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MacroBusiness Friday, July 25, 2025 - 11:30 Source

How can the central bank of the only enduring immigration-led, labour market expansion economic model on earth never mention immigration? It is a trick question, of course. The model is only possible because the mention of the word immigration is cancelled, thus enabling the ongoing slaughter of living standards for extant Australians. Imagine if they

The post Bullock RBA is slow but it ain’t steady appeared first on MacroBusiness.

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MacroBusiness Friday, July 25, 2025 - 11:30 Source

ANZ is excited. China: reflation kicks off China kicks off a reflation strategy, signalled by a mega hydropower project. The goal is to restore the inflation dynamics via supply-side tightening and creating new demand side. Producer price index (PPI) could turn positive soon due to rising commodity prices. But it will still takeat least two

The post China bomb stimulus upon us! appeared first on MacroBusiness.

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Renew Economy Friday, July 25, 2025 - 11:22 Source
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MacroBusiness Friday, July 25, 2025 - 11:00 Source

Last year, the National Anti-Corruption Commission (NACC) became involved in its own corruption crisis. When the Royal Commission on the Robodebt Scheme released its report, the commissioner recommended that six people be submitted to the NACC for investigation. Many Robodebt victims were outraged when the NACC announced that it would not execute the recommendation. The

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MacroBusiness Friday, July 25, 2025 - 10:30 Source

In the Albanese government’s first term in office, a strategy that could be broadly summed up as “Steady as she goes” or “Small target government” was pursued. While such an approach left the government with a minimal book of policy accomplishments, it also provided the Coalition few easy opportunities to gain momentum and present themselves

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MacroBusiness Friday, July 25, 2025 - 10:00 Source

Neither policymakers nor proponents of a Big Australia accept the importance of water in the immigration debate. A succession of papers has warned that Australia will experience chronic water shortages and escalating water bills as its population rises by millions, driven by chronically high immigration levels. For example, Infrastructure Australia’s 2017 modelling forecast that real household

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xkcd.com Friday, July 25, 2025 - 10:00 Source

Geologists claim it's because the earlier Cenozoic used to be called the Tertiary, but that's just a ruse to hide the secret third geologic period, between the Neogene and the Quaternary, that they won't tell us about.

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MacroBusiness Friday, July 25, 2025 - 09:30 Source

The ferrous complex short squeeze is flaming out. Arch CCP groveller Twiggy Forrest was on the hustings yesterday. The Australian. The next chapter in the Australia-China relationship will define our shared futures for the next century. It was significant that one of the defining moments of the Prime Minister’s visit was one I had not experienced on

The post Green steel dream turns nightmare appeared first on MacroBusiness.

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MacroBusiness Friday, July 25, 2025 - 09:00 Source

Risk markets were relatively benign overnight as the ECB meeting came and went without any movement in interest rates as expected while the latest US initial jobless claims didn’t surprise either with the USD putting in a very small rally after a week or more of weakness. Pound Sterling fell back the sharpest among the

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Friday, July 25, 2025 - 08:08 Source
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MacroBusiness Friday, July 25, 2025 - 08:00 Source

The human face of Australia’s rental crisis was revealed this year when father of three Morgan Cox bravely fronted ABC’s Q&A seeking answers to Australia’s rental crisis. Morgan Cox is a typical hardworking Australian living on the NSW Central Coast. He works two jobs to help support his partner and three children, one of whom

The post Housing crisis: Aussies pay $10,000 more to rent appeared first on MacroBusiness.

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Your Democracy Friday, July 25, 2025 - 07:49 Source

French President Emmanuel Macron has announced that his country will recognize Palestine as a state in pursuit of what he called a “historic commitment to a just and lasting peace” in the region.

In a surprise statement on X on Thursday, Macron said that he would make a formal announcement to this effect at the United Nations General Assembly in September in New York.

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Renew Economy Friday, July 25, 2025 - 06:17 Source
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Your Democracy Friday, July 25, 2025 - 06:10 Source

Australia has lifted biosecurity restrictions on beef imports from the United States, one of the key grievances that led the Trump administration to impose tariffs on Australia.

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Your Democracy Friday, July 25, 2025 - 05:43 Source

US Senator Lindsey Graham recently slammed Ukrainian President Volodymyr Zelensky for weakening Ukraine’s “critical anti-corruption institutions” — the National Anti-Corruption Bureau (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAPO).

Why is the US senator so invested?

