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Cheeseburger Gothic Friday, July 19, 2024 - 10:25 Source

I got back from Tassie late on Wednesday and I’ve been thinking about something I only half realised while I was down there. I didn’t have a bad hot chip/french fry the whole time I was one the island. And I ate a lot of hot chips! They seemed to come with everything. And not the tiny, grudging obligatory serve you’d get anywhere else, but rather these heaped high mounds of salty hot carby goodness.

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MacroBusiness Friday, July 19, 2024 - 10:00 Source

Shanghai rebar is howling that the FE complex is in deep trouble as it takes out seven-year critical support on the monthly chart: The trigger yesterday was a meek Third Plenum statement: At the session, an analysis of the present situation and the tasks we face was conducted. It was highlighted that we must remain

The post Iron ore and steel turn falling comet appeared first on MacroBusiness.

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xkcd.com Friday, July 19, 2024 - 10:00 Source

We were going to try swordfighting, but all my compiling is on hold.

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Renew Economy Friday, July 19, 2024 - 09:47 Source
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Your Democracy Friday, July 19, 2024 - 09:31 Source

THIS WAS POSTED BY THE SUNDAY DENVER POST THE DAY AFTER THE SHOOTING... BUT THE UGLY MEDIA DOES NOT STOP THERE...

https://www.youtube.com/watch?v=ZE1cqpvC77Y

Media Worries About Making Trump a Hero By Talking About Assassination Attempt, with Matt Taibbi

 

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MacroBusiness Friday, July 19, 2024 - 09:30 Source

AMP chief economist Shane Oliver posted a series of charts on Twitter (X) suggesting that Australia’s labour market is not as rock-solid as Thursday’s official June labour force survey from the ABS suggested. Oliver noted that the June quarter NAB business survey showed a further fall in hiring plans: This followed the monthly NAB business

The post Australia’s job market detaches from economy appeared first on MacroBusiness.

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MacroBusiness Friday, July 19, 2024 - 09:15 Source

As is often the case, Australians are forced to look to foreign maniacs to address their interests over the policies of the Canberra suicide squad. I have noted many times how China is often Australian punters’ friend ahead of their illustrious leaders. Examples include Beijing shutting down the Chinese trade in Australian property in 2018,

The post Trump’s inflation is Australia’s deflation appeared first on MacroBusiness.

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MacroBusiness Friday, July 19, 2024 - 09:00 Source

More political and macro volatility overnight as the ECB meeting came and went with no change while the odds of President Biden stepping down increase. Wall Street pulled back further alongise European stocks although the latter had some relief as Euro pulled back as USD captured the safe haven bid. Volatility is increasing across all

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Friday, July 19, 2024 - 07:51 Source

https://www.youtube.com/watch?v=cpp4-HXuJU4

NATO Just Revealed Its Next Target...You Won't Believe What Happens Next

 

SEE ALSO: https://www.youtube.com/watch?v=PxVngkTl5t8

Why China’s Economy isn’t Actually Collapsing?

 

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Your Democracy Friday, July 19, 2024 - 07:30 Source

Joe Biden has accused Elon Musk “and his rich buddies” of trying to “buy” the US presidential election, following claims that the billionaire is planning to make major contributions to a group that supports Republican frontrunner Donald Trump.

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MacroBusiness Friday, July 19, 2024 - 07:00 Source

PropTrack’s rental affordability index has collapsed to a record low, with households earning the median income of $111,000 only able to afford to rent the lowest share of properties since records began in 2008. Unlike mortgages, rents cannot be leveraged. This means that rental growth tends to be tied to household incomes, limiting its potential

The post Tenants “smashed” as affordable rentals vanish appeared first on MacroBusiness.

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MacroBusiness Friday, July 19, 2024 - 06:40 Source

DXY rebounded last night: AUD fell: North Asia too: Oil and gold eased: The copper bubble burst: Miners retest on deck: EM too: Junk is fine, suggesting a run of the mill correction for overheated risk: Yields popped: Stocks dropped: Commodities were puked, and why not? China’s Third Plenum was all quality and no quantity

The post Australian dollar burned in commodity bonfire appeared first on MacroBusiness.

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The Tally Room Friday, July 19, 2024 - 06:00 Source

Ben is joined by Ferran Martinez i Coma from Griffith University to discuss his research on how election campaigning differs in Spain in districts electing odd or even numbers of representatives.

We end up discussing more broadly the unsual impacts odd- and even-numbered district magnitudes impact on elections in Australia, and the ways in which the use of different district magnitudes (big and small) change how an electoral system manifests in both countries.

Read Ferran’s research on odd and even numbered districts.

