Blogotariat

Oz Blog News Commentary
The Tally Room Monday, June 17, 2024 - 09:30 Source

Following the publication of the proposals for the Victorian and WA redistributions, I put together two posts analysing different angles at a deeper level than the original analysis.

Rather than fully revisiting the topics, I thought I would just use one post to apply the same analysis to the NSW proposal, and also zoom out to the national level.

Read more Views: 76
MacroBusiness Monday, June 17, 2024 - 09:00 Source

Friday night saw continued volatility on European markets due to more political instability while Wall Street was unable to continue its record highs as interest rate expectations moderated. The USD initially climbed but gave up a lot of its gains later in the session but most of the currency majors remain in a depressed state

The post Macro Morning appeared first on MacroBusiness.

Read more Views: 40
MacroBusiness Monday, June 17, 2024 - 08:04 Source

In the below detailed weekend interview with Luke Grant at Radio 2GB, I discussed Australia’s energy failures and what they mean for the economy. I also discussed the latest migration numbers and the record collapse in Australian household disposable income. Edited Highlights: Australia are the equivalent of a Middle Eastern oil country when it comes

The post Australia has no economic future without cheap energy appeared first on MacroBusiness.

Read more Views: 43
MacroBusiness Monday, June 17, 2024 - 07:39 Source

Goldman is negative on the EUR in the wake of French elections. EUR: Election injection, becoming a collection.Moves across European FX markets have been consistent with the sudden injection of fresh political risk premia, reminiscent of some of the risk reverberations of the last decade. With this in mind, we revisit some of our rules

The post Major bank: Falling EUR to land on AUD appeared first on MacroBusiness.

Read more Views: 41
MacroBusiness Monday, June 17, 2024 - 07:00 Source

The NSW Government has announced that it will build 400 homes over three years for essential workers to rent at a cost of $450 million, or $1,120,000 each: The build-to-rent scheme, which aims to “increase the supply of well built, well located, secure and accessible rental accommodation for the essential workers who keep Sydney running

The post NSW government fiddles while renters burn appeared first on MacroBusiness.

Read more Views: 44
John Quiggin Monday, June 17, 2024 - 05:03 Source

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.

Read more Views: 103
MacroBusiness Monday, June 17, 2024 - 00:05 Source

This month’s national accounts release from the Australian Bureau of Statistics (ABS) showed that growth in real GDP and per capita GDP plunged to their lowest level since the early 1990s recession: Australian per capita GDP is now tracking at late 2021 levels after falling by 1.3% year-on-year: Both business confidence and conditions have eased

The post Australia’s economy continues to deteriorate appeared first on MacroBusiness.

Read more Views: 41
The Australian Independent Media Network Sunday, June 16, 2024 - 19:51 Source

By James Moore   “But let’s all remember Donald Trump is just a flatulent old man with an orange spray-tan who fell asleep at his own trial,” Illinois Gov. J.B. Pritzker Donald Trump is such a vulgar human being we ought to be ashamed to be members of the same species. Even more disgusting and tragic,…

The post The Old Man with a Spray Tan appeared first on The AIM Network.

Read more Views: 83
Renew Economy Sunday, June 16, 2024 - 16:16 Source
Read more Views: 84
MacroBusiness Sunday, June 16, 2024 - 16:05 Source

Communists love to set “targets”. In that sense, ALP state governments are looking like radical lefties. NSW: Housing will be the centrepiece of the New South Wales budget, with money for social and affordable homes, regional development and essential services to support growth across Sydney. While the treasurer, Daniel Mookhey, acknowledged there was no quick

The post When you can’t build homes, set a target appeared first on MacroBusiness.

Read more Views: 81
MacroBusiness Sunday, June 16, 2024 - 15:38 Source

By Gareth Aird, head of Australian economics at CBA: Key Points: We expect the RBA Board will leave the cash rate unchanged next week in a straight forward decision. The Q1 24 national accounts and recent labour market data were largely in line with the RBA’s latest economic forecasts. The June Board meeting comes in

The post RBA to keep interest rates on hold appeared first on MacroBusiness.

Read more Views: 54
Renew Economy Sunday, June 16, 2024 - 15:34 Source
Read more Views: 50
The Australian Independent Media Network Saturday, June 15, 2024 - 20:08 Source

Everyone knows how it goes, as things get a bit older, they are a little less reliable. This is being typed on a five year old computer. the computer still works but it’s a little slower to start up than it used to be and sometimes it has a conniption or two when swapping between…

The post Dutton’s nuclear vapourware appeared first on The AIM Network.

Read more Views: 64
The Australian Independent Media Network Saturday, June 15, 2024 - 18:21 Source

War always commands its own appeal. It has its own frazzled laurels, the calling of its own worn poets tenured in propaganda. In battle, the poets keep writing, and keep glorifying. The chattering diplomats are kept in the cooler, biding their time. The soldiers die, as do civilians. The politicians are permitted to behave badly.…

The post Ukraine, Continued Aid, and the Prevailing Logic of Slaughter appeared first on The AIM Network.

