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MacroBusiness Wednesday, July 2, 2025 - 10:30 Source

As Australia continues to shed its industrial base, the US is rebuilding. Morgan Stanley with the note. US Reshoring Momentum Is Outpacing Early Expectations Our US Industrials analysts note that May US manufacturing construction starts sustained the strength seen in April, and activity is tracking at ~2x the pre-Covid run rate. The average project size

The post Carrots work better than sticks for industry appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 2, 2025 - 10:00 Source

As the gas cartel unleashes another energy shock… There is nothing it will not destroy in due course. We can no longer make plastics, nor glass, nor many forms of steel. Soon it will be any and every metal processing as well. AFR. The chief executive of Nyrstar Australia says the metal processor urgently needs

The post Gas cartel destroys metals processing, you appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 2, 2025 - 09:30 Source

DXY eased lower. AUD higher. Lead boots too. Will gold have another crack? Metals paused. EM meh. Junk rejection. Short end sold on the passage of Trump Big Beautifil Bill. Stocks sold in EOFY. Deutsche says the hiccup in US capital flows is very large indeed. The US trade numbers have been very volatile in

The post Big Beautiful Australian Dollar appeared first on MacroBusiness.

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Your Democracy Wednesday, July 2, 2025 - 09:03 Source

US President Donald Trump has said that he might entertain the idea of deporting Elon Musk and could consider getting the Department of Government Efficiency (DOGE) to look into the billionaire’s government contracts.

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MacroBusiness Wednesday, July 2, 2025 - 09:00 Source

Wall Street took a step back after the US Senate passed the Billionaire Tax Bonus Bill while the Trump regime waved off concerns that not even a single nation has done a trade deal coming up to the July 9th deadline. Meanwhile Fed Chair Powell said they would have cut already if not for those

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Wednesday, July 2, 2025 - 08:39 Source
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Your Democracy Wednesday, July 2, 2025 - 04:07 Source

Russian President Vladimir Putin has spoken with his French counterpart Emmanuel Macron by telephone, the Kremlin press service said on Tuesday. It is the first phone contact between the leaders since September 2022. 

The conversation revolved around the situation in the Middle East, as well as the Ukraine conflict.

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Your Democracy Wednesday, July 2, 2025 - 03:24 Source

Germany’s new chancellor Friedrich Merz has plunged the country into a deep political and geopolitical crisis, driven by aggressive pro-war rhetoric and a failing foreign policy agenda centered on Ukraine.

 

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Your Democracy Wednesday, July 2, 2025 - 03:20 Source

One way to get a robust, comparative fix on how obscene American global preaching about human rights has become is (borrowing a vivid image from Caitlin Johnstone) to imagine what the world might think about a scorching lecture from a Taliban leader on the Western oppression of women and women’s rights.

 

Richard Cullen

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Your Democracy Wednesday, July 2, 2025 - 03:13 Source

Lugansk People’s Republic liberated: How it happenedRussian troops have gained control over all areas of the region, ending Kiev’s occupation

Russian forces have taken complete control of the Lugansk People’s Republic (LPR) after over a decade of hostilities in the contested region. The announcement was made Monday by the local governor, Leonid Pasechnik, who confirmed that all remaining settlements occupied by Ukrainian troops had been liberated.

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MacroBusiness Wednesday, July 2, 2025 - 00:05 Source

Some charts from Westpac make the point. After increasing by 0.6% in May, the Cotality house value index increased by 0.6% in June. The current price increase is 2.3% since January, after a minor 0.8% drop at the beginning of the year. At 2.7% annually, growth was somewhat stable. Similar increases were seen in all

The post Buy property now appeared first on MacroBusiness.

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Club Troppo Tuesday, July 1, 2025 - 19:02 Source

I posted something similar on Facebook a few days back, and thought I might get some useful feedback here.

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Cheeseburger Gothic Tuesday, July 1, 2025 - 16:07 Source

I’ve been spending some time in the 1950s. The other 1950s, of course, which I buggered up jamming a nuclear-powered aircraft carrier into a wormhole and back to the Battle of Midway.

