MacroBusiness
Friday, December 8, 2023 - 10:00
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Australian unit & apartment rents will continue to rise strongly in 2024 as record immigration-driven demand collides with falling rates of construction. The latest dwelling approvals data from the Australian Bureau of Statistics (ABS) showed that the number of units & apartments approved for construction fell to just 64,200 in the year to October, which |
Renew Economy
Friday, December 8, 2023 - 09:54
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MacroBusiness
Friday, December 8, 2023 - 09:40
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Some numbers courtesy of Barclays. How severe are the haircuts required? In our view, the absence of debt-principal haircuts for developers with highly leveraged balance sheets and unsustainable capital structures implies that repeated restructurings are likely in the future. By failing to address its level of debt, the issuer effectively kicks the can down the The post Good luck rescuing Chinese ponzi-developers appeared first on MacroBusiness. |
The Australian Independent Media Network
Friday, December 8, 2023 - 09:29
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Now, I’m going to divide you into two groups here: You read the headline and were appalled. You read the headline and immediately realised that in any large group it’s likely that half will be below average.* And, of course, it’s not that those of you in the first group lack basic numeracy or statistical… The post Nearly Half Of School Students Below Average! appeared first on The AIM Network. |
MacroBusiness
Friday, December 8, 2023 - 09:20
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The one person I would never ask is a vested interest. But, given media has no brain of its own these days, that’s what the AFR did: To solve the mystery of strong iron ore prices, Detective Chanticleer turned to Huw McKay, BHP’s chief economist, who is based in Singapore. His answer was deceptively simple: iron The post Why has iron ore boomed and why is it doomed? appeared first on MacroBusiness. |
MacroBusiness
Friday, December 8, 2023 - 09:00
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Risk sentiment is doing better as markets anticipate tonight’s US jobs report with US bond markets calming done after a drop in yields earlier in the week. Wall Street finally found a bid, helped by tech stocks while European bourses had a breather as the USD also fell back a little helping Euro pause its The post Macro Morning appeared first on MacroBusiness. |
Your Democracy
Friday, December 8, 2023 - 07:48
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The Tally Room
Friday, December 8, 2023 - 07:00
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Ben is joined by Shaun Ratcliff from Accent Research to discuss his recent report looking at differences in voting trends across the generations. We discuss how Millenials and Gen Z voters are much more left-wing than Baby Boomers, explore some theories as to why, and look at evidence as to which of those theories may be right. We then discuss what this implies for the next few decades of Australian politics. |
Renew Economy
Friday, December 8, 2023 - 07:00
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Your Democracy
Friday, December 8, 2023 - 06:43
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ON THE OCCASION OF UNCOP28 IN DUBAI, ONE HAS TO REFLECT ON ANOTHER EVENT IN THIS MODERN CITY. THE DUBAI SAILGP IS ON AND THE RACES WILL BE HELD ON SATURDAY 9TH AND SUNDAY 10TH DECEMBER 2023…
ONE HAS TO ADMIRE THE TECHNOLOGY WHICH A FEW YEARS AGO WAS NOT AVAILABLE — NOT EVEN DREAMED OF... THERE IS A BIT OF BITTER/SWEET TASTE ABOUT SAILGP — IN RELATION TO CARBON NEUTRAL. |
Your Democracy
Friday, December 8, 2023 - 06:00
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America is in the midst of a domestic political crisis with a literal madman and his cult/Party — heavily supported by some of America’s largest companies — threatening to turn America into a dictatorship. As Yahoo news reports this morning: |
MacroBusiness
Friday, December 8, 2023 - 00:05
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CoreLogic’s daily dwelling values index is showing that a two-speed market has developed across Australia’s major capital cities. As illustrated in the next chart, value growth has stalled across Melbourne and Sydney, which has dragged down growth at the 5-city aggregate level. By contrast, growth remains strong across Brisbane, Adelaide and Perth: Quarterly value growth |
Renew Economy
Thursday, December 7, 2023 - 21:40
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Cheeseburger Gothic
Thursday, December 7, 2023 - 18:26
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I’ve learned not to bother trying to work on days that I go in for skin cancer excisions. For one thing, I’m too full of codeine afterwards to be able to concentrate. So today I just had a day off. I read Tom Holland’s Roman history, Pax. Watched a couple of YouTube videos. Had a nap. Bought myself a disgracefully cheap roast chicken from Woolies for dinner, tore it up and threw it on some disgracefully cheap bread rolls. I might watch John Wick 4, or I might go to bed early. Haven’t decided yet. Reckon there might be some more painkillers and perhaps a whiskey in my near future, however. |
MacroBusiness
Thursday, December 7, 2023 - 17:30
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Evening at Hazeldene, Church Street, Richmond, 1908, R.E. Taylor Ghee, NGV AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 Easy Listening Pogues, Fairytale of New York The post Macro Afternoon: 7 December 2023 appeared first on MacroBusiness. |