Read more Views: 65
The Australian Independent Media Network Saturday, June 15, 2024 - 16:25 Source

Friends of the Earth Australia Media Release Today the federal government officially declared the Illawarra offshore wind zone 20 kilometres off the coast of Wollongong in NSW. Environmental justice organisation Friends of the Earth welcomes the announcement, saying it’s good news for action on climate change and job creation. “From Gippsland in Victoria to the…

The post Illawarra offshore wind zone declaration good news for climate appeared first on The AIM Network.

Read more Views: 73
Renew Economy Saturday, June 15, 2024 - 11:03 Source
Read more Views: 68
MacroBusiness Saturday, June 15, 2024 - 09:53 Source

The iron ore dead cat is still bouncing, with rebar finally joining in: Dalian futures too: And coking coal: CISA late June steel output was firm, though inventories surged to up a little year on year: Scuttlebutt is better: Average daily out for hot metal among steelmakers surveyed climbed by 1.5% from the previous week

The post Iron ore is almost out of rope appeared first on MacroBusiness.

Read more Views: 83
MacroBusiness Saturday, June 15, 2024 - 09:12 Source

DXY is trending higher. EUR is sinking: AUD is down though up in EUR: CNY is sliding inexorably: Oil and gold firmed: Metals lose out: Miners too: EM holds on: Junk stalled again: Despite tumbling yields: Stocks have bifurcated around EU shocks: French assets are being hosed as National Rally is the clear polling leader

The post Australian dollar sinks with Europe appeared first on MacroBusiness.

Read more Views: 75
The Australian Independent Media Network Saturday, June 15, 2024 - 08:10 Source

By Michael Williss A fresh warning that the US will lose a war with China has just been made by a US data analytics and military software company with US Department of Defense contracts. It seems no-one is prepared to back the US to win a war with China, so why is Australia going all-out…

The post Why bet on a loser? Australia’s dangerous gamble on the US appeared first on The AIM Network.

Read more Views: 71
New Politics Saturday, June 15, 2024 - 07:45 Source

Read more Views: 85
MacroBusiness Saturday, June 15, 2024 - 00:10 Source

International Reads: Trump floats eliminating U.S. income tax and replacing it with tariffs on imports – CNBC Why Nearly Half of US Online Job Postings Are Fake – Epoch Times Economist Paul Krugman Reacts To May CPI Data: ‘Inflation Has Basically Been Defeated’ – Bezinga Inflation rises 3.3% in May, less than expected – Fox

The post Weekend Reading and MB Media Appearances appeared first on MacroBusiness.

Read more Views: 84
The Australian Independent Media Network Friday, June 14, 2024 - 18:09 Source

I once wrote that the Liberals would be releasing their policies closer to the election and, by closer, I mean a few weeks AFTER the election. Of course I was being facetious and I never expected that a Liberal leader would think that it was a fantastic way to avoid scrutiny of his policy but…

The post The Potential Labor Landslide… appeared first on The AIM Network.

Read more Views: 83
John Quiggin Friday, June 14, 2024 - 17:16 Source

Referring back to this 2002 post defining “neoliberalism”, I find the claim that the “The (UK) Conservative party is hovering on the edge of extinction”.

Read more Views: 77
George Monbiot Friday, June 14, 2024 - 17:08 Source

The crucial green policies missing from Labour’s manifesto.

By George Monbiot, published in the Guardian 13th June 2024

It’s a story of the good, the bad and the absent. There are some strong green policies in Labour’s manifesto. It will greatly increase investment in wind and solar power, block new licences for oil and gas fields, improve rail and bus networks and upgrade 5m homes. It will end the pointless badger cull, take action against polluting water companies and “expand nature-rich habitats”.

Read more Views: 79
MacroBusiness Friday, June 14, 2024 - 16:30 Source

Asian stocks are muted as markets continue to digest this week’s double US CPI/PPI prints with the latest BOJ meeting providing the only catalyst throughout the region as Yen is sold off as they hold off on reducing bond purchases. The USD remains quite firm against the other majors as well with the Australian dollar

The post Macro Afternoon appeared first on MacroBusiness.

Read more Views: 71
George Monbiot Friday, June 14, 2024 - 16:01 Source

The Greens are the only party with a chance of winning seats that is not beholden to oligarchic power.

By George Monbiot, published in the Guardian  12th June 2024

Read more Views: 80
George Monbiot Friday, June 14, 2024 - 15:47 Source

An election is a device for maximising conflict and minimising democracy.

By George Monbiot, published in the Guardian 6th June 2024

Everything hangs on them but little changes. For weeks or months, elections dominate national life. Media reports and public conversations are monopolised by furious jostling and frantic speculation. All else – policymaking, problem-solving, reason itself – grinds to a halt. Unsurprisingly, when the frenzy is over, we discover we have solved almost none of our problems.

Read more Views: 179
Renew Economy Friday, June 14, 2024 - 14:32 Source
Read more Views: 75
Renew Economy Friday, June 14, 2024 - 14:17 Source
Read more Views: 68
Renew Economy Friday, June 14, 2024 - 14:16 Source
Read more Views: 64

Pages