as a percent of almost anything) are at near-record levels as well. Remember, if margins and multiples are The post Has Jeremy Grantham lost his touch? appeared first on MacroBusiness. |
MacroBusiness
Thursday, March 14, 2024 - 08:00
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There are some great charts in this presention. Albert Edwards at Societe General. Complacency is dangerous. One only has to think of the fate of Julius Caesar on the Ides of March–which somewhat worryingly is this Friday. Hence now that almost every market guru has walked back their recession call, wouldn’t it be just typical The post Albert Edwards: US hard landing dead ahead appeared first on MacroBusiness. |
MacroBusiness
Thursday, March 14, 2024 - 06:33
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BofA with the note. The People’s Bank of China (PBoC) has expanded its balance sheet by nearly RMB5tn or12% over the past 7 months, according to the latest data released by the central bank (Exhibit 1). This larger-than-usual expansion has led some to claim that China isnowembarking on its own version of Quantitative Easing (QE) The post Can QE float the Chinese Titanic? appeared first on MacroBusiness. |
MacroBusiness
Thursday, March 14, 2024 - 06:12
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These days, everybody is a drama queen so it no surpise that a small fall in iron ore has them ripping at the bodice. Yet, so far, the correction in iron ore has been relatively small and not much more than blowing the froth off the NY party: Iron ore is very volatile so this The post Iron ore drama eases appeared first on MacroBusiness. |
The Australian Independent Media Network
Thursday, March 14, 2024 - 03:01
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By Denis Bright The issue of AUKUS has resurfaced from the murky depths of undersea politics. ABC News graphics remind readers of the latest additional payment to fast track the AUKUS deal with its proposed cost of at least $US368 billion. Public policy interest in the AUKUS submarine saga is now being propelled by doubts… The post Issues Changing the Nation: Never Ending AUKUS Submarine Policy Sagas appeared first on The AIM Network. |
MacroBusiness
Thursday, March 14, 2024 - 00:05
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NSW Premier Chris Minns Tweeted the following on Tuesday bemoaning Sydney’s deepening housing crisis: Minns cites NSW Productivity Commission analysis released last month bemoaning that young families are abandoning Sydney because they cannot afford housing: We can all agree that Sydney’s housing market is stuffed. Sydney’s rental prices are by far the most expensive in |
The Australian Independent Media Network
Wednesday, March 13, 2024 - 22:11
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By James Moore There was a line, but we pretended it did not exist. That was the best way to get through each day as we came of age. In our factory town, there were the laborers and the management, and the families in our neighborhood supplied the muscle and bone to build the cars… The post Independence Way appeared first on The AIM Network. |
Your Democracy
Wednesday, March 13, 2024 - 20:34
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Part II: Al-Aqsa Flood, or People’s War in the New Era Mao Zedong says: the enemy advances, we retreat; the enemy camps, we harass; the enemy tires, we attack; the enemy retreats, we pursue. His theorizing on guerrilla warfare can be described as the flea war. |
Your Democracy
Wednesday, March 13, 2024 - 20:03
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Last month, former FBI informant Alexander Smirnov was arrested and charged for allegedly fabricating a multimillion-dollar bribery scheme involving US President Joe Biden and his son Hunter Biden. |
MacroBusiness
Wednesday, March 13, 2024 - 20:00
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With many Australian investors under-invested in international shares, this is a reminder of why and how you can get international exposure. Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen and Chief Strategist, David Llewellyn-Smith, run through the top reasons to own international shares at this point in the cycle. |
Cheeseburger Gothic
Wednesday, March 13, 2024 - 18:29
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MacroBusiness
Wednesday, March 13, 2024 - 17:30
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Asian share markets are putting in very mixed sessions as the trading week continues with currency markets absorbing the slightly stronger than expected US inflation print from overnight. Wall Street is looking to open slightly higher despite the mixed mood with the USD finding some lost ground but Euro and Pound Sterling are firming heading The post Macro Afternoon appeared first on MacroBusiness. |
Renew Economy
Wednesday, March 13, 2024 - 17:18
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Renew Economy
Wednesday, March 13, 2024 - 17:05
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THE BLOT REPORT
Wednesday, March 13, 2024 - 15:26
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I have just seen another Coalition vegetable (Ted O’Brien) on the Australian Broadcasting Corporation’s 7:30 show1. The reason O’Brien was on the show was in relation to nuclear energy, and he failed to answer any questions put to him by Sarah Ferguson; instead he simply talked over the top of her. This is a technique often used by creationists and is called the Gish Gallop. It is a rhetorical technique that involves overwhelming your opponent with as many arguments as possible, with no regard for the accuracy, validity, or relevance of those arguments. |
Renew Economy
Wednesday, March 13, 2024 - 15:10
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Renew Economy
Wednesday, March 13, 2024 - 15:05
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The Australian Independent Media Network
Wednesday, March 13, 2024 - 14:34
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Media Release Join Craig Foster, refugee communities and dignitaries for the Sydney leg of the Big Walk 4 Refugees – a 2.5km walk from the Maritime Museum to Fleet Park – this Sunday 17 March. In the first four weeks of the virtual walk, hundreds of people in all states and territories have powered through 40,000 kilometres to show support… The post Join Craig Foster for Sydney Big Walk 4 Refugees this Sunday appeared first on The AIM Network. |