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MacroBusiness
Thursday, March 7, 2024 - 00:05
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Data from CoreLogic shows that housing rents rose 8.5% nationwide in February, to a record high of $614 per week. Separate data released this week by Domain showed that Australia’s rental vacancy rate collapsed to a record low 0.7% in February 2024: Suburbtrends director Kent Lardner notes that people in the lowest socio-economic households are The post Brace for a big rise in homelessness appeared first on MacroBusiness. |
Your Democracy
Wednesday, March 6, 2024 - 18:51
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After two years of war in Ukraine, western mainstream media still pretends that its coverage of this tragedy is in some sense "quality journalism". To any thinking observer this is laughable. Yet the fog of war is spread by the propaganda outlets that themselves accuse all alternative information sources as disinformation. |
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MacroBusiness
Wednesday, March 6, 2024 - 16:30
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Asian share markets have had a mixed session today despite the falls overnight on Wall Street with volatile commodity prices and US politics overshadowing confidence. The USD remains slightly weak against the majors due to the soft ISM services PMI while the Australian dollar has lifted slightly despite the poor GDP print locally. Oil prices The post Macro Afternoon appeared first on MacroBusiness. |
MacroBusiness
Wednesday, March 6, 2024 - 14:35
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Gareth Aird, head of Australian economics at CBA, has penned the below note in response to Wednesday’s weak national accounts data from the Australian Bureau of Statistics (ABS). Aird maintains that the soft consumer backdrop and rising unemployment will force the Reserve Bank of Australia (RBA) to commence an interest rate easing cycle in Q4 The post Deteriorating economy will force RBA to cut rates appeared first on MacroBusiness. |
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MacroBusiness
Wednesday, March 6, 2024 - 14:00
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It is becoming increasingly clear that the 5.25% worth of official cash rate (OCR) hikes by the Reserve Bank of New Zealand are crashing the housing market. Last week, Statistics New Zealand released data on residential building permits, which registered a heavy 8% decline in January. Detached house approvals also collapsed to their lowest level The post Reserve Bank blows up housing market appeared first on MacroBusiness. |
Renew Economy
Wednesday, March 6, 2024 - 13:56
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MacroBusiness
Wednesday, March 6, 2024 - 13:30
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Bernard Keane at Crikey has a good wrap. It’s hard to overstate how much the Liberals had going for them in Dunkley. Historically a Liberal seat, in a cost of living crisis, a candidate with name recognition as a local mayor, the absence of right-wing parties like One Nation and Clive Palmer’s United Australia, top The post Dunkley dumps Dutton. LNP should too appeared first on MacroBusiness. |
MacroBusiness
Wednesday, March 6, 2024 - 13:00
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Sharri Markson interviewed me on Tuesday night for Sky News, during which I spoke about the escalating rental crisis affecting Australia as a result of the federal government’s record-breaking immigration. Below are key highlights from the interview. Edited Transcript: Sharri Markson: We’ve spoken about the impact of immigration on housing at the start of the The post Australia’s policy driven housing disaster appeared first on MacroBusiness. |
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Your Democracy
Wednesday, March 6, 2024 - 12:39
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It doesn’t take much to encourage Penny Wong, sporting her ‘deeply concerned’ frown, to rattle the China can – a can she gave a good shake to yesterday.
Penny Wong rattles the China can By Paul Keating
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The Australian Independent Media Network
Wednesday, March 6, 2024 - 12:32
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The history of such experiments is not promising. Why would those in the US like the game of rugby league, when an established code of superficial similarity already exists? Fundamental differences, for one thing, abound. The US NFL Superbowl tries to keep blood and violence off the pitch. Force, when exercised, is chivalric, the moves… The post A Wishful Gamble: Rugby League in Las Vegas appeared first on The AIM Network. |
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MacroBusiness
Wednesday, March 6, 2024 - 12:30
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The Greens will release their housing policy on Wednesday. The Greens will propose establishing a new government agency that would build 360,000 affordable homes over five years at a net cost of $12.5 billion. Some 70% of the dwellings would be rental properties, with rents to be capped at 25% of average household income; one-fifth The post Greens announce plan to build homes for migrants appeared first on MacroBusiness. |
The Australian Independent Media Network
Wednesday, March 6, 2024 - 12:30
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Solutions for Climate Australia Media Release Climate advocacy organisation Solutions for Climate Australia today called on the Federal Liberal and National Parties to release policies that would reduce climate pollution this decade, not talk up unproven nuclear reactors. ‘We are deeply concerned that the Federal Coalition parties are promoting nuclear reactors and other dangerous distractions… The post Dutton’s nuclear reactors are the latest climate delay appeared first on The AIM Network. |
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MacroBusiness
Wednesday, March 6, 2024 - 11:57
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The Australian Bureau of Statistics (ABS) released the national accounts for the December quarter, which recorded aggregate GDP growth of only 0.2%, below economists’ and RBA expectations of 0.3% growth. Over the year, the nation’s GDP grew by only 1.5%. Government spending continued to drive growth: Domestic final demand contributed just 0.1 percentage points to |
The Australian Independent Media Network
Wednesday, March 6, 2024 - 11:45
