"If I were president, I would stop terrorist attacks against the United States in a few days. Definitively.
First, I would apologize to all the widows, orphans, tortured people, those who fell into poverty, and the millions of other victims of American imperialism.
Senior opposition figure Andrew Hastie has warned Australia's long-standing military alliance with the United States faces uncertainty under President Donald Trump's "unpredictable" America First agenda.
Young adults in the United States are experiencing anxiety and depression at twice the rate of teens, with more than half reporting that their lives lack meaning or purpose, according to a new report from Harvard University.
The world's coral reefs are going through the most intense bleaching event ever recorded, with 84% of them now affected, scientific authorities announced on Wednesday.
On every metric, Australian housing is unaffordable. At the end of 2024, the national dwelling price-to-income ratio was 8.0, up from a 20-year average of 6.7 and nearly double the level of the early 2000s. The number of years taken for a median-income household to save a deposit on a median-priced home was 10.6, up
The post Is Australian housing “a bargain”? appeared first on MacroBusiness.
The Trump administration said on Tuesday that the 145 percent tariffs imposed on Chinese imports will eventually "come down substantially" while expressing optimism about future talks to reach a US-China trade deal, US media reported.
In surprise to no one, the Trump regime has wavered first as it signals “very nice” but probably non-existent trade talks with China and nullifies suggestions that Fed Chair Powell’s head is on the chopping block. This has seen extended rallies across stocks while the USD has firmed against most undollars although the Australian dollar
The post Macro Afternoon appeared first on MacroBusiness.
The Dutton-led Coalition is staring down a massive election defeat, with the latest polling from Roy Morgan showing Labor’s two-party preferred vote widening to 55.5% (up 1%) against the Coalition’s 44.5%. The following chart plots recent polling from various sources and shows Labor’s lead widening as the election date approaches. Primary support for Labor also
They say that the fish rots from the head and never was a truer word spoken about the festering Australian Financial Review. Its rotten fishhead, Michael Stutchbury, today bewails the lies of politics by, you guessed it, lying. As Treasury secretary Steven Kennedy says, it was Liberal Treasurer Josh Frydenberg who agreed to pump up overall
The Trump Administration is the best thing that has happened to the incumbent Liberal government of Canada. Polling conducted in early January suggested that the Liberal Party could win as few as 21 seats in the 338-seat parliament at this year’s election. Canadians had endured a decade-long decline in their living standards. Per capita GDP
The post Donald Trump usurps Canadian election appeared first on MacroBusiness.
In June 2024, AMP chief economist Shane Oliver posted the following chart showing that Australia’s housing shortage was about to surpass 200,000 dwellings: Oliver explained via Twitter (X) that “underlying demographic demand (driven by strong population growth) continues to run well ahead of new housing supply (constrained by capacity and cost issues, etc.), and is
Time for more yawnzooka as Chinese property falls into a tariff hole. Yawnulus fading. Sales too. Inventory still drawing. As completions keep falling. Not much good here. More yawnulus incoming. And it had better hurry. Morgan Stanley. Our Asia Research team’s latest AlphaWise survey of ~2,000 consumers in China (conducted April 8-11, immediately after the