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MacroBusiness
Wednesday, May 31, 2023 - 09:20
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The east coast is in the middle of the worst energy shock ever outside of the Ukraine War with no end in sight. The gas price is still hovering around $20Gj, miles above the supposed $12Gj cap: Electricity prices are going higher still if nothing is done: The political economy is completely lost on the The post Albo’s insane energy shock spreads to WA appeared first on MacroBusiness. |
Your Democracy
Wednesday, May 31, 2023 - 09:00
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The COVID-19 pandemic is a global challenge. No single government or institution can address the threat of future pandemics alone. |
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Your Democracy
Wednesday, May 31, 2023 - 06:21
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“Independent media” are sweeping developing countries; money from NATO governments and George Soros’ Open Society Foundations are flooding the public sphere. |
Your Democracy
Wednesday, May 31, 2023 - 05:45
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Before Russia's full-scale invasion of Ukraine, Olha Bihar was a lawyer working for a firm in Kyiv while completing her PhD in tax law. Fifteen months later, the 31-year-old is a commander of a mortar unit, an artillery officer and a veteran of the Battle of Bakhmut, with the call sign Witch. |
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Cheeseburger Gothic
Wednesday, May 31, 2023 - 05:45
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Some have to settle for the call sign ‘Witch’. |
Cheeseburger Gothic
Wednesday, May 31, 2023 - 05:33
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Yes, I’m totally watching the Barbie movie when it comes out. But I’m going to read this piece in Esquire again first. A deep dive into the terrible wrong that has been done to a good man who only ever wanted to be a good, anatomically correct boyfriend. Poor Ken. |
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MacroBusiness
Wednesday, May 31, 2023 - 00:05
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According to CoreLogic’s most recent rental market data, apartment rents have surged in the five major capitals, as shown below: This explosion in rent comes on the heels of a drop in unit rental vacancies to just 0.9%, the lowest percentage on record: The forward-looking indicators are concerning for the apartment rental sector. On Tuesday, The post Australia is running out of apartments to rent appeared first on MacroBusiness. |
MacroBusiness
Wednesday, May 31, 2023 - 00:01
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Global Macro / Markets / Investing: WHO urges governments to stop subsidizing tobacco farming and strengthen food security – Dev Discourse Traders turn optimistic on debt ceiling deal — and one strategist says it’s a ‘market opportunity’ – CNBC Nikkei hits 33-yr high in morning on U.S. debt ceiling deal, weak yen – Kyodo News The post Links 31 May 2023 appeared first on MacroBusiness. |
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The Australian Independent Media Network
Tuesday, May 30, 2023 - 19:27
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“If The Voice Loses It Will Be Albanese’s Fault!” Yep, I saw that on the front page of “The Australian” a few days ago and I was tempted to steal the paper but then I remembered that theft is one of those Ten Commandment things that still gets enforced by law and, more frightening than… The post “If The Voice Loses It Will Be Albanese’s Fault!” appeared first on The AIM Network. |
MacroBusiness
Tuesday, May 30, 2023 - 16:36
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Eugene von Guérard, North-east view from the northern top of Mount Kosciusko, 1863 AUD/USD EUR/USD USD/JPY GBP/USD WTI Brent Gold Australia 200 US S&P 500 UK 100 Japan 225 The post Macro Afternoon: 30 May 2023 appeared first on MacroBusiness. |
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The Australian Independent Media Network
Tuesday, May 30, 2023 - 15:22
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Victoria University Media Release Victoria University research in partnership with the Youth Affairs Council Victoria (YACVic) shows young people are keen to get involved during times of natural disaster preparation and recovery, yet they have few opportunities to help or have their needs heard. Associate Professor Fiona MacDonald and YACVic colleagues drew on the experiences… |
The Australian Independent Media Network
Tuesday, May 30, 2023 - 15:19
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Meta, to put it rather inelegantly, has a data non-compliance problem. That problem began in the original conception of Facebook, a social network conceived by that most anti-social of types, Mark Zuckerberg. (Who claims that these troubled sorts lack irony?) On May 22, the European Union deemed it appropriate to slap a $1.3 billion fine… The post Meta and Privacy: The Economy of Data Transgressions appeared first on The AIM Network. |
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Your Democracy
Tuesday, May 30, 2023 - 15:09
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The dismantling of the US as a normal, functional nation-state continues. America’s gun neuralgia continues to worsen, and now we see new evidence that its fiscal neuralgia – a phobia for properly funded government – is deepening too. |
Renew Economy
Tuesday, May 30, 2023 - 14:40
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Renew Economy
Tuesday, May 30, 2023 - 14:38
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Renew Economy
Tuesday, May 30, 2023 - 14:05
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Renew Economy
Tuesday, May 30, 2023 - 14:01
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MacroBusiness