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MacroBusiness Friday, July 19, 2024 - 00:10 Source

Wednesday’s dwelling construction data from the Australian Bureau of Statistics (ABS) was an unmitigated disaster and showed that the nation’s housing shortage continues to worsen. Only 171,667 dwellings were completed in the year to March, roughly 78,000 below the Albanese government’s annual 240,000 construction target. The forward-looking construction indicators were even worse. There were only

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Your Democracy Thursday, July 18, 2024 - 17:48 Source

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The Australian Independent Media Network Thursday, July 18, 2024 - 17:12 Source

The nation’s dentists have slated as a wasted opportunity the Government’s failure to properly consider funding dental services for Australia’s most vulnerable populations. The Government today (July 18) released its response to the Inquiry into Senate Select Committee into the Provision of and Access to Dental Services in Australia, held last year, which made 35…

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Renew Economy Thursday, July 18, 2024 - 17:02 Source
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MacroBusiness Thursday, July 18, 2024 - 17:00 Source

Another mixed session on Asian markets with the pullback on Wall Street overnight upsetting most equity markets while the sharp appreciation in Yen and local unemployment figures helped muddy the currency waters. European and US stock futures are quite flat as we head into the London session while the USD is being pushed around again

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, July 18, 2024 - 16:43 Source

Independent Tertiary Education Council Australia (ITECA) Media Release To improve equity and access to higher education, the 20% student loan tax on FEE-HELP loans needs to be abolished, according to the Independent Tertiary Education Council Australia (ITECA), the peak body representing independent higher education, skills training, and international education providers. The 20% student loan tax (formally…

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Renew Economy Thursday, July 18, 2024 - 16:04 Source
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Renew Economy Thursday, July 18, 2024 - 15:17 Source
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The Australian Independent Media Network Thursday, July 18, 2024 - 14:56 Source

By Dale Webster   IT is impossible to pinpoint an exact time when Australia’s big four banks turned on their regional customer base but May 24, 2024 will be remembered as the day the party ended – and they have no one to blame but themselves. After 15 months, 13 hearings and more than 600 submissions,…

The post A win for the people as Australia’s big banks finally go too far appeared first on The AIM Network.

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The Australian Independent Media Network Thursday, July 18, 2024 - 14:10 Source

Politics and facts are not necessarily good dinner companions. Both often stray from the same table, taking up with other, more suitable company. The Australian opposition leader, Peter Dutton, has never been discomforted by facts, preferring the chimera-like qualities demagoguery offers. His vision for Australia is admirably simple and simplistic. In foreign policy, he supports…

The post Dutton’s Quixotic Proposal: Nuclear Lunacy Down Under appeared first on The AIM Network.

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MacroBusiness Thursday, July 18, 2024 - 14:00 Source

New Zealand’s Q2 Consumer Price Index (CPI) was released on Wednesday. Inflation was lower than expected in the June quarter, with consumer prices rising by 0.4%. That saw the annual inflation rate slow to 3.3% (down from 4.0% in the year to March). The print was below the Reserve Bank’s forecast of 0.6% QoQ: Lower

The post Reserve Bank cleared to cut interest rates appeared first on MacroBusiness.

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Renew Economy Thursday, July 18, 2024 - 13:34 Source
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MacroBusiness Thursday, July 18, 2024 - 13:30 Source

Given the lies it constantly airs on the subject, SBS should be considered a taxpayer-funded lobbyist for Big Australia immigration. Last month, SBS Punjabi interviewed prominent immigration propagandist and managing director of the Australian Housing and Research Institute Michael Fotheringham to refute the notion that the rental crisis is being driven by high immigration. Fotheringham

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MacroBusiness Thursday, July 18, 2024 - 13:00 Source

Bernstein on youth makes for unhappy reading. Physical and mental health of young Americans has considerably worsened over the last decade. Due to advances in medicine, Gen Alpha is significantly less likely to be harmed by severe illnesses like polio or leukemia vs. Boomers. But the sharp rise in childhood obesity has exposed Gen Alpha

The post Millennials are sad sacks appeared first on MacroBusiness.

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MacroBusiness Thursday, July 18, 2024 - 12:30 Source

The ALP wants gas. Energy Minister Chris Bowen: “I think the ISP (Integrated System Plan) sums it up.” “They see gas capacity going up to 15 gigawatts by 2050, but total dispatch coming down.” “Because we need more support for renewables, but it will be dispatched less and less often as we build the renewables

The post Everybody wants gas, nobody will go get it appeared first on MacroBusiness.

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Renew Economy Thursday, July 18, 2024 - 12:15 Source
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MacroBusiness Thursday, July 18, 2024 - 12:05 Source

After surviving an assassination attempt, Trump is leading most polls for the next president. Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen and Chief Strategist, David Llewellyn-Smith, look at the legal issues and the potential outcomes, the likelihood of a Trump re-election and what it would mean for stock

The post MB Fund Podcast: Another Look At A Trump Presidency appeared first on MacroBusiness.

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