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Your Democracy Tuesday, October 7, 2025 - 10:53 Source

The US President Donald Trump has said he had already made a decision on supplying long-range Tomahawk missiles to Ukraine. He however refused to reveal what the exact decision is.

“I’ve sort of made a decision on that. I would have to ask the question where are they sending them,” he told journalists at the White House on Monday.

“I’m not looking to see escalation,”Trump stressed.

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Renew Economy Tuesday, October 7, 2025 - 10:48 Source
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MacroBusiness Tuesday, October 7, 2025 - 10:30 Source

Looking at any number of indicators of health for households within the Australian economy, the news is hardly stellar. Real wages are at levels last seen in late 2011 and if the RBA’s projected rate of growth out into the future is realised, the pre-Covid peak will be reached in the mid-2030s. Meanwhile, growth in

The post Australia’s broken economy leaves us divided appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 7, 2025 - 10:00 Source

I wrote last week about how the taxation of tobacco is one of Australia’s biggest policy failures. The federal government has repeatedly raised tobacco taxes to discourage smoking. Yet, the Australian Medical Association has warned that the availability of cheaper, illegal tobacco has led to a sharp rise in smoking rates, alongside booming organised crime

The post Australia’s sin taxes have gone too far appeared first on MacroBusiness.

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Renew Economy Tuesday, October 7, 2025 - 09:54 Source
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MacroBusiness Tuesday, October 7, 2025 - 09:00 Source

From the Market Ear: Kamikaze The Japanese 30 year has risen sharply over the past few years. Is this a similar break out move like we saw earlier this year? Gold loves it Gold loves rising Japanese 30 year yields… The streak Gold prices have now posted their 8th consecutive quarterly gain, the third-longest streak

The post Gold Roars, Kamikaze Yields, and the SOX Melt Up appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 7, 2025 - 08:00 Source

It’s rare that any more than a month or two goes by without Prime Minister Anthony Albanese mentioning that he grew up in public housing. Every now and then it’s casually trotted out, perhaps as an attempt to connect with everyday voters that many in the ‘Canberra Bubble’ increasingly find themselves detached from. Meanwhile, the

The post Albanese’s flagship housing failure appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 7, 2025 - 00:05 Source

Last week, the government body Build Skills Australia released a report claiming that there simply aren’t enough tradespeople to meet Labor’s target to build 240,000 homes a year. Build Skills Australia shows that Australia’s rate of construction per new resident has collapsed, despite the volume of homes built over the past 20 years (174,000 dwellings

The post Australia has a tradie problem appeared first on MacroBusiness.

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Your Democracy Monday, October 6, 2025 - 20:16 Source

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

Roger Waters joins the show to talk about Gaza, the UN, free speech & what he wants the president of Colombia to do. Plus, he reacts to the latest crackdowns on speech, the war in Ukraine, & why some musicians are such cowards when it comes to Israel.

For the full discussion, please join us on Patreon at - / patreon-full-140151702

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Renew Economy Monday, October 6, 2025 - 19:22 Source
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MacroBusiness Monday, October 6, 2025 - 16:49 Source

Point Lonsdale sunrise, Victoria   AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK100 Japan 225

The post Macro Afternoon: 6 October 2025 appeared first on MacroBusiness.

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Renew Economy Monday, October 6, 2025 - 14:55 Source
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Renew Economy Monday, October 6, 2025 - 14:08 Source
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MacroBusiness Monday, October 6, 2025 - 14:00 Source

The Reserve Bank of New Zealand has already delivered 2.5% of interest rate cuts, which has taken the official cash rate to 3.0% from a peak of 5.5%. As illustrated below by Justin Fabo from Antipodean Macro, the Reserve Bank’s monetary easing has lowered new mortgage rates to pre-pandemic levels, whereas weighted-average interest rates on

The post Reserve Bank readies deep interest rate cuts appeared first on MacroBusiness.

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MacroBusiness Monday, October 6, 2025 - 13:00 Source

India is Australia’s second-largest source of international students. According to the Department of Education, in the year to July 2025, there were a record 159,530 Indian students enrolled in Australia, up 31,000 from the pre-pandemic peak and 6.6 times more than in 2005: Of these Indian enrolments, 94,271 were in higher education (universities) and 63,613

The post Australia opens Indian student-migration pathway appeared first on MacroBusiness.

