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MacroBusiness Thursday, March 5, 2026 - 11:30 Source

The market does enjoy watching a good war. But this is still not all clear, in my book. This is especially true now that the Straits are closed. Goldman reckons due to the collapse of oil flows through the Strait of Hormuz, damage to energy infrastructure, and storage congestion that caused Iraq to reduce oil

The post The fat lady ain’t singing in Iran appeared first on MacroBusiness.

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MacroBusiness Thursday, March 5, 2026 - 11:00 Source

The Australian Bureau of Statistics (ABS) on Tuesday reported a 0.9% increase in public sector demand in the December quarter, which was estimated to contribute 0.3 percentage points to GDP for the quarter. Public demand, which comprises all federal, state and local government spending and investment, totalled $198 billion in the three months to December.

The post NDIS swallows federal budget and economy appeared first on MacroBusiness.

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MacroBusiness Thursday, March 5, 2026 - 10:30 Source

Victoria continues to swing to One Nation. According to a RedBridge Group/Accent Research poll cited in the AFR, One Nation, which was not a choice in the previous survey conducted in December, is at 24%. Labour is down 6 to 25%, the Coalition is down 12 to 28%, and the Greens are up 1 to

The post Time to give One Nation some power appeared first on MacroBusiness.

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Your Democracy Thursday, March 5, 2026 - 10:09 Source
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MacroBusiness Thursday, March 5, 2026 - 10:00 Source

Wednesday’s December quarter national accounts release from the Australian Bureau of Statistics (ABS) came in hot, with GDP rising by 2.6% in 2025, above the RBA’s latest forecast in the February Statement of Monetary Policy (SoMP): Viewed alongside the higher-than-target inflation and lower-than-forecast unemployment rate, the strong GDP print suggests that the RBA will be

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Your Democracy Thursday, March 5, 2026 - 09:40 Source

Donald Trump has criticised Keir Starmer again over the UK’s refusal to aid the offensive strikes on Iran, saying the “relationship is obviously not what it was”.

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MacroBusiness Thursday, March 5, 2026 - 09:30 Source

Canadian PM Mark Carney has raised the median IQ in Australia for a few days. The world order is undergoing a rupture and the old norms of the rules-based international order are being erased, and that new system that will emerge ultim­ately is yet to be built. Global institutions have often been too slow to

The post Carney vs Bell vs Harries appeared first on MacroBusiness.

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MacroBusiness Thursday, March 5, 2026 - 09:00 Source

The ferrous market does love seasonality, and no sooner has it closed the jaws than it is reopening them. This is part short squeeze, part hope for stimmies, with a dash of Iran thrown in. Futures markets have gotten rather short over the last month, so some corrective medicine was due. Second, hope for stimmies

The post Iron ore takes off as steel market crumbles appeared first on MacroBusiness.

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Your Democracy Thursday, March 5, 2026 - 08:01 Source

From Afghanistan to Iraq and Libya, repeated military interventions have weakened rather than strengthened US power. With new strikes on Iran launched without congressional authorisation, the pattern of executive overreach and strategic miscalculation deepens.

 

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MacroBusiness Thursday, March 5, 2026 - 08:00 Source

In a normal post-pandemic year, auction clearance rates in Sydney leap out of the gates as the holiday season hibernation period ends and the property market surges in February and March. In 2022 and 2024, this period had the highest clearance rates of the year. Without an external catalyst, such as movements in interest rates,

The post Sydney’s “pretty sh!t” auction market appeared first on MacroBusiness.

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Your Democracy Thursday, March 5, 2026 - 06:55 Source

 

Since I don’t suffer from memory problems or cognitive deficiencies, I am able to remember in 2024 that (the candidate) Trump promised that he would “end the Ukraine war in 24 hours” if elected, even stating he would do it before being inaugurated. I’m still waiting on that. 

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Your Democracy Thursday, March 5, 2026 - 04:00 Source

When the United States invaded Iraq in 2003, many of us knew, and argued loudly, that the American public was being lied to. We knew that Iraq had no weapons of mass destruction and could back up our claims. The war went ahead anyway, but eventually, the lies were exposed. 

 

Debunking the Lies of the Iran War

Mitchell Plitnick for Mondoweiss

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Your Democracy Thursday, March 5, 2026 - 03:22 Source

There has scarcely been an attempt to pretend any justification in international law for the attack on Iran and murder of its leader. The response of the U.K. government, focusing almost entirely on condemning Iran for exercising its legitimate right of self-defence, takes the Keir Starmer dishonesty meter further off the scale.

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MacroBusiness Thursday, March 5, 2026 - 00:01 Source

Australia is suffering its worst rental crisis in living memory. Advertised rents have soared by around 47% since the end of 2019, according to Cotality, adding around $11,470 to the annual cost of renting for the typical Australian: Australian rental vacancy rates are also tracking at historical lows, at around half pre-pandemic levels: Cotality shows

The post Rising population growth pressures renters appeared first on MacroBusiness.

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Renew Economy Wednesday, March 4, 2026 - 22:23 Source

The printed solar technology spun out of the University of Newcastle has secured a $2.1 million federal government grant to help fund a commercial-scale pilot.

The post Australian printed solar technology used to power Coldplay world tour secures federal funding appeared first on Renew Economy.

