Blogotariat

Because, increasingly, you will have neither. Ahead of Prime Minister Anthony Albanese’s upcoming trip to China, Sussan Ley said Australia should be wary of the expansion of an existing free trade agreement to include artificial intelligence and the digital economy. In an opinion piece in the Financial Review, China’s ambassador to Australia, Xiao Qian, urged

The post Do you want multiculturalism or democracy? appeared first on MacroBusiness.

Of all the narratives that exist within the realm of Australian housing and economics, one of the most hotly debated is “If housing is so expensive, how are people buying into the market?” Today, we’re going to take a data-driven deep dive into how Australians continue to enter the housing market for the first time.

The post How do first home buyers afford anything? appeared first on MacroBusiness.

It is amusing to watch some interest rate forecasters stick to tiny indicators. ANZ is one. After two consecutive months of decline, the ANZ-Indeed Australian Job Ads series has bounced back, from 114.8 in May to 116.9 in June. The unemployment rate and the hours-based underutilisation rate (a broader measure of spare capacity) have been

The post RBA to keep cutting in fight against 357% unemployment appeared first on MacroBusiness.

Overnight saw Wall Street react negatively to the Trump Tariff Tirade via letters to all the countries the regime has not yet done a trade deal (read: all but 3) with a surprisingly high number chosen for most and with threats of retaliation if any country decided to match or even attempt to put in

The post Macro Morning appeared first on MacroBusiness.

Trump & Israel fired the first shot in a major war on BRICS as Iran's resilient defense shocks the world. Geopolitical analyst Pepe Escobar joined the program directly after Iran's attack on a US air base in Qatar to react to the significance of the 12-day war and what's to come as the Collective West panics over the power of the multipolar world led by the emerging BRICS countries.

If Australia is to meet its 2030 renewable target it may need at least twice as much battery storage to make up for the shortfall in wind developments, and to back up solar.

Its the Tariff Trading Week! You get a deal – you get a deal – we all get a deal! By deal, I mean a letter from the Bully-in-Chief stating what tariff you have to accept, since there’s been less than three US trade deals actually made in the last 90 days. Stock markets in

The post Macro Afternoon appeared first on MacroBusiness.

“Never in our history,” declared a TV anchor, “has there been such an avalanche of information, so little believed or believable.”

This was no anguished lament over AI or social media. This was 1967, the era of the Vietnam War, racial tension, and urban blight, when a group of liberal satirists launched a prank so well-executed it would later be called “the hoax of the century.”

In the history of the U.S economy, every now and then there is a major shift in the balance of forces impacting the path of both growth and economic policy. While the coverage of this most recent shift has so far flown under the radar, it represents a major demographic alteration to the U.S. labour

The post America shows Australia has got immigration wrong appeared first on MacroBusiness.

As we know, Victoria disease is ripping through the Australian economy like COVID did before it. It is the plague of too many Labor governments importing too many people, creating a constantly rising demand for state-managed services, which do not have the revenue sources to pay for them. This is called horizontal fiscal mismatch. The

The post Victoria disease amputates political limb appeared first on MacroBusiness.

Investor group says Victoria

Over the weekend, OPEC+ production was raised of 548,000 barrels per day (bpd) for August, above the initial projection of 411,000 bpd. With the goal of regaining market share and stabilizing prices, this action quickens the rollback of the voluntary supply reduction in 2023. Even with this rise, OPEC+’s spare capacity is still projected to

The post Power bills roar higher again appeared first on MacroBusiness.