The nature of time has plagued thinkers for as long as we’ve tried to understand the world we live in. Intuitively, we know what time is, but try to explain it, and we end up tying our minds in knots.
The Coalition has one more round of bloodletting before it can try to compete. Andrew Hastie has emerged as the most popular preferred Opposition Leader behind Sussan Ley, as the Coalition’s primary vote remains stuck at record low levels, despite the Liberals and Nationals dumping net zero and promising tougher migration policies. A Newspoll published on the eve
The outlook Australians hold for the future has been deeply sub-par for a long while now, with the ANZ-Roy Morgan Consumer Confidence Index sitting dramatically below the post-1990 level and roughly where it was during the Global Financial Crisis. While elements of the index have undergone a recovery, the forward-looking subindexes remain in deeply concerning
The Market Ear with the update. Sellers spent? Here’s a curated collection of the best charts and trading-desk stats from overnight. Across hedge funds, CTAs, and long-onlies, positioning data suggests that most of the selling pressure may already be behind us. Beautiful bounce S&P 500 with a beautiful bounce off the 100-day moving average just
The post Tech puke over? appeared first on MacroBusiness.
The poor economics of green hydrogen have led to widespread project cancellations across Australia and globally, including in China. According to the Australian Financial Review, “more than 130 projects linked to hydrogen have received federal taxpayer money going back to 2017, according to the government’s grants register. While many pre-date this government, easily the largest came
The policy process in Canberra is broken. The government of the day refuses to budge on any national interest reform that threatens vested interests. As the polity grows increasingly agitated due to this inaction, the vested interests realise that their social license to operate is under attack. Over time, it is a risk they cannot
The post And now for fake gas reservation appeared first on MacroBusiness.
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.
On Wednesday this week, the ABS will finally release a full monthly CPI series that will ultimately replace the quarterly measure. Nowcasting measures suggest inflation is already falling back from the recent energy shock. As we know, the RBA pause has kicked the consumer in the teeth. And other measures are also weakening. Energy has
The post Aussie inflation is falling back appeared first on MacroBusiness.
Wall Street rebounded again on Friday night on renewed hope that the December rate cut maybe in play all due to the comments of Fed NY Chair Williams. This is going to probably lead to a significant lift on Asian share markets this morning, with SPI futures up at least 1% plus increased chances of
The post Macro Morning appeared first on MacroBusiness.
The rorting of Australia’s immigration system seems never-ending. In addition to the widespread rorting of the student and working holiday maker program and the blowout in asylum seeker claims and bridging visas, Australia’s partner visa program is also being ruthlessly rorted. In 2018, Dr Bob Birrell from the Australian Population Research Institute and former immigration
The Security Council’s backing of the Trump plan for Gaza ignores international law, punishes the Palestinians, and rewards those responsible for genocide.
The EU has reportedly rejected the Ukraine peace deal drafted by the White House, putting forward its own set of conditions for a potential agreement.
European Commission President Ursula von der Leyen made the announcement on Sunday as US officials were discussing Washington’s proposal with EU and Ukrainian representatives in Geneva, Switzerland.
THE PICTURE USED ON THE SPECTATOR ARTICLE IS EITHER DESIGNED TO REPRESENT THE CRAPPY SPECTATOR VIEW ON GLOBAL WARMING OR TO STIR THE POSSUM. GUS THINKS THAT THE SPECTATOR VIEWS ARE BROUGHT FORTH TO SLOW DOWN OUR EFFORTS TO MITIGATE WHAT IS CHANGING CLIMATE INDICATORS OF PLANET EARTH, INCLUDING UNDENIABLE RISING TEMPERATURE. HERE IS THE ARTICLE: