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MacroBusiness Tuesday, December 10, 2024 - 14:45 Source

At today’s monetary policy meeting, the Reserve Bank of Australia (RBA) left the official cash rate unchanged at 4.35%. Economists and financial markets widely anticipated the decision. While the RBA acknowledged that “underlying inflation remains too high”, it did recognise that recent economic data has been weaker than forecast, giving the RBA that the upside

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MacroBusiness Tuesday, December 10, 2024 - 14:00 Source

He’s not much of investor, our Albo. Prime Minister Anthony Albanese’s rollercoaster ride on the property market continues. Having sold his $1.75m Dulwich Hill investment townhouse last month after reducing his expectations from $1.9m, Mr Albanese and fiancee Jodie Haydon this week turned their attention back to their Copacabana acquisition. The couple had initially listed

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MacroBusiness Tuesday, December 10, 2024 - 13:30 Source

The latest polling suggests that Prime Minister Anthony Albanese’s Labor is facing the prospect of becoming Australia’s first one-term government since the Great Depression. The brightest news for Labor is that the latest Newspoll has both major parties tied at 50% on a two-party preferred basis. However, that is where the good news ends. This

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MacroBusiness Tuesday, December 10, 2024 - 13:00 Source

Illion with the note. New data released this week by credit bureau illion, an Experian company, suggests that after three months of hotly anticipated Stage 3 tax cuts, they are working as intended, however the economy is still shaky. Implemented to offer cost of living relief and support stretched households, money from the tax cuts

The post Tax cuts pay down debt appeared first on MacroBusiness.

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MacroBusiness Tuesday, December 10, 2024 - 12:30 Source

The Australia Institute’s Greg Jericho has called for the Reserve Bank of Australia (RBA) to cut interest rates because real household consumption has fallen. Chief economist Greg Jericho explains why the RBA must cut interest rates at its meeting this week, showing the decline in household spending pic.twitter.com/5BTKjjwqkb — Australia Institute (@TheAusInstitute) December 8, 2024

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MacroBusiness Tuesday, December 10, 2024 - 12:00 Source

Australia’s emissions decreased by 3 million tonnes of CO2 over 2023–24, according to the Climate Change Authority’s (CCA) annual progress report, which was a fifth of the 15 million tonnes annually needed to meet the federal government’s target of emissions falling 43% on 2005 levels by 2030. The CCA declared that more action is required

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MacroBusiness Tuesday, December 10, 2024 - 11:30 Source

I reported on Monday how Australian households have experienced a record 8.4% decline in real per capita incomes since the Albanese government came to office in Q2 2022. This decline in real household disposable incomes is also the largest in the developed world. Polling released this week by Resolve Political Monitor showed that 59% of

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The Australian Independent Media Network Tuesday, December 10, 2024 - 11:11 Source

The reports through Western presses read rather familiarly. Joyful residents taking selfies on abandoned, sullen tanks. Armed men ebullient and shooting into the sky with adventurist stupidity. The removal of statues and vulgar reminders of a regime. Prisoners freed; torture prisons emptied. The tyrant, deposed. This is the scene in Syria, a war with more…

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