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The Australian Independent Media Network Tuesday, March 26, 2024 - 17:14 Source

Community Housing Industry Association Media Release   An additional 2,090 homes housing more than 4,000 young people experiencing homelessness could be built by drawing on $1 billion already set aside by the Commonwealth, according to new modelling that will be presented to federal politicians in Canberra today. The money was allocated last year to the National Housing Infrastructure…

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MacroBusiness Tuesday, March 26, 2024 - 17:00 Source

Asian share markets are still absorbing the outcome of last week’s volatility without a solid lead from Wall Street as the USD and bond yields continue their see-saw inversion. The still relatively high USD continues to weigh on risk sentiment as the Australian dollar has remained depressed just above the 65 handle. Oil prices are

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, March 26, 2024 - 16:33 Source
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Renew Economy Tuesday, March 26, 2024 - 14:41 Source
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Renew Economy Tuesday, March 26, 2024 - 14:39 Source
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MacroBusiness Tuesday, March 26, 2024 - 14:00 Source

On Monday, Newspoll released polling showing that Labor’s primary vote had collapsed to a record low: Now, Roy Morgan has released polling showing that the Coalition and Labor are neck-and-neck at 50% on a two-party preferred (TPP) basis, while the Coalition is ahead 38% to 31.5% on primary vote. “Support for the ALP was down

The post Another poor poll for Albo’s Labor appeared first on MacroBusiness.

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Your Democracy Tuesday, March 26, 2024 - 13:53 Source

The US and the EU support Ukraine not because they love the Ukrainian people, but because this serves their geopolitical interests, the EU foreign policy chief Josep Borrell told CNN on Monday.

Appearing on Christiane Amanpour’s show, Borrell repeated the assertion of Brussels and Washington that Ukraine was not in any way involved in the Crocus City Hall terrorist attack in Moscow, and urged the US to pass the $60 billion aid package for Kiev.

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MacroBusiness Tuesday, March 26, 2024 - 13:30 Source

The disastrous Guardian is at it again with a whole series on how negative gearing and capital gains tax concessions “screwed Millennials” out of housing. This is true, and the 1990s halving of the capital gains tax should be reversed. Scrap negative gearing too! But this still won’t fix housing and will worsen it in

The post Millennials throw themselves out of housing appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2024 - 13:24 Source

Westpac with the note. The Westpac Melbourne Institute Consumer Sentiment Index declined 1.8% to 84.4 in March, from 86 in February. Last month we saw some promising signs that the consumer gloom that has dominated over the last two years might finally be starting to lift. The March survey update shows that progress continues to

The post Consumers resolutely negative appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, March 26, 2024 - 13:10 Source

Two British ministers, the UK Foreign Secretary David Cameron and Defence Secretary Grant Shapps, paid a recent visit to Australia recently as part of the AUKMIN (Australia-United Kingdom Ministerial Consultations) talks. It showed, yet again, that Australia’s government loves being mugged. Stomped on. Mowed over. Beaten.  It was mugged, from the outset, in its unconditional…

The post The AUKUS Cash Cow: Robbing the Australian Taxpayer appeared first on The AIM Network.

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MacroBusiness Tuesday, March 26, 2024 - 13:00 Source

Bank lending is up and away in the US:   Given that we haven’t even had rate cuts, we might ask if the Fed matters. TSLombard: Higher interest rates have proved a lot less destructive than investors feared in 2022, when the world’s central banks embarked on one of the most aggressive episodes of monetary

The post Why didn’t rate hikes kill the economy? appeared first on MacroBusiness.

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Renew Economy Tuesday, March 26, 2024 - 12:39 Source
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MacroBusiness Tuesday, March 26, 2024 - 12:31 Source

The Australian Bureau of Statistics (ABS) has released capital city population data for the 2022-23 financial year, which revealed that Australia’s capital cities grew by a record 517,200 to just shy of 18 million people: Australia’s capital city population has grown by a whopping 5.5 million people (44%) since 2001. The next table from the

The post Capital city renters buried under population deluge appeared first on MacroBusiness.

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Your Democracy Tuesday, March 26, 2024 - 12:22 Source

A bold, provocative reckoning with our current political delusions and dysfunctions.

Ever since its publication in 1651, Thomas Hobbes's Leviathan has unsettled and challenged how we understand the world. Condemned and vilified by each new generation, his cold political vision continues to see through any number of human political and ethical vanities.

