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Renew Economy Monday, June 23, 2025 - 13:01 Source
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MacroBusiness Monday, June 23, 2025 - 13:00 Source

Victoria’s net debt was only $22.3 billion when the Labor government delivered its inaugural state budget in 2015. According to budget projections, it will reach $194 billion by 2028–29, up from $155.5 billion currently. Victorian net debt per capita was less than $3,600 in Labor’s first budget. Since then, it has surged to $21,900, with

The post Victorian debt explodes on bureaucratic waste appeared first on MacroBusiness.

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MacroBusiness Monday, June 23, 2025 - 12:30 Source

Many argue that iron ore is cheap. But above $90, it is still very expensive. That is the tell on why you should not buy miners now, even though they appear cheap on NTM and dividends. The reason is, the market is yet to discount the entrance of Simandou, which is actually going better than

The post Don’t buy miners now appeared first on MacroBusiness.

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MacroBusiness Monday, June 23, 2025 - 12:00 Source

The Australian has a consistent viewpoint on the use of gas that is clearly destructive to the Australian economy (and, therefore, itself). It is pro-gas, but it very rarely argues in favour of policies like domestic reservation, even when they are promoted by the Coalition. To some extent, this is probably ideological. The Murdoch Press

The post Why does Murdoch want to destroy Aussie energy? appeared first on MacroBusiness.

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Renew Economy Monday, June 23, 2025 - 11:54 Source
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Your Democracy Monday, June 23, 2025 - 11:34 Source

The expansion of the war from Palestine to Iran, which began on 13 June, signals an Israeli obsession persisting for four decades. As the Trump administration was negotiating in bad faith with Iran over its nuclear programme, the Israeli regime took advantage of an interval to bomb Tehran, assassinating leading scientists, a senior general and other officials, some of them engaged in the talks.

 

Nuclear OptionsTARIQ ALI

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MacroBusiness Monday, June 23, 2025 - 11:30 Source

The Market Ear with the charts. Already bombed out This email is just a reminder that sentiment and positioning metrics were already pretty depressed going into this weekend. From hedge funds to quants, longs are light which should leave less room for an unwind panic. Here are a couple of our favorite charts. Just average

The post Buy the bombed appeared first on MacroBusiness.

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MacroBusiness Monday, June 23, 2025 - 11:00 Source

Australia’s recent productivity growth has been among the worst in the advanced world, as illustrated below by Justin Fabo from Antipodean Macro. This month, federal Treasurer Jim Chalmers launched a productivity summit aimed at pulling the nation out of its funk that has seen per capita growth and living standards decline. The Guardian’s economics editor,

The post Australia’s productivity dreamland appeared first on MacroBusiness.

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MacroBusiness Monday, June 23, 2025 - 10:30 Source

Throughout last year, CBA published data showing that older Australians had increased their spending significantly above inflation, whereas younger Australians had cut back hard on spending. For example, in the year to Q3 2024, Australians aged 70-plus increased their spending on essential categories by 7.4% and spending on discretionary categories by 8.0%. Both were well

The post Only older Australians can afford luxuries appeared first on MacroBusiness.

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MacroBusiness Monday, June 23, 2025 - 10:00 Source

DXY fell Friday, but WWIII should be enough to restore it this morning. AUD is bunkering. We’ll see a nice oil pop this morning. I say short it. MAGA ain’t pleased. Metals grind on. The mining bear market is huge and only just begun. EM meh. A safe haven bod for Treasuries. Stocks only go

The post Australian dollar hits the oil skids appeared first on MacroBusiness.

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xkcd.com Monday, June 23, 2025 - 10:00 Source

'This HAZMAT container contains radioactive material with activity of one becquerel.' 'So, like, a single banana slice?'

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MacroBusiness Monday, June 23, 2025 - 09:30 Source

Goldman has presented four possible scenarios for the oil market arising from the US attack on Iran’s nuclear facility: Scenario One, we stay in the present scenario where we do not have a meaningful or any loss of supply… I think in that situation we stay around these sort of levels because we are seeing some curtailment of

The post How high for oil as world goes nuclear? appeared first on MacroBusiness.

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Your Democracy Monday, June 23, 2025 - 09:17 Source

The mainstream French media ignored the reality of Nazism's existence in Ukraine for years and refused to acknowledge the widespread presence of Nazi ideology within the Ukrainian armed forces, even when Ukrainians wore swastikas or other Nazi symbols during military training in France. And then, suddenly, one of the major French media outlets noted "hundreds of similar cases." Why?

 

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The Tally Room Monday, June 23, 2025 - 09:15 Source

Last month I posted about the increase in the proportion of votes that were cast early (postal, pre-poll and remote) as opposed to those cast on election day. 55.7% of votes were cast early, with just 43.6% casting their votes on the day.

