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MacroBusiness Thursday, April 10, 2025 - 07:26 Source

DXY was stable. AUD through the roof. Concrete boots now. Oil and gold rally. Copper is the loon metal. Others dour. Big miners stuffed. EM pumped. Credit stress gone. But yields up. Stocks to the moon! All markets are now the plaything of the Orange Madman. Bloomberg. President Donald Trump announced a 90-day pause on

The post Australian dollar goes mad appeared first on MacroBusiness.

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Renew Economy Thursday, April 10, 2025 - 07:00 Source
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Renew Economy Thursday, April 10, 2025 - 07:00 Source
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Renew Economy Thursday, April 10, 2025 - 06:59 Source
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Renew Economy Thursday, April 10, 2025 - 06:59 Source
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Your Democracy Thursday, April 10, 2025 - 06:29 Source

Kyiv, UkraineCNN — Ukrainian President Volodymyr Zelensky said two Chinese nationals fighting in the Russian army have been taken prisoner in eastern Ukraine.

Zelensky said Tuesday that Ukrainian forces fighting in the Donetsk region obtained the Chinese nationals’ documents, bank cards and personal data.

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Renew Economy Thursday, April 10, 2025 - 06:25 Source
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Renew Economy Thursday, April 10, 2025 - 06:03 Source
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The Tally Room Thursday, April 10, 2025 - 06:00 Source

Ben is joined by Stewart Jackson and Phoebe Hayman to discuss the role of the Greens in the federal election: the seats they are defending and are challenging for, the rivalry between Labor and the Greens and how the electoral system shapes their relationship. The seat of the week is Wills, in the inner north of Melbourne.

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Your Democracy Thursday, April 10, 2025 - 05:49 Source

Israel’s slaughter of Palestinians in Gaza, and now its seizing of their land is the worst example of genocide since the horrors of the genocides of Darfur in Sudan in 2003 and Rwanda in the 1990s.

Candidates running in the 2025 federal election, particularly those in marginal seats, must be held accountable for their actions and attitudes concerning the conduct of one of Australia’s closest allies.

 

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Your Democracy Thursday, April 10, 2025 - 05:28 Source

US President Donald Trump has raised the tariffs on Chinese goods to 125% in response to retaliatory measures imposed by Beijing earlier on Wednesday.

In a post on his Truth Social platform, Trump wrote that “based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately.” 

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MacroBusiness Thursday, April 10, 2025 - 00:05 Source

Realestate.com.au published an interesting article on how the Victorian government’s increases in taxes on investment property have landlords “under siege” amid falling rents: The report pointed to PropTrack research showing that median weekly rents declined or remained flat in more than 30 Melbourne suburbs in the year to February, meaning investors could be losing money

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Renew Economy Wednesday, April 9, 2025 - 21:59 Source
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Your Democracy Wednesday, April 9, 2025 - 21:36 Source

European countries have once again “taken up arms” against Russia, Foreign Minister Sergey Lavrov has said, commenting on the increasingly hostile stance of many governments toward Moscow.

Addressing the constant calls to prepare for a presumed Russian attack – a notion which Moscow has dismissed as baseless – Lavrov said all previous global conflicts were sparked by similar aggressive actions from Europe.

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MacroBusiness Wednesday, April 9, 2025 - 16:30 Source

The number is 104, or approx. 10 more points than the average IQ in the White House but it will rattle markets around the world as the 104% tariffs on China from the Trump regime take effect, but this looks to be just another blip in the blooming trade war that has no end. S&P

The post Macro Afternoon appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 9, 2025 - 13:30 Source

On the one hand, you’ve got a booming business marking up your products into the US economy by ludicrous multiples of your low cost slave labour workforce. On the other hand, you’ve got Donald Trump taxing the living daylights out of your cost base at astonishing speed. Then, as you prepare to make a deal

The post Who’d be a Chinese business? appeared first on MacroBusiness.

