French Prime Minister Francois Bayrou is urging the public to back his drastic public spending cuts, warning that the country’s debt is growing by €5,000 ($5,784) every second.
A ballot floats through the air like a mechanical butterfly, delicate in descent, but once it touches ground, everything freezes. The jungle goes mute. The city forgets its language.
I am about to break my indication that I am unlikely to post again until after Jen’s death.
Asian share markets are having a poor final session for the week although Japanese shares are seeing a big bid in response to tariff reversals while the latest BOJ meeting summary was met with appreciation. Yen was relatively steady against USD but other currency pairs continue to push the once mighty King dollar down again
The post Macro Afternoon appeared first on MacroBusiness.
Troppo readers may be wondering why I haven’t been blogging lately, after making a comeback several months ago after a long absence. The reason is that my wife Jen is in hospital dying from ovarian cancer.
By Stephen Saunders Despite July’s highly aggressive return-visit from UNFCCC bovver-boy Simon Stiell, the Coalition seems unlikely to seriously challenge Labor’s net zero cult. Albanese Labor enjoys a masochistic relationship with the pro-China United Nations. Following UN open-borders precepts, massive immigration induces 75-80% of our (unnecessary) population growth. It is nearly as silly as the
One of the negative side effects of the Australia-United States Free Trade Agreement (AUSFTA), which took effect in 2005, was that it increased patent and copyright terms, raising the price of drugs and copyrighted products. Thomas Faunce of ANU assessed that AUSFTA “undermined Australia’s PBS” by “allowing the US to alter the basic processes of
Goldman shows why Australia’s rental shock isn’t over. Weekly data from SQM suggest growth has picked up somewhat over recent months (Exhibit 6). The SQM data tends to lead CPI rent inflation, given SQM measures average rents across the flow of newly advertised properties, whereas the ABS measures rents across the entire stock of rental
The post Aussie rent shock returns appeared first on MacroBusiness.
Ferrous market prices are holding as steel output plunges. CISA has been catching down to cratered offical data in recent months. Chinese export data for July showed steel exports still going strong, but iron ore imports are down 2.3% year to date despite being up 4.7% in the month. After a tough start to the
The post Iron ore defies steel collapse appeared first on MacroBusiness.
In the lead-up to the 2022 federal election, Labor promised to run a smaller immigration policy if elected. However, as soon as they came to office, they convened the Jobs & Skills Summit, which was packed with pro-Big Australia shills, and used it as cover to gain a fake consensus to ramp immigration to record
The post Labor lies again on immigration appeared first on MacroBusiness.
In a recent tweet, Yellow Brick Road (Home Loans) Executive Chairman Mark Bouris made the case that Australia needs to act with confidence and for our leaders to put our nation first. In this Bouris is very much correct; Australia needs leadership that looks at the true state of the economy and our society in
The post Australia’s fragile economy needs a reboot appeared first on MacroBusiness.
What a sad sack of Labor leaders these two are. One is a backroom bovver boy with the economic nous of a gnat. The other wrote a PhD on economic reform and political bravery to fill the void of his own cowardice. Like many successful political partnerships, their point of difference is that they are
The post Two chickens dominate parliament appeared first on MacroBusiness.