Blogotariat

Oz Blog News Commentary
John Quiggin Tuesday, February 27, 2024 - 13:54 Source

Managers need to recognise that the best way to dissipate authority is to fail in its exercise

My latest in Inside Story

Authority is powerful yet intangible. The capacity to give an order and expect it to be obeyed may rest ultimately on a threat to sanction those who disobey but it can rarely survive large-scale disobedience.

Read more Views: 31
Renew Economy Tuesday, February 27, 2024 - 13:38 Source
Read more Views: 24
MacroBusiness Tuesday, February 27, 2024 - 13:30 Source

Over the pandemic, we saw a record share of mortgages taken out at cheap fixed rates. According to the Australian Bureau of Statistics (ABS), fixed-rate mortgage lending peaked in August 2021 at 46% of total lending, or $26 billion in dollar terms: The latest data from the ABS shows that fixed-rate mortgage lending collapsed to

The post Australian fixed-rate mortgage lending collapses appeared first on MacroBusiness.

Read more Views: 20
Your Democracy Tuesday, February 27, 2024 - 13:01 Source

Recent revelations have proved Russia had no choice but to extinguish the growing threat within Ukraine.

“We have been left no other option to protect Russia and our people but for the one that we will be forced to use today,” Russian President Vladimir Putin noted solemnly during his announcement of a special military operation in the Donbass. “The situation requires us to take decisive and immediate action.”

Read more Views: 22
MacroBusiness Tuesday, February 27, 2024 - 13:00 Source

Australian Chamber of Commerce & Industry (ACCI) CEO Andrew McKellar says the inflation outlook means it is likely to seek a lower increase in the minimum than the 3.5% rise that it advocated in 2023. “I’d be very surprised if we were at the same level this year”, he told The AFR. “Fundamentally, we’re seeing

The post Business lobby pushes for real wage cuts appeared first on MacroBusiness.

Read more Views: 23
MacroBusiness Tuesday, February 27, 2024 - 12:30 Source

Roy Morgan’s latest polling of voting intentions shows that two-party support for the ALP has decreased 2.5% to 50%, bringing it level with the L-NP (up 2.5%). If these results were replicated at the next federal election, we would have a hung parliament, with minor parties and independents deciding who would form our next government.

The post Coalition would win if it replaced Peter Dutton appeared first on MacroBusiness.

Read more Views: 24
The Australian Independent Media Network Tuesday, February 27, 2024 - 12:12 Source

Oxfam Australia Media Release Gaza farmers’ two-month-long “golden time” of agricultural production has been destroyed by Israel’s military bombing and sealing of northern Gaza, ruining the enclave’s richest farmlands which are one of its biggest sources of fruit and vegetables. With Israel’s actions also severely restricting humanitarian aid, the loss of local agricultural production is…

Read more Views: 25
MacroBusiness Tuesday, February 27, 2024 - 12:00 Source

Now this is amusing. I somehow missed it a few months ago: Industry super fund QSuper handed back the keys to a prime New York City midtown office tower after its investment went under water just 2½ years after valuing the asset at $US540 million ($855 million) on its books. The decision to appoint a

The post Towering Inferno just beginning appeared first on MacroBusiness.

Read more Views: 16
MacroBusiness Tuesday, February 27, 2024 - 11:30 Source

TD Securities has joined ANZ Bank in tipping that the Reserve Bank of New Zealand will hike the official cash rate (OCR) at its Wednesday monetary policy meeting. TD cite last week’s Q1 Household Inflation Expectations data, claiming that the rise in 2-year and 5-year expectations is too difficult for the Reserve Bank to ignore.

The post Interest rate hawks squawk loudly appeared first on MacroBusiness.

Read more Views: 12
MacroBusiness Tuesday, February 27, 2024 - 11:00 Source

As the global gas price crash proceeds everywhere but Australia, locals should take a moment to thank Qatar for stepping in where their own government is too cowardly to tread. As we know, gas prices in Asia and Europe are about 20% lower than in Australia. That is, for Australian gas. Say what? This is

The post Aussies can thank Qatar for lower energy bills appeared first on MacroBusiness.

Read more Views: 17
Renew Economy Tuesday, February 27, 2024 - 10:33 Source

Read more Views: 26
MacroBusiness Tuesday, February 27, 2024 - 10:30 Source

Perth has become Australia’s housing boom town. CoreLogic’s daily dwelling values index shows that Perth has recorded the largest house price rebound after values nationally bottomed in late January 2023: Perth dwelling values have rebounded by 18.7% from late January 2023, easily beating the 11.0% increase across the five major capital cities. Perth values also

The post Perth is the new housing boom town appeared first on MacroBusiness.

Read more Views: 23
The Tally Room Tuesday, February 27, 2024 - 10:30 Source

The AEC last week officially commenced a redistribution of the Northern Territory’s two federal electorates.

I’ll keep this blog post short and sweet. I won’t bother with a map, since there are only two seats, making the equation simple.

Antony Green’s blog post from early February included a useful chart which compared enrolment for the two divisions of Lingiari and Solomon since 2017.

The two electorates had roughly equal enrolment in mid-2019, but Lingiari has tended to have higher enrolment since then.

Read more Views: 24
MacroBusiness Tuesday, February 27, 2024 - 10:00 Source

The Albanese Government released the Australian Universities Accord Final Report over the weekend, which recommends the following targets for higher education attainment: increasing the tertiary education attainment rate from 60% to at least 80% of Australians in our workforce by 2050; increasing the proportion of university-educated Australians aged 25 to 34 years from 45% to

Read more Views: 18
MacroBusiness Tuesday, February 27, 2024 - 09:30 Source

So say Marko Kolanovic at JPM. In the last 3 years, narratives for the macro regime went from the ‘roaring 20s’ post-pandemic secular recovery, to imminent recession, to the current goldilocks and best of all worlds when it comes to growth, inflation and monetary easing. Optimism now is quite high and some describe the current

The post Is an inflation “second wave” coming? appeared first on MacroBusiness.

