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MacroBusiness Thursday, October 23, 2025 - 08:18 Source

DXY has stopped falling and that’s about all we can say about it. AUD is the reverse. CNY same, same. Gold is volatile! Oil jumped on possible new Russia sanctions but it is stuffed. Not so AI metals. RIO is the chosen AI metals king. EM can’t run without DXY gfalling. Junk is stuck. US

The post Australian dollar dazed and confused appeared first on MacroBusiness.

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Your Democracy Thursday, October 23, 2025 - 08:16 Source

US President Donald Trump is set to support South Carolina Republican Sen. Lindsey Graham* at a fundraiser and golf tournament next month, according to US media reports.

The upcoming November event has already been dubbed the “Trump-Graham Classic.”

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Your Democracy Thursday, October 23, 2025 - 05:44 Source

When Sanae Takaichi became Japan’s first female prime minister, headlines hailed a “historic moment” – a symbol of progress and national renewal. A conservative firebrand molded in Shinzo Abe’s image, she vowed to “work, work, work” for Japan’s rebirth.

 

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Your Democracy Thursday, October 23, 2025 - 05:33 Source

Before the cock crows, I’m happy to admit I was educated in the Roman Catholic tradition under the largely effective tutelage of the Dominican Fathers. Like the Jesuits, the Dominicans placed special emphasis on study, critical thinking and the pursuit of truth. As I slouch into my winter years, I’m still trying to think critically and pursue truth whatever that is and wherever it might take me.

 

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Your Democracy Thursday, October 23, 2025 - 04:33 Source

Many Australian journalists think Prime Minister Anthony Albanese and Ambassador Kevin Rudd did a wonderful job this week in handling the corrupt narcissist who runs the United States, Donald Trump.

Of course, forelock tugging to monarchs is an essential in the Australian political leaders’ toolbox (former prime ministers Paul Keating and Gough Whitlam excepted).

 

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Renew Economy Thursday, October 23, 2025 - 00:07 Source
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MacroBusiness Thursday, October 23, 2025 - 00:05 Source

The Australian Energy Market Operator’s (AEMO) Integrated System Plan (ISP) is a roadmap for transitioning Australia’s energy system to net zero emissions by 2050. It outlines the necessary investments in generation, storage, and transmission to meet consumer needs and government renewable energy and emissions targets. AEMO’s ISP was built on the fantastical assumption that Australian

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THE BLOT REPORT Wednesday, October 22, 2025 - 22:21 Source

In my palaeontological peregrinations, I occasionally refer to papers that may be everything from months to nearly two centuries old. For instance, one of the seminal papers in the early study of trilobites was a paper by Ignaz Hawle & August Corda entitled ‘Prodrom einer Monographie der böhmischen Trilobiten’ (Prodrome of a monograph on Bohemian trilobites)1. Searching the web for the two authors’ names shows how common references are to this paper in much more recent publications on trilobites, not just from Bohemia but from all around the world.

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Your Democracy Wednesday, October 22, 2025 - 21:12 Source

Bob Katter claims Gaza refugees are part of Hamas, as the Queensland MP continues to position himself as one of Parliament’s most outspoken defenders of Israel. Stephanie Tran reports.

Bob Katter marched alongside thousands of protesters in Brisbane on Sunday at a “March for Australia” rally, one of several anti-immigration demonstrations held across the country.

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Your Democracy Wednesday, October 22, 2025 - 18:41 Source

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George Monbiot Wednesday, October 22, 2025 - 17:32 Source

The government is trying to set us against our ecosystems. We must resist this Trumpian gambit.

By George Monbiot, published in the Guardian 16th October 2025

Crucial to the government’s war on nature is the “cauldron principle”. If a species is to be blamed for “holding up development”, it must be one you might find in a witch’s cauldron. The culprits are never dormice, otters, water voles, nightingales, turtle doves or orchids, widely considered cute or beautiful. They are bats, newts, snails and spiders.

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Your Democracy Wednesday, October 22, 2025 - 17:22 Source

On the Afghan–Uzbek border, the first thing you notice is the noise. Trains, trucks, and buses move in both directions almost without pause. For the first time in decades, the hum of trade has replaced the sound of gunfire.

