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Renew Economy Wednesday, June 11, 2025 - 14:33 Source
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MacroBusiness Wednesday, June 11, 2025 - 14:00 Source

Justin Fabo from Antipodean Macro posted the following chart, which shows the collapse in mortgage rates in New Zealand. “The weighted-average interest rate on outstanding mortgages in New Zealand declined another 9bps to 5.91% in April, taking the cumulative fall to nearly 50bps since the peak”, noted Fabo. “More is coming”. Falling mortgage rates have

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MacroBusiness Wednesday, June 11, 2025 - 13:30 Source

The official Q1 CPI inflation data from the Australian Bureau of Statistics (ABS) revealed that the policy-important trimmed mean inflation rate fell to 2.9% year over year, staying within the Reserve Bank of Australia’s (RBA) inflation target range of 2% to 3%. RBA Governor Michele Bullock’s media appearance following last month’s 0.25% rate cut suggested

The post Australian inflation dives appeared first on MacroBusiness.

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Renew Economy Wednesday, June 11, 2025 - 13:07 Source
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Renew Economy Wednesday, June 11, 2025 - 13:04 Source
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MacroBusiness Wednesday, June 11, 2025 - 13:00 Source

The Market Ear still sees fuel to go higher. King SMH SMH continues the squeeze higher, approaching year highs quickly. The bounce on the 21 day and the lower part of the perfect channel was a schoolbook example. Make sure to roll the call spreads into higher strikes for max optionality. Source: LSEG Workspace Not many longs

The post Stocks head for all-time high, then “VaR event” appeared first on MacroBusiness.

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Prosper Australia Wednesday, June 11, 2025 - 12:57 Source
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Renew Economy Wednesday, June 11, 2025 - 12:53 Source
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MacroBusiness Wednesday, June 11, 2025 - 12:30 Source

It’s not clear that the seasonal June slowdown is done for iron ore. The market remains weak. MySteel pins one issue. China’s total imports of iron ore during January-May reached 486.4 million tonnes, falling by 5.2% compared with the same period last year, according to the latest statistics released by the country’s General Administration of

The post No all clear for iron ore appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 11, 2025 - 12:00 Source

Australian home values hit their highest level on record in May. The Westpac Consumer Sentiment index, released on Tuesday, showed that Australians have turned bullish on house prices, expecting significant appreciation in the period ahead. As illustrated below by Alex Joiner from IFM Investors, house price expectations have surged to a cyclical high. “With strong

The post Australians turn bullish on house prices appeared first on MacroBusiness.

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Renew Economy Wednesday, June 11, 2025 - 11:57 Source
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MacroBusiness Wednesday, June 11, 2025 - 11:30 Source

One year ago, AMP chief economist Shane Oliver estimated that Australia’s cumulative housing shortage was in excess of 200,000 dwellings. The chart from Oliver showed that Australia’s housing undersupply began in the mid-2000s when the federal government more than doubled net overseas migration. However, the shortage was almost eradicated when immigration turned negative during the

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MacroBusiness Wednesday, June 11, 2025 - 11:00 Source

According to Westpac, financial markets have now priced a 97% chance that the Reserve Bank of Australia (RBA) will reduce the official cash rate (OCR) at its monetary policy board meeting in July. The case for more rate cuts was strengthened by the Q1 national accounts released last week, which showed that aggregate GDP growth

The post RBA ‘locked and loaded’ on July rate cut appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 11, 2025 - 10:30 Source

The NAB survey yesterday was a shocker. There is nothing good on that table. Worse, the Aussie economy is supposed to be going through a hand-off from fading government spending to a rising consumer. Somebody forgot to tell the latter as retail fell off a cliff. In other words, the economy has reverted to a

The post Stupid RBA has killed the consumer appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 11, 2025 - 10:00 Source

DXY weak but holding. The AUD tractor climbs on. Lead boots have stalled. Machines are chasing oil, expect up, then down again. Metals no bueno. Miners are terrible. EM trying but tied to DXY. Yields sliding a little again. Stocks to the moon! I still think we’re headed into a combined US/China slowdown. I do

The post Australian dollar the new Forrest Gump currency appeared first on MacroBusiness.

