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The Tally Room
Tuesday, March 5, 2024 - 10:30
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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. |
MacroBusiness
Tuesday, March 5, 2024 - 10:00
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Queensland Liberal National Party senator Gerard Rennick says he would support an end to the 50% capital gains tax (CGT) discount on the sale of homes, provided that negative gearing is not altered. Rennick says ending negative gearing would just see landlords push up rents, but that he could “live with the idea” of doing The post Go ‘Back to the Future’ on capital gains tax appeared first on MacroBusiness. |
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Your Democracy
Tuesday, March 5, 2024 - 09:54
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https://www.youtube.com/watch?v=PMuEsZIRqco Aaron Maté (The GrayZone) :
READ FROM TOP
FREE JULIAN ASSANGE NOW.... |
MacroBusiness
Tuesday, March 5, 2024 - 09:30
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Capital Economics with the note. Donald Trump’s previous tariffs did surprisingly little damage to China’s economy, but China may find it harder to shrug off the damage in a rematch. Mr Trump is threatening larger tariff increases if he is elected again. And the factors that cushioned the impact last time – currency depreciation and The post Trump Tariffs 2.0 will sink China appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, March 5, 2024 - 09:00
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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. |
MacroBusiness
Tuesday, March 5, 2024 - 08:00
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DXY eased last night: AUD is weak: CNY is in stasis forever now. What a global reserve it’s going make! Oil fell, and gold ramped: Base metals yawn: Miners yawn: EM yawn: EM junk is still leading risk on: Treasuries sold: Stocks meh: As we head deeper into the year, it’s time we consider the The post Australian dollar destroyed by Trump appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, March 5, 2024 - 07:30
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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. |
Cheeseburger Gothic
Tuesday, March 5, 2024 - 07:08
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I so need this stupid little app. It’s free, it’s called Galactic Compass, and it’s available on the App Store. |
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Your Democracy
Tuesday, March 5, 2024 - 06:53
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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
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Your Democracy
Tuesday, March 5, 2024 - 06:04
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Tesla and SpaceX CEO Elon Musk appears to agree with American investor David Sacks, who has argued that after the collapse of the Soviet Union, NATO lost its reason to exist, but decided to embark on an expansion spree to fill the void. |
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Your Democracy
Tuesday, March 5, 2024 - 05:27
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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
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MacroBusiness
Tuesday, March 5, 2024 - 00:05
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The Albanese government’s target of building 1.2 million homes over five years continues to slip further out of reach. On Monday, the Australian Bureau of Statistics (ABS) released dwelling approvals data for January, which fell another 1.0% (expected +4.0%) over the month. This follows the 10.1% fall in December. The next chart plots monthly dwelling The post All indicators scream housing crash appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, March 5, 2024 - 00:05
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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. |
Renew Economy
Monday, March 4, 2024 - 20:34
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MacroBusiness
Monday, March 4, 2024 - 20:30
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H.J. Johnstone ‘A Billabong in the Goulburn Valley, Victoria’ 1878, Art Gallery of South Australia AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 The post Macro Afternoon: 4 March 2024 appeared first on MacroBusiness. |
Cheeseburger Gothic
Monday, March 4, 2024 - 17:02
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Jane and I had cocktails in the city on the weekend. She chanced upon a bar called Dr Gimlette which looked pretty cool, so we decided to suss it out. It was good. |
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The Australian Independent Media Network
Monday, March 4, 2024 - 15:06
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Nuclear weapons are considered the strategic silverware of nation states. Occasionally, they are given a cleaning and polishing. From time to time, they go missing, fail to work, and suffer misplacement. Of late, the UK Royal Navy has not been doing so well in that department, given its seminal role in upholding the doctrine of… The post Mistakes, Misfiring and Trident: Britain’s Flawed Nuclear Deterrence appeared first on The AIM Network. |
Renew Economy
Monday, March 4, 2024 - 14:59
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Renew Economy
Monday, March 4, 2024 - 14:38
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Your Democracy
Monday, March 4, 2024 - 14:25
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While the journalist [Julian Assange] waits to be determined on his fate, a significant number of erroneous or misleading comments and information must be countered. While media coverage of the latest hearings in London in the extradition trial of Julian Assange was, on the whole, correct, it once again gave rise to a significant number of erroneous or misleading comments and information.