 

How trade is winning the war that armies couldn’t

Trade replaces war on the CIS’s southern frontier

By Timofey Bordachev

 

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Cheeseburger Gothic Wednesday, October 22, 2025 - 16:50 Source

Man, it turns out writing a book in less than seven years is really hard work and takes quite a bit of time each day. Not seven years, of course, but quite a few hours every day if you want to deliver it in less than seven years

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MacroBusiness Wednesday, October 22, 2025 - 16:30 Source

Asian share markets have paused their recent strong rebound on the Trump TACO trade as not much news around the traps keeping most risk markets in a holding pattern.  Currency markets are seeing more strength return to the USD which has been taking back its recent lost ground against the majors with some moves higher

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Wednesday, October 22, 2025 - 15:15 Source
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Renew Economy Wednesday, October 22, 2025 - 15:15 Source
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Renew Economy Wednesday, October 22, 2025 - 14:38 Source
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Renew Economy Wednesday, October 22, 2025 - 14:11 Source
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MacroBusiness Wednesday, October 22, 2025 - 14:00 Source

The market share of Australia’s illegal tobacco trade is estimated to have risen from 29.6% in 2023 to 61% in 2025, according to tobacco industry sources. The growing cost of firebombings and ram-raids targeting tobacconists is reflected in the rising cost of premiums in the retailer sector. Master Grocers Australia’s CEO Martin Stirling notes that

The post Aussies pay the price for tax policy failure appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 22, 2025 - 13:30 Source

The ferrous complex is struggling to keep its head above water as steel production remains too high, inventories are bulging, and prices keep falling. The market for iron ore is, I suspect, clinging to hope that Beijing will stimulate again. But anti-involution is crashing commodity-intensive capex activity. Only tech is booming. If Beijing sticks to

The post Will BHP and RIO monopolise iron ore? appeared first on MacroBusiness.

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Renew Economy Wednesday, October 22, 2025 - 13:28 Source
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Renew Economy Wednesday, October 22, 2025 - 13:27 Source
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MacroBusiness Wednesday, October 22, 2025 - 13:00 Source

By Ashwin Clarke and Lucinda Jerogin, economists at CBA: Key Points: The price of gold has surged to new record highs this month, driven by safe-haven demand. Australia is the third largest producer of gold and will be a beneficiary of price improvements. Sustained higher gold prices will stimulate mining investment, as well as boost

The post What the gold boom means for Australia appeared first on MacroBusiness.

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Renew Economy Wednesday, October 22, 2025 - 12:44 Source
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MacroBusiness Wednesday, October 22, 2025 - 12:30 Source

The Market Ear on weird everywhere. Expensive BTD Retail has grabbed gold with both hands lately, especially on big down days. All articles on gold and silver from earlier today, here, here and here. Source: GS Upside pain? GS with a gentle reminder: 1. The average S&P 500 return from October 20th to December 31st is +4.16% since 1928.

The post Markets quiver as gold pops appeared first on MacroBusiness.

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Your Democracy Wednesday, October 22, 2025 - 12:29 Source

The Australian Financial Review’s editorial cartoonist David Rowe has won the Australian Cartoonists Association’s Gold Stanley for best cartoonist of the year for a record-extending 11th time.

Rowe was also awarded the Bronze Stanley award for best caricaturist at the association’s 41st Annual Stan Cross Awards, held in Hobart on Saturday night. It was the 15th time Rowe had taken out the award.

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MacroBusiness Wednesday, October 22, 2025 - 12:00 Source

Home Affairs Minister Tony Burke front ABC’s Insiders on the weekend, where he admitted that immigration “needed to come down” but lambasted the ‘far right’ for using immigration as a “dog whistle” to destabilise social cohesion. Burke’s salvo followed the release of two opinion polls in the previous week showing, yet again, that Australians do

The post Tony Burke shouldn’t lecture about ‘social cohesion’ appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 22, 2025 - 11:30 Source

Critical minerals are very energy-intensive to process. There are different processes using coal, gas, or electricity to roast, calcinate, separate, and leach, but most use gas. Lots of gas. How is Australia going to produce rare earths at scale with our gas prices? The agreement foresees and addresses this problem by creating a price-protected supply

The post Uh oh. Rare earths need a lot of energy appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 22, 2025 - 11:00 Source

Predictably, the censorship of Hellbourne has begun. There was a time when Melbourne prided itself on being the most liveable city in the world, tolerant, thoughtful, creative and diverse. We wore that badge with pride and spoke of it often with confidence, not arrogance. Ours was a city in which ideas, not ideology, competed. Where

The post How to fix Melbourne appeared first on MacroBusiness.

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xkcd.com Wednesday, October 22, 2025 - 11:00 Source

Sharks can occasionally travel short distances through air when pursuing prey, but their attenuation coefficient is pretty high.

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