Blogotariat

Climate misinformation are common, influential and damaging. They’re spread for a reason: to slow the uptake of clean alternatives to fossil fuels.

In the debate surrounding the viability of individual households servicing ever larger mortgages, the fact that Australia has yet to see large-scale defaults is often cited as evidence that the current level of debt is sustainable. Others use this as evidence to support the argument that we should allow households to incur even higher debt

The post Australia’s economic self harm appeared first on MacroBusiness.

During the pandemic, Victoria transformed into a police state. Residents were locked down for nine months, allowed to only exercise outside the home for one hour a day. Playgrounds were closed, play equipment was chained-up, and police patrolled the streets with vigour seeking to catch people not wearing their masks or following curfews. Police even

The post Victoria is broken appeared first on MacroBusiness.

In October 2024, then Canadian Prime Minister Justin Trudeau pledged to dramatically cut net migration into Canada. Looking at a chart of net overseas migration based on data from Statistics Canada, it appears that Trudeau’s promise has been entirely realised, with the rate of quarterly net migration into Canada in the first quarter of this

The post Canada’s migration statistics BS appeared first on MacroBusiness.

Strategic buffoon Anthony Albanese is discovering that kowtowing to Beijing only encourages it. “We have seen those issues in the past. I want to see Australian iron ore to be able to be exported to China without hindrance.” “If prolonged, the (pause) risks squeezing steel margins or forcing selective output cuts … but China cannot

The post The Pilbara killer stalks BHP appeared first on MacroBusiness.

From the Market Ear: Put hate is back Put call ratio imploding again… Mini top? SPX could be putting in a mini double top here, with the second high slightly lower. Note the 21 day and channel lows come in around 6650 (futures). A close below that and 6600 could come into play quickly. 50

The post Put Hate, CAPE Stretches, Metals Melt Up appeared first on MacroBusiness.

Israel has been paying influencers for social media posts to improve its image in the US, according to online magazine Responsible Statecraft. Israeli Prime Minister Benjamin Netanyahu has recently stressed the role of content creators in maintaining support for the Jewish state. 

The Albanese government’s First Home Guarantee scheme came into effect on Wednesday, allowing almost all first home buyers to purchase a home with only a 5% deposit, without requiring lenders’ mortgage insurance, as taxpayers will guarantee 15% of the mortgage. Analysis by Lateral Economics suggested that the 5% deposit scheme could increase home prices nationally

AGL and South Australia reach deal on extension to Torrens Island gas generators, needed because of delays to the new transmission link to NSW.

Unfortunately for the US, the Mango Paedo was allowed to give a speech at the UN1. Most of it was self-aggrandisement, lies and stoking the fear of foreigners he relies on to obtain votes from the gullible. To read it is like reading a story from a child with little or no concept of truth. It is extremely embarrassing for the US, that a conman who aims his speeches at his numerous rallies to the gullible MAGAts, believes such a silly speech could impress knowledgeable ambassadors, national leaders and sundry other functionaries, is astonishing.

Following the release of the ABS monthly inflation data for August, the outlook for interest rates held by various banks changed in a matter of hours. The figures showed that annual headline inflation rose to 3.0%, up from 2.8% in July, hitting the top end of the RBA’s target band for the first time since

The post Recession, rate cuts and the Reserve Bank appeared first on MacroBusiness.

The entire taxation arrangement around electric vehicles (EVs) is a reverse Robin Hood scenario, as it takes taxes from the poor to give to the rich. Michael Read at The AFR reported that the cost of the Fringe Benefits Tax (FBT) exemption for EVs has “blown out thirteenfold, and the benefits are disproportionately flowing to

The post Australians pay for bottomless EV subsidies appeared first on MacroBusiness.

Analysis from the OECD, published in The AFR, shows that Australia ranks second-last among wealthy nations in terms of productivity growth since the COVID-19 pandemic. EY’s chief economist, Cherelle Murphy, says the decline is partly attributable to “capital shallowing”—the fact that local companies are not investing enough capital in new equipment to match the growth