MacroBusiness
Thursday, April 18, 2024 - 12:00
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Big. Ironically. Morgan Stanley with the report. Our base case = $105bn global obesity market in 2030 Extrapolating the strong early dynamics in the US and the initial demand in Europe (focusing on the roll-outs in Denmark, Norway and Iceland, where supply was not constrained), we now project the global obesity market to reach $105bn The post How big is Peak Fat? appeared first on MacroBusiness. |
MacroBusiness
Thursday, April 18, 2024 - 11:53
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The Australian Bureau of Statistics (ABS) has released labour market data for March, which shows that the nation’s unemployment rate rose by 0.1% to 3.8% following a 6.,600 contraction in the number of jobs: The result beat analysts’ expectations of a 3.9% rate. The underemployment rate also fell by 0.1% over the month to 6.5%, The post Australia’s unemployment charade continues appeared first on MacroBusiness. |
The Australian Independent Media Network
Thursday, April 18, 2024 - 11:51
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UNSW Media Release Australia’s rising cost of living is squeezing household budgets, and with high fuel prices and public transport costs increasing, many Australians face the reality that the expense of commuting to work may no longer be financially sustainable. The Australian Commute report showed that the average daily cost for an Australian to get to and… The post Can you afford to travel to work? appeared first on The AIM Network. |
The Australian Independent Media Network
Thursday, April 18, 2024 - 11:35
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By James Moore The only feature not mentioned was drool. On his second day in court, charged with multiple felonies, the putative leader of the free world once more fell asleep. The man who has called the current president, “Sleepy Joe Biden,” cannot keep his eyes open in the midst of a trial that may… The post A Ghost in the Machine appeared first on The AIM Network. |
MacroBusiness
Thursday, April 18, 2024 - 11:30
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The latest housing construction data from the Australian Bureau of Statistics (ABS) is a disaster. Only 37,200 homes commenced in the December quarter in trend terms, the worst quarterly result since June 2012. This gives an annual run rate of 148,800, around 91,000 below the Albanese government’s construction target of 240,000 homes annually. Dwelling approvals The post HIA sounds housing alarm appeared first on MacroBusiness. |
Australia’s stronger environmental laws just got indefinitely deferred. We have a cart, but no horse |
Renew Economy
Thursday, April 18, 2024 - 10:41
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Renew Economy
Thursday, April 18, 2024 - 10:39
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Renew Economy
Thursday, April 18, 2024 - 10:35
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MacroBusiness
Thursday, April 18, 2024 - 10:30
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Go Straya: Chemicals major Qenos has called in voluntary administrators after its former Chinese owners sold the company to property developer Logos. The plastics maker runs plants in Victoria and NSW, and on Wednesday appointed McGrathNicol as voluntary administrators. I’m not sure who will want to live there. The Qenos factory site is putrid: But The post Can’t make plastic, can make people appeared first on MacroBusiness. |
MacroBusiness
Thursday, April 18, 2024 - 10:18
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The trade war is back: The new tariffs Biden is pushing — meant to shore up the American steel sector and court its workers — would impose 25% levies on certain Chinese steel and aluminum products. They would be applied as part of an ongoing review, while the US also launches a formal probe into The post US steel tariffs another blow to iron ore appeared first on MacroBusiness. |
Your Democracy
Thursday, April 18, 2024 - 10:12
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Israel planned to retaliate against Iran immediately following Tehran’s drone and missile attack on Saturday, but Prime Minister Benjamin Netanyahu decided to hold off after speaking with US President Joe Biden, Israeli media have reported. According to the public broadcaster Kan, the war cabinet in West Jerusalem had already approved a range of responses – depending on the scope of the Iranian attack – that would have taken place as early as Sunday. |
xkcd.com
Thursday, April 18, 2024 - 10:00
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Cheeseburger Gothic
Thursday, April 18, 2024 - 09:31
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MacroBusiness
Thursday, April 18, 2024 - 09:30
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The latest on the correction from The Market Ear. Fear vs SPX Lot of fear across various indicators, but things haven’t really spilled over to equities…yet. Macromicro Retail not panicking Morgan Stanley on Retail action for the sell-off Monday: “In terms of flow, MS QDS team notes that retail is pulling back a little on The post Not enough panic…yet appeared first on MacroBusiness. |
The Tally Room
Thursday, April 18, 2024 - 09:30