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xkcd.com Wednesday, June 11, 2025 - 10:00 Source

If you think curiosity without rigor is bad, you should see rigor without curiosity.

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Renew Economy Wednesday, June 11, 2025 - 09:41 Source
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MacroBusiness Wednesday, June 11, 2025 - 09:30 Source

The Department of Redundancy Department is Albo’s core portfolio. From The Australian. Business leaders will push for ­holistic tax reform, cuts to red tape and faster approvals for major projects as Anthony Albanese lays the groundwork for a second-term economic agenda by holding a productivity roundtable in Canberra months after his thumping election victory. With

The post Unproductive summit to fix no productivity appeared first on MacroBusiness.

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The Tally Room Wednesday, June 11, 2025 - 09:30 Source

While there’s a lot of similarities in how Australians vote between the House and the Senate, they’ve never voted exactly the same. For a start, there are more options on the Senate ballot paper than the House ballot paper. Small parties will not run in all House seats (sometimes they run in very few) and thus can only attract Senate votes in many seats. This means the bigger parties have traditionally done better in the House, where they have less competition.

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Cheeseburger Gothic Wednesday, June 11, 2025 - 09:26 Source

I bought myself a new dictation rig, like actual physical hardware, this week. The Plaud Note Pin.

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MacroBusiness Wednesday, June 11, 2025 - 09:00 Source

Another light news session overnight as speculation mounts of potential trade deals and tariff pullbacks with US-China talks progressing. Wall Street took any positive news as good news and was bid strongly while European shares pulled back on some not so good unemployment data and increased concerns over defence spending. Currency markets are in a

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 11, 2025 - 08:00 Source

Last week’s Q1 national accounts release from the Australian Bureau of Statistics (ABS) showed that Australia’s economy remains on life support, driven by historically high population growth and public spending. Australia’s aggregate GDP grew by only 0.2% in Q1 2025, less than half the 0.45% growth tipped by the Reserve Bank of Australia (RBA) in

The post Has the Australian economy just cracked? appeared first on MacroBusiness.

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Renew Economy Wednesday, June 11, 2025 - 05:46 Source
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Renew Economy Wednesday, June 11, 2025 - 04:57 Source
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MacroBusiness Wednesday, June 11, 2025 - 00:05 Source

On Monday, I reported how the Q1 national accounts, released last week by the Australian Bureau of Statistics (ABS), showed that Australia’s manufacturing sector shrank to a record low 5.1% share of GDP: As you can see, Australia’s manufacturing sector has collapsed over the past 45 years, from around 14% of GDP in the mid-1970s.

The post Australia’s deindustrialisation is nearly complete appeared first on MacroBusiness.

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THE BLOT REPORT Tuesday, June 10, 2025 - 22:33 Source

We bought an electric car; not a swasticar, but a Hyundai Kona. We have had it for three months and up until today had only driven it about 1500 km. On Friday we drove to Sydney to see family, and never having driven more than about 20 km in one hit, a drive of some 350 kms was taken on with some nervousness. This was not due to what has been termed ‘range anxiety’ as we knew there were charging stations along the way, one group of which was at Pheasants Nest, where we used to stop for lunch and a coffee when travelling with the eleven-year-old Mazda we used to own.

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Renew Economy Tuesday, June 10, 2025 - 20:26 Source

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MacroBusiness Tuesday, June 10, 2025 - 16:35 Source

Asian share markets are having a mixed session across the region given the poor lead from Wall Street overnight with no news about trade deals between the US and China (or Japan, or anywhere else – too much going on in LA? ) Currency markets are pushing back against recent USD strength as most undollars

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, June 10, 2025 - 15:22 Source
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Renew Economy Tuesday, June 10, 2025 - 15:05 Source

Dexus rooftop solar factory

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