The National Bank of Canada has released some stunning charts on the rental crisis gripping Canada following the biggest immigration-fueled population explosion in the nation’s history, which saw the nation’s population grow by 1.25 million people in a single year. Canada’s population growth rate in 2023 was 3.2%, five times the OECD average: As shown
Global gas prices continue to free-fall: US $2.70GJ Europe $7.80Gj net back Asia $9.80Gj net back Except in Australia, where it comes out of the ground for $1Gj and is sold in the spot market by the East Coast Gas Cartel near Albo’s stupid $12Gj price cap: Because gas sets the marginal cost of power,
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Prime Minister Anthony Albanese was busy talking up Wednesday’s wage price data from the Australian Bureau of Statistics (ABS) which finally eked out positive real growth: Shadow Home Affairs Minister, James Paterson, hit back claiming that Australians are “substantially worse off” under the Labor government. Both are full of it. Yes, Australian wages are finally
Every fake lefty and fake righty exposed: Culture wars have long been the favourite trick of the Murdoch press to distract the working classes while exploiting them for money and power. Today, we also have the UnMurdoch Press – The Guardian, Saturday Paper, Crikey, etc – and their obsession with fighting counter-culture wars. The battle
Wall Street put in a new record high as the latest Nvidia earnings and buzz around AI pushed the whole edifice up, dragging along European stocks as well as the latest global PMI readings came in better than expected. This saw bond markets sell off again as yields rose across the complex while the USD
The post Macro Morning appeared first on MacroBusiness.
The Market Ear on the rampaging bull. Mag7 – what bubble? BofA’s great derivatives team points out : “Most historical asset bubbles have seen volatility rise substantially prior to the bubble peak as assets begin to trade more on momentum and less on any fundamental grounding”. Mag7 is far from the real manias when it
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Dear Julian, We’re holding you in our hearts. I had a strong dream about you recently. It was clear and simple. You were free; walking in the streets of Melbourne. It was lunchtime on a sunny day. You were happy and relaxed and all passers by were friendly and glad to see you. May this dream come true. I sense that it will.
US President Joe Biden’s recent insulting remarks are proof that it would be better for Russia if he stayed in office, Russian President Vladimir Putin said on Thursday.
Speaking at a fundraiser in California on Wednesday, Biden had called Putin a “crazy son of a b*tch.” Russian journalist Pavel Zarubin asked the Russian president to comment on this.
Inflation is falling back down to earth across the globe. This reflects the unwinding of pandemic supply bottlenecks, which saw factories and shipping lanes close, driving goods and tradeable inflation through the roof amid strong government stimulus. The world’s economies are now experiencing the flipside. Factories and shipping lanes are open (save for Houthi attacks
Community opposition to the AUKUS project finds expression in a Sydney suburb.
United Nations Media Release UN experts* today expressed alarm over credible allegations of egregious human rights violations to which Palestinian women and girls continue to be subjected in the Gaza Strip and the West Bank. Palestinian women and girls have reportedly been arbitrarily executed in Gaza, often together with family members, including their children, according…
