The Boyer Lectures are a series of talks by prominent Australians, presenting ideas on major social, scientific or cultural issues, and broadcast on the Australian Broadcasting Corporation’s (ABC) Radio National. The lectures began in 1959 and a couple of years later were named after Richard Boyer, the ABC board chairman who suggested them. The lectures are delivered between September and December by prominent Australians selected by the ABC board and are intended to stimulate discussion and debate on a wide range of topics1.
International Reading: Chipotle CEO sounds alarm on the American economy – Yahoo USDA Quietly Deletes Its Contingency Plan for Funding SNAP – Notus Binance helped Trump crypto company make billions – Independent Not a good sign: Hershey Warns of Soft Halloween Candy Sales – Bloomberg Trump Ballroom Fiasco Takes Worse Turn as Economic Data Gets
Asian markets are generally lower although the latest Tokyo inflation numbers saw Japanese stocks rise swiftly with another BOJ rate hike now on the cards while the outcome of the Trump-Xi summit is not inspiring confidence in other risk markets. In currency land, the USD is getting stronger again with the Australian dollar pulled back
The post Macro Afternoon appeared first on MacroBusiness.
Justin Fabo from Antipodean Macro published the following chart comparing the official cash rates of the Reserve Bank of Australia (RBA) against the Reserve Bank of New Zealand (RBNZ). Fabo stated on Twitter (X) that “the RBNZ often goes harder in both directions on rates”, in reference to its recent higher peak and lower trough
Last week, I argued that Australia is the dumbest developed nation on Earth for choosing to give itself expensive and unreliable energy when it is literally a global energy superpower rich in everything other than oil. In retrospect, I should have awarded the “dumbest developed nation” prize to Germany, which stupidly chose to blow up
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In decades now long passed, the issue of migration was largely one of practical considerations, defined by questions such as: How many new arrivals per year is viable? How many homes do we need to build? What skills base needs to be expanded? What is the right path toward integrating new arrivals into society while
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