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Renew Economy Wednesday, April 9, 2025 - 13:19 Source
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Renew Economy Wednesday, April 9, 2025 - 13:10 Source
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MacroBusiness Wednesday, April 9, 2025 - 13:00 Source

The cognitive dissonance of the Grattan Institute is a sight to behold. This captured ‘think tank’, funded by taxpayers, corporate interests, and Melbourne University, continually produces propaganda on the immense benefits of running a mass immigration program while giving scant attention to the negative externalities on the housing market, infrastructure, productivity, living standards, and the

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MacroBusiness Wednesday, April 9, 2025 - 12:30 Source

Money.com has released research suggesting “there could be more pain ahead for renters”. Money.com points to analysis of Australian Bureau of Statistics (ABS) Consumer Price Index (CPI) data showing that rents have risen by 14.2% over the past two years — more than double the overall inflation rate of 6.6%. This 14.2% increase reflects the

The post Australian renters brace for more pain appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 9, 2025 - 12:00 Source

Justin Fabo from Antipodean Macro has published interesting charts showing how Australians continue to pay some of the highest mortgage rates in the world. The first chart shows that Australian mortgage rates on new home loans are the second-highest in the advanced world, behind those of the United States. Australia also has the equal highest

The post Aussie mortgage holders pine for rate cuts appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 9, 2025 - 11:30 Source

I appear to have written Peter Dutton’s gas policy, and what a Bobby Dazzler it is! Peter Dutton says the Coalition’s gas policy forcing LNG exporters to increase onshore supply and ­decoupling local prices from ­overseas markets will reduce wholesale prices by 23%, slash industrial retail gas bills by 15% and cut 7% from household

The post Dutton’s gas reservation modelling adds up appeared first on MacroBusiness.

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Your Democracy Wednesday, April 9, 2025 - 11:22 Source

In the US, the freshly installed administration of President Donald Trump is attempting to drastically reshape science. Here we focus on interventions that are relevant to epidemiology and public health.

These include: (i) restricting or eliminating access to health data; (ii) dictating what kinds of research can be conducted; (iii) cutting ties with international health bodies; and (iv) firing early-career researchers.

 

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MacroBusiness Wednesday, April 9, 2025 - 11:00 Source

East Coast Australia has doubled its gas production over the past decade, yet the domestic market has been supplied with 25% less gas. Part of this decline in domestic gas use reflects demand destruction: the tripling of prices has caused manufacturers to shutter and reduced consumption. Despite being a major exporter, East Coast Australia now

The post Australian gas must be for Australians first appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 9, 2025 - 10:30 Source

Out with the new and in with the newer at the Lunatic RBA. Somebody has to be sacked. The Lunatic RBA has starved the pig for market day. There is no excuse for it. It’s been obvious for six months that inflation is beaten, yet it refused to budge. Now, we have a private-sector economy

The post Lunatic RBA starved the pig for market day appeared first on MacroBusiness.

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Renew Economy Wednesday, April 9, 2025 - 10:02 Source
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The Tally Room Wednesday, April 9, 2025 - 10:00 Source

From one election to the next, the swings back and forth of Australian politics can look cyclical – that things start and end in the same place. But when you widen the time frame, things look different. Over time, some place move from being safe seats to marginal seats, or even from being safe seats for one major party to the other major party.

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MacroBusiness Wednesday, April 9, 2025 - 10:00 Source

The latest data from the Department of Education shows that a record 1.095 million international students were enrolled in Australia at the end of 2024. This was up by around 150,000 from the pre-COVID peak in 2019 and around 500,000 higher than a decade ago. It is astounding how a media outlet such as The Guardian

The post The Guardian lies again on rental crisis appeared first on MacroBusiness.

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xkcd.com Wednesday, April 9, 2025 - 10:00 Source

 Success! You have dismissed a head of the Notification Hydra!

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Your Democracy Wednesday, April 9, 2025 - 09:54 Source

 

President Trump and Israeli Prime Minister Benjamin Netanyahu met at the White House on Monday and reaffirmed their desire for the ethnic cleansing of Gaza, both claiming that there are other countries willing to take in the Palestinian population.

 

Trump and Netanyahu Reaffirm Their Vision for the Ethnic Cleansing of Gaza

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