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MacroBusiness
Friday, August 8, 2025 - 11:30
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In a recent tweet, Yellow Brick Road (Home Loans) Executive Chairman Mark Bouris made the case that Australia needs to act with confidence and for our leaders to put our nation first. In this Bouris is very much correct; Australia needs leadership that looks at the true state of the economy and our society in The post Australia’s fragile economy needs a reboot appeared first on MacroBusiness. |
MacroBusiness
Friday, August 8, 2025 - 11:00
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What a sad sack of Labor leaders these two are. One is a backroom bovver boy with the economic nous of a gnat. The other wrote a PhD on economic reform and political bravery to fill the void of his own cowardice. Like many successful political partnerships, their point of difference is that they are The post Two chickens dominate parliament appeared first on MacroBusiness. |
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MacroBusiness
Friday, August 8, 2025 - 10:30
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The 2025 UBS Global Wealth Report was released this week, which once again showed that the median Australian is among the wealthiest in the world. UBS ranked Australians second in the world for median wealth, with the typical Australian worth US$268,424. Australia also had 1,904 US dollar millionaires, according to UBS. Not surprisingly, Australia is The post Australians aren’t as rich as they think appeared first on MacroBusiness. |
The Tally Room
Friday, August 8, 2025 - 10:29
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With the resignation of Gareth Ward this morning, shortly before his expected expulsion from Parliament, a by-election will be needed to replace him in Parliament. The Kiama by-election should happen soon, likely in September. I won’t be delving into the issues around Ward’s legal situation, or the potential expulsion – the focus here is entirely on the impending by-election. |
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MacroBusiness
Friday, August 8, 2025 - 10:00
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Australian inflation is rapidly becoming a one-trick pony as energy price hikes devour everything in their path. Various government energy rebates are still having a big effect as they roll off.. After increasing by 16.3% in March, electricity increased by 8.1% in the June quarter. However, because of the second wave of the Commonwealth Energy The post Bonkers gas cartel price hikes the only inflation left appeared first on MacroBusiness. |
Renew Economy
Friday, August 8, 2025 - 09:38
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MacroBusiness
Friday, August 8, 2025 - 09:30
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I have warned repeatedly that Australia’s labour market has been living in a ‘fool’s paradise’. The nation’s unemployment rate remains historically low at 4.3% and the Reserve Bank of Australia (RBA) expects unemployment to remain at this low level. However, Australia’s labour market is not nearly as rosy as the official unemployment suggests. First, Roy The post Australia faces surge in unemployment appeared first on MacroBusiness. |
The Tally Room
Friday, August 8, 2025 - 09:30
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There has been a clear trend in all Australian elections over the last twenty years of voters moving away from voting on election day, with an increasing number of voters choosing pre-poll voting as an alternative. Tasmania has lagged behind the rest of the country in moving away from ordinary election-day voting, both at state elections and federal elections, but there was a big drop between last year’s election and this year’s election. |
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MacroBusiness
Friday, August 8, 2025 - 09:00
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Risk markets were unable to move much overnight as the latest US initial jobless claims came in slightly higher than expected (until revised by Sharpie by the Fanta Fuhrer) while a lot of Fedspeak around the slowing US economy led Wall Street to closed mixed at best. Oil prices pushed lower while the USD was The post Macro Morning appeared first on MacroBusiness. |
Renew Economy
Friday, August 8, 2025 - 08:41
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MacroBusiness
Friday, August 8, 2025 - 08:00
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DXY was soft. AUD up. CNY is stalled. Gold is signalling Waller cuts! Metals not so much. Big bear tries again. EM hugs the bubble. Junk is lagging badly. Yields did the opposite to gold. The bubble inflates. It looks like a new and dovish Fed chair is front-running. Bloomberg. Federal Reserve Governor Christopher Waller is emerging The post Australian dollar Wallered higher appeared first on MacroBusiness. |
Your Democracy
Friday, August 8, 2025 - 06:55
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In late July, Australia test-fired a new US-made long-range missile. Its range is 500km, but that can be doubled, easily reaching Indonesian targets. Duncan Graham reports. Were our friends to the north fearful, seeing this armed streaker as a threat? Tariffs, Gaza and Ukraine have elbowed other news aside, so reaction has been limited. The Indonesian media has yet to make a fuss.
