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MacroBusiness Friday, January 31, 2025 - 09:30 Source

In 2009, the former Rudd government decided to allow temporary migrants to acquire Australian homes. The subsequent surge in temporary migration, especially among international students (with China accounting for the largest proportion), increased the demand for residential properties in Australia from foreign nationals. Opposition leader Peter Dutton promised that, if elected, he would ban foreign

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Your Democracy Friday, January 31, 2025 - 09:06 Source

“I’m not looking to hurt Russia,” President Donald Trump recently declared in a statement he posted on his TruthSocial account. “I love the Russian people, and always had a very good relationship with President Putin.” 

Trump, however, comes from the school of “hard love,” where punishment is applied to achieve the desired results.

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MacroBusiness Friday, January 31, 2025 - 09:00 Source

Following the Fed, the ECB meeting last night saw another rate cut which helped boost European stocks and pushed the USD higher until the latest US GPD print which missed slightly, upsetting some expectations. Toss in a bit of Apple earnings and other tech volatility and Wall Street basically came out on top but we

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Friday, January 31, 2025 - 08:42 Source
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MacroBusiness Friday, January 31, 2025 - 08:10 Source

DXY is back. AUD is not. Lead boots is also back. There’s no denying gold’s new drivers now. Commod prices are differentiating around tariffs. Miners dead cat bounced. Wanna be Deepsuckered by EM? Junk hope. Yields not convinced. Europe turning red hot. There are the beginnings of a rotation away from US exceptionalism plays but

The post Australian dollar burning intensifies appeared first on MacroBusiness.

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MacroBusiness Friday, January 31, 2025 - 07:32 Source

CoreLogic’s daily dwelling value results for January show that home values across the five major capital city markets declined by 0.2% over the month, driven by falls of 0.4% and 0.6% across Sydney and Melbourne. By contrast, home values across Brisbane (0.4%), Adelaide (0.7%), and Perth (0.4%) rose in January. Over the three months to

The post Australian house prices sink in January appeared first on MacroBusiness.

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Your Democracy Friday, January 31, 2025 - 07:31 Source

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Renew Economy Friday, January 31, 2025 - 07:28 Source
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MacroBusiness Friday, January 31, 2025 - 00:10 Source

Domain’s house price reported a median house price for Sydney of $1,645,444 at the end of 2024, more than double the $811,000 median price in 2014. The following table illustrates that Sydney’s median house price is around $580,000 higher than Canberra, Australia’s second most expensive capital city. A recent CBA analysis revealed that Sydney’s housing

The post If you are a young family, leave Sydney appeared first on MacroBusiness.

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Renew Economy Thursday, January 30, 2025 - 21:47 Source
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Your Democracy Thursday, January 30, 2025 - 20:16 Source

In the late 1970s Donald Trump, in his early thirties, cocky as ever and recently married to Ivana in 1977, could be seen on and off hitting the electric New York City night life especially at glamour/hard partying disco dive Studio 54.

 

Pepe Escobar: Dancing to Trump’s Disco Inferno

 

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MacroBusiness Thursday, January 30, 2025 - 17:30 Source

Asian stock markets are barely positive in reaction to the slightly hawkish tone the Fed took last night at the latest FOMC Meeting, with volatility still looking through the increasingly isolationist and tariff based US trade policies. The USD was pushed slightly higher overnight and has held on to most of those gains going into

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Thursday, January 30, 2025 - 16:42 Source
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Renew Economy Thursday, January 30, 2025 - 16:40 Source
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Renew Economy Thursday, January 30, 2025 - 15:04 Source
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Renew Economy Thursday, January 30, 2025 - 14:19 Source
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Renew Economy Thursday, January 30, 2025 - 14:16 Source
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MacroBusiness Thursday, January 30, 2025 - 14:00 Source

In generations past, Australian businesses trained their workers. It was common for an Australian to finish high school or university and then take up an internship or graduate role at a company to gain vital skills and experience. This century has witnessed the decline of internships and graduate programs across Australian companies. In the mid-2000s,

The post BCA demands taxpayers pay to train their workers appeared first on MacroBusiness.

