MacroBusiness
Thursday, July 24, 2025 - 09:00
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Everything is awesome for stock markets as Wall Street pushed through more record highs as earnings surprised to the upside for everyone, except Tesla! The Japan-US trade deal buoyed spirits even if the details actually outweigh the headline 15% tariff rate, but its making the Trumpists happy as they pivot towards similar bullying against the The post Macro Morning appeared first on MacroBusiness. |
MacroBusiness
Thursday, July 24, 2025 - 08:00
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DXY is getting belted again as trade deals flow in. They don’t look great to me, but must be less severe than the market expected. AUD scorched to a new high. The big short is working wonders. Lead boots jumped. Gold is skeptical of DXY. Oil is where it should be. Lol, copper. Could copper The post Australian dollar rocket scorches to new high appeared first on MacroBusiness. |
Your Democracy
Thursday, July 24, 2025 - 07:21
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Only a complete imbecile would trust the British as allies. History offers no example of London taking serious risks for the sake of partnership. On the contrary, Britain’s favorite geopolitical sport has long been to encourage continental states to exhaust themselves in battles with stronger adversaries – only for the UK to later emerge as the diplomatic victor. Throwing allies under the bus is tradition, not exception.
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Your Democracy
Thursday, July 24, 2025 - 06:47
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French President Emmanuel Macron’s approval rating has dropped below 20% for the first time since taking office, as criticism mounts over rising defense spending and cuts to social programs. Prime Minister Francois Bayrou also performed poorly in the same poll, with the two forming the most unpopular executive pair of the Fifth Republic. |
Your Democracy
Thursday, July 24, 2025 - 06:00
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In an age where every celebrity meltdown or presidential tantrum is livestreamed, where partisan jabs flood timelines within seconds, and where outrage is algorithmically amplified to viral proportions, one might assume that the most heinous crimes – especially those committed against the most vulnerable – would dominate media discourse. Yet the opposite is true.
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Your Democracy
Thursday, July 24, 2025 - 05:44
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There was a time when Australian writings on China were first-class._ C.P. Fitzgerald’s classic, for example, ‘The Birth of Communist China’ gave us a unbiassed insight to the factors that propelled the Communist forces to their 1949 victory. |
MacroBusiness
Thursday, July 24, 2025 - 00:05
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Jobs and Skills Australia (JSA) has expressed concern that the nation’s universities are not producing graduates who have the skills that employers need. JSA commissioner Barney Glover says the organisation’s research has found that this is problem with engineering and IT graduates in particular. He notes that employers consider that up to 90% of graduates |
Renew Economy
Wednesday, July 23, 2025 - 18:03
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Renew Economy
Wednesday, July 23, 2025 - 18:03
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Renew Economy
Wednesday, July 23, 2025 - 18:01
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Renew Economy
Wednesday, July 23, 2025 - 17:26
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Renew Economy
Wednesday, July 23, 2025 - 17:11
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MacroBusiness
Wednesday, July 23, 2025 - 16:00
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A better mood on Asian share markets today bolstered by the new US-Japan “deal” which sent Japanese stocks more than 2% higher but has resulted in pushback from US car makers due to the details surrounding metal tariffs. Watch out for a possible reversal later tonight on Twitter! The BOJ will have its hands full The post Macro Afternoon appeared first on MacroBusiness. |
Renew Economy
Wednesday, July 23, 2025 - 15:24
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Your Democracy
Wednesday, July 23, 2025 - 15:20
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The House Appropriations Committee voted Tuesday to rename the Kennedy Center Opera House after first lady Melania Trump, approving an amendment by Rep. Mike Simpson (R‑ID) as part of the fiscal year 2026 Interior, Environment and Related Agencies Appropriations Bill.
