Blogotariat

In June, Australian property values reached a record high, as illustrated by PropTrack below. The Westpac Consumer Sentiment Index, released this week, confirmed that Australians had turned hyper-bullish on property prices, expecting large increases in the coming months. As illustrated below by AMP chief economist Shane Oliver, consumer expectations for house price growth have hit a

I have noted the pivot at Crikey to Wokey over the past few years. Gone are hard-hitting critiques based upon a push for political and national interest transparency. In their place now is a conga line of whingers seeking to cancel anybody who upsets a snowflake. This is its choice, and reducing its coverage to

The post Albo releases tide of China grovelling appeared first on MacroBusiness.

The Australia-United States Free Trade Agreement (AUSFTA), which took effect in 2005, was a bad deal for Australia that favoured the United States at our expense. The Crawford School of Public Policy at the Australian National University (ANU) analysed AUSFTA and discovered that a decade later, the agreement had diverted more trade than it created.

The post Australia should withdraw from its FTA with the USA appeared first on MacroBusiness.

Honestly, if everybody is happy to take this, then they deserve it. AFR. Prime Minister Anthony Albanese has ruled out watering down foreign investment rules despite criticism from Beijing but reassured Chinese gas companies that supply contracts won’t be cancelled should the government establish an east coast gas reservation. Chinese fears over a potential threat

The post Leave Albo in China, bring back Aussie gas appeared first on MacroBusiness.

The callousness of the Ukrainian offer to exchange the exhumed remains of Russian WWII soldiers for Ukrainian military prisoners is “hard to imagine,” former US Department of Defense analyst Karen Kwiatkowsky told Sputnik.

“It also suggests that there are not enough current Russian soldiers dead or captured to match those Ukrainians dead or held as POWs by Russia,” Kwiatkowski notes.

Victorian government announces new funding for local councils and charities to make it easier for households to recycle batteries.

DXY is up and away. AUD appears to have locked in its double top. There may be a pop on Chinese yawnulus, but I expect disappointment. Sacking Powell is the only hope now. Lead boots are plodding downhill. Metals meh. Same same. Big mining bear locked in. EM is running against DXY. Junk funk. Long

The post Australian dollar pounded by stalling economy appeared first on MacroBusiness.

AS EUROPE WAS HOT, DEBATE ABOUT GLOBAL WARMING WAS NOT ON FOR SOME... SURE, WHAT WE DO NOW, WON'T HAVE AN IMPACT IN THE NEAR FUTURE, BUT SCIENCE TELLS US THAT SHOULD WE DO NOTHING, THINGS COULD GET A LOT WORSE IN FIFTY TO ONE HUNDRED YEARS FROM NOW... AIR CONDITIONING IS A HOT TOPIC AS COOLING INSIDE HOUSES USES A LOT OF ENERGY...

As China’s property sector continues to deteriorate with each passing day, reports of renewed stimulus for the sector emerge every few months from the Chinese press or policymakers. Each time it’s like watching an infomercial on daytime television: “It’s new. It’s improved. It’s better than ever.” Then, like many mail-order products that claim to achieve

The post Chinese property stimulus fails Australia appeared first on MacroBusiness.

Three people were killed and several others were injured in the strike on Gaza's only Catholic church, which was widely condemned. Follow DW for more.

Middle East: Israel 'deeply regrets' strike on Gaza churchLouis Oelofse | Timothy Jones dpa, AFP, Reuters, AP

Netanyahu's office says Israel 'deeply regrets' strike on church in Gaza 

Israel said it "deeply regrets" striking the only Catholic church in Gaza City.

US-made Patriot surface-to-air missile (SAM) systems will be delivered to Ukraine “as quickly as possible,” and Germany will pick up the tab, NATO’s top military commander in Europe, American General Alexus Grynkewich, has said. Washington and Berlin agreed on the scheme earlier this week.