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Your Democracy Thursday, April 24, 2025 - 17:11 Source

https://www.youtube.com/watch?v=n5L8jbRU5eE

Megyn Kelly Fires Back at George Clooney Claiming He's More of a Journalist Than She is

 

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Renew Economy Thursday, April 24, 2025 - 14:46 Source
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Renew Economy Thursday, April 24, 2025 - 14:46 Source
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Renew Economy Thursday, April 24, 2025 - 14:33 Source
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MacroBusiness Thursday, April 24, 2025 - 14:00 Source

I have written about how the explosion in cafe numbers and rampant cost inflation have left the hospitality industry in a precarious position. When I moved to my suburb of Ashburton, Melbourne, in 2006, only a handful of cafes were operating on my local High Street shopping strip. Over the following 15 years, the number

The post $7 coffees will burst the cafe bubble appeared first on MacroBusiness.

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Renew Economy Thursday, April 24, 2025 - 13:40 Source
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MacroBusiness Thursday, April 24, 2025 - 13:30 Source

Those iron ore jaws are looking tempting. May/June is a seasonally weak period for iron ore are well. There are early signs that the tariff smash is beginning to impact demand. Goldman. [US] Producers estimate that the negative impact on their exports (produced in China) has ranged up to a full stop in the volume

The post Iron ore surges as steel sputters appeared first on MacroBusiness.

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

Every few weeks, the world’s media publishes an article on a fantastical breakthrough in electric vehicle (EV) battery technology that enables cars to be charged in as little as five minutes. These technological breakthroughs are supposedly set to revolutionise EVs by allowing owners to charge up quickly away from home, removing some of the key

The post EV battery hype fails basic physics appeared first on MacroBusiness.

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Renew Economy Thursday, April 24, 2025 - 12:41 Source
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MacroBusiness Thursday, April 24, 2025 - 12:30 Source

Gold is the new (old) global reserve currency so long as the child president continues his assault upon the institutions of Bretton Woods II. So much harm has been done to US institutions in such a short period by the child president that his very presence is now an enduring threat to the Bretton Woods

The post BTFD gold appeared first on MacroBusiness.

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MacroBusiness Thursday, April 24, 2025 - 12:00 Source

Victorian Premier Jacinta Allan chose to sign the contracts to build the first leg of the $200-plus billion Suburban Rail Loop (SRL) project against the explicit advice of infrastructure experts. SRL East, which will link Box Hill and Cheltenham, is budgeted to cost $34.5 billion. To date, the state has only secured $11.8 billion of

The post Victorian government robs the west to give to the east appeared first on MacroBusiness.

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MacroBusiness Thursday, April 24, 2025 - 11:30 Source

The taxpayer-funded ABC refuses to discuss the immigration-housing issue with objectivity and balance. On Wednesday, I lambasted the ABC for choosing two well-renowned Big Australia propagandists—the ANU Migration Hub’s resident shill, Alan Gamlen, and the Grattan Institute (which is sponsored by Big Australia lobby group, the Scanlon Foundation)—to debunk the claim that excessive migration is

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MacroBusiness Thursday, April 24, 2025 - 11:00 Source

The Australian Bureau of Statistics’ (ABS) Q4 2024 national accounts revealed that the economy finally emerged from a per capita recession following 21 consecutive quarters of decline. Australia’s per capita recession was driven by the household sector, where consumption fell for a record eighth consecutive quarter. The decline in per capita consumption followed a record

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MacroBusiness Thursday, April 24, 2025 - 10:30 Source

If you want further evidence that the education export industry is a giant migration scam, look no further than the latest report on “phantom” students from The Australian: Foreign students from Africa, Pakistan and India have been reported missing from universities… Phantom students have been exposed by the Queensland University of Technology, which revealed nearly

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MacroBusiness Thursday, April 24, 2025 - 10:00 Source

The Market Ear on the chaos. Show me the trend SPX has mostly been frustrating everybody. Huge volatility, no direction. Source: Refinitiv Did they front run the crash? The aggregate selling from systematics has been huge. The question is whether they front ran the SPX move lower, discounting a bigger bear than realized? Source: GS

The post Stocks rise with the child president appeared first on MacroBusiness.

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The Tally Room Thursday, April 24, 2025 - 09:30 Source

Australia’s states often swing in different ways, with trends noticeable at the state level rather than just at the state or regional level. For this reason, I usually choose to measure 2PP results against the state result, rather than the national result.

At the 2010 federal election, the Coalition gained swings in New South Wales, Queensland and Western Australia, but Labor actually gained ground in Victoria, South Australia and Tasmania.

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MacroBusiness Thursday, April 24, 2025 - 09:30 Source

DXY is back. EUR splat. AUD follows EUR. Lead boots stuck. Bretton Woods II firming hit gold. Metals did better. Big mining=big bear. EM yawn. Junk cancels recession. Curve flattened. Stocks to the moon. It’s not hard to see why the child president is in a panicked reversal. Check out these internal from the Richmond

The post Australian dollar chomped by Bretton Woods appeared first on MacroBusiness.

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MacroBusiness Thursday, April 24, 2025 - 09:00 Source

As the Trump regime folds faster than a dodgy poor chair on its tariff tirade against China, risk sentiment is bouncing back across most but not all markets with US and European stocks surging overnight while the USD firmed against the undollars. However, bond markets remain in flux with the 10 year Treasury yield almost

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Thursday, April 24, 2025 - 08:24 Source
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Renew Economy Thursday, April 24, 2025 - 08:22 Source
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Cheeseburger Gothic Thursday, April 24, 2025 - 07:40 Source

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Your Democracy Thursday, April 24, 2025 - 06:54 Source

The president is bringing out the differences between political cultures and traditions in Australia and the US, especially in attitudes towards what government can and should do.

Donald Trump is coming to mean many things for this nation’s political leaders and for the Australian people. Mad king, tariff tyrant, spoiler of world orders, trasher of international rules. And still a hero to some.

 

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Your Democracy Thursday, April 24, 2025 - 06:03 Source

"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.

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Your Democracy Thursday, April 24, 2025 - 05:51 Source

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.

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Your Democracy Thursday, April 24, 2025 - 05:38 Source

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.

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Your Democracy Thursday, April 24, 2025 - 05:24 Source

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.

The current crisis, the fourth global bleaching event since 1998, is more intense than the 2014-17 episode that caused some two-thirds of global reefs to experience the harmful whitening.

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MacroBusiness Thursday, April 24, 2025 - 00:05 Source

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.

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Your Democracy Wednesday, April 23, 2025 - 20:53 Source

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.

 

US says tariffs on China will drop ‘substantially’; expert warns Washington faces difficulties in achieving initial goals as bullying unsustainableBy Ma Jingjing

 

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Renew Economy Wednesday, April 23, 2025 - 18:52 Source
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Renew Economy Wednesday, April 23, 2025 - 17:55 Source
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