Blogotariat

The financial year-end, 30 June, was volatile. After all was said and done, our international fund finished up over 18%, and our Australian fund finished up over 15%. Our tactical growth finished up over 12%. All of our funds look attractive relative to their benchmarks, especially as they were all significantly less volatile than the

The post June 2025 MB Fund Performance appeared first on MacroBusiness.

Bloomberg is out this week talking about the “once-in-a-generation trade” in the copper market: The Aug. 1 deadline for Trump’s 50% copper tariffs signals the endgame for the most profitable trade that industry veterans say they have ever seen… And the traders were only getting started. Trump’s probe fired the starting gun on a massive movement

The post The greatest ever copper trade appeared first on MacroBusiness.

One could write an entire book on all the various drivers of Australian economic ruin. Today we will be taking the usual data-driven approach to examine the big three, in my view. Housing Is The Economy Back at the dawn of the 1990s, business lending was getting on for two-thirds of all outstanding bank lending

The post Why Australia’s economy is so broken appeared first on MacroBusiness.

As usual, everybody is asking the wrong question. AFR. The Trump administration’s undersecretary for policy, Elbridge Colby, is already leading a review into the AUKUS agreement between Australia, the US and the United Kingdom, and increasingly pushing for firmer commitments about how nuclear submarines would be used. Citing five sources, the Financial Times reported that Colby had asked Australia and

The post Taiwan should defend Taiwan appeared first on MacroBusiness.

When the sun set on 2023, Canada had one of the highest migration rates in the world, welcoming over 1.24 million new migrants over the calendar year, or 3.2% of the population. This left Canada ranked number 11 on the World Bank’s list of nations by population growth for 2023, sandwiched between various nations in

The post Canada schools Australia on immigration and housing appeared first on MacroBusiness.

This economy is not growing at 5% in anybody’s mind except for the CCP’s and its menagerie of grovellers. Property is stuffed. Prices are still falling. Cars are doing better on the cash-for-clunkers. This was true of consumption more broadly, but much of that is over now after the vouchers were pulled. But exports are

The post The Chinese economy is on life support appeared first on MacroBusiness.

I was having breakfast with a mate this morning who had just started watching Foundation on Apple TV, and I warned him that the first series was a bit ordinary but that he should stick with it because it got so much better in the later series.

I don't know how we segued from that to Blade Runner but I think we were talking about unfilmable books. Rob told me something I’d never known. Blade Runner was not a title Ridley Scott came up with because the original Philip K Dick story, Do Androids Dream of Electric Sheep? would’ve been a box office disaster.

Markets are so fun sometimes. Iron ore is in all sorts of trouble, but traders love to push a counter-trend rally. The latest MySteel data is still down as expected. Westpac sums it beautifully. Iron ore has been incredibly stable A good example of why to stay calm has been the relative lack of volatility

The post Iron ore hands bears a gift appeared first on MacroBusiness.

Ukraine will receive its first batch of long-range missiles financed by Germany by the end of July, a top German general has said, acknowledging that Kiev’s battlefield situation is deteriorating.

In an interview with ZDF, Major General Christian Freuding, who oversees the coordination of Berlin’s military support for Kiev, said Germany is “ready to make these weapons systems available.”

On July 6, BRICS member states signed the Joint Declaration of the 17th BRICS Summit, “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance”, in Rio de Janeiro.

Decvelopers of a proposed 300 MW solar project with a massive eight-hour "integrated" battery in north west Victoria seek federal environmental approval.

On June 22, 2025, South Korean presidential spokesperson Kang Yu-jung announced that President Lee Jae-myung would not be participating in the NATO summit scheduled for June 24–25 in The Hague. She referred to domestic priorities and the escalating uncertainty in the Middle East as reasons for the decision.  

Why Lee Jae-myung Did Not Attend the NATO Summit

Konstantin Asmolov