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Oz Blog News Commentary
MacroBusiness Tuesday, January 7, 2025 - 10:00 Source

The latest data from the Department of Education shows there were a record 1,018,799 enrolments in the year to September 2024, up 128,447 from the prior year. As illustrated in the following table, universities (higher education) experienced annual enrolment growth of 64,217, whereas VET enrolments grew by 63,876. Growth in enrolments since 2019 was highest in

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MacroBusiness Tuesday, January 7, 2025 - 09:00 Source

A surge in European stocks overshadowed what was looking like a good night for Wall Street with only tech stocks lifting higher as the broader indicies keep absorbing the latest USD machinations and speculation around the incoming Trump Circus with the direction of tariffs in particular. The hard time for Chinese equity markets continued in

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Tuesday, January 7, 2025 - 07:59 Source

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MacroBusiness Tuesday, January 7, 2025 - 07:00 Source

The Federal Chamber of Automotive Industries (FCAI) reported new car sales for December, which showed a sharp deceleration of sales over the second half of 2024. There were 95,895 new car sales in the year to December, down 19.9% from the June 2024 peak of 119,659 sales. FCAI Chief Executive Tony Weber was downbeat, noting

The post Electric Vehicles lead decline in Aussie new car sales appeared first on MacroBusiness.

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Your Democracy Tuesday, January 7, 2025 - 04:19 Source

Vladimir Zelensky’s recent three-hour interview with Lex Fridman was not merely an exercise in media outreach; it was a carefully orchestrated information operation aimed at advancing his geopolitical objectives. Beneath the surface of the casual conversation lay a calculated attempt to manipulate narratives, provoke reactions, and reinforce the notion that peace with Russia is unattainable.

 

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MacroBusiness Tuesday, January 7, 2025 - 00:05 Source

Australian housing values unexpectedly rose over the past two years despite 4.25% of interest rate hikes by the Reserve Bank of Australia (RBA). The rise in prices combined with higher mortgage repayments meant that Australian housing affordability collapsed to an all-time low. “Housing affordability is currently at its worst level since 2008, with 47% of

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Your Democracy Monday, January 6, 2025 - 19:54 Source

EU Commission chief von der Leyen has fallen ill with 'severe pneumonia' and has cancelled all her appointments for the next two weeks, her office has announced.

European Commission President Ursula von der Leyen has been diagnosed with "severe pneumonia" and has cancelled her engagements for the first two weeks of January, her office announced on Friday.

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MacroBusiness Monday, January 6, 2025 - 17:00 Source

The first trading session of the week is all about the weekend reaction to what should be strong USD moves but instead King Dollar is rolling over against the undollars except gold with the Canadian Loonie pushing higher on speculation Governor Trudeau (sic) is about to resign. Chinese stocks remain under stress despite promises of

The post Macro Afternoon appeared first on MacroBusiness.

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Your Democracy Monday, January 6, 2025 - 16:29 Source

 

Mary Kostakidis, one of Australia’s most recognizable journalists, who was accused of “antisemitism” by the Australian Zionist Federation, has sought to end the standoff with the organization by apologizing for distress her critical reporting of Israel may mistakenly have caused.  

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John Quiggin Monday, January 6, 2025 - 14:15 Source

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.

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MacroBusiness Monday, January 6, 2025 - 13:00 Source

The Reserve Bank of New Zealand has cut the official cash rate by 1.25% over the past three monetary policy meetings. Despite the cuts, CoreLogic reported that New Zealand dwelling values continued to fall in December. Home values nationally declined by 0.2% in December, marking the ninth drop in the past 10 months, according to

The post House prices fall despite Reserve Bank interest rate cuts appeared first on MacroBusiness.

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MacroBusiness Monday, January 6, 2025 - 12:30 Source

Justin Trudeau’s Liberal government in Canada is facing an election wipeout, winning as few as 21 seats in the 338-seat parliament at this year’s election. Separate polling by the Angus Reid Institute showed that only 16% of decided voters expressed an intention to vote Liberal in the next election. The figure “represents a low in

The post Justin Trudeau to resign rather than face election wipeout appeared first on MacroBusiness.

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MacroBusiness Monday, January 6, 2025 - 12:00 Source

Following the Q3 national accounts release last month, Pradeep Philip, head of Deloitte Access Economics, noted that the private sector was being “clobbered” and the economy was “stuck in the mud and spinning its wheels”. Innes Willox, CEO of the Australian Industry Group (AIG), shared a similar opinion, pointing out that the private sector is

The post Australia’s private sector economy stuck in recession appeared first on MacroBusiness.

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MacroBusiness Monday, January 6, 2025 - 11:30 Source

In December, Infrastructure Australia warned that Australia’s construction sector will suffer persistent ‘skills shortages and cost escalations’ in the years ahead. “Construction materials on average cost around 30% more than they did three years ago and with ongoing skills shortages we simply don’t have the people power we need to get the job done on time”,

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MacroBusiness Monday, January 6, 2025 - 11:00 Source

If you want a prime example of why I have little regard for academics, consider the below housing non-solutions from the University of Queensland on “How can we solve the housing crisis?”. Dr Dorina Pojani, Associate Professor of urban planning School of Architecture, Design and Planning Faculty of Engineering, Architecture and Information Technology, says that

The post Academics have no genuine housing solutions appeared first on MacroBusiness.