Tuesday, May 30, 2023 - 14:00
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Morgan Stanley with an argument that I agree with. Add China going ex-growth and US AI leadership and this argument carries weight well into the next cycle. Staying Long the USD We continue to recommend long USD positions against EUR and AUD. Our bullish USD view reflects our belief that markets appear to have priced The post Morgan Stanley: Greenback to crush Australian dollar appeared first on MacroBusiness. |
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Renew Economy
Tuesday, May 30, 2023 - 13:32
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MacroBusiness
Tuesday, May 30, 2023 - 13:30
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Victorian Premier Daniel Andrews has defended the state’s debt blowout, arguing it needs to borrow money to pay for the infrastructure that will be needed as Melbourne prepares to become Australia’s largest city. According to Treasury projections, net debt will rise from $135.4 billion this year to $171.4 billion by 2027. That’s despite the latest The post Immigration ponzi crashes down on Dan Andrews appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, May 30, 2023 - 13:00
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The latest national accounts showed that the energy cartel (gas and coal) is making war profits, with mining profits exceeding the profits of all other industries combined: In turn, the share of national income going to profits is tracking near an all-time high, whereas the share going to workers is near an all-time low: The The post Energy cartel Australia’s biggest tax dodger appeared first on MacroBusiness. |
MacroBusiness
Tuesday, May 30, 2023 - 12:30
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The Australian Bureau of Statistics (ABS) has released dwelling approvals data for April, which collapsed to their lowest level since 2012. Total dwelling approvals fell 8.1% in April to be down 24.1% year-on-year. Private sector house approvals fell 3.8% month-on-month to be 18.6% lower year-on-year. Units fell 16.5% month-on-month to be down 35.4% year-on-year. Daniel |
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MacroBusiness
Tuesday, May 30, 2023 - 12:00
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Maybe sucked in. Maybe just the usual cheerleading of rentier capital. On her recent visit to Australia, BHP chief commercial officer Vandita Pant gave Chanticleer an insight into the speed with which the miner’s Indian opportunity is growing. …Official Indian forecasts have production hitting 300 million tonnes by 2030. Even if BHP thinks that might |
MacroBusiness
Tuesday, May 30, 2023 - 11:40
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Australia’s current international student boom, which is driving the nation’s record immigration, is being powered by Indian students. After the former Coalition Government uncapped work hours for international students and extended how long VET graduates could stay in Australia, the volume of Indian students arriving for work and residency exploded. The Albanese Government then increased |
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MacroBusiness
Tuesday, May 30, 2023 - 11:20
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Pretending to care is the stock in trade of the corporate culture warrior. The woke left loves to tear down borders to fight perceived racism. What it is not much good at is dealing with the disastrous consequences that land upon Australia’s most vulnerable in consequence. Indeed, with borders gone, the second phase of woke The post Woke left reaps housing whirlwind appeared first on MacroBusiness. |
MacroBusiness
Tuesday, May 30, 2023 - 11:00
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The Market Ear leads us off. Sucking them in The net NASDAQ long is rather long… DB Systematics DB with some color on volatility control funds as well as CTA strategies post the latest rally: “With equity exposure for Vol Control funds not far from their historical maximum, they will need to cut if vol The post AI bubble sucks ’em in appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, May 30, 2023 - 10:47
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The ANZ-Roy Morgan Consumer Confidence index fell 1.1 points to 76.2 this week, marking the thirteenth consecutive week that the indicator has been below 80, and the longest such stretch since the index began being administered on a weekly basis in October 2008. The last time Consumer Confidence fell below 80 for at least thirteen The post Consumer confidence smashed for 13 straight weeks appeared first on MacroBusiness. |
MacroBusiness
Tuesday, May 30, 2023 - 10:40
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More dreadful analysis from the AFR today. One factor behind the delayed reaction of households [to rate hikes] has been the so-called fixed-rate mortgage cliff. There’s been so much said and written about the fact that billions of home loans will switch from low fixed rates to higher floating rates, we may be forgiven for The post Energy, not wages nor mortgage cliff, can crash house prices appeared first on MacroBusiness. |
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Renew Economy
Tuesday, May 30, 2023 - 10:22
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MacroBusiness
Tuesday, May 30, 2023 - 10:20
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CBA’s head of Australian economics, Gareth Aird, appeared on Sky News over the weekend where he warned that the Albanese Government’s record immigration push will push rents higher, while putting downward pressure on wages. In response to Ross Greenwood’s statement that “bringing in such a large number of migrants over the next few years does The post CBA: Strong immigration to hike rents and kill wage growth appeared first on MacroBusiness. |