 

Gutting the Western-Built Machine

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Your Democracy Friday, July 25, 2025 - 04:24 Source

INSERT CARTOON HERE

Albanese in China: 6 days, 1 panda, 0 shouting. (Some) media outrage level: critical.

Never mind that the trip secured new trade protocols, tourism agreements, and a fresh review of the China–Australia Free Trade Agreement. Never mind the agricultural breakthroughs, the reopening of tourism channels, or the decarbonisation talks with major iron ore exporters and Chinese steelmakers. None of that seemed to matter. The real problem, we were told, was tone.

 

Fred Zhang

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Your Democracy Friday, July 25, 2025 - 03:33 Source

 

Ukraine’s calls for a meeting between Russian President Vladimir Putin and Vladimir Zelensky are premature, as the two sides have yet to make progress on major points of disagreement, the Kremlin said on Thursday following the latest round of peace talks.

The negotiations, held in Istanbul the day before, lasted less than an hour. Both sides agreed on several humanitarian issues, including the exchange of prisoners of war, civilian detainees, and the repatriation of soldiers’ remains.

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MacroBusiness Friday, July 25, 2025 - 00:05 Source

In December 2024, a joint report from UNSW and Homelessness Australia claimed that 10,000 extra Australians were becoming homeless each month. “Since 2020, rents have risen at rates unseen since 2008. During the period March 2020 to June 2024, the median advertised weekly rent for all property types across all cities and regions rose from

The post Australia’s homelessness epidemic is no accident appeared first on MacroBusiness.

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Renew Economy Thursday, July 24, 2025 - 21:43 Source
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Your Democracy Thursday, July 24, 2025 - 19:48 Source

 

The German chancellery insists the ruling coalition is united in its stance on Israel's actions in Gaza, despite differing views. A split appeared after Germany refused to add its name to a 28-country declaration.

German Chancellery Minister Thorsten Frei on Wednesday dismissed concerns of a rift within Germany's coalition government over its position on Israel.

An apparent split emerged after Germany opted not to join dozens of Western countries in signing a condemnation of the "inhumane killing" of Palestinian civilians in Gaza on Monday.

 

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MacroBusiness Thursday, July 24, 2025 - 16:30 Source

Asian share markets like other equities are doing the FOMO trade as it looks apparent that everyone is going to get a new baseline 10-15% tariff rate from the Trump regime with news that the EU is likely to be next, enshrining higher prices for US consumers for almost everything they buy. Wall Street doesn’t

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Thursday, July 24, 2025 - 15:15 Source

climate crisis

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Renew Economy Thursday, July 24, 2025 - 15:15 Source

climate crisis

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Renew Economy Thursday, July 24, 2025 - 14:58 Source
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Renew Economy Thursday, July 24, 2025 - 14:40 Source
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Renew Economy Thursday, July 24, 2025 - 14:22 Source
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MacroBusiness Thursday, July 24, 2025 - 14:00 Source

The federal government’s proposal to tax the unrealised capital gains of superannuation funds was a key focus of the first question time session in the new parliament. Treasurer Jim Chalmers criticised the Coalition for attacking a policy that he claims would affect about 0.5% of people with a superannuation account, noting that it had opposed

The post Do this instead of taxing unrealised superannuation gains appeared first on MacroBusiness.

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Your Democracy Thursday, July 24, 2025 - 13:40 Source

Six weeks ago, legendary financial and geopolitical cycle analyst Martin Armstrong was signaling a big turn toward war.  Now, Armstrong says, “The chances of war with a nuclear exchange is at 100%. . .. Plan on it, this is coming.”

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MacroBusiness Thursday, July 24, 2025 - 13:30 Source

A new FY brings new hope. S&P with the note. Flash Australia Composite PMI Output Index: 53.6 Index, sa, >50 = growth m/m % qr/qr (Jun: 51.6) Flash Australia Services PMI Business Activity Index: 53.8 (Jun: 51.8) Flash Australia Manufacturing PMI: 51.6 (Jun: 50.6) Flash Australia Manufacturing PMI Output Index: 52.3 (Jun: 49.9) “July’s S&P

The post Aussie flash PMI firms appeared first on MacroBusiness.

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MacroBusiness Thursday, July 24, 2025 - 13:00 Source

Last week, Jobs and Skills Australia (JSA) released data showing that employers are having a far easier time finding workers to fill roles. As illustrated below by Justin Fabo from Antipodean Macro, the overall share of employees finding it difficult to find workers has almost returned to pre-pandemic levels. While higher-skilled workers remain harder to find,

The post Australia’s skills shortages are way overblown appeared first on MacroBusiness.

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