Read more Views: 15
MacroBusiness Tuesday, February 27, 2024 - 09:00 Source

Wall Street stalled again overnight as the new trading week got underway with European markets pulling back. The USD slipped a little while bond yields rose in the absence of any significant economic events although these will start to ramp up as the week goes on. The Australian dollar was again stuck at the mid

The post Macro Morning appeared first on MacroBusiness.

Read more Views: 15
Renew Economy Tuesday, February 27, 2024 - 08:53 Source
Read more Views: 23
MacroBusiness Tuesday, February 27, 2024 - 08:30 Source

DXY eased: AUD fell anyway: Dragged own by North Asia. Xi Jinping is sitting in his palace with a white-knuckled grip on CNY: Brent firmed, gold eased: Dirt yawn: Big miners are heading for a big test: EM yawn: Junk yawn: The curve is rolling over: Stocks stalled: Credit Agricole has an interesting observation: One

The post Australian dollar is the Terrible 1 appeared first on MacroBusiness.

Read more Views: 19
MacroBusiness Tuesday, February 27, 2024 - 08:00 Source

Iron ore futures were belted again yesterday: Iron ore fell to the lowest since October — after dropping almost 9% last week — with hopes for a rebound in Chinese steel demand following the Lunar New Year holidays fading. Futures for the steelmaking ingredient lost as much as 3.6% in Singapore on Monday, a worrying

The post Iron ore in free fall appeared first on MacroBusiness.

Read more Views: 21
MacroBusiness Tuesday, February 27, 2024 - 07:30 Source

Barclays with the note. Some nice charts and sensible analysis here. More upbeat, but hard to see a sustained rebound in consumption The complete set of holiday travel and spending data offers ome insights ahead of the January-February activity-data release (18 March), and for Chinese households latest travel preferences and spending patterns (see Figure 5

The post Chinese economy sinks appeared first on MacroBusiness.

Read more Views: 26
Your Democracy Tuesday, February 27, 2024 - 06:22 Source

The US senses that the clock is running rapidly down on its power. The question in Washington regarding war with China is not if, but when–and how.

In many traditions, when you paint or sculpt a Buddha, the eyes are the very last part to be painted. It’s only after the eyes have been completed that the sculpture is fully alive and empowered.

Read more Views: 24
Your Democracy Tuesday, February 27, 2024 - 05:49 Source

Read more Views: 26
Your Democracy Tuesday, February 27, 2024 - 05:39 Source

As a child of the Cold War, action movie star Steven Seagal told RT that he was taught to fear Russia, but that visiting his grandparents’ homeland made him realize that it was home to some of the “deepest and most beautiful culture on Earth.” 

Born in Michigan at the dawn of the Cold War in 1952, Seagal said that he was “raised in a Russian household,” but that his parents soon instructed his grandparents not to speak Russian around him.

Read more Views: 28
MacroBusiness Tuesday, February 27, 2024 - 00:10 Source

ABC Business Reporter, Gareth Hutchens, cited Australian Housing and Urban Research Institute (AHURI) research claiming that over the past 25 years, the share of high income households living in the private rental market has tripled in Australia. This growth in high-income renters has driven lower-income households into insecure housing and homelessness, according to Hutchens. “In

Read more Views: 34
MacroBusiness Tuesday, February 27, 2024 - 00:05 Source

US Federal Reserve rate cuts are still coming, in my view, but keep getting pushed back. Goldman: In a speech this evening, Governor Waller said that he is “going to need to see at least another couple more months of inflation data before I can judge whether January was a speed bump or a pothole”

The post RBA and Fed neck and neck to first rate cut appeared first on MacroBusiness.

Read more Views: 27
Renew Economy Monday, February 26, 2024 - 21:12 Source
Read more Views: 29
Your Democracy Monday, February 26, 2024 - 20:20 Source

Most Germans are dissatisfied with Berlin’s policies regarding Ukraine, according to a new survey. Many believe the government is doing too much for Ukrainians that arrived in Germany after the start of the conflict between Moscow and Kiev, while not doing enough to help end the fighting, a poll conducted by INSA polling institute for the tabloid Bild shows.

Read more Views: 24
MacroBusiness Monday, February 26, 2024 - 17:00 Source

Asian share markets are generally slow to start the week given mixed macro signals over the weekend and the reversal in Chinese stocks. The USD is still pulling back against most of the major currency pairs but there are signs this is slowing, while the Australian dollar is barely able to hold above the mid

The post Macro Afternoon appeared first on MacroBusiness.

Read more Views: 31
The Australian Independent Media Network Monday, February 26, 2024 - 16:35 Source

By Denis Bright   The hopeful possibilities of reaching out to build a better future for Australians and for our peaceful regional neighbours are under challenge across the political spectrum from more opportunistic political goals. There are possibilities of a return to more social democratic agendas through better policy management in our existing market economy. The…

The post Destabilizing Australia: Will the LNP’s Culture Wars Be Victorious? appeared first on The AIM Network.

Read more Views: 36
Your Democracy Monday, February 26, 2024 - 16:25 Source

Italy should revoke the visas of people with “pro-Putin” views to make sure they do not disrupt the delivery of Western military aid to Kiev, Ukrainian President Zelensky said at a press conference on Sunday. He made his comments a day after signing a security agreement with Italian Prime Minister Giorgia Meloni during her visit to the Ukrainian capital.

Read more Views: 25

Pages