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Renew Economy Wednesday, September 20, 2023 - 20:26 Source

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The Australian Independent Media Network Wednesday, September 20, 2023 - 18:56 Source

Diaspora politics can often be testy. While the mother country maintains its own fashioned narrative, governed by domestic considerations, the diaspora may, or may not be in accord with the agreed upon story. While countries such as China and Iran are seen as the conventional bullies in this regard, spying and monitoring the activities of…

The post Fighting the Diaspora: India’s Campaign Against Khalistan appeared first on The AIM Network.

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MacroBusiness Wednesday, September 20, 2023 - 18:38 Source

Portsea (Fisherman’s Beach), Penleigh Boyd, 1920, Bendigo Art Gallery   AUD/USD   EUR/USD   USD/JPY   GBP/USD   Gold   WTI   Brent   Australia 200   S&P500   UK 100   Japan 225  

The post Macro Afternoon: 20 September 2023 appeared first on MacroBusiness.

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Renew Economy Wednesday, September 20, 2023 - 16:57 Source

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John Quiggin Wednesday, September 20, 2023 - 15:43 Source

Still only September, the country is burning and Australia’s disgrace is on world display. Unlike Morrison and Turnbull, who had to placate the denialists on their own side, #Albanese and Plibersek are choosing #climate destruction against the wishes of their supporters and voters https://www.abc.net.au/news/2023-09-20/australia-called-to-ramp-up-climate-ambitions-nyt-ad/102876940

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The Australian Independent Media Network Wednesday, September 20, 2023 - 15:41 Source

Senator Jacinta Nampijinpa Price’s comment that: … she did not believe there are any ongoing impacts of colonisation, but in some cases, a “positive impact”. … begs to be disputed. There is zero positivity in the planned extermination of the world’s oldest culture. But that was the plan. However, in fairness to Senator Price she,…

The post The sad truth appeared first on The AIM Network.

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The Australian Independent Media Network Wednesday, September 20, 2023 - 15:41 Source

Senator Jacinta Nampijinpa Price’s comment that: … she did not believe there are any ongoing impacts of colonisation, but in some cases, a “positive impact”. … begs to be disputed. There is zero positivity in the planned extermination of the world’s oldest culture. But that was the plan. However, in fairness to Senator Price she,…

The post The sad truth appeared first on The AIM Network.

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Renew Economy Wednesday, September 20, 2023 - 15:13 Source

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MacroBusiness Wednesday, September 20, 2023 - 14:00 Source

Goldman with a tidy note on the end of Chinese growth. China’s sluggish growth, nearly non-existent inflation, and low nominal interest rates this year raise the question of whether China’s economy could undergo “Japanification” in the coming years. In this note, we revisit the China-Japan comparison, examine the question “what made Japan Japan” in the

The post Chinese Japanification “more extreme” than Japan appeared first on MacroBusiness.

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Renew Economy Wednesday, September 20, 2023 - 13:56 Source

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Renew Economy Wednesday, September 20, 2023 - 13:36 Source

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MacroBusiness Wednesday, September 20, 2023 - 13:30 Source

Australia’s unit & apartment completions have collapsed from a peak of 108,000 in 2017 to 63,000 in the year to March 2023: This is concerning given Australia’s population is currently growing at a record pace driven by unprecedented net overseas migration: Apartment rents are already soaring. Domain data shows that unit rents are rising seven

The post Australia’s apartment shortage worsens by the day appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 20, 2023 - 13:00 Source

Deutsche with the note. I will post more when the full story comes to hand. This morning we’ve published the latest annual Long-Term Study, our flagship pieceof the year from my team. This year’s is called “The History (and Future) of Recessions”. This is the final part of a trilogy that started before the pandemic

The post 323 years of recessions appeared first on MacroBusiness.

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Your Democracy Wednesday, September 20, 2023 - 12:41 Source

Ukrainian lawmaker Sergey Grivko has suggested using the country’s prison population as a source of electricity. According to the MP from the ruling Servant of the People party, inmates could use bicycle generators in exchange for shortened jail terms.   

