MacroBusiness
Monday, July 22, 2024 - 09:30
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Chinese steel demand indicators continue to sink. Auto sales are weakening: Property sales are going nowhere: As prices keep falling: Infrastructure bonds are very weak: Hammering cement demand: Nothing encouraging here for future steel demand. Goldman offers a gloomy outlook: First, the primary linkage between the property market and the real economy is through The post Chinese property sinks some more appeared first on MacroBusiness. |
MacroBusiness
Monday, July 22, 2024 - 09:00
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Friday night was a dumping ground as almost everything was sold off in reaction to more tech stock action on Wall Street plus continued political volatility with the BSOD IT crisis not helping at all. Wall Street continued to sell off alongside European stocks although the latter got no relief as Euro weakened under a The post Macro Morning appeared first on MacroBusiness. |
MacroBusiness
Monday, July 22, 2024 - 08:30
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The falls in Shanghai rebar futures eased on Friday but they are still perilously close to breaking the seven-year support line: A nice chart here from ANZ on Chinese FE inventories: Oodles of steel and port stocks climbing at a rate that suggests 70mt of oversupply in the global seaborne market. When the restocking tops The post Iron ore approaches terminal velocity appeared first on MacroBusiness. |
Your Democracy
Monday, July 22, 2024 - 07:34
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US National Security Adviser Jake Sullivan has said that he does not expect Israeli Prime Minister Benjamin Netanyahu to attack US President Joe Biden during his address to US legislators on Wednesday. White House officials were reportedly concerned that the speech could include public jabs at the administration. |
Your Democracy
Monday, July 22, 2024 - 07:29
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MacroBusiness
Monday, July 22, 2024 - 07:00
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The Stage 3 tax cuts have failed to brighten the mood of consumers, who remain locked in recession. Last week’s ANZ-Roy Morgan consumer confidence survey recorded the second weakest result since early December 2023: Net sentiment regarding the Australian economy in the longer term has collapsed to its lowest level so far this year: On Friday, The post Tax cuts fail to pull Australians out of recession appeared first on MacroBusiness. |
Your Democracy
Monday, July 22, 2024 - 06:34
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US President Joe Biden has ended his bid for re-election, opening the way for another Democratic candidate to take on Republican Donald Trump in November’s election. On Sunday afternoon (US time) Mr Biden declared it was in the “best interest” of the Democratic Party and the country for him to drop out of the 2024 US presidential race. He also endorsed Vice President Kamala Harris to replace him on the ballot. |
Your Democracy
Monday, July 22, 2024 - 06:21
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The most powerful companies in the world have united against free speech, and they’ve deployed your tax dollars to fund their mission. |
Your Democracy
Monday, July 22, 2024 - 06:11
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Shell Canada Drops 2050 Climate Goal from WebsiteShell is the latest oil giant to delete claims after an anti-greenwashing law passed in Parliament. Shell Canada has deleted a “net-zero” goal by 2050 from its website. The description of Shell’s Quest carbon capture and storage (CCS) project was edited in recent weeks, and no longer includes the heading “Achieving Net Zero by 2050.” |
MacroBusiness
Monday, July 22, 2024 - 06:04
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The news this morning is that POTUS Joe Biden will serve out his term but will NOT contest the Democratic nomination for the November election. He has endorsed his deputy, Kamala Harris, who will likely now take the ticket. Harris’ polling versus Trump is not especially good though being leader can change perceptions. Her running The post Biden goes, endorses Harris appeared first on MacroBusiness. |
Your Democracy
Monday, July 22, 2024 - 05:45
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List of 64 U.S. Coups During 1947-1989 This is the list of U.S. coups during the Cold War that’s presented in the highly regarded 2018 academic book COVERT REGIME CHANGE, by Lindsey O’Rourke. |
MacroBusiness
Monday, July 22, 2024 - 00:05
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Last year, Australian households experienced one of the world’s biggest decreases in real per capita household disposable income. Australians have also had one of the steepest reductions in real per capita since the beginning of the pandemic: According to the Australian Bureau of Statistics’ (ABS) March quarter national accounts, annual real per capita household disposable |
Renew Economy
Sunday, July 21, 2024 - 22:02
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Renew Economy
Sunday, July 21, 2024 - 20:04
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The Australian Independent Media Network
Sunday, July 21, 2024 - 19:24