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MacroBusiness
Monday, March 4, 2024 - 14:15
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CBA’s write-up of Monday’s Q4 business indicators survey from the Australian Bureau of Statistics (ABS) included the below chart on private final demand: “The Business Inventories data today suggests demand in the private sector remained quite subdued”, CBA economist Stephen Wu wrote. “As the facing chart shows, overall income from sales rose by just 0.2%/qtr. |
Renew Economy
Monday, March 4, 2024 - 13:57
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MacroBusiness
Monday, March 4, 2024 - 13:40
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Dimitris Valatsas, the chief economist at US advisory firm Aurora Macro Strategy, penned a note to clients last week where he warned that contractionary fiscal policy settings are likely to make New Zealand’s recession even worse. “New Zealand has ample fiscal space to support the economy and it seems bizarre to me that it is The post Reserve Bank wrestles with worsening recession appeared first on MacroBusiness. |
MacroBusiness
Monday, March 4, 2024 - 13:00
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Bill Mitchell from Brisbane Radio 4BC interviewed me, and I explained how ineffective government policies regarding energy and immigration have made the cost-of-living crisis in Australia worse. Below are highlights from the interview. Edited Transcript: If you take Queensland, for example. You are a massive energy exporter. You have got oodles of coal and oodles The post Dumb policies are driving up cost-of-living appeared first on MacroBusiness. |
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The Australian Independent Media Network
Monday, March 4, 2024 - 12:34
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Despite the headlines on Sunday morning, it seems that the vast majority of the attendees at Mardi Gras last weekend were in fact ‘feeling the love’ police said the overall behaviour of 120,000 spectators and 12,500 participants on Saturday night was “pleasing”. There were no major incidents other than the arrest of the seven men… The post The biggest loser appeared first on The AIM Network. |
MacroBusiness
Monday, March 4, 2024 - 12:30
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RBA futures are finally figuring out that interest rate cuts are coming. Though they still have the quantum and timing wrong. And I guess we can’t blame futures too much when the RBA itself seems to have no idea that it will be slashing rates in due course: Futures are beginning to align with the The post RBA futures finally figure out rate cuts are coming appeared first on MacroBusiness. |
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MacroBusiness
Monday, March 4, 2024 - 12:13
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Bank economists had tipped that the Australian economy would narrowly avoid a contraction in GDP when the Q4 national accounts are released on Wednesday. Most economists tipped that the economy would grow by 0.2% to 0.3% over Q4, with per capita growth contracting for a fourth consecutive quarter. The Q4 business indicators data released on The post Aussie recession odds jump appeared first on MacroBusiness. |
Renew Economy
Monday, March 4, 2024 - 12:09
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The Australian Independent Media Network
Monday, March 4, 2024 - 12:03
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By James Moore Anyone who knows the Texas and Mexico border in any manner even approaching familiarity, would have laughed in D. Trump’s face during his news conference at Eagle Pass. Technically, there was nothing news worthy about his appearance on the banks of the Rio Grande and he did not answer questions. Instead, he… The post The Borderlord: Chapter Two appeared first on The AIM Network. |
MacroBusiness
Monday, March 4, 2024 - 11:50
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There is further good news on the inflation front, with the Melbourne Institute’s (MI) Inflation Gauge for February recording a 0.07% decline: The three-month annualised rate is also encouraging, falling to 1.2% in February from 1.5% in January. Over the year, the MI’s inflation gauge fell to 4.01%, which was a 22-month low: The core The post Aussie inflation continues to fall appeared first on MacroBusiness. |
