Blogotariat

The “Stats Guy” Simon Kuestenmacher is a renowned immigration shill. For years he has pumped out propaganda supporting a Big Australia. He was up to his old tricks last week, claiming that Australia faces worsening skills shortages unless it maintains historically high net overseas migration. “Let’s start with a quick analysis of how important foreign-born

The post More skills shortage baloney from the ‘stats guy’ appeared first on MacroBusiness.

Academics at the Australian National University and the University of Sydney have studied 189 million tax records between 2000 and 2018 and found that there are 50 times more people than expected bunched just below the point at which they would move into a higher tax bracket. Report co-author, ANU tax specialist Bob Breunig, stated

The post Punitive income taxes spur avoidance measures appeared first on MacroBusiness.

Ray Dalio for ya. What the latest readings from my bubble gauge say about the market. As you know, I like to convert my intuitive thinking into indicators that I write down as decision rules (principles) that can be back tested and automated to put together with other principles and bets created the same way

The post Dalio: Stocks not a bubble appeared first on MacroBusiness.

It’s been years since I wished I was Paul Bloxham. The world would be so much simpler. But, once again, it is true: Bloxham wonders if there’s another side-effect we need to start considering: rising house prices and higher rents are not typically a recipe for RBA rate cuts. He sees three key concerns. First,

The post Australia needs much higher house prices appeared first on MacroBusiness.

Due to record net overseas migration (NOM), Victoria (read Melbourne) has experienced the nation’s largest population expansion. Victoria’s population increased by 182,000 in the 2022-23 financial year, driven by NOM of 154,000: Victoria’s population has also ballooned by 2.1 million people (46%) this century, driven by a NOM of 1.3 million. This strong population growth

Shadow immigration minister Dan Tehan says the nation’s migrant intake is currently too high. Speaking on Sunday to David Speers on ABC Insiders, Tehan said that while Labor is pursuing a “Big Australia”, the Coalition wants a “better Australia”. “What I have said is, we don’t want Labor’s ‘big Australia’. Labor are pursuing a big

The post Coalition must release its immigration policy appeared first on MacroBusiness.

Brisbane City’s single-member wards lend themselves to two-party competition, but in recent decades we’ve seen the rise of the Greens, first by just contesting wards that had previously been two-candidate contests, and eventually by winning their first ward and increasing their vote citywide.

This post will be looking at some metrics that show how that traditional two-party system in Brisbane City has declined in the last two decades. It also shows a precipitous decline in Labor’s position in a council they once dominated.

https://www.youtube.com/watch?v=PMuEsZIRqco

Aaron Maté (The GrayZone) :

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Overnight saw some calm return to most markets without any major economic catalysts, as bond yields moved slightly higher on firming expectations of a rate cut from the Fed while the USD slipped only slightly, with gold zooming higher again. Wall Street lacked confidence to move higher while European stocks continued their rally while the

The post Macro Morning appeared first on MacroBusiness.

Rebar futures keep on falling, dragging down SGX: Dalian was down -3% but saved by a late-day ramp: This volatility is pivoting around “Two Sessions” headlines. The absence of the Chinese Premier is not very encouraging for new exciting new yawnulus: China’s Li Qiang will become the first premier in three decades to not hold

The post Iron ore ‘scraptastrophe’ scrapped appeared first on MacroBusiness.

One aspect of the Israeli military operation in Gaza that has been largely ignored by the mainstream media is the highly sophisticated psychological warfare being waged against the Palestinian people. A close look at some of the more unusual elements of Israeli strategy reveals the outlines of a plan that is clearly aimed at inflicting maximum psychological damage on its victims.

by Mike Whitney

https://www.youtube.com/watch?v=SELOFwQt8lo

This JOKER is fooling no one!

https://www.youtube.com/watch?v=WXvGz0-Bt1E

George Galloway launches war with Keir Starmer

We know that the consumer is smashed. Now we see that the supply side of the economy has responded to that weakness with a large destocking pulse.  These are classic recession dynamics as inventory drawdowns bash GDP lower. Westpac has more. Business inventories fell by even more than we anticipated and will be a substantial drag

The post Treasurer Chalmers to break 40 year recesssion record appeared first on MacroBusiness.