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Renew Economy Thursday, January 30, 2025 - 13:53 Source
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MacroBusiness Thursday, January 30, 2025 - 13:30 Source

Late last year, Australian Prudential Regulation Authority (APRA) chairman John Lonsdale warned that the number of Australian households experiencing severe mortgage stress had nearly doubled since 2016 and was trending higher amid the Reserve Bank of Australia’s (RBA) aggressive monetary tightening. Lonsdale added that Australians are overexposed to mortgage debt. “Residential mortgages make up two-thirds

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MacroBusiness Thursday, January 30, 2025 - 13:00 Source

Yesterday I recounted the shocking history of Grattan Institute’s destruction of Australia’s energy transition, sponsored all along by the East Coast gas cartel. Today it returns to finish the job. In the time since then, gas prices in Australia have stayed high, and a further problem, evident for more than a decade, has now crystallised

The post Grattan explodes another energy wreckage bomb appeared first on MacroBusiness.

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Your Democracy Thursday, January 30, 2025 - 12:44 Source

Ukrainian President Volodomyr Zelenskyy discusses the third year of Russia’s invasion and President Donald Trump’s efforts to end the war on ‘Hannity.’

https://www.youtube.com/watch?v=-OVoVDZw4zg

 

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2022... VANITY FAIR....

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MacroBusiness Thursday, January 30, 2025 - 12:30 Source

According to PropTrack, national median advertised rents have surged by 47% since December 2019. This explosive growth has pushed rental affordability to a record low, with 33% of median household income spent on the national median rent at the end of 2024. The good news is that Australian rental inflation is finally easing, with PropTrack’s

The post Aussie rents hit affordability ceiling appeared first on MacroBusiness.

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MacroBusiness Thursday, January 30, 2025 - 12:05 Source

NVIDIA took a tumble this week as DeepSeek fears overran the market. Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen have a look at DeepSeek, the messages and the investment outcomes from its emergence as an option in the AI market. Can’t make it to the live series? Catch up

The post MB Fund Podcast: NVIDIA’s Trillion-Dollar DeepSeek Tumble appeared first on MacroBusiness.

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MacroBusiness Thursday, January 30, 2025 - 12:00 Source

Anyone who hoped that a Coalition government under Peter Dutton would seriously cut immigration needs to confront reality. While the Coalition’s pre-election statement on immigration states that it would cut the permanent migrant intake by 25% to 140,000 for two years, the Coalition has not set a target for temporary migration. This comes despite the

The post Peter Dutton grovels to China and India appeared first on MacroBusiness.

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MacroBusiness Thursday, January 30, 2025 - 11:30 Source

Goldman’s Andrew Boak has been far ahead of the pack on the RBA. Australia’s headline CPI rose 0.22%qoq in 4Q2024, with year-ended inflation easing 38bps to 2.42%yoy. The outcome was below market expectations (GSe: +0.4%qoq, +2.6%yoy; BBG: +0.3%qoq, +2.5%yoy) and the RBA’s standing forecast (Nov SMP: 2.6%yoy). Growth in the RBA’s preferred trimmed-mean measure also

The post Australia is deflation nation appeared first on MacroBusiness.

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MacroBusiness Thursday, January 30, 2025 - 11:00 Source

The Market EAr with mwhahaha… Fighting with the 200 day NVDA is trading right on the 200 day moving average as of writing. Massive moves, especially if you consider the changes in market cap. This is not how strong leaders behave… Refinitiv Can SPX “dismiss” NVDA? Is this the most important gap out there? Refinitiv

The post AI smoked appeared first on MacroBusiness.

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Cheeseburger Gothic Thursday, January 30, 2025 - 10:54 Source

Even though I rarely use El Goog for search anymore because they’ve pretty much fucked it to the max, I do use it as a news reader. The mobile app defaults to a feed of stuff you’re interested in, and the feed is pretty good because, of course, they’ve been stalking us all across the internet forever.

So, this morning, over my breakfast coffee, I opened the app and…

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MacroBusiness Thursday, January 30, 2025 - 10:30 Source

Opposition leader Peter Dutton has promised to take moderate action to curb housing demand in a bid to make homes more affordable for Australians. Dutton has already pledged to reduce the permanent migrant intake by 25% to 140,000 for the Coalition’s first two years. Peter Dutton has also promised a two-year ban on foreign investors

The post Dutton takes aim at housing demand side appeared first on MacroBusiness.

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Your Democracy Thursday, January 30, 2025 - 10:21 Source

President Donald Trump’s improbable honeymoon with the media may have coincidentally ended on the same day that White House press secretary Karoline Leavitt gave her first briefing.

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