Last week, the Reserve Bank of Australia (RBA) released Q4 2024 data on household debt. As illustrated in the chart below, the ratio of household debt to income was 182% in Q4 2024, tracking close to a record high. This was driven by mortgage debt, which was tracking at 135% of household disposable in Q4.
The post Australian households remain buried in debt appeared first on MacroBusiness.
The German government plans to nominate Foreign Minister Annalena Baerbock as its candidate for the chair of the UN General Assembly during the 2025-26 session, media reports indicated earlier.
I wrote the forward to a time travel anthology a while ago. And for my sins, they sent me a bunch of bookplates to sign.
These things sat in my PO box for a while because the email from the editors telling me about them got swallowed up by Apple’s latest iOS update—which has turned the Mail app into a bit of a bin fire. Eventually, though, the team tracked me down and said, “Hey, you’ve really got to sign those bookplates.”
It has two main strategies, and you can see them both at work, right here, right now.
By George Monbiot, published in the Guardian 28th March 2025
You can’t do it differently until you imagine it differently.
By George Monbiot, adapted from a BlueSky thread, 2nd April 2025
One of capitalism’s greatest successes is to shut down our imaginations. With the help of its favoured tools – neoliberalism and fascism – it persuades us that “there is no alternative”. Our first task is to re-ignite our moral imaginations and name our alternatives.
Warner Bros Discovery’s Max streaming service debuted in an already-crowded Australian market on Monday. Warner Bros Discovery executive Jean-Briac Perrette is upbeat about the outlook for the sector, contending that streaming will be a “fantastic business”. “The streaming business, and the media business, to a large part, is moving towards a handful of successful, big
The Market Ear sees squirming robots. CTAs in US equities CTAs have aggressively sold US equities and are now estimated to be short $30bn. Not a huge number per se but we are at an interesting “extreme” level looking back over the past 10 years. This would be supportive evidence for a tactical long trade.
The post Stock robots squirm as hard landing builds appeared first on MacroBusiness.
Recall Labor’s Powering Australia Plan, which promised to reduce NEM wholesale electricity costs by $11 per MWh, from $62 to $51, by 2025. Prime Minister Anthony Albanese hailed this modelling by RepuTex Energy as “the most comprehensive modelling ever done for any policy by any opposition in Australia’s history since Federation”. Albanese also repeatedly spruiked that