MacroBusiness
Thursday, December 7, 2023 - 17:30
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Asian share markets are reeling again, with the red across the board as Yen rallies against USD while risk sentiment in China remains quite negative. Traders are positioning for tomorrow’s US employment print – the non farm payroll report – which could come in a lot softer than expected. Oil prices are looking to fall The post Macro Afternoon appeared first on MacroBusiness. |
Renew Economy
Thursday, December 7, 2023 - 15:18
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Renew Economy
Thursday, December 7, 2023 - 15:04
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The Australian Independent Media Network
Thursday, December 7, 2023 - 14:23
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In most instances, the justice system of a liberal democracy presumes absence of arbitrary and cruel treatment by the State. Punishment, when levelled, is finite. It might see out the term of a convict’s natural life, but that would only be for the most extreme cases. Even then, the whiff of parole, while far off,… The post Actuarial Justice: Released Refugees and Secondary Punishment appeared first on The AIM Network. |
Renew Economy
Thursday, December 7, 2023 - 14:14
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Renew Economy
Thursday, December 7, 2023 - 13:59
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Renew Economy
Thursday, December 7, 2023 - 13:56
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MacroBusiness
Thursday, December 7, 2023 - 13:30
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Western Sydney has traditionally been the dumping ground for newly arrived migrants. The Western Sydney ghetto is designed to provide cheap migrant labour to the Eastern suburb elites who enjoy rentier profits from over-priced shoe box apartments and postage stamp housing lots, inflated land banks, as well as mortgages and retail by volume. It is |
MacroBusiness
Thursday, December 7, 2023 - 13:00
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This site has regularly lamented the politicisation and loss of independence of Australia’s public service. I witnessed this phenomenon first hand in the early to mid 2000s while working at the Australian Treasury and Victorian Treasury, whereby governments of either persuasion were too willing to outsource policy development to consultants or erroneously named think tanks. |
The Australian Independent Media Network
Thursday, December 7, 2023 - 12:30
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By Steve Davies The normalisation and globalisation of moral disengagement Earlier this year I created The Moral Disengagement Handbook. The handbook focusses on the Australian Government and the Australian Public Service. Why did I focus on them? Because over the past decade Australians have lived through and witnessed an appalling decline in the behaviour and… The post Dark Age Within. Dark Age Without. appeared first on The AIM Network. |
MacroBusiness
Thursday, December 7, 2023 - 12:30
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Things are moving fast. Just a few weeks after the primary prototype for Small Nuclear Reactors all but collapsed, COP28 has breathed new life into the segment. Bill Gates’ advanced nuclear reactor company TerraPower LLC and the United Arab Emirates’ state owned nuclear company ENEC said on Monday they have agreed to study the potential The post COP28 rescues Dutton’s nuclear fantasy appeared first on MacroBusiness. |
MacroBusiness
Thursday, December 7, 2023 - 12:05
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Get ready to dive into the future of investing with us this week! Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer Damien Klassen and Head of Advice Samuel Kerr explore the most exciting investment themes set to redefine the next few years. We’re talking about groundbreaking trends that every savvy investor The post MB Fund Podcast: Revolutionary Investment Opportunities appeared first on MacroBusiness. |
MacroBusiness
Thursday, December 7, 2023 - 12:00
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Update on Simandou from RIO. Simandou is the world’s largest untapped high-grade iron ore deposit. The Simfer joint venture’s2 mine concession held an estimated Total Mineral Resource as at 31 December 2022 of 2.8 billion tonnes, of which Rio Tinto is today reporting the conversion of an estimated 1.5 billion tonnes to Ore Reserves that support The post RIO Tinto to sell Coke for Allies, Fanta for Nazis appeared first on MacroBusiness. |
MacroBusiness
Thursday, December 7, 2023 - 11:40
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The Federal Chamber of Automotive Industries (FCAI) has released new car sales data for November, which reported that 112,141 cars were sold over the month, up 17.9% from November 2022: The next chart shows the strong growth in both SUV and commercial vehicle sales, which have come at the expense of passenger vehicles: The boom The post New car sales boom alongside population appeared first on MacroBusiness. |
The Australian Independent Media Network
Thursday, December 7, 2023 - 11:30
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Oxfam Australia Media Release The Israeli military onslaught in southern Gaza is causing destruction, danger, and civilian terror and suffering at such a scale that makes any humanitarian response impossible across the entire enclave, says Oxfam. The nightmare is unfolding in full view of the international community. “Our political leaders are failing – in abject… |