Blogotariat

The House of Representatives contest has been a very comfortable win for Labor, and this has also been reflected in the Senate.

One of the biggest deciding factors in the Senate is whether either the left or right can win a “4-2 split”, where their side can win four out of six. Almost all elections are 3-3 splits, although there are some senators (such as Jacqui Lambie) who don’t fit into the two sides.

Carnegie Clean Energy secures deal to manufacture its proprietary CETO wave energy technology – and signs an MOU to explore projects in America's 49th state.

European leaders have urged Russia to agree to an unconditional 30-day ceasefire with Ukraine starting on Monday.

The call was issued at a meeting of the "coalition of the willing" in Kyiv. The leaders of France, Germany, the UK and Poland were hosted by Ukraine's Volodymyr Zelensky, while others joined remotely.

We have seen this play out before, the United States government relentlessly acting to control the government in a former Soviet Union republic bordering Russia and then proceeding to support that government in war against Russia. That course of action has led to devastation in Ukraine, including the deaths of hundreds of thousands of individuals, in a US proxy war against Russia.

DXY is back. AUD is forgotten. Lead boots are shaky again. Oil is a dead cat. Gold consolidating. Base metals growth no bueno. Big miners caput. EM caput. Junk is nervous. Yields uh oh for dead cat stocks. Dead cat looking lifeless. Current forex dynamics are not complex. If you want to buy dead cat

The post Australian dollar abandoned as dead cat roars appeared first on MacroBusiness.

Cardinal Robert Prevost of the United States has been picked to be  the new leader of the Roman Catholic Church; he will be known as Pope Leo XIV.

Attention now turns to what vision the first US pope will bring.

Tariff war is not an episode of economic relations; it is a new world emerging. Trump wants to create the conditions inside the U.S. to bring back distributed economic assets—especially industrial ones—from abroad.  The goal is to restore economic sovereignty and generate momentum for inner development.

THE CRASH TEST STARTS NOW — WHO SURVIVES?

Bill Gates has pledged to give away 99 per cent of his remaining fortune to his charitable foundation over the next 20 years.

The 69-year-old billionaire co-founder of Microsoft also lashed out at Elon Musk, accusing the world's richest man of "killing the world's poorest children" through huge cuts to the US foreign aid budget.

One of the things about the shemozzle of the Trump regime which makes me laugh, is some insular muppets who probably don’t have passports and only vaguely know where Europe is, have been asking: “Has the Democratic Party shifted too far to the left?” Compared to most other western democracies, the Democratic Party would be considered to be right wing, while the Republican Party are now mostly far right, supporting as they do, a half-witted malevolent oligarchy.

AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225   Friday Eve Easy Listening                  

The post Macro Afternoon: 9 May 2025 appeared first on MacroBusiness.

Tilt Renewables boss says battery costs are falling rapidly, but he is by shocked the rising cost of civil construction, like concrete slabs. It's a major problem for the energy transition.

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