Blogotariat

There was some positive news on the rental front. CoreLogic reported that national rental growth slowed to just 0.2% in November, the slowest monthly growth rate since April 2021. This meant that the annual rate of rental growth slowed to 5.3%, down from 8.1% at the same time last year and by more than 9%

The post Australia’s “rental boom is over” appeared first on MacroBusiness.

Friday night was unusually boisterous given the mid week US Thanksgiving break with Wall Street lifting alongside European shares to provide risk markets with a positive end to the trading month. The USD remains somewhat weak against most of the majors with Euro holding above the 1.05 level while Yen made new highs and the

The post Macro Morning appeared first on MacroBusiness.

NAB with the note. We must acknowledge that US economic exceptionalism has recently become even starker and is ostensibly supportive of further US dollar gains into year-end. We would not be surprised to see the Aussie trade with a five in front of it at some point next year. The Australian dollar currently has nowhere

The post Major bank: Australian dollar headed for 50s appeared first on MacroBusiness.

Gideon Haigh has a lovely write-up (naturally) of Ian Redpath, who passed away over the weekend. I’m not sure why but he is the first Australian Test cricketer I recall ever being aware of. And what I recall is watching him bat and thinking he was impossible to get out.

It’s weird to me that the bloke who undertook to build a national environmental protection agency for all Australians on the eve of the last federal election just blew it all up. Labor was so close – this close! – to securing a deal with the Greens to establish Environment Protection Australia and a new data body called Environment Information Australia. And then, bam, Anthony Albanese kiboshed the whole deal.

Last week, Statistics Canada released the Q3 national accounts, revealing that the economy grew at an annualised rate of only 1.0% in the third quarter. This is well below the Bank of Canada’s estimate of potential GDP of 2.4% this year and its October forecast of 1.5%. Canada’s population expanded by 3.0% in the year

The post Canadian and Australian economies slowly ‘bleed out’ appeared first on MacroBusiness.

By James Moore   We thought we were clever but I suspect we were mostly naive and maybe even a bit rude. Down on U.S. Highway 83, south of Laredo and along the border with Mexico, there was an old community rising up out of the waters of Falcon Lake. Guerrero Viejo had been submerged after…

The post Trump’s Folly appeared first on The AIM Network.

The ragtag Yemeni militia’s self-imposed partial blockade of Red Sea waters to Israeli, US and ‘Israeli-linked’ commercial shipping over the past year has humbled Israel’s powerful American allies, with Western warship deployments and attempts to “degrade” the militia’s capabilities proving fruitless to date.

The last week of the Senate sittings for 2024 was ‘hectic’, ‘confused’, ‘a shambles’ or ‘getting it done’, depending on who you want to believe. The thing is that Prime Minister Albanese’s ALP Government got most of what they wanted out of the legislative logjam in the Senate and converted it into actual legislation. Again,…

The post Sir, he copied my homework appeared first on The AIM Network.

I lost my husband, unexpectedly and traumatically, recently. The only way I can make something better of the experience is to pass on suggestions to other people to make their own future catastrophe less crushingly irritating and gut-churning panic inducing. (This is a work in progress: advice from professionals and those who’ve lived through it…

The post The logistics of death and the longterm relationship appeared first on The AIM Network.

The BRICS nations will be hit with 100% tariffs on their goods if they try to introduce a reserve currency to rival the dollar, US President-elect Donald Trump has warned. Trump has repeatedly threatened to use tariffs to achieve his geopolitical goals.

”The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,”Trump wrote on his Truth Social platform on Saturday.

Palestinians are being intentionally massacred, starved, and stripped of everything needed to sustain human life. There are no words that can adequately convey the pain and depravity of this aggression. Those who cannot be moved by the pictures of dismembered and charred corpses will not be moved by some words. What sort of world have we descended into?  Asks Dr. Tanya Haj Hassan.