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By James Moore Humiliation has long been a strong deterrent to failure in America. Our culture’s tendency is to blame the person, not the country or its capitalism. If you are in the ditch, you got there because you did not work sufficiently hard or smart, and you should not expect too much help climbing… The post Hillbilly Hypocrite appeared first on The AIM Network. |
THE BLOT REPORT
Sunday, July 21, 2024 - 14:47
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Renew Economy
Sunday, July 21, 2024 - 13:47
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John Quiggin
Sunday, July 21, 2024 - 12:24
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The Australian Independent Media Network
Sunday, July 21, 2024 - 12:22
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There’s a bit in the film “Casablanca” where the local police chief, Louis, is ordered to shut down Rick’s Cafe by the Nazis which goes like this: Rick: How can you close me up? On what grounds? Louis: I’m shocked! Shocked to find out that gambling is going on in here. Employee (approaching, to Louis):… The post Labor Must Have Known About The CFMEU! appeared first on The AIM Network. |
Renew Economy
Sunday, July 21, 2024 - 11:03
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MacroBusiness
Sunday, July 21, 2024 - 10:12
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DXY was up Friday night: AUD was down again: With North Asia this time: The specs are still marginally long: All commodities were smashed: Miners are in trouble: EM stocks are retesting the break out: Junk is fine: The curve flattened: Stocks sold again: These moves suggest the Trump trade is being priced with the The post Australian dollar free falls towards 2025 appeared first on MacroBusiness. |
MacroBusiness
Sunday, July 21, 2024 - 09:34
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This is what you get if your only goal in government is to meet the needs of corporations embedded in the energy and immigration economies. BofA: For a typical inflation targeting central bank, the reaction function is usually represented by a Taylor rule. This means that, in addition to the distance between observed inflation and The post Australian stagflation worst in the world appeared first on MacroBusiness. |
Renew Economy
Sunday, July 21, 2024 - 08:23
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Your Democracy
Sunday, July 21, 2024 - 07:44
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CrowdStrike outage: Airlines start to resume services Thousands of companies were dealing with huge backlogs of customers after one of the biggest technology crashes in recent years. Flights and doctor visits were canceled, and banks and TV channels went offline. |
Your Democracy
Sunday, July 21, 2024 - 06:52
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In Asian media this week: India’s message of foreign policy independence. Plus Green-tech overcapacity claims ‘absurd’; How West could help the Rest fight climate change; Asia-Pacific NATO would add to flash points; Party dismisses disgraced leaders; Newspaper scores press freedom own goal. A striking image from Narendra Modi’s recent visit to Russia was of the Indian Prime hugging Russian President Vladimir Putin.
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Your Democracy
Sunday, July 21, 2024 - 06:00
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Top NATO general claims Ukraine has ‘great’ war strategyMeanwhile, Russia’s advances on the frontlines and Vladimir Zelensky’s non-stop pleas for more military aid paint a different picture |
Your Democracy
Sunday, July 21, 2024 - 05:37
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The Australian Independent Media Network
Saturday, July 20, 2024 - 18:31
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Bring out the bon bons, the bubbles, and the praise filled memoranda for that old alliance. At the three-quarter century mark of its existence, the North Atlantic Treaty Organisation is showing itself to be a greater nuisance than ever, gossiping, meddling, and dreaming of greater acts of mischief under the umbrella of manufactured insecurity. It… The post NATO: 75 and Still Threatening appeared first on The AIM Network. |
Your Democracy
Saturday, July 20, 2024 - 13:17
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Joy Reid blasted brutally for calling Trump assassination attempt ‘photo op’, likening it with Biden’s Covid diagnosis MSNBC host Joy Reid targeted Donald Trump following his recent assassination attempt, implying that the former US President is partly to blame for it. |
The Australian Independent Media Network
Saturday, July 20, 2024 - 13:08
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ActionAid Media Release ActionAid welcomes the historic judgment of the court, which has declared that the Israeli Government’s continued occupation of the Palestinian territory is unlawful. The ICJ concluded that Israel’s treatment of Palestinians in the occupied territory constitutes systematic discrimination, and that its legislation and measures in the West Bank and East Jerusalem breach… The post ActionAid welcomes the historic judgment of the ICJ appeared first on The AIM Network. |