US Democratic Senator Adam Schiff has called on Congress to investigate President Donald Trump for possible insider trading and market manipulation following his abrupt trade policy U-turn. Global stocks soared after the president paused the imposition of tariffs on a multitude of countries this week.
DXY is a falling meteor of death. This isn’t going to help tariff inflation. EUR is breaking out. AUD blasted higher. Even concrete boots rose. Oil is down. Gold could do anything here. Commdos reflated a touch. Big miners did not. EM stocks did not. Junk is falling away again, especially EM. As the US
The post Australian dollar roars amid American chaos appeared first on MacroBusiness.
Let me play devil’s advocate for a minute. I’m not here to defend President Donald Trump’s tariffs. But I do want to push back against the way the conversation around them often unfolds – dismissing them offhand with a smug “well, that’s just dumb,” without any regard for the broader economic context, either at home or globally.
While Australia’s mainstream media and the university and property lobbies continue to lie about the impacts of immigration on the rental market, Canada has provided a dose of reality. In the years following the pandemic, Canada experienced an unprecedented boom in immigration, which drove a record 1.2 million increase in the country’s population in 2023–04.
The federal Coalition has left open the possibility it could leave the Paris climate accord, if it determines that meeting climate targets would do too much damage to the economy.
The Coalition has previously said it will dump Australia's current climate target to reduce emissions by 43 per cent on 2005 levels by 2030.
The Con Artist in Chief has dumped and pumped global stock markets with his near complete folding of the tariffs announced mere days (feels like months) ago, with huge rallies across Asian markets today as they play catchup to Wall Street. Even Chinese markets are floating higher despite the fact that this is but a
The post Macro Afternoon appeared first on MacroBusiness.
President Trump’s 10% tariff on Australia never made sense. Australia has historically had a gaping trade deficit with the United States. As illustrated in the table below from Australia’s Department of Foreign Affairs and Trade (DFAT), the United States exported (A$88.2b) more than double what it imported (A$37.5b) from Australia in 2023-24. The Trump administration’s
After the 2008 financial crisis, US money managers took control of big banks and industries across Europe. Former Russian ambassador to the UK and Rossiya Segodnya deputy chief Alexander Yakovenko reveals how.
What Are Mega-Funds?
US asset managers BlackRock, Vanguard, Fidelity, State Street, Morgan Stanley and JPMorgan Chase control a combined $36.4T+ in wealth.