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xkcd.com Monday, January 6, 2025 - 11:00 Source

I don't dig pit traps and cover them with sticks and a thin layer of leaves nearly as much as I expected; I find a chance to do it barely once a month.

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MacroBusiness Monday, January 6, 2025 - 10:30 Source

New Zealand’s labour market is a mess. The nation’s unemployment rate ballooned to 4.8% in Q3 2024, up 0.9% year-on-year. Filled jobs fell by 0.7% in Q3, the second consecutive quarterly decline. Filled jobs also recorded their first annual decline in more than a decade. New Zealand average earnings growth also declined in Q3, taking

The post New Zealand opens door to Indian migrants appeared first on MacroBusiness.

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Your Democracy Monday, January 6, 2025 - 10:21 Source

The "deep state", never part of the Founding Fathers' design, has turned US democracy into fiction, former US assistant treasury secretary and renowned economist Dr Paul Craig Roberts says. What does he mean?

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Cheeseburger Gothic Monday, January 6, 2025 - 10:01 Source

This is a darkly amusing “Day in the life” post. From 2035. I both enjoyed it bigly and wish I had never read it.

I enter, take my seat, and after a few minutes a haggard looking waiter in her 60's makes her way over to me. "What can I get for you?"

"I'll just take two eggs and a cup of coffee, please."

"No problem. That'll be $31."

"Jesus Christ! $31?!"

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MacroBusiness Monday, January 6, 2025 - 10:00 Source

Strategic Property Group managing director Trent Fleskens suggested that prospective first home buyers in Perth will face worsening conditions in 2025 as population growth continues to run well ahead of supply. “Given there has been no change in our immigration numbers and no change in our ability to build houses any faster or cheaper, there’s

The post Perth’s first home buyers face nightmarish conditions appeared first on MacroBusiness.

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MacroBusiness Monday, January 6, 2025 - 09:30 Source

Independent economist Chris Richardson has warned that it could take a decade for Australian living standards to recover from 2021–22 levels, noting that the “free ride on the back of the rise of China” is over. “It’s a grind, there is no magic wand”, Richardson said. “We are now starting to turn in the right

The post Australians confront decade long slog out of recession appeared first on MacroBusiness.

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MacroBusiness Monday, January 6, 2025 - 09:00 Source

Friday night saw the latest US ISM manufacturing PMI prints coming in stronger and combined with some Fedspeak saw the USD drop slightly against most undollar assets, except gold. The hard time for Chinese equity markets continued into the European session but Wall Street was able to bounceback which should translate into gains here in

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Monday, January 6, 2025 - 07:00 Source

Australia’s politicians, the media, and environmental groups want us to believe that climate change is the biggest environmental threat. They claim that Australia needs to meet its net zero commitments to prevent “dangerous climate change”, ignoring that Australia is a tiny emitter on the world stage and China is the main source of carbon emissions.

The post Australia must get real on net zero and the environment appeared first on MacroBusiness.

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Renew Economy Monday, January 6, 2025 - 06:44 Source
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Your Democracy Monday, January 6, 2025 - 04:53 Source

US President Joe Biden has named 19 recipients of the Presidential Medal of Freedom, America’s top civilian award. Among them are former Secretary of State Hillary Clinton, liberal billionaire George Soros, and culinary innovator José Andrés, who once posed for a photo with the man who attempted to assassinate then-President-elect Donald Trump.

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Your Democracy Monday, January 6, 2025 - 04:42 Source

Washington is pressuring Zelensky to lower the draft age from 25 to 18. Meanwhile, Western media is reporting that Ukrainian recruits have begun deserting forces training in European NATO countries hundreds at a time. Retired Russian Army colonel and renowned military observer Viktor Litovkin explains how these events are connected.

 

Just Business: US MIC Wants Ukrainian Bloodbath to Continue Even If It Means Drafting 18-Year-Olds

 

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Your Democracy Monday, January 6, 2025 - 04:25 Source

Denmark’s new carbon tax targets an often-overlooked greenhouse-gas producer: agriculture. Yet the plan locks in big Danish farmers’ focus on energy-inefficient animal farming for export, frustrating hopes of a serious cut in emissions.

 

Greenwashing Denmark’s Big FarmersBY ESBEN BØGH SØRENSEN

 

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MacroBusiness Monday, January 6, 2025 - 00:05 Source

Analysis released last week by the Daily Telegraph showed that the average mortgage interest bill in Australia has tripled since the Reserve Bank of Australia (RBA) began raising interest rates in May 2022. “National Accounts figures show Australians paid a total of $31.2 billion in mortgage interest rates across the entire economy as of the

The post Australian housing policy is a shell game appeared first on MacroBusiness.

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Your Democracy Sunday, January 5, 2025 - 18:21 Source

Washington supplied “a lot of weapons”to Ukraine in the months before the hostilities between Moscow and Kiev began in February 2022, outgoing US Secretary of State Antony Blinken has admitted. [WE KNEW THIS].

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MacroBusiness Sunday, January 5, 2025 - 11:51 Source

  The Cook, the Thief, his Wife, and her Lover, Peter Greenaway 1990 It’s early January. Deep in the bowels of ABC HQ there’s a balancing act in play.  Nothing much happens in January except sports, so most non-sports real journalists are told to head off and freshen up for the coming season. Between Christmas

The post Australia facing bigger, dumber, less productive future appeared first on MacroBusiness.

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