Many were hoping for a minority government moderated by the Senate. It made perfect sense. Two mainstream sides of politics have served up the same gruel for 15 years. The gruel is nasty, and the punters don’t like it. Small changes moderated by a batch of independents are a least-worst option. For a nation that
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There are hints of the trade shock landing on China but they are so far minor. American freight route costs have pancaked. But freight volumes are still fine. Perhaps as dumping elsewhere begins. Ahead is a problem. With some offset already accelerating on the ground. It’s not going to be a banner year for China.
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DXY is making hard work of it. AUD is ripping your face off now. Lead boots will be lead boots. Oil is about to crater. I will buy a deeper gold pullback. Metals have no interest in growth. Miners yuck. EM gapped into madness. Junmk says no bueno. Treasuries are confused. Stocks are on fire
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The federal election has delivered a stomping Labor victory with the party winning 85 seats and a comfortable majority, with 19 seats still in doubt. The Coalition was routed, scoring one of its lowest primary votes on record. Leader Peter Dutton lost his seat (good riddance), alongside senior figures like Michael Sukkar. Shadow immigration minister
Good morning, I have been writing this blog post after getting home to wrap my own head around the scale of the count. I expect I will have some issues with the website’s accessibility today, so some of this may also be posted over on Tally Room in Exile, my backup blog.
Firstly, it appears that there has been a significant increase in the number of contests involving minor parties and independents, but it will be some time before we can say how many seats are now non-classic.
Polls have just closed on the east coast.
You can discuss the election results here tonight.
I won’t be liveblogging tonight – I’ll be helping with the ABC’s election coverage. But I’ll be back on Sunday with some written analysis and a podcast.
I suspect the website may struggle with traffic tonight, but I am just going to let it cope as best it can.
It is a beautiful, cool, sunny, Saturday morning in Canberra, and my partner and I just walked the few hundred metres to the local school hall to vote in the federal election, both for the House of Representatives and for half of the Senate. Federal and state elections are always held on Saturdays in Australia and voting is compulsory. The House of Representatives is voted on in its entirety every 3 years while the Senate is voted on every 6 years, with half of them facing the voters at the same time as the House of Representatives does.
Australians are about to be jilted. There is a very widespread disenchantment and disillusionment with politics, the media, any given person being reported on or even doing the reporting, and a pervasive sense of ‘this country is increasingly stuffed’ on the streets. The issues at the core of that are issues which both mainstream sides
Polls have just opened on the east coast in today’s federal election.
I won’t be posting today, but you can discuss the election here.
I’ll put up another open thread at 6pm. I won’t be liveblogging tonight – I’ll be helping with the ABC’s election coverage. But I’ll be back on Sunday with some written analysis and a podcast.
Risk markets are having a solid finish to the trading week while recent news that the Chinese may actually be open to talking about tariffs with the US, plus the Canadian auto industry seemingly getting another exemption on parts, with futures indicating an even better start in Europe. All eyes will be on the latest
The post Macro Afternoon appeared first on MacroBusiness.
I recently attended a forum on Climate and Economics in my local area with some very interesting topics discussed, ranging from the LNP’s nuclear power ideas to the dangers of not meeting Net Zero by 2050 and, of course, the upcoming Federal Election. Here are some snippets from the forum. The full transcript and audio