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MacroBusiness Sunday, September 21, 2025 - 18:23 Source

By Lucinda Jerogin, Associate Economist at CBA The unemployment rate held steady at 4.2% in August. Australia’s population rose by 0.5% in Q1 25 to 27.5 million people. The annual growth rate eased to 1.6%. Offshore, the US Fed Reserve took centre stage cutting the funds rate by 25bp as was widely expected. The BoC

The post The economic week ahead appeared first on MacroBusiness.

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Your Democracy Sunday, September 21, 2025 - 16:19 Source

MOSCOW (Sputnik) - Vietnamese singer Duc Phuc wins the Intervision International Music Contest, said Russian jury member Igor Matvienko.

"Duc Phuc, Vietnam, won," Matvienko said, announcing the results.

Kyrgyzstan and Qatar took second and third place.

The jury did not rate Russia's Yaroslav Dronov (Shaman) at his request, a Sputnik correspondent reported.

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Renew Economy Sunday, September 21, 2025 - 14:59 Source
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THE BLOT REPORT Sunday, September 21, 2025 - 11:55 Source

Many years ago, acquaintances of ours, Peter and Ria Gill, owned a restaurant, Peaches1,2, in the Canberra suburb of Campbell and we would occasionally dine there. The food was wonderful and the wine list was spectacular.

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Your Democracy Sunday, September 21, 2025 - 09:46 Source

 

Keith Kellogg, President Trump’s special envoy for Ukraine, had strong words for Russia at a conference held in Ukraine, saying that the US could “kick Russia’s ass,” Remix News has reported.

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Renew Economy Sunday, September 21, 2025 - 07:50 Source
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Your Democracy Sunday, September 21, 2025 - 05:55 Source

The US, UK and other Western nations that continue to supply weapons to West Jerusalem are equally responsible for the Israeli “genocide” in Gaza, Roger Waters, British rock legend and co-founder of the band Pink Floyd, has said.

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Club Troppo Saturday, September 20, 2025 - 22:28 Source

You might have seen the picture above. It’s the Tacoma Narrows bridge which collapsed a few weeks after being built. Why? Well what you can see here is the perturbations from the wind being amplified by the suspension system on … Continue reading →

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Renew Economy Saturday, September 20, 2025 - 14:43 Source
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Your Democracy Saturday, September 20, 2025 - 06:44 Source

The World Bank’s Reboot Development report has belatedly confirmed what scientists have warned for decades: humanity is breaching the safe operating limits of the Earth.

Air, water, forests and oceans, the very foundations of life are unravelling under the pressure of unrestrained growth. Six of nine planetary boundaries have already been crossed.

 

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Your Democracy Saturday, September 20, 2025 - 05:55 Source

Thousands of people in central Berlin were ordered to evacuate on Thursday evening after an unexploded World War II bomb was discovered in the Spree River.

Police set up a security perimeter of 500 meters in a densely populated area in the center of the German capital.

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MacroBusiness Saturday, September 20, 2025 - 00:10 Source

This week, Cotality released data, based on around 97,000 resales, showing that 94.8% of sellers made a nominal profit across Australia in Q2 2025. The median profit on sale also hit a record high of $315,000, up from $305,000 in the previous quarter. New South Wales, which is home to the nation’s most expensive homes,

The post Aussies cash in on house price boom appeared first on MacroBusiness.

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MacroBusiness Saturday, September 20, 2025 - 00:05 Source

International Reading: Thousands of people are cancelling their Disney, Hulu, and ESPN subscriptions! – AZ Central TikTok To Be Sold To Trump’s Right Wing Billionaire Buddies And Converted Into A Propaganda Mill – Tech Dirt Jerome Powell says the Gen Z hiring nightmare is real: ‘Kids coming out of college…are having a hard time finding

The post Weekend reading and MB media appearances appeared first on MacroBusiness.

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MacroBusiness Friday, September 19, 2025 - 16:18 Source

Queenscliff sunrise   AUD/USD     EUR/USD     USD/JPY     GBP/USD     Gold     WTI     Brent     Australia 200     US S&P 500     UK 100     Japan 225  

The post Macro Afternoon: 19 September 2025 appeared first on MacroBusiness.

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Renew Economy Friday, September 19, 2025 - 14:15 Source
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MacroBusiness Friday, September 19, 2025 - 14:00 Source

On Thursday, Stats NZ released the Q2 national accounts, which revealed a sharper-than-expected decline in real GDP. New Zealand’s GDP declined 0.9% in the June 2025 quarter and was down 1.1% year over year. For the third consecutive quarter, annual GDP fell. The following chart from Justin Fabo from Antipodean Macro shows that New Zealand’s

The post Reserve Bank poised to slash rates appeared first on MacroBusiness.