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The Australian Independent Media Network Tuesday, March 26, 2024 - 12:19 Source

Australian Council for International Development Media Release Australia’s peak body for international humanitarian organisations welcomes the United Nations Security Council’s resolution calling for an immediate ceasefire in Gaza and release of all hostages as a crucial turning point in the war. Australian Council for International Development (ACFID) CEO Marc Purcell said it marked a significant…

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MacroBusiness Tuesday, March 26, 2024 - 12:00 Source

The Albanese government has a penchant for using taxpayer subsidies to deflect away from its policy failures and to shift inflation from the CPI to the tax system. We have seen it with energy bill subsidies to hide inflation in gas and electricity prices brought about by its failure to reserve East Coast export gas

The post Labor milks taxpayers to hide own inflation crisis appeared first on MacroBusiness.

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Renew Economy Tuesday, March 26, 2024 - 12:00 Source
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MacroBusiness Tuesday, March 26, 2024 - 11:30 Source

The latest Intergenerational Report projects that Australia’s population will balloon to 40.5 million people by 2062-63, up from around 27 million people currently: The quantity of population will be driven by permanently high net overseas migration, and will see the nation’s population balloon by a combined Sydney, Melbourne, and Brisbane over the coming 39 years:

The post Big Australia collides with water crisis appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2024 - 11:00 Source

Treasurer Jim Chalmers was out and about on Monday pretending to care about the welfare of lower-income Australians. Chalmers told Sky News that Labor are “enthusiastic champions” of low-paid workers, promising that the federal government would make a submission to the Fair Work Commission arguing that “the wages of Australia’s lowest paid workers don’t go

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MacroBusiness Tuesday, March 26, 2024 - 10:30 Source

Ye auld gas cartel returns for another whinge today: A looming gas shortfall that threatens to curtail industries and derail Australia’s energy transition is the fault of 10 successive government interventions, the Gina Rinehart-backed Senex Energy has declared, and now the country has little time left to fix the mess. Australia faces a looming gas shortage

The post Knock the gas cartel’s block off appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2024 - 10:00 Source

SEEK’s February report is out and paints a darkening picture for job seekers: Unless you work at SEEK and then the market is tight as a drum and super loose as well, which is their way of saying immigration is having an impact: The weakness is broad-based: And Albo’s Indian army is on the march:

The post SEEK jobs market falls apart appeared first on MacroBusiness.

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Renew Economy Tuesday, March 26, 2024 - 09:34 Source
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MacroBusiness Tuesday, March 26, 2024 - 09:30 Source

The Market Ear with the latest equity positioning. Perfection SPX’s Madoff like trend channel stays intact. So far, a perfect small reversal in the upper part of the channel. Resistance around 5320, supports are: 5240 and then the bigger 5200 area, where the trend channel is low, as well as where the 21 day moving

The post Sell in May and go away appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2024 - 09:00 Source

Overnight saw another consolidation phase for risk markets, with US bond yields rising slightly while the USD pulled back but still held sway over the currency majors. Wall Street stumbled again while European stocks lack confidence. The Australian dollar remains under the pump but is holding on at the 65 cent level again. 10 year

The post Macro Morning appeared first on MacroBusiness.

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The Tally Room Tuesday, March 26, 2024 - 08:00 Source

Ben is joined by Kevin Bonham to wrap up the Tasmanian state election. We discuss the close undecided races, what might come next for parliamentary negotiations, and what it means for May’s upper house election.

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Cheeseburger Gothic Tuesday, March 26, 2024 - 07:25 Source

I stole this from Mattew Keith on the Book of Face, because it greatly amused me. And now it can amuse you.

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MacroBusiness Tuesday, March 26, 2024 - 06:31 Source

DXY eased: AUD firmed: CNY too: Oil is a problem for the bulls: Metalzzzzzzzzzzzzzzzz: Minerzzzzzzzzzzzzzzz: EMzzzzzzzzzz: Junk is breakout bullish: Yields followed oil: Stockzzzzzzzzzzzzz: The Aussie dollar has so many bears in situ that it will be difficult for it to fall much at all from here: Credit Agricole: The AUD remains the largest short

The post Australian dollar bear stampede appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2024 - 06:30 Source

Goldman reports from on the ground in China. We recently hosted our 1H24 China commodity trip. The feedback suggested very weak activity on the ground as of mid-March, with construction presenting the most negative picture. Incremental improvement from the announced supportive policy measures as of date could be limited based on the discussions. On the

The post Iron ore has its Wylie E. Coyote moment appeared first on MacroBusiness.

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Renew Economy Tuesday, March 26, 2024 - 05:00 Source
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MacroBusiness Tuesday, March 26, 2024 - 00:05 Source

Australia’s population Ponzi economy has hit peak stupidity, with BuildSkills Australia estimating that Australia requires an additional 90,000 construction workers to meet the Albanese government’s target of building an average of 60,000 homes per quarter for five consecutive years. Master Builders Australia CEO Denita Wawn has demanded changes to Australia’s migration system to rapidly increase the

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