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Oxfam warns that over six million people from farming families in Zambia are facing acute food shortages and malnutrition until next growing season, which is twelve months away, due to a severe drought, exacerbated by climate change and El Nino, which has caused massive crop failures for half of the nation’s “planted area.” The drought… The post Over six million people face hunger, malnutrition and water scarcity in Zambia, Oxfam warns appeared first on The AIM Network. |
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MacroBusiness
Wednesday, March 6, 2024 - 11:30
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Here is Max Chandler-Hater: There’s a reason that every time we’re in the middle of a cost of living crisis where people are doing it tough that the rich and powerful bring up migrants because is an excellent way for people like Peter Dutton to distract from the real culprits of this cost of living The post Max Chandler-Hater needs time in the woodshed appeared first on MacroBusiness. |
MacroBusiness
Wednesday, March 6, 2024 - 11:30
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The situation facing Australian renters continues to darken. Domain’s latest rental vacancy data shows that the national vacancy rate hit another record low of just 0.7% in February: Sydney’s and Melbourne’s rental vacancy rates fell to a record low of 0.8%, according to Domain. Brisbane’s rental vacancy rate fell for the second straight month to The post Australian tenants caught in rental doom loop appeared first on MacroBusiness. |
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MacroBusiness
Wednesday, March 6, 2024 - 11:00
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Former Australian Competition & Consumer Commission (ACCC) chair Allan Fels has called for the ACCC to investigate the insurance sector over its recent hike in insurance premiums. Speaking after three insurers reported a combined $1.3 billion in profits from Australian consumers in the February results season, Professor Fels expressed concern about competition in the insurance |
xkcd.com
Wednesday, March 6, 2024 - 11:00
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Your Democracy
Wednesday, March 6, 2024 - 10:56
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https://www.youtube.com/watch?v=5Z0ekb_Cj5s Angry Peter Doocy EXPLODES NONSTOP at John Kirby, makes his FACE MELTS in FEAR on stage
https://www.youtube.com/watch?v=hIcHPtwG274 Watch Josh Hawley LAUGHS After Mayorkas' Aide FOOLISHLY CONFESSED To 'Disinfo Comittee'...
READ FROM TOP
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The Tally Room
Wednesday, March 6, 2024 - 10:30
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In cases where members are elected to represent single-member wards, or divisions, Queensland councils use the optional preferential voting (OPV) electoral system to elect members. This covers all mayoral elections, as well as council seats in most urban south-east Queensland councils. |
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Renew Economy
Wednesday, March 6, 2024 - 10:30
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MacroBusiness
Wednesday, March 6, 2024 - 10:30
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Chairman Xeating is back and he’s mansplaining! Former prime minister Paul Keating has accused Australian Security Intelligence Organisation chief Mike Burgess of running a “goon show” and undermining efforts to stabilise ties with China, while also lashing Foreign Minister Penny Wong for being out of step with South-East Asia. Mr Keating issued a blistering statement The post Xeating mansplains: China is the boss of you appeared first on MacroBusiness. |
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Renew Economy
Wednesday, March 6, 2024 - 10:11
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MacroBusiness
Wednesday, March 6, 2024 - 10:00
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Greg Jericho from The Guardian and The Australia Institute penned an article lamenting the collapse in Australia’s productivity performance this century. “Whenever discussing any policy, we always should step back and ask what we are trying to do, and whether what we have been doing has worked”. “Take, for example, industrial relations. Have IR policies |
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MacroBusiness
Wednesday, March 6, 2024 - 09:30
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We have warned for months that Australia’s wage growth would stall as historically high net overseas migration collides with the slowing economy. This imbalance between labour supply and demand is best illustrated by the below chart plotting the sharp increase in the number of applicants per job advertisement against Australia’s official unemployment rate: As shown The post Australia’s wage growth canary croaks appeared first on MacroBusiness. |
Renew Economy
Wednesday, March 6, 2024 - 09:19
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MacroBusiness
Wednesday, March 6, 2024 - 09:00
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Overnight saw the release of the latest US ISM services PMI, which came in much softer than expected and led to a drop in the USD and bond yields. Wall Street still lacks confidence to move higher amid some tech wobbles, combined with the softer print sending it down more than 1% across the board, The post Macro Morning appeared first on MacroBusiness. |
The Australian Independent Media Network
Wednesday, March 6, 2024 - 08:40
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Peter Dutton has a vision for our energy future. Personally, I think that’s great. One should have a vision particularly if one is a political leader… Like Jeff Kennett. Being a Victorian, I clearly remember how Jeff shared his vision of a privatised energy market where choice and the market would bring down prices and… The post Peter Dutton’s New Clear Vision…Oh, Sorry Nuclear Fission! appeared first on The AIM Network. |
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MacroBusiness
Wednesday, March 6, 2024 - 08:30
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The Market Ear with bearish musings. How bullish is tech? NASDAQ is slightly lower than where we traded on February 9… Refinitiv Is this losing steam? NASDAQ remains trading inside the trend channel, but note the last break up has already been reversed, and the high never reached the upper part of the channel. This The post Mag7 cut down to Mag4 appeared first on MacroBusiness. |
Your Democracy
Wednesday, March 6, 2024 - 08:17
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https://www.youtube.com/watch?v=FfSS-dzucsU How to Stop WORLD WAR III... [GUS SAYS: DISMANTLE NATO AND KISS]....
The original goal of the North Atlantic Treaty Organization (NATO), according to its first Secretary General, was "to keep the Soviets out, the Americans in, and the Germans down.”
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