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Your Democracy Wednesday, March 4, 2026 - 19:58 Source

This analysis examines the strategic importance of a narrow maritime chokepoint and how its closure could trigger global economic collapse. Discover the vulnerabilities of major economies and infrastructure in a potential conflict between regional powers.

https://www.youtube.com/watch?v=oOmmHOqMGvo

 

How the Strait of Hormuz Will Start World War 3 | Prof Jiang Explains

 

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Core Econ Wednesday, March 4, 2026 - 16:16 Source

Efficient and safe use of equipment is vital in workplaces such as warehouses, distribution centres, and retail environments. Among the essential tools for material handling, the pallet jack plays a key role in moving goods quickly and safely. While its design appears straightforward, improper operation can lead to accidents, injuries, or damage to merchandise. Implementing correct handling practices is essential for anyone using a pallet jack, whether manual or electric.

Understanding the Pallet Jack

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Renew Economy Wednesday, March 4, 2026 - 15:08 Source

New data shows more Australians are having a crisis of faith in the transition to renewables. But workers on the frontline of community engagement tell a different story.

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Renew Economy Wednesday, March 4, 2026 - 14:49 Source

Waratah Super Battery.Big battery projects including stand-alone BESS and solar-hybrids dominated investment activity in the final quarter of 2025, featuring in 16 deals across financing, M&A and PPAs.

The post Big battery deals dominate as investors buy, sell, finance and contract Australian energy storage appeared first on Renew Economy.

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Your Democracy Wednesday, March 4, 2026 - 14:28 Source

Former foreign minister Bob Carr has lamented the Albanese government’s strong backing for the United States and Israel’s strikes on Iran, pointing to simmering discontent within parts of Labor about the party’s seeming lack of interest in upholding international law.

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Renew Economy Wednesday, March 4, 2026 - 14:07 Source

Camilla Hamilton from Cogency explains the importance of research, listening, and good coffee when consulting with communities on renewables. Plus news of the week.

The post Solar Insiders Podcast: What’s the right way to consult with communities? appeared first on Renew Economy.

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Your Democracy Wednesday, March 4, 2026 - 13:10 Source

Thousands of mourners have filled the streets of the southern Iranian city of Minab for the funeral of 168 schoolgirls and staff killed in an attack on an elementary school on the opening day of the US-Israeli strikes.

Images from the funeral show row upon row of small, shallow graves – the final resting places of children aged mostly between seven and 12.

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MacroBusiness Wednesday, March 4, 2026 - 13:00 Source

The Albanese government has signalled that it will scale back the capital gains tax (CGT) discount in the May budget, most likely from 50% to 33% or 25%. It has also signalled that it will limit the number of investment properties that an individual can negatively gear. However, Greens senator Nick McKim says the 50%

The post Will the lunatic Greens scuttle sensible property tax reform? appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 4, 2026 - 12:30 Source

Even the missteps of the American Madman can have a positive aspect. China still relies less on foreign energy sources than most large nations, but it has vulnerabilities worth exposing from time to time. This degree of dependence is far lower than that of major European industrial nations like Germany, Italy, and Spain, as well

The post Who’s afraid of the Straits of Hormuz? appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 4, 2026 - 11:53 Source

The Australian Bureau of Statistics (ABS) released national accounts data for the December quarter, which printed headline real GDP growth of 0.8% over the quarter and 2.6% year-on-year. The result beat expectations of 2.2% growth. Thanks to backward revisions, per capita GDP has now grown for four consecutive quarters, rising by 0.9% in 2025, the

The post Strong GDP heaps more pressure on RBA appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 4, 2026 - 11:30 Source

Charts from TME. Like acne. AI bubbles are bursting everywhere. An oil shock is almost uniquely well-placed to smash tech because it causes a spike in duration, which hammers growth stocks on long-term ROE horizons. We already know that the Sag7 are kaput. Do you like your KOSPI served crispy? Who’s next? The cause is,

The post Duck the pus as AI bubbles pop all over appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 4, 2026 - 11:00 Source

The latest quarterly dwelling completions data from the Australian Bureau of Statistics (ABS) showed that over the first 15 months of the National Housing Accord, 81,000 (27%) fewer homes were constructed than required to meet the government’s target of building 1.2 million homes over five years, commencing July 1, 2024: Out of the major markets,

The post Falling approvals shatter housing targets appeared first on MacroBusiness.

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xkcd.com Wednesday, March 4, 2026 - 11:00 Source

This replaces the previous solar activity watch, which was issued last month when the sun took off its sunglasses.

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MacroBusiness Wednesday, March 4, 2026 - 10:30 Source

Australian growth will be okay today, by all accounts. Forecasters have the December quarter coming in at 0.7-1.1% supported, largely, by, you guessed it, Albo’s rampant spending. Despite a significant decline in public infrastructure work (-3.8% qtr), public investment increased 0.9% qtr in Q4. Strength was centred at the federal level, where federal public corporations’

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Renew Economy Wednesday, March 4, 2026 - 09:54 Source

e-storage batteryDemonstrating, once again, the power of clean energy in the face of strong political headwinds, the US has chalked up its largest single year of new battery additions on record.

The post Batteries trump Trump, as US smashes record for new energy storage capacity in 2025 appeared first on Renew Economy.

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