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MacroBusiness Friday, February 14, 2025 - 11:00 Source

Thar she blows. Cyclone Zelia, a Cat5 monster, with wind speed approaching 320km/h building off the warmest seasonal waters since records began. There’s going to be some disruption. That said, it appears to be largely priced already, with iron ore completely dislocated from steel. Short is still the better part of long here, barring a

The post Cat 5 monster heads for iron ore town appeared first on MacroBusiness.

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xkcd.com Friday, February 14, 2025 - 11:00 Source

They may technically have been softwoods at some point, but they definitely aren't now.

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Renew Economy Friday, February 14, 2025 - 10:58 Source
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MacroBusiness Friday, February 14, 2025 - 10:30 Source

The financial woes of the Victorian government are well documented. The state had the nation’s highest per capita net debt in 2023-24 and the worst (AA) credit rating. The trajectory of Victoria’s debt is also concerning. The major ratings agencies—S&P and Moody’s—warned that they could further downgrade Victoria’s credit rating if debt levels are not

The post Welcome to Victoria: the bankruptcy state appeared first on MacroBusiness.

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MacroBusiness Friday, February 14, 2025 - 10:00 Source

Goldman’s excellent Andrew Boak takes on the third rail of Aussie economics.  Looking at the labour market, some indicators like employment growth, labour force participation and job vacancies do remain strong and appear to work against the case for easier monetary policy – however, our analysis highlights three reasons why these measures are overstating the

The post Why it is about to rain rate cuts appeared first on MacroBusiness.

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MacroBusiness Friday, February 14, 2025 - 09:30 Source

Energy buffoonery is an LNP speciality. Energy bills could rise by nearly 70% over the next 10 years under current government policy, a new report has estimated – findings likely to be seized on by the Coalition as it pushes its alternative plan. The federal Labor government has set the aggressive target of having renewable

The post Duttons’ gas supershock is the Argentine moment appeared first on MacroBusiness.

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Renew Economy Friday, February 14, 2025 - 09:19 Source
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MacroBusiness Friday, February 14, 2025 - 09:00 Source

Stock markets are essentially ignoring Trump’s tariff plans and keep heading higher across both sides of the Atlantic with an expectation of that positivity flowing over here in Asia for the last trading day of the week. The latest PPI data saw the USD give up ground against most of the undollars with a violent

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Friday, February 14, 2025 - 07:43 Source

The presentation discusses President Donald Trump’s approach to negotiations with Russian President Vladimir Putin regarding the Russia-Ukraine war. Analysts, including John Bolton and former British Commodore Steve Jeremy, argue that Trump has effectively "surrendered" to Putin by adopting negotiation terms that align with Russia’s interests before formal talks have even begun.

Key points include:

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Your Democracy Friday, February 14, 2025 - 07:37 Source

The depth of Australia’s slide into an irrelevant and untrustworthy minnow on the global stage was demonstrated when distinguished UN special rapporteur Francesca Albanese described the Australian prime minister’s refusal to criticise Donald Trump’s plan to turn Gaza into a neo-colonial capitalist venture for the benefit of his family and friends, as “pathetic”.

 

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MacroBusiness Friday, February 14, 2025 - 07:21 Source

The DXY chart does not look well. If support breaks then down we go. AUD is poised for an upside rampage. Even lead boots is up. Gold is entering blowoff. Oil not so much. Another copper bubble. Yawn. Somebody finally bought a miner. EM up. Junk too. Yields down. Stocks-a-palooza. Europe going nuts on the

The post Australian dollar poised to run riot appeared first on MacroBusiness.

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Renew Economy Friday, February 14, 2025 - 07:12 Source
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The Tally Room Friday, February 14, 2025 - 07:00 Source

Ben was joined by Shaun Ratcliff from Accent Research to discuss the state of play as the federal election year kicks off. They discuss the state of polling, including the MRP polls conducted by Shaun in conjunction with Redbridge throughout 2024.

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Your Democracy Friday, February 14, 2025 - 06:43 Source

“Let’s not mince words about what this represents: a surrender of Ukraine’s interests and our own, even before negotiations begin,” says U.S. Senator Adam Schiff.

Kyiv’s backers reacted with shock and outrage to U.S. President Donald Trump’s announcement that he had spoken with Russian leader Vladimir Putin and would “start negotiations immediately” with him about the Ukraine war.

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Your Democracy Friday, February 14, 2025 - 06:00 Source

 

Capitalism is dead. Welcome to technofeudalism.

 

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Your Democracy Friday, February 14, 2025 - 04:58 Source

It is hard to overestimate the significance of the recent phone call between Russian President Vladimir Putin and his US counterpart Donald Trump, Kremlin spokesman Dmitry Peskov has said. He also noted that the presidents have instructed their teams to lay the groundwork for the summit.

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MacroBusiness Friday, February 14, 2025 - 00:05 Source

Property analysts believe the ‘Fear of Missing out’ (FOMO) will engulf Australia’s housing market once the Reserve Bank of Australia (RBA) cuts interest rates. Financial markets believe the RBA will cut the official cash rate by 0.25% next week, followed by three additional cuts throughout the year. PropTrack has modelled the average savings homeowners would

The post Housing market braces for new round of FOMO appeared first on MacroBusiness.

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Your Democracy Thursday, February 13, 2025 - 22:21 Source

Donald Trump stated that he wants the European Union to purchase weapons for Ukraine. Ursula von der Leyen has met with JD Vance and they discussed energy security, trade between the EU and the US and also the situation in Ukraine. Pete Hegseth will not announce a new military support package for Ukraine during the Ramstein meeting of Ukraine Defence Contact Group.

Ursula Has Just Decided The FATE Of Europe

 

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Renew Economy Thursday, February 13, 2025 - 21:18 Source
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Cheeseburger Gothic Thursday, February 13, 2025 - 18:45 Source

I eat a lot of eggs. At least three, sometimes more every day. So I was tempted by this bit in National Geographic about how to boil the perfect egg. (AppleNews link cos NG wants your email addy).

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MacroBusiness Thursday, February 13, 2025 - 17:00 Source

Asian share markets are much more positive in today’s session with shares continuing to rebound in Hong Kong rebounding while local markets are dead flat. Last night’s US CPI print is seeing currency markets move every which way as they also navigate more tariff volatility with Yen firming while the Australian dollar is holding strong

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Thursday, February 13, 2025 - 15:09 Source
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Renew Economy Thursday, February 13, 2025 - 15:01 Source
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Renew Economy Thursday, February 13, 2025 - 14:56 Source
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Renew Economy Thursday, February 13, 2025 - 14:06 Source
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Renew Economy Thursday, February 13, 2025 - 14:03 Source
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MacroBusiness Thursday, February 13, 2025 - 14:00 Source

At the 2010 Australian federal election, the Julia Gillard-led Labor Party won a second term after Labor formed a minority government with the support of three independent MPs and one Australian Greens MP. Labor and the Coalition each won 72 seats in the 150-seat House of Representatives, four short of the requirement for a majority

The post History repeats as Australia heads for minority government appeared first on MacroBusiness.

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Your Democracy Thursday, February 13, 2025 - 14:00 Source
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MacroBusiness Thursday, February 13, 2025 - 13:30 Source

The parliament of the energy superidiot is trying to proof itself against Peter Dutton. So it should. Dutton appears so captured by the East Coast gas cartel that, right now, he is a greater national security risk than China. Today’s news is typical. A deal between the government and the Greens to try and stop

The post Peter Dutton is a nation destroying energy lunatic appeared first on MacroBusiness.

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Renew Economy Thursday, February 13, 2025 - 13:03 Source
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