Blogotariat

There is an exceptional documentary running on Foxtel and/or AppelTV at the moment called Blood Money: Inside the Nazi Economy. It chronicles the rise of rise of Nazism from the macroeconomic angle, from the issuance of MEFO bonds and rearmament, through to the necessity of invasion and occupation as the economic output of the militarised

The post World must ready for war as Chinese growth dies appeared first on MacroBusiness.

NSW ministers will be barred from taking public sector jobs related to their portfolios for 18 months after leaving office.

NSW Premier Dominic Perrottet announced the crackdown on ministers’ future job prospects after getting an independent review into the recruitment of former deputy premier John Barilaro to a lucrative trade envoy job.

“The process was just flawed from the outset,” he said on Tuesday.

Those who watched the Chinese Ambassador, Xiao Qian deliver his speech to the National Press Club a week ago would have done so with mixed feelings. As a diplomat, he displayed all the characteristics of a very experienced spokesperson, quick to acknowledge that: “… the relationship between the two countries has been ‘difficult’ in recent times,…

The post Australia and China: The ‘middle man’ speaks appeared first on The AIM Network.

Australia’s house price bust has well and truly broadened beyond Sydney and Melbourne, with Brisbane now joining in the rout. As shown in the next chart, Brisbane’s daily dwelling values index has now fallen 1.8% from its mid-June peak, with prices down 0.7% so far in August: The rate of price growth across Brisbane plummeted

The post Brisbane joins Sydney and Melbourne house price collapse appeared first on MacroBusiness.

Global Macro / Markets / Investing: It gets hotter every year, and a new study shows how much climate change is already costing the global economy – Yahoo Tesla has built 3 million vehicles, a third of those in China, Elon Musk says – Market Watch Oil Prices Fall as China Cuts Policy Rates by

The post Links 17 August 2022 appeared first on MacroBusiness.

Another relatively mixed session for Asian stocks with Chinese bourses unstable with only the ASX200 lifting substantially as the Australian dollar continues to falter as it hovers at the 70 cent level while Euro flops around after a very poor start to the week. Meanwhile oil prices are also slipping, with Brent crude retracing further

The post Macro Afternoon appeared first on MacroBusiness.

Tonight I will be appearing on DFA Live with Martin North where we will discuss everything to do with the Australian economy and housing market. The show goes live at 8pm EDST.

The post Join me tonight on DFA for live Q&A appeared first on MacroBusiness.

By Gareth Aird, head of Australian economics at CBA: Key Points: The RBA August Board Minutes are the last piece of communication from the RBA until the all-important September Board meeting, where the RBA will once again raise the cash rate (the size of the impending rate hike is up for debate). The Minutes imply

The post RBA Board Minutes keep options open for September rate hike appeared first on MacroBusiness.

Two journalists, Simon Benson and Geoff Chambers, are soon to publish a book entitled Plagued, dealing with the Morrison Government’s response to COVID-19. The part of the book making headlines currently is the claim that Mr Morrison swore himself into various government ministries, without his colleagues’ knowledge. I want to look at a few articles…

The post Shadow Government: Morrison’s Ministries appeared first on The AIM Network.

Data from the Australian Automobile Association (AAA) highlights the impact of rising petrol prices on household budgets. The AAA’s latest Transport Affordability Index data shows that the average fuel bill nationwide rose by $5 a week to $100.39 in the June quarter. The average weekly cost of fuel was $98.37 in capital cities and $102.71

The post Soaring petrol costs squeeze household budgets appeared first on MacroBusiness.

The latest Roy Morgan business survey showed that confidence is lowest for the retail sector, which has halved over the past year: A new Roy Morgan survey gauging Father’s Day gift spending shows that Australians are preparing to send 7.7% less on gifts than they did last year amid rising concerns surrounding cost-of-living: Australians are

The post Rising cost of living cuts retail sales appeared first on MacroBusiness.