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Renew Economy Friday, September 19, 2025 - 13:44 Source
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MacroBusiness Friday, September 19, 2025 - 13:30 Source

With the release of the latest national accounts data showing that household consumption had grown by 0.9% in inflation-adjusted terms and the ABS Household Spending Indicator showing spending up by 0.5% MoM in July and up 5.1% YoY, some are questioning whether rate cuts are working. Before we get into the numbers detailing how rate

The post Are rate cuts working? appeared first on MacroBusiness.

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MacroBusiness Friday, September 19, 2025 - 13:00 Source

To say that things have gone wrong for the Coalition after taking a 52% to 48% two-party preferred lead into the run-up to May’s federal election would be an understatement. Between a series of major unforced political errors and having their policy platform, which was effectively crafted with crayon, poorly received by the electorate, the

The post Things go from bad to worse for the LNP appeared first on MacroBusiness.

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MacroBusiness Friday, September 19, 2025 - 12:30 Source

Luke Yeaman, Chief Economist at CBA, penned a report on the Australian federal budget, which “is projected to return to deficit over the next decade”. While “tax receipts are strong”, Yeaman notes that “structural spending has lifted to levels rarely seen in Australia outside of major economic shocks”. While spending pressures are evident across most

The post NDIS cripples federal budget appeared first on MacroBusiness.

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Renew Economy Friday, September 19, 2025 - 12:03 Source
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MacroBusiness Friday, September 19, 2025 - 12:00 Source

The climate change pantomime has taken an interesting new twist, with low-lying Pacific Nations lambasting Australia over its approval of Woodside’s North West Shelf gas project extension. Anote Tong, who led the small Pacific nation of Kiribati between 2003 and 2016 accused Labor of putting economic interest before the security of important allies in the

The post Why won’t Pacific nations lambast China on climate? appeared first on MacroBusiness.

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Renew Economy Friday, September 19, 2025 - 12:00 Source
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MacroBusiness Friday, September 19, 2025 - 11:30 Source

Teal independents continue to run interference for Big Australia mass immigration. In 2022, Zali Steggal, a Teal member from Warringah (which includes Sydney’s rich northern beaches), supported a large increase in immigration to combat labour shortages. In 2024, Steggal called for a 75% 2030 emissions reduction target for Australia, ignoring the fact that aggressively growing

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Renew Economy Friday, September 19, 2025 - 11:18 Source
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MacroBusiness Friday, September 19, 2025 - 11:00 Source

Bloomberg loves a party line. Australian unemployment held steady last month even as the economy shed jobs with fewer people looking for work, signaling the labor market remains tight and reinforcing the Reserve Bank’s cautious approach to policy easing. There is nothing tight about the Aussie labour market. Frankly, at 4.2% unemployment, it is intrinsically

The post Indian Albo’s labour market loose as a goose appeared first on MacroBusiness.

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MacroBusiness Friday, September 19, 2025 - 10:30 Source

Let’s make a story where there isn’t one. The stunning collapse of the $30bn Santos takeover after six months of exhaustive talks and diligence will have investors rightly asking what else is lurking inside the gas play, and why are they still in the dark? On Wednesday night, Abu Dhabi’s XRG consortium, led by the Abu Dhabi

The post Univestable Santos incinerates Aussie gas appeared first on MacroBusiness.

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MacroBusiness Friday, September 19, 2025 - 10:00 Source

For a long time, Middle America has found itself struggling at an aggregate level. While there have been some on-paper standouts when breaking down household outcome growth by geographical location, that has been balanced out by other locales seeing significantly weaker growth than the average. Today, the median American full-time male worker earns as much

The post Trump’s America loses hope appeared first on MacroBusiness.

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xkcd.com Friday, September 19, 2025 - 10:00 Source

People looking for the gaps in our understanding where the meaning of consciousness or free will might hide often turn to quantum uncertainty or infinite cosmologies, as if we don't have breathtakingly complex emergent phenomena right there in our freezers.

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MacroBusiness Friday, September 19, 2025 - 09:00 Source

On Thursday, Prime Minister Anthony Albanese unveiled Labor’s long-awaited 2035 climate targets, which promise to reduce emissions by more than 62% and up to 70%. The promise expands on Australia’s existing 2030 target to reduce emissions by 43% from 2005 levels. The Paris Agreement, reached a decade ago, requires nations to lift their carbon reduction

The post Australia sacrifices self on climate altar appeared first on MacroBusiness.

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