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Renew Economy
Friday, August 8, 2025 - 06:38
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Renew Economy
Friday, August 8, 2025 - 06:28
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Renew Economy
Friday, August 8, 2025 - 06:28
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Your Democracy
Friday, August 8, 2025 - 05:55
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As with other wars, questions of provocation, self-defence and divine right or entitlement are central themes of what the Western mainstream media have had to say about the war in Ukraine, the genocide in Gaza, and the attacks on Iran by the US and Israel in June 2025.
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Your Democracy
Friday, August 8, 2025 - 05:33
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As we commemorate the 80th anniversary of the Hiroshima and Nagasaki atomic bombings, the world is drifting as close to another nuclear confrontation as it has been in decades. With Israeli and American attacks on Iranian nuclear energy sites, India and Pakistan going to war in May, and escalating violence between Russia and NATO-backed forces in Ukraine, the shadow of another nuclear war looms large over daily life.
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Your Democracy
Friday, August 8, 2025 - 05:05
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US President Donald Trump’s tariffs are having two broad impacts on the global economy – they are eroding international confidence in US leadership and disrupting global supply chains, and causing rapid geographic restructuring of international trade.
Beijing steps up as Washington steps back
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Your Democracy
Friday, August 8, 2025 - 04:44
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An amazing thing has happened. Our taxpayer-funded think-tank Australian Strategic Policy Institute (ASPI) has commissioned analysis by Robert Macklin which shows that the public debate on Australia’s defence has been biased. |
MacroBusiness
Friday, August 8, 2025 - 00:05
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Exorbitant land costs are the primary driver of Australia’s high home prices. According to the Australian Bureau of Statistics (ABS), residential land values, which underpin the housing market, increased by 8.8% between 2023 and 2024, reaching $7.7 trillion. Residential land values increased from 1.1 to 2.9 times Australia’s GDP over 35 years, ending in 2023-24. |
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MacroBusiness
Thursday, August 7, 2025 - 16:30
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It was all about tariffs again today in the minds of risk markets but Asian shares have all broadly advanced except the ASX200 which put in a scratch session. More rate cut speculation builds as the US Federal Reserve has to weigh up increasing inflation against further jobs losses as the USD continues to The post Macro Afternoon appeared first on MacroBusiness. |
Cheeseburger Gothic
Thursday, August 7, 2025 - 16:23
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Renew Economy
Thursday, August 7, 2025 - 15:41
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Renew Economy
Thursday, August 7, 2025 - 14:51
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MacroBusiness
Thursday, August 7, 2025 - 14:00
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The latest data from the Real Estate Institute of New Zealand (REINZ) showed that house prices nationally have fallen by 16.4% over 44 months, with all major centres experiencing heavy declines. As illustrated below by Justin Fabo from Antipodean Macro, home prices in real terms have crashed back to 2019 levels. Cotality released its house The post New Zealand’s ‘slow motion’ house price crash appeared first on MacroBusiness. |
MacroBusiness
Thursday, August 7, 2025 - 13:30
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Victoria disease is the malady of a permanent Labor government leading to an ever-rising population, along with state dependency and falling living standards. It is a national pandemic, but patient zero is Victoria, and she is now dying from a combination of crush loading, energy failure, excess debt, and inflated expectations. One area where Victoria The post Victoria disease eats CBD appeared first on MacroBusiness. |
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Renew Economy
Thursday, August 7, 2025 - 13:18
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MacroBusiness
Thursday, August 7, 2025 - 13:00
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One of Australia’s most significant educational policy failures was the gradual closure of secondary technical schools between the 1970s and 1990s, driven by the mistaken belief that young people should attend university. The mistakes were then compounded when governments redirected funding for vocational education and training (VET) to universities, alongside redirecting what little VET funding |
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MacroBusiness
Thursday, August 7, 2025 - 12:30
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The ferrous complex is still easing after the recent ill-conceived push. The outlook remains weak. The big event refers to a September 3 Beijing ceremony, commemorating the 80th anniversary of the end of World War Two. Chinese steelmakers, especially those in the northern region, usually constrain production before big events to ensure air quality in The post China is the new “widowmaker” trade appeared first on MacroBusiness. |
Your Democracy
Thursday, August 7, 2025 - 12:13
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What happens when Jordan Peterson and Naftali Bennett get together to defend the indefensible? From distorted narratives to blatant hypocrisy in an effort to justify positions that so many see as morally bankrupt. Watch now and learn why their narrative must be challenged https://www.youtube.com/watch?v=zGbn7cJ0L68
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