Kennedy Center Opera House One Step Closer to Becoming ‘Melania Trump Opera House’
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Renew Economy
Wednesday, July 23, 2025 - 15:02
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Renew Economy
Wednesday, July 23, 2025 - 14:55
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Renew Economy
Wednesday, July 23, 2025 - 14:18
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Renew Economy
Wednesday, July 23, 2025 - 14:08
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MacroBusiness
Wednesday, July 23, 2025 - 14:00
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New Zealand experienced one of the world’s largest house price increases during the pandemic, only for prices to then crash back to pre-pandemic levels over subsequent years. The following chart from Justin Fabo from Antipodean Macro illustrates the enormous boom and bust of New Zealand’s housing market. The upside is that housing affordability in New |
Landmark battery with first contract to deliver system strength to local grid begins full operations |
MacroBusiness
Wednesday, July 23, 2025 - 13:30
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The Market Ear says the latter. Real economic headwind Goldman sees tariffs as a real economic headwind—not just a headline risk. Higher prices may drag on real incomes, stalling consumption and growth. Add slowing hiring and trade data, and the stage is set for policy shifts and weaker GDP. But there is always a silver The post US stagflation or rate cuts? appeared first on MacroBusiness. |
MacroBusiness
Wednesday, July 23, 2025 - 13:00
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As we know, the corrupt RBA won’t ever mention immigration, so it’s unable to forecast anything, least of all inflation. This has led to the RBA leading the economic charge backwards for well over a decade as it constantly worries about wage breakouts amid immense and permanent positive labour supply shocks that crush age growth. The post Corrupt RBA completely lost appeared first on MacroBusiness. |
MacroBusiness
Wednesday, July 23, 2025 - 12:30
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Westpac with the note. Leading Index growth rate drops to 0.03% in June. Main drag coming from commodity prices, sentiment and hours worked. Detail suggests some near-term fragility if recent supports from financial markets, interest rate expectations and US growth fall away.. The recovery that was gaining traction through the second half of 2024 has The post Aussie leading index sinks into the bog appeared first on MacroBusiness. |
Your Democracy
Wednesday, July 23, 2025 - 12:23
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Donald Trump and his team reveal how panicked they are over surging Epstein cover up backlash and Congress seeking to have Ghislaine Maxwell testify publicly as they announce plans to set up meeting between Maxwell and the DOJ to get more information, which proves the DOJ closed the Epstein investigation without ever talking to his top accomplice. John Iadarola and Luke Beasley break it down on The Damage Report. |
MacroBusiness
Wednesday, July 23, 2025 - 12:00
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Later this year will be the 28th anniversary of the signing of the Kyoto Protocol, which saw an agreement struck to pursue emissions reductions and stabilisations. In the almost three decades since, the decline of thermal coal demand has been forecast repeatedly, only for demand to surge to new heights, largely driven by dramatic increases The post Coal demand to surge, but Australia will miss out appeared first on MacroBusiness. |
Your Democracy
Wednesday, July 23, 2025 - 11:53
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In these times when the weather is turning crap, it's salutary to review history, that of our pre-war capitalists who, even before Hitler was chancellor, chose Nazism. Annie Lacroix-Riz is a historian incapable of leaving history alone. While the story of our past is engraved in stone by historical newsprints, she must erase, add, and shake things up.
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MacroBusiness
Wednesday, July 23, 2025 - 11:30
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Treasurer Jim Chalmers has released a participants list for its upcoming Economic Reform Roundtable, which “is all about building consensus on long term economic reform, with a focus on resilience, productivity and budget sustainability”. The list comprises around 28 groups representing the business, industry, and academic sectors, as well as government representatives. The list is |
MacroBusiness
Wednesday, July 23, 2025 - 11:00
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The ferrous rocket flamed out yesterday. Miners are gapping into madness as the Pilbara killer cometh. At these prices, which will trigger a gusher of supply from India, iron ore needs more demand fuel from the Politburo. Colour me skeptical. Goldman. Ahead of the latest Central Urban Work Conference(CUWC), chaired by President Xi and attended The post Iron ore gaps into madness appeared first on MacroBusiness. |
MacroBusiness
Wednesday, July 23, 2025 - 10:30
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Victoria has had the cheapest energy on the East Coast for many years. The VIC government likes to crow about it. But there is a problem. This is not renewable energy. VIC has had cheap energy thanks to abundant gas and brown coal resources, which still comprise 60% of output. Even worse, it is only The post Doomed Victoria: from world’s cheapest energy to most expensive appeared first on MacroBusiness. |