For today’s post I am looking at how those voters actually voted, and how it’s changed over time.

Starting with the two-party-preferred vote, applying my estimate of the Bradfield 2PP, the gap between election day and the early vote is the widest I’ve seen since at least 2004.

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MacroBusiness Monday, June 23, 2025 - 09:00 Source

Oil prices will likely gap 20% higher this morning when markets open given the illegal attack on Iran by the Trump regime over the weekend, with equity futures indicating higher volatility as well. This will truly re-set risk markets across the board, with all eyes on US Treasuries for signs this conflagration could have an

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Monday, June 23, 2025 - 08:00 Source

The Q1 national accounts, released earlier this month, showed that the private sector economy remains locked in recession. Australia’s per capita GDP declined by 0.2% over the quarter, the ninth decline in 12 quarters. It was also the longest (but not deepest) decline in GDP per capita in modern recorded history. The decline in per

The post Australia’s private sector economy tanks appeared first on MacroBusiness.

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Your Democracy Monday, June 23, 2025 - 07:53 Source

Foreign Minister Penny Wong has continued her round of morning media interviews, stopping by ABC's News Breakfast, where she's reiterated the government's support of the US' strikes on Iran's nuclear facilities.

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Your Democracy Monday, June 23, 2025 - 06:27 Source

Israel flew over to Iran with fighter jets and has since gone totally ballistic — literally and figuratively. So what does the European Union’s insane clown posse have to say about it? Get yourself some popcorn. The Eurojokers are doing their best stand-up comedy again without even realizing it.

 

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Your Democracy Monday, June 23, 2025 - 05:03 Source

 

As the world reacts to the entry of the US into Israel’s attack on Iran, Greg Barns says the actions betray the rules based order.

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Your Democracy Monday, June 23, 2025 - 04:39 Source

 

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Your Democracy Monday, June 23, 2025 - 04:24 Source

‘If Iran falls, we’re next’: What Russian experts and politicians are saying about the US strikesRT has gathered reactions in Moscow, ranging from geopolitical alarm to bitter irony, following the US attack on Iran’s nuclear sites

 

By Georgiy Berezovsky, Vladikavkaz-based journalist

 

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John Quiggin Monday, June 23, 2025 - 04:19 Source

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.

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MacroBusiness Monday, June 23, 2025 - 00:05 Source

The ABS released its official population data for Q4 2024, which showed that both immigration and population growth continue to ease back from record highs. In Q4 2024, Australia’s population grew by 91,100, down from 121,600 in the same quarter the year before. Net overseas migration (NOM) of 68,000, down from 99,500 in Q4 2023,

The post The truth about Australia’s housing crisis appeared first on MacroBusiness.

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Renew Economy Sunday, June 22, 2025 - 20:43 Source

glenrowan solar farm

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Your Democracy Sunday, June 22, 2025 - 18:43 Source

"We have received divers and sundry reports both by your own subjects and others, who have visited some parts of Your Majesty's empire ... This has encouraged us to find a shorter route by sea from us to your country than the usual course that involves encompassing the greatest part of the world."

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Your Democracy Sunday, June 22, 2025 - 18:13 Source

UNITED NATIONS -- United Nations Secretary-General Antonio Guterres on Saturday branded the US strikes on Iran as a "dangerous escalation in a region already on the edge — and a direct threat to international peace and security."

"There is a growing risk that this conflict could rapidly get out of control — with catastrophic consequences for civilians, the region, and the world," Guterres said in a statement.

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MacroBusiness Sunday, June 22, 2025 - 13:50 Source

US President Donald Trump has confirmed that the United States has bombed nuclear sites in Iran BBC Reuters Al Jazeera ABC Well, it is now on for young and old. We’ve been here before haven’t we…….. The world’s preeminent military power threatening a strike against a Middle Eastern nation known for fomenting trouble.  The message

The post Game on: Trump bombs Iran appeared first on MacroBusiness.

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Your Democracy Sunday, June 22, 2025 - 11:11 Source

MORE TO COME..

 

YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.

 

         Gus Leonisky

         POLITICAL CARTOONIST SINCE 1951.

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Your Democracy Sunday, June 22, 2025 - 10:56 Source

The video presents a critical analysis of the U.S. and Israel’s handling of the escalating conflict with Iran, drawing attention to questionable justifications for military involvement and the broader implications of such actions.

Key points include:

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Your Democracy Sunday, June 22, 2025 - 10:14 Source

Trump confirms US airstrikes on Iranian nuclear sites

President Donald Trump said the US had carried out attacks against three nuclear sites in Iran, including the site in Fordo.

Trump posted on his Truth Social account that a "a full payload of bombs was dropped" on the site, that is known to be located several dozen meters underground, making it more difficult to attack.

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