Weekend reading and MB media appearances

International Reading:

• Trump ignored Americans’ real pain. Now he’s paid the price – Independent
• Nasdaq plunges into correction territory as midterm results raise fresh questions about AI boom – CNN
• Elon Musk Lit Half A Billion Dollars On Fire In Texas Last Night – Huff Post
• GTA 6 Release Day Set To Cost America $1 Billion With 1.5 Million Workers Plotting a Mass Sick Day – IB Times
• Russia sells off more gold as war strains government budget. Russian central bank’s gold holdings fell by around 62 tons between December and September – TV World
• Trump promised every adult $5,000 if Republicans kept control of Congress. Thanks to Democrats, taxpayers won’t have to pay up and blow up the debt – Fortune
• KLM announces 5,000 job cuts; 15% of its workforce disappearing – NL Times
• LIV Golf is headed toward bankruptcy barring a last-minute rescue – NBC News
• Corporate America Cut Big Checks to Trump. Now CEOs Fear Subpoenas Are Coming. – WSJ
• Why the stock market is unexpectedly rallying in the wake of the Democratic blue wave – Yahoo
• It’s the economy, stupid: Gas prices, tariffs, the Iran War…Trump ignored Americans’ real pain. Now he’s paid the price – Independent
• Democrats’ midterm triumph sends US stocks soaring, but Tesla, SpaceX fall – SCMP
• France gears up for strikes and protests as unions promise national mobilisation – BBC
• “How to Fund a Fairer Economy—and Reduce Inequality” – Dollars and Sense
• Pound rises to its highest level since the Brexit referendum – BBC
• Bank of England hikes rates to 4% – what it means for your mortgage – iNews

Local Reading:

• Americans overwhelmingly voted against data centres. It’s a warning for Australia – ABC
• David Jones collapses, store closures expected before Christmas – The Age
• One Nation asks donors at $3,000-a-head Sydney fundraiser to accept ‘non-disclosure agreement’ – The Guardian
• The biggest school shake-up in years is coming as Australia moves to restrict screens and AI in education – 7 News
• Albanese government warned it is ‘sleepwalking into another robodebt scenario’ over use of algorithms and AI – The Guardian
• Trust in the Reserve Bank is under strain, RBA deputy governor concedes – ABC
• Australia has the ingredients to build a local battery manufacturing sector – CSIRO
• Survey finds Australia’s multicultural society ‘more divided’ and pessimistic – ABC
• Interest rates up – bank profits up – cost of living up – help us Albo help us! – First Dog on the Moon – The Guardian
• Aukus is ‘worst, riskiest and most costly’ Australian defence decision ever, public inquiry into submarine deal says – The Guardian
• Last poll before election day has Labour edging out of the 20s & ahead of National – Interest.co.nz
• NZ’s jobless rate rises to 5.7% – the highest for more than a decade – Interest.co.nz
• Housing values continued falling in October as buyers call the shots – Interest.co.nz

MB Media Appearances:

This interview with James Macpherson at News24 discusses the fallout of the RBA’s rate hike on Tuesday and what it means for mortgage holders and the economy.

This Treasury of Common Sense with Luke Grant on Radio 2GB/4BC analyses Australia’s extreme vulnerability to a diesel shortage that could drive the economy into recession. We also discuss the Snow Hydro 2.0 disaster.

This interview with Mike Jeffreys from Radio 2GB/4BC discusses Tuesday’s looming interest rate hike and what it means for Australians.

This interview with ABC Brisbane discusses the extreme pain Australian mortgage holders face as interest rates approach an 18-year high.

This extract from the Macro & the Mortgage Podcast with Catherine Cashmore from Land Cycle Investor unpacks Australia’s looming energy disaster.