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It’s no surprise that the informal rate increased at the recent Tasmanian state election, but I wanted to explore how high the rate went, and what might explain it. Tasmania has a rule that voters must number as many boxes as there are seats to be filled. That was seven up until 1996, five from 1998 until 2021, and then seven again this year. |
MacroBusiness
Thursday, April 18, 2024 - 09:00
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The USD finally moved lower after a week of strength on the back of war jitters across the Middle East, but Wall Street still fell back as Fedspeak overnight again highlighted inflationary fears. Asian stock markets are likely to start in the red again today because of the risk off mood with the Australian dollar The post Macro Morning appeared first on MacroBusiness. |
Renew Economy
Thursday, April 18, 2024 - 08:43
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Renew Economy
Thursday, April 18, 2024 - 08:42
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MacroBusiness
Thursday, April 18, 2024 - 08:30
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Justin Fabo from Antipodean Macro published the below chart showing that labour shortages are rapidly easing across Australia: Low-skilled positions, in particular, have become much easier to find, with the share of employers reporting recruitment difficulties falling to pre-pandemic levels. The data makes sense in light of the record surge in international students, with the The post Australia awash with low-skilled workers appeared first on MacroBusiness. |
Your Democracy
Thursday, April 18, 2024 - 08:14
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MacroBusiness
Thursday, April 18, 2024 - 08:10
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DXY eased off: AUD backed away from the cliff: North Asia helped: Oil tanked: Metals are still warm: Miners popped with the iron ore loon: EM is stuck again: Junk pulled out of the dive: As yields fell: But stocks corrected anyway: Bloomie wraps it up: Treasuries rebounded a day after Jerome Powell threw cold water The post Australian dollar lifts with Fed fears appeared first on MacroBusiness. |
Your Democracy
Thursday, April 18, 2024 - 06:42
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The United States, having learnt nothing from the 20th Century, is, quite characteristically, spoiling for a fight with one of the great success stories of our time, China, on the basis of nothing more than a doltishly unfounded fear of this success and an ever so faintly emerging spectre of American fragility. A Fragility across not only its military and political power, but, as well, across its bellicose and tottering brand of democracy.
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Your Democracy
Thursday, April 18, 2024 - 06:20
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FOI access to an exchange of letters between PM Albanese and Israel’s president, Isaac Herzog, was denied on the grounds that it would “damage bilateral relations.” Yet “Albo’s warm letter” was widely shared by Australia’s publicly subsidised Israel lobby groups. The scam is that the letter was leaked on its way to the post office or from a diplomatic bag and ended up with the Zionist Federation of Australia (ZFA). |
MacroBusiness
Thursday, April 18, 2024 - 06:17
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In early April, CISA steel output data fell away as the Q2 peak season was supposed to ramp it up. There is no trend to suggest increases, either: Nor did steel stockpiles move much, down a meager 0.9%. This is flat year on year, despite output being 9% lower. This continues the rate of descent The post Iron ore goes loony appeared first on MacroBusiness. |
Renew Economy
Thursday, April 18, 2024 - 01:12
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MacroBusiness
Thursday, April 18, 2024 - 00:05
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Economists have raised concern that stronger-than-expected US inflation figures could mean local prices continue to rise, delaying the path to interest rate cuts. HSBC’s chief economist for Australia, Paul Bloxham, also warned that Australia was lagging behind the US on productivity, which would keep inflation elevated and delay rate cuts until early 2025. “There’s another The post AMP hoses Aussie inflation hysteria appeared first on MacroBusiness. |
Your Democracy
Wednesday, April 17, 2024 - 21:31
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MacroBusiness
Wednesday, April 17, 2024 - 16:30
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Asian stock markets are still in flux after the rocky start to the trading week following the escalation in conflict across the Middle East, with somewhat hawkish Fedspeak overnight not helping risk sentiment either. The USD remains strong against most of the undollars while bond markets continue their selloff. The Australian dollar is failing to The post Macro Afternoon appeared first on MacroBusiness. |
The Australian Independent Media Network
Wednesday, April 17, 2024 - 16:21
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Only this month, the near comatose US President, Joe Biden, made a casual, castaway remark that his administration was “considering” the request by Australia that the case against Julian Assange be concluded. The WikiLeaks founder has already spent five gruelling years in London’s Belmarsh prison, where he continues a remarkable, if draining campaign against the… The post Faulty Assurances: The Judicial Torture of Assange Continues appeared first on The AIM Network. |