Blogotariat

I was of the view that Newspoll was going out of the polling business for some time, so this one surprised me: Labor 56% LNP 44% Best Prime Minister: Anthony Albanese 59% Peter Dutton 25% The only reason I have posted these statistics courtesy of the Poll Bludger is to exemplify that the first step in restoring…

The post Restoring a democracy that the Neo-Cons butchered appeared first on The AIM Network.

By Stephen Wu, Economist at CBA: Key Points: There is a strong correlation between consumer sentiment and consumption growth. Recently a gap has opened up, with sentiment much weaker than spending – although a large portion can be explained by economic factors. But consumer sentiment is still weak – even after accounting for other economic

The post CBA: Aussie household consumption is about to stall appeared first on MacroBusiness.

Ukrainian forces have “had the American military at their side” from the start of the conflict with Russia, the magazine Causeur cited a “well-placed analyst” in French intelligence as saying. Pentagon-hired contractors are allegedly “everywhere on the battlefield.”

The United Nations prides itself on exposing, monitoring and noting the travails and vicissitudes to be found on this troubled planet. It also prides itself on being the premier international institution that protects, or at the very least keeps an eye out for, the principles of the Charter that underpin its existence. But as with…

The post Punishing Whistleblowers at the United Nations appeared first on The AIM Network.

Quotable Value (QV) is the latest data provider to report that New Zealand dwelling values are plummeting. QV’s House Price Index (HPI) reported that average dwelling values plunged 4.9% over the three months to July, with all but one major districts recording price falls: The average value of homes nationally peaked at $1,063,765 in January,

The post Reserve Bank signs New Zealand housing’s death warrant appeared first on MacroBusiness.

If you were a powerful politician, there is a good chance you would make decisions that favour your mates. How do we know you might behave in this way? We set up a computer game to see whether everyday people get seduced into favouring their mates at the expense of others. The experiment involved over 600 university

The post Australian politics rigged by mates and grey corruption appeared first on MacroBusiness.

Until recently, oil was busy wrecking the business cycle. But, in the last few weeks, it has come off fast and is in the process of lifting economic activity. Where do we go from here? My own view is that it will hang on the Fed. Oil is not in sufficient deficit to drive the

The post Will oil ruin or save the cycle? appeared first on MacroBusiness.

The Federal Chamber of Automotive Industries (FCAI) released new car sales data for July, with sales nationally down basically flat against the same month last year, but annual sales growth continuing to stall: Commenting on the result, CEO of FCAI Tony Webber explained that global supply chain issues continue to restrict sales: “Vehicle and component

The post Supply constraints stunt Aussie new car sales appeared first on MacroBusiness.

Last year when we all enjoyed a brief period of relative RBA sanity, it junked its business liaison program and said it would not tighten policy until it saw actual strong wage gains in hard data. As we know, that regime collapsed in a month or two as the RBA was once again freaked out

The post Broken NAB business survey forecasts wages explosion appeared first on MacroBusiness.

An interesting fault line has developed between Australia’s economists on interest rates. On the hawkish side are outfits like ANZ and Westpac, who basically hold the market’s view that the official cash rate (OCR) will soar to a peak of 3.35%, meaning the RBA is only about half way through its monetary tightening cycle. As

The post Economists duke it out on Aussie interest rates appeared first on MacroBusiness.