Would you like a peek?

(That’s not really a question, I know).

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MacroBusiness Tuesday, July 1, 2025 - 16:00 Source

The new financial year is seeing some calm return to Asian share markets with Japanese bourses pulling back amid tariff dramas with the Trump regime, while Yen is firming on solid manufacturing data from both China and Japan as we await the US ISM print later tonight. Oil markets continue to steady after their recent

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, July 1, 2025 - 15:52 Source
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Renew Economy Tuesday, July 1, 2025 - 15:44 Source
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Renew Economy Tuesday, July 1, 2025 - 14:58 Source
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Renew Economy Tuesday, July 1, 2025 - 14:52 Source
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Your Democracy Tuesday, July 1, 2025 - 14:36 Source

A Melbourne company is recruiting Australians to work on a mysterious Israeli and American-backed aid project in Gaza. Could it be the infamous Gaza Humanitarian Foundation? Yaakov Aharon reports.

An ad posted by Claymore Personnel – named after an anti-personnel landmine – promises that successful candidates will “be looked after.”

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Renew Economy Tuesday, July 1, 2025 - 14:34 Source

transmission towers

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MacroBusiness Tuesday, July 1, 2025 - 14:00 Source

As we know, VIC is the worst-run state in Australia. This is strange given that there is no native industry left to drain talent from the government. But it is what it is. Lowest income growth. Highest debt. And unemployment. Worst business conditions. And, you guessed it, absurd population growth. But don’t get cocky, because

The post Victoria disease spreads like wildfire appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 1, 2025 - 13:30 Source

The Market Ear on stocks.  Melt-up mode Will this market morph from a traditional bull to a proper melt-up? Yardeni weighs in: “So far, the current bull market looks like a normal one, with the potential to match the returns of some of the best bull markets since the mid-1960s. We are still targeting 6500

The post Boom, baby, boom appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 1, 2025 - 13:00 Source

Judging by the PMIs, the notion that China is growing at 5% is preposterous. Industry is still shrinking. New orders managed to flop into the positive locally, but are exports are dropping. Services are slightly better but barely moving. With new orders going backwards. Construction is doing a bit better, but is not convincing, either.

The post Chinese economy sinks a bit slower appeared first on MacroBusiness.

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Your Democracy Tuesday, July 1, 2025 - 12:52 Source

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Renew Economy Tuesday, July 1, 2025 - 12:43 Source

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Cheeseburger Gothic Tuesday, July 1, 2025 - 12:41 Source

… or, if I’m being honest, finally an opportunity to eat pastry. Most Tuesday mornings find me in the city because Jane has her PT session at West End super early. I have a walk around the river, and then we meet at Strauss for breakfast, where every Tuesday morning we have the Asian chicken omelette with sourdough and avocado.

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MacroBusiness Tuesday, July 1, 2025 - 12:30 Source

On Monday, former Realestate.com.au Director of Economic Research and now independent property analyst Cameron Kusher posted on X (Twitter) that in his view the family home should be included in the pension assets test and that rather than older demographics being provided with additional incentives to downsize, “it’s time for the sticks rather than carrots”.

The post Boomers and the great stamp duty battle appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 1, 2025 - 12:00 Source

In a recent article in ‘The Economist’ it was argued that the rise in unemployment and decreasing wage growth was the result of cuts to immigration in nations such as Canada, Britain and the United States. “Having won elections promising to cut migration, politicians across the rich world will now have to deal with the

The post Australia versus The Economist on immigration appeared first on MacroBusiness.

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Renew Economy Tuesday, July 1, 2025 - 11:53 Source
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MacroBusiness Tuesday, July 1, 2025 - 11:30 Source

This is the worst government of my lifetime, and that is saying something. AFR. The Albanese government will consider establishing an east coast gas reservation but has ruled out imposing domestic supply conditions on existing projects. Energy and Climate Change Minister Chris Bowen on Monday confirmed a government review of the east coast gas market

The post Bowen delivers Gasmageddon appeared first on MacroBusiness.

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