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Renew Economy Wednesday, September 20, 2023 - 12:37 Source

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MacroBusiness Wednesday, September 20, 2023 - 12:30 Source

The Coalition’s immigration spokesperson, Dan Tehan, was interviewed by ABC RN Drive’s Andy Park on last week’s record immigration numbers from the Australian Bureau of Statistics (ABS). The segment opened up with the below quote from AMP chief economist Shane Oliver: “If you’ve got more demand in terms of people that need a home and

The post Coalition sets immigration election battleground appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 20, 2023 - 12:00 Source

JPM with the note.  Oil prices are back up 27% since 2Q23, posing downside to growth • Some of the move owes to stronger demand (1/4), but a larger supply shock (3/4) will be a drag • Our model suggests global GDP could be damped by 0.5%-pt (ar) over two quarters if prices sustained •

The post Oil going to $120? appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 20, 2023 - 11:30 Source

NSW is fiddling: The $2.2 billion Housing and Infrastructure Plan includes: $1.5 billion to build infrastructure such as roads, parks, hospitals and schools to support the construction of new homes across Sydney, the Lower Hunter, Central Coast and the Illawarra $400 million reserved in Restart NSW for the new Housing Infrastructure Fund, to deliver infrastructure

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MacroBusiness Wednesday, September 20, 2023 - 11:01 Source

Westpac with the note. Leading Index growth rate still negative at –0.5%. Negative reads have now persisted since August 2022. Indicator correctly predicted growth slowdown in 2023. Growth outlook for next 3–9 months remains poor with per capita GDP declines likely to continue. The economy continues to move through an extended period of weakness. Despite

The post Leading index projects endless per capita recession appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 20, 2023 - 11:00 Source

Albo really is a man out of time.

The post Zeihan: Nations must prepare for China collapse appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 20, 2023 - 11:00 Source

Another fake left minister has come together with another fake left journo to produce more fake left housing propaganda at the epicentre of fake left property publishing. The years Julie Collins spent as a little girl living in a large public housing estate north of Hobart were some of the most stable in her early

The post Woe is Albo’s horrific housing hypocrite appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 20, 2023 - 10:30 Source

The Market Ear on oil. 1 – Overbought mania Let’s start with a simplistic price momentum observation. Oil RSI is getting rather extreme, but as regular readers of TME know, overbought can stay overbought for longer than most think possible… Refinitiv 2 – Oil of course also the star in commodities Oil has decoupled from

The post It’s oil or tech. Never both appeared first on MacroBusiness.

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Your Democracy Wednesday, September 20, 2023 - 10:30 Source

The Chinese Foreign Ministry has summoned German ambassador Patricia Flor after Berlin’s top diplomat, Annalena Baerbock, referred to Chinese President Xi Jinping as a “dictator.” 

The ambassador “was summoned to the Chinese Foreign Ministry [on Sunday],” a spokesman from the German Foreign Ministry told AFP on Monday.

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Your Democracy Wednesday, September 20, 2023 - 10:16 Source

 reportedly faced an assassination scare after a heavily armed man posing as his security entered his campaign event on Friday. 

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MacroBusiness Wednesday, September 20, 2023 - 10:00 Source

The facade surrounding Australia’s extreme immigration policy continues to crumble. Last week, the Australian Bureau of Statistics (ABS) revealed that Australia’s population surged by a record 563,200 in the year to March 2023, driven by unprecedented net overseas migration of 454,300: This urge in immigration has been driven by the strongest international student inflows in

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xkcd.com Wednesday, September 20, 2023 - 10:00 Source

 Sorry, we know, but we signed the contract back before all the stuff and the lawyers say we can't back out, so just try to keep your finger away from the bottom of the phone.

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MacroBusiness Wednesday, September 20, 2023 - 09:30 Source

Over the weekend, The Courier Mail described Queensland’s housing market as a “pressure cooker” resembling the “home buyer hunger games”: HOMES are being snapped up within hours as Queensland’s pressure cooker housing market sparks a spring selling frenzy, with new listings failing to keep with an insatiable buyer demand. “Records are being broken across the

The post Queensland gears up for epic property boom appeared first on MacroBusiness.

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Renew Economy Wednesday, September 20, 2023 - 09:23 Source

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MacroBusiness Wednesday, September 20, 2023 - 09:00 Source

The AFR reports that the Albanese government is planning to fast-track visa approvals for highly paid skilled migrants who earn at least $120,000: “The government has indicated to stakeholders the salary threshold for access to the new high-skill visa stream is likely to be around $120,000, but potentially as high as $150,000, according to sources

The post Labor to fast-track ‘skilled’ visas appeared first on MacroBusiness.

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Your Democracy Wednesday, September 20, 2023 - 07:33 Source

It is not the great ones, but the simple peasant, 

Whom the earth knows as children complacent

The earth does not like blood nor filth 

From tyrants and their impure hands comes nothing but blood and filth. 

The loving plowmen open nature’s breast with such beautiful colours,

Make the streams run through the green meadows, 

In variegated enamel, through the wild flowers; 

By order and by compass the azure gardens 

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