Oz Blog News Commentary
Cheeseburger Gothic Friday, July 19, 2024 - 10:25 Source

I got back from Tassie late on Wednesday and I’ve been thinking about something I only half realised while I was down there. I didn’t have a bad hot chip/french fry the whole time I was one the island. And I ate a lot of hot chips! They seemed to come with everything. And not the tiny, grudging obligatory serve you’d get anywhere else, but rather these heaped high mounds of salty hot carby goodness.

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MacroBusiness Friday, July 19, 2024 - 10:00 Source

Shanghai rebar is howling that the FE complex is in deep trouble as it takes out seven-year critical support on the monthly chart: The trigger yesterday was a meek Third Plenum statement: At the session, an analysis of the present situation and the tasks we face was conducted. It was highlighted that we must remain

The post Iron ore and steel turn falling comet appeared first on MacroBusiness.

Sticky: No Friday, July 19, 2024 - 10:00 Source

We were going to try swordfighting, but all my compiling is on hold.

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Your Democracy Friday, July 19, 2024 - 09:31 Source


Media Worries About Making Trump a Hero By Talking About Assassination Attempt, with Matt Taibbi


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MacroBusiness Friday, July 19, 2024 - 09:30 Source

AMP chief economist Shane Oliver posted a series of charts on Twitter (X) suggesting that Australia’s labour market is not as rock-solid as Thursday’s official June labour force survey from the ABS suggested. Oliver noted that the June quarter NAB business survey showed a further fall in hiring plans: This followed the monthly NAB business

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MacroBusiness Friday, July 19, 2024 - 09:15 Source

As is often the case, Australians are forced to look to foreign maniacs to address their interests over the policies of the Canberra suicide squad. I have noted many times how China is often Australian punters’ friend ahead of their illustrious leaders. Examples include Beijing shutting down the Chinese trade in Australian property in 2018,

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MacroBusiness Friday, July 19, 2024 - 09:00 Source

More political and macro volatility overnight as the ECB meeting came and went with no change while the odds of President Biden stepping down increase. Wall Street pulled back further alongise European stocks although the latter had some relief as Euro pulled back as USD captured the safe haven bid. Volatility is increasing across all

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Friday, July 19, 2024 - 07:51 Source

NATO Just Revealed Its Next Target...You Won't Believe What Happens Next



Why China’s Economy isn’t Actually Collapsing?


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Your Democracy Friday, July 19, 2024 - 07:30 Source

Joe Biden has accused Elon Musk “and his rich buddies” of trying to “buy” the US presidential election, following claims that the billionaire is planning to make major contributions to a group that supports Republican frontrunner Donald Trump.

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MacroBusiness Friday, July 19, 2024 - 07:00 Source

PropTrack’s rental affordability index has collapsed to a record low, with households earning the median income of $111,000 only able to afford to rent the lowest share of properties since records began in 2008. Unlike mortgages, rents cannot be leveraged. This means that rental growth tends to be tied to household incomes, limiting its potential

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MacroBusiness Friday, July 19, 2024 - 06:40 Source

DXY rebounded last night: AUD fell: North Asia too: Oil and gold eased: The copper bubble burst: Miners retest on deck: EM too: Junk is fine, suggesting a run of the mill correction for overheated risk: Yields popped: Stocks dropped: Commodities were puked, and why not? China’s Third Plenum was all quality and no quantity

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The Tally Room Friday, July 19, 2024 - 06:00 Source

Ben is joined by Ferran Martinez i Coma from Griffith University to discuss his research on how election campaigning differs in Spain in districts electing odd or even numbers of representatives.

We end up discussing more broadly the unsual impacts odd- and even-numbered district magnitudes impact on elections in Australia, and the ways in which the use of different district magnitudes (big and small) change how an electoral system manifests in both countries.

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MacroBusiness Friday, July 19, 2024 - 00:10 Source

Wednesday’s dwelling construction data from the Australian Bureau of Statistics (ABS) was an unmitigated disaster and showed that the nation’s housing shortage continues to worsen. Only 171,667 dwellings were completed in the year to March, roughly 78,000 below the Albanese government’s annual 240,000 construction target. The forward-looking construction indicators were even worse. There were only

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