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Renew Economy Monday, October 6, 2025 - 12:14 Source
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MacroBusiness Monday, October 6, 2025 - 12:00 Source

Anyone who thinks attaining Labor’s 82% Renewable Energy Target (RET) by 2030 is feasible or affordable is kidding themselves. To meet Labor’s fantastical target, much of Australia’s baseload coal generation—the backbone of the country’s energy grid—would have to be shut down and replaced with masses of intermittent and weather-dependent wind and solar generation, backed up

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Renew Economy Monday, October 6, 2025 - 11:39 Source
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Renew Economy Monday, October 6, 2025 - 11:39 Source
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MacroBusiness Monday, October 6, 2025 - 11:30 Source

Under a series of treaties signed by the Australian and New Zealand governments, New Zealand citizens have the right to move to Australia and live there indefinitely under the Special Category Visa (SCV). The SCV is granted to Kiwis automatically upon entry, provided they meet health and character requirements. But despite having a pathway to

The post NZ warns that Australia’s backdoor is open appeared first on MacroBusiness.

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MacroBusiness Monday, October 6, 2025 - 11:00 Source

Following May’s election, the nation’s electorate fundamentally changed the requirements to pass legislation through the nation’s upper house. Prior to the election, Labor held 25 senate seats, with the Greens holding 11, giving them 36 votes in a chamber that requires 39 for an unassailable majority. When Parliament sat for the first time post-election, the

The post The Greens hold the power appeared first on MacroBusiness.

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xkcd.com Monday, October 6, 2025 - 11:00 Source

The Nobel Prize in Physiology or Medicine or Home Improvement or DIY

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MacroBusiness Monday, October 6, 2025 - 10:30 Source

The hyper-taut ferrous complex should not be confused with equilibrium. The market is indeed stable, but this is not owing to calm price pressures. Steel demand is stable due to exports. Steel production is far too high on anti-innovation stupidity. This is a market with Godzilla pulling at one end and King Kong at the

The post The shared doom of iron ore and gas appeared first on MacroBusiness.

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MacroBusiness Monday, October 6, 2025 - 10:00 Source

Over the last 35 years, the contribution of manufacturing to Australia’s overall economic activity has declined. While this trend is not unique to us, the reality is that Australia had a much smaller manufacturing base as a percentage of GDP than the average of advanced economies to begin with, making the relative decline all the

The post A vulnerable China leaves Australia exposed appeared first on MacroBusiness.

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MacroBusiness Monday, October 6, 2025 - 09:00 Source

Perfection prevails NDX continues trading inside the perfect trend channel that has been in place since May. Buying the 21 day remains a simple but profitable strategy. We are here Nothing new, but NDX seasonality from here is very strong. SPX +7300 SPX is +14%YTD. Goldman’s Garrett points out: “Only 4 other instances where SPX

The post FOMO Mania Meets AI Nuclear Fever appeared first on MacroBusiness.

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MacroBusiness Monday, October 6, 2025 - 08:00 Source

Real per capita household disposable income is considered the most reliable indicator of individual living standards. According to OECD data, Australia recorded the slowest increase in real per capita household disposable income among major English-speaking countries over the decade ending in the March quarter of 2025. Australia’s real per capita household disposable income increased by

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Your Democracy Monday, October 6, 2025 - 06:56 Source

 

The current European nonentities have replaced titans—flawed, perhaps, but figures with gravitas, charisma, and historical will. There was Merkel, who could take a punch; Macron, young and with the ambitions of a new Napoleon; and even Johnson with his chaotic but distinct style

  

The EU’s House of Cards: How Talentless Pygmalions Are Molding a World Out of Nothingness

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Your Democracy Monday, October 6, 2025 - 06:46 Source

George Orwell completed his most famous novel 1984 in 1948, shortly before his early death at 46. A few years earlier, in a remarkable short 1945 essay, Orwell foresaw a future world order overseen by America, Russia and China.

 

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Your Democracy Monday, October 6, 2025 - 06:00 Source

 

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John Quiggin Monday, October 6, 2025 - 05:27 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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