The fake left meltdown continues today. The fake left Guardian is busy defending fake left media coverage. “Anyone who thinks this is about a 12-second clip on a Panorama more than a year ago that not a single viewer complained about is not reading the proper story,” said one. “What’s going on here is much
The post Neither the ABC nor BBC are “left” appeared first on MacroBusiness.
In January 2003, the day before the Canberra bushfires struck, I left Melbourne with my now-wife to commence working as a graduate economist at the Australian Treasury. I was inducted by then-Secretary Ken Henry and his deputies, who taught us about the Treasury’s long tradition of providing “frank and fearless” advice to the federal government
Goldman has an amusing take on the Shenzhen property market, once the hottest in China. Policy environment:The expert was relatively cautious regarding policy environment in Shenzhen. The expert highlighted that easing measures that have been introduced so far, such as HPR relaxation and mortgage rate cuts, have had limited effects and failed to effectively boost
The Market Ear with more. Perfection prevails NASDAQ continues to trade perfectly within the trend channel that’s held since May. Buying dips near the channel lows and the 50-day has remained a simple and profitable strategy. The hammer candle we flagged over the weekend (here) looks powerful and confirms the setup. Source: LSEG Workspace More
The post Boom back appeared first on MacroBusiness.
The ferrous complex is weakening fast, as it should. Streel production has been slashed, but prices keep falling. The steel export pressure release valve has closed. Mills are shuttering. “We are hearing more stories about steel mills facing mounting losses, prompting several to announce maintenance plans in November,” said Westpac’s head of commodity strategy, Robert
The Climate Change Authority recently warned that electric vehicles (EV) will need to account for 50% of Australia’s new car sales over 10 years if the federal government’s emissions reduction targets are to be met. Federal and state governments already provide substantial subsidies and incentives for EVs, which cost their budgets billions of dollars. Many
we expect something in return
we atheist being nice to another run
makes us hope others will be nice to us
for the believer needs to be better plus
to get a place amongst virgins and angels
unless god demands wars against the infidels
to fill his kingdom with the cadavers of devils
that were our souls we grew with nasty wills
so life continues with her dying in his arms
Today’s post is the latest chapter in my series analysing the history of previous parliamentary expansions at a federal level. In my last post, I analysed how the pendulum changed during the 1948 redistribution. For this post, I am going to look at how MPs responded to this new map, which seats were left without a sitting MP at the subsequent election, and how the swing varied depending on whether an MP ran for the seat.
DXY is fading again. AUD popped. CNY yawn. Gold rebound. AI metals too. The chosen one returns. EM is back. Junk green light. Yields ease. Stocks BTFDUMF! The shutdown is nearly over. The White House expressed support for the bipartisan deal to end the US shutdown, which makes it likely the government reopens within days.
The post Australian dollar rips with risk appeared first on MacroBusiness.
Everything is awesome on risk markets again as the US government shutdown appears over due to some spineless and feckless Democrats (but I repeat myself) bend the knee in the Senate. Wall Street rallied taking back most of last week’s losses with other stock markets following suit. This will probably last until the Supreme Court
The post Macro Morning appeared first on MacroBusiness.
In the ongoing debate surrounding the Australian economy, there have always been and will continue to be defenders of the current economic strategy, whatever it may be. Historically, it was one of backing industries, boosting home ownership and strongly targeted migration. This strategy, for the most part, had goals that both sides of the political