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

The freshly re-elected Lord Mayor of Brisbane Adrian Schrinner has taken aim at the record net permanent and long-term arrivals figures released by the Australian Bureau of Statistics (ABS) on Tuesday. This data showed that Australia recorded the strongest monthly (105,500), quarterly (172,400), and annual (498,300) net permanent and long-term arrivals on record. Adrian Schrinner

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

 Where is London located? (a) The British Isles (b) Great Britain and Northern Ireland (c) The UK (d) Europe (or 'the EU') (e) Greater London

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Renew Economy Friday, April 19, 2024 - 09:43 Source
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MacroBusiness Friday, April 19, 2024 - 09:30 Source

The Market Ear on the new trend. That’s new April MTD – down moves bigger than up moves. Haven’t seen this since October 2023. Nomura NASDAQ – say hello to the 100 day NASDAQ is closing in on the 100 day moving average. 17500 is a massive short term support to watch. Note that the

The post Stocks only go down! appeared first on MacroBusiness.

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The Tally Room Friday, April 19, 2024 - 09:30 Source

One feature of the recent Tasmanian state election result was a surprisingly small number of candidates reaching a quota on primary votes, despite the quota being lower than any election in the last quarter century.

Just four candidates reached a quota: the leaders of the Liberal, Labor and Greens parties, and deputy premier Michael Ferguson.

Now that I have the final figures (and have grabbed some older data) I have been able to track how this compares to past elections, and have found that 2024 was indeed a bit unique.

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Your Democracy Friday, April 19, 2024 - 09:18 Source

The Russians are coming — or coming back, better put. 

As the November elections draw near, let us brace for another barrage of preposterous propaganda to the effect Russians are poisoning our minds with “disinformation,” “false narratives,” and all the other misnomers deployed when facts contradict liberal authoritarian orthodoxies.

 

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Renew Economy Friday, April 19, 2024 - 09:12 Source
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MacroBusiness Friday, April 19, 2024 - 09:00 Source

The USD rebounded on more hawkish Fedspeak overnight, with Wall Street still unable to put runs on the board as inflation concerns linger. European stocks moved higher on more dovish speak from the ECB which will give Asian stock markets mixed signals on the open this morning. The Australian dollar retraced back to the 64

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Friday, April 19, 2024 - 08:47 Source
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MacroBusiness Friday, April 19, 2024 - 08:38 Source

The Albanese Government has declared a population war on Australians. It intends to substitute the existing population with cheap foreign labour from the Third World as swiftly as possible. The strategy’s beauty is twofold. It lowers the standards and costs of all public services, and the population accepts it because it is being debased so

The post Albo’s population war destroys health system appeared first on MacroBusiness.

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MacroBusiness Friday, April 19, 2024 - 08:07 Source

DXY won’t go away: AUD is stuck at the bottom of its range: Anyone who thinks CNY is on its way to reserve currency status is not paying attention: Oil faded: But the Goldman-engineered copper scam is running full tilt: Miners weak: EM meh: Junk hope: No landing yields: Stocks are landing instead: Charlie McElligott

The post Australia dollar levelled by USD “wrecking ball” appeared first on MacroBusiness.

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Your Democracy Friday, April 19, 2024 - 07:39 Source

Government media funding supports the failing mainstream media (MSM) and right-wing advocacy groups like the Institute of Public Affairs.

The News Media Bargaining Code gifts $1b over four years from Google and Facebook mainly to Nine Network, Seven West Media, Guardian, and News Corp. The last two are foreign owned.

 

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Your Democracy Friday, April 19, 2024 - 06:14 Source

US President Joe Biden told an interviewer that he’d warned the Israeli government against attacking itself, in what appears to be the aging leader’s latest gaffe, and one that has again raised concerns over his mental state.

Speaking with Nexstar Media’s Reshad Hudson in an interview published on Wednesday, the 81-year-old president detailed his plans to win back pro-Palestinian voters, despite his ongoing support for Israel in its conflict with Hamas.

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Your Democracy Friday, April 19, 2024 - 05:45 Source

US-backed proposals to seize frozen Russian assets could undermine the international order, European Central Bank (ECB) President Christine Lagarde has cautioned. Her comments came during a meeting in Washington on Wednesday, where the G7 finance ministers and central bank governors were discussing the issue of using the immobilized assets of the Russian central bank to support Ukraine.

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

The geniuses at the RBA have turned their eye to Chinese steel, and, as usual, the outcome is a disaster: Weakness in the Chinese urban residential construction sector has persisted since 2021, and has significantly reduced the sector’s demand for steel. However, overall demand for steel has remained resilient due to recent growth in infrastructure

The post RBA’s iron ore meltdown appeared first on MacroBusiness.

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MacroBusiness Friday, April 19, 2024 - 00:05 Source

The National Bank of Canada has derided the government’s mythical plan to build 3.87 million new homes by 2031. This target would require an average annual run rate of 550,000 housing starts per year, about double the record high of 270,000 units in 2021. National Bank of Canada notes, “we’re also going to need people

The post Why Australia will never build enough homes appeared first on MacroBusiness.

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Renew Economy Thursday, April 18, 2024 - 21:19 Source
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Your Democracy Thursday, April 18, 2024 - 20:48 Source

Björn Höcke, the chair of the far-right Alternative for Germany party (AfD) in the eastern state of Thuringia, stands accused of intentionally deploying a slogan used by the Nazi party's paramilitary wing in a speech at a campaign rally.

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MacroBusiness Thursday, April 18, 2024 - 16:30 Source

Asian stock markets are trying to rebound from a bad trading week so far following the escalation in conflict across the Middle East, with yet more hawkish Fedspeak overnight not helping risk sentiment . The USD remains strong against most of the undollars but had a small retracement while bond markets calmed down as well.

The post Macro Afternoon appeared first on MacroBusiness.

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Your Democracy Thursday, April 18, 2024 - 15:31 Source

Speaker of the US House of Representatives Mike Johnson announced on Wednesday that he is sticking with his plan to send a series of foreign aid bills to the floor, including those for funding for Ukraine and Israel. Johnson said in a note to legislators that they'll vote on these on Saturday evening.

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John Quiggin Thursday, April 18, 2024 - 15:19 Source

In all the discussion of Leif Wenar’s critique of Effective Altruism , I haven’t seen much mention of the central premise: that development aid is generally counterproductive (unless, perhaps, it’s delivered by wealthy surfers in their spare time). Wenar is quite clear that his argument applies just as much to official development aid and to the long-standing efforts of NGOs as to projects supported by EA. He quotes burned-out aid workers “hoping their projects were doing more good than harm.”

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Renew Economy Thursday, April 18, 2024 - 15:12 Source
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Renew Economy Thursday, April 18, 2024 - 14:54 Source
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MacroBusiness Thursday, April 18, 2024 - 14:30 Source

The Useful Idiot is up to its old tricks again today: They’re close to the city, public transport, schools and parks – and Melbourne’s leafy eastern suburbs should be shouldering the burden when it comes to new housing, according to a new report. The report, by housing advocacy group Yimby Melbourne and published on Thursday, recommends

The post More YIMBY useful idiots appeared first on MacroBusiness.

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Renew Economy Thursday, April 18, 2024 - 14:06 Source
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The Australian Independent Media Network Thursday, April 18, 2024 - 14:05 Source

By Bert Hetebry   Having worked for many years with a diverse number of people from different ethnic groups and religions, and some with no religion, I was impressed that despite the differences, everybody seemed to get along. Being interested, I asked people about their faith, and found that people held their faith and cultural traditions…

The post Religious violence appeared first on The AIM Network.

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

AEP with his take on why gold has decoupled from traditional drivers. There is a strong suspicion among gold experts that China is behind the surge in buying, building up a war-fighting bullion chest through state-controlled banks and proxies. But others, too, can see that we are living through a fundamental convulsion of the global

The post Gold forecasting Trumpian “dystopia”? appeared first on MacroBusiness.

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MacroBusiness Thursday, April 18, 2024 - 13:30 Source

Rex Patrick has dug into how Pistol Pete Dutton reached his nuclear conclusions. In September 2020, the Morrison Government released a Low Emissions Technology Statement that placed Small Modular Reactors (SMR) on a list of watching brief technologies. SMR developments were to be monitored to see if they might play a part in Australia’s energy

The post Pistol Pete shoots nuclear from the hip appeared first on MacroBusiness.

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Renew Economy Thursday, April 18, 2024 - 13:29 Source
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MacroBusiness Thursday, April 18, 2024 - 13:00 Source

The inaugural chair of the Productivity Commission, Gary Banks, has joined the pile-on against the Albanese government’s “Future Made” subsidies for low-emissions manufacturing. In a speech to the Centre for Independent Studies (CIS), Banks described the subsidies as a “fool’s errand” that would embed waste and lower the nation’s productivity: “Seeking to obtain benefits to

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