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MacroBusiness Tuesday, April 29, 2025 - 09:00 Source

An uneasy night on Wall Street with minor moves as more earnings reports filter through amid more bluster from the Trump regime about nonexistent Chines tariff negotiations helping push USD lower against most of the majors as Pound Sterling hits a new three year high amid a UK/EU detente on trade. The Canadian Loonie remains

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Tuesday, April 29, 2025 - 08:32 Source
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MacroBusiness Tuesday, April 29, 2025 - 08:00 Source

Last month, Vicki Thomson, the CEO of the elite Group of Eight (Go8) universities, claimed that international education is the nation’s third-largest export. Amid talk of imposing caps on enrolment numbers, Thomson said, “Do not put our third-largest export sector at risk. A $51 billion economy and, more than that, a sector which actually builds

The post International student “exports” are one big lie appeared first on MacroBusiness.

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Your Democracy Tuesday, April 29, 2025 - 07:22 Source

In the lead-up to the Australia election, new research examines the ALP and Coalition messaging and policy on the People’s Republic of China.

 

Elena Collinson

Framing the future: Australia’s China policy in the lead-up to the 2025 election

 

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Your Democracy Tuesday, April 29, 2025 - 06:58 Source

THE IRAQ WAR WAS A MASSIVE DECEPTION WHICH WAS EASY TO UNPICK EXCEPT FOR THE MMMM (MEDIOCRE MASS MEDIA DE MIERDA). THE WAR IN YUCKRAINE IS A MORE COMPLEX DECEPTION WHICH STARTED WAY BACK IN 1917, WHEN THE AMERICAN EMPIRE DECIDED TO DESTROY RUSSIA...

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Your Democracy Tuesday, April 29, 2025 - 06:27 Source

A fleet of retired tanks the Albanese government pledged to Ukraine last year remains stuck in Australia, with defence figures in part blaming resistance from the United States for their delayed transfer.

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Renew Economy Tuesday, April 29, 2025 - 01:05 Source
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MacroBusiness Tuesday, April 29, 2025 - 00:05 Source

I noted recently how Australia’s housing obsession has gradually choked the economy. The Australian Bureau of Statistics (ABS) reported that Australia’s housing stock was valued at a record $11,032.2 billion in 2024, with the average home valued at $976,800. According to CoreLogic’s most recent monthly chart pack, Australia’s housing stock was valued at $11.3 trillion as

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Your Democracy Monday, April 28, 2025 - 20:41 Source

Chancellor-in-waiting Friedrich Merz and his CDU won Germany's election, yet his personal popularity is low — and getting lower. Most Germans don't trust him, not least because of his approach to the far-right AfD.

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Cheeseburger Gothic Monday, April 28, 2025 - 18:02 Source

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MacroBusiness Monday, April 28, 2025 - 17:12 Source

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

The post Macro Afternoon: 29 April 2025 appeared first on MacroBusiness.

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George Monbiot Monday, April 28, 2025 - 17:08 Source

This new legislation is the worst attack on England’s ecosystems in living memory.

By George Monbiot, published in the Guardian  24th April 2025

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Renew Economy Monday, April 28, 2025 - 14:58 Source
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Renew Economy Monday, April 28, 2025 - 14:57 Source
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Renew Economy Monday, April 28, 2025 - 14:53 Source

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Renew Economy Monday, April 28, 2025 - 14:06 Source
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MacroBusiness Monday, April 28, 2025 - 13:30 Source

On Wednesday, the all-important Q1 CPI will be released by the Australian Bureau of Statistics (ABS). CBA expects the policy-relevant trimmed mean CPI to print at 0.6% for the quarter, bringing the annual rate down to 2.8%, within the RBA’s target band. Six-month annualised trimmed mean CPI would also slow to only 2.2%, well within

The post Market tells RBA to cut fast and deep appeared first on MacroBusiness.

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Renew Economy Monday, April 28, 2025 - 13:06 Source
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The Tally Room Monday, April 28, 2025 - 13:04 Source

As increasing numbers of Australians have chosen to vote early, we have now reached a point where the country is split roughly into two halves – one half voting before election day, through pre-poll voting, postal voting and remote booths, and the other half casting their vote on the day. There are also a few small batches of votes that can’t be identified as being cast on election day or before, but nearly everyone falls into one of these two groups.

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MacroBusiness Monday, April 28, 2025 - 13:00 Source

Coalition transport spokesperson Bridget McKenzie floated on Sunday, working with state governments on a road user charge after arguing that tax breaks for electric vehicle (EV) owners are being subsidised by internal combustion engine (ICE) car drivers. “The reality is under the Labor Party, they’re not contributing”, McKenzie told ABC’s Insiders. “The roads are deteriorating

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MacroBusiness Monday, April 28, 2025 - 12:30 Source

Michael Hartnett at BofA. Zeitgeist:“If no recession, equity lows are in, simple; but can’t jump back on bull unless Treasury yields falling below 4%, and earnings growth stays above 5%”, asset allocator. Tale of the Tape: 3Bs of Bonds (fastest 50bps UST jump since May’09), Base (Trump approval drop from 53% to 46%–Chart 3), Billionaires

The post Hartnett: Sell appeared first on MacroBusiness.

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John Quiggin Monday, April 28, 2025 - 12:14 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, April 28, 2025 - 12:00 Source

Debate is raging today about a label that Peter Dutton has applied to the ABC and The Guardian that they are “hate media”. Regular readers will know MB’s frustration with the bias of these outlets when it comes to subjects such as the impacts on Australia of immigration, energy, and foreign relations. I would describe

The post ABC and Guardian are a form of “hate media” appeared first on MacroