If there is a substantial expansion of the size of the federal Parliament, it will be a rare event. It has only happened twice before since federation, and hasn’t happened at all in my lifetime. About two thirds of Australian voters hadn’t cast their first vote before the last expansion in 1984.
At that year’s election, the House of Representatives was expanded from 125 to 148, adding 23 new electorates across the five mainland states. Almost every seat was redrawn, and the map looked quite different aftwards.
The Market Ear says blowoff. NASDAQ – doing what it does best NASDAQ continues trading inside the perfect trend channel that has been in place since May, continuing to do what it does best: Consolidating, breaking above it, ripping higher. Buying the 50 day remains simple but profitable… Source: LSEG Workspace SPX loves it SPX
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The ferrous market is in a period of comprehensive excess that cannot last. Even AI can read a broken ferrous market now. Record-high Chinese iron ore imports in recent months create a disconnect with domestic steel production trends. While import volumes surge, steel mill output faces restrictions from profitability constraints and government-imposed production limits, indicating
Another gas reservation flag has gone up the pole today. The Albanese government is considering introducing an energy policy spanning the entire east coast that prioritises volumes of gas to the domestic market through a baseline credit system in a potential fix to ease fears of local supply shortfalls. Officials from the federal government have
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As I said last time, Anthony Albanese has succeeded in making Labor the natural party of government in Australia, relegating the rightwing opposition to the role of “B team” and marginalizing the Greens and progressive independents. The cost has been the abandonment of Labor’s historic role as the “party of initiative”, pushing against the conservative “party of resistance”. Indeed, the reverse is now closer to the truth
Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.
Friday night saw the release of the latest inflation figures in the US which came in relatively soft given the tariff push on consumers and importers, but it opens the door for a probable “safe” cut from the Fed in its upcoming meeting. Further talks between the Xi and Trump regimes on rare earth exports
The post Macro Morning appeared first on MacroBusiness.
Late last week, The AFR published two articles by the same author on the same day that neatly encapsulated Australia’s housing farce. First, reporter Luke Kinsella noted that all states were falling short of their agreed National Housing Accord targets, which nationally “fell 66,000 homes short of the 240,000 required to keep pace with the
The post The great housing contradiction appeared first on MacroBusiness.
Last week, the vassal governor of Australia Anthony Albanese went to the imperial court in Washington and paid tribute to King Trump in the form of a “landmark deal” for joint mining of Australian rare earth deposits. The goal is to break China’s stranglehold on these critical minerals.
US Treasury Secretary Scott Bessent said on Sunday that he anticipates that China will revive substantial purchases of US soybeans for several years and will delay its expanded licensing regime for rare earths by a year and re-examine it.
Toward the end of World War II in Europe, the US government pondered a plan to not only demilitarize but also disintegrate and deindustrialize postwar Germany.
Last week saw Australia’s housing minister, Clare O’Neil, launch a propaganda campaign to distract voters from Labor’s housing failures. First, O’Neil tweeted that Labor that “for the first time in a decade, new homes are being built faster”, and that Labor is making homes more affordable by building more of them. O’Neil’s propaganda came as
Independent candidate Catherine Connolly, a long-time advocate of Irish military neutrality and a critic of NATO’s expansion and EU militarization, has won Ireland’s presidential election in a landslide.
The ballot count was still underway when Connolly’s main rival, Heather Humphreys, conceded defeat after early tallies showed her trailing by a wide margin. Preliminary results put Connolly ahead by 63% to 29%.
The latest figures on intimate partner femicide show much of a recent rise in men killing women has now been reversed, at least temporarily. Prologue: Violence against women is a bad thing, and it’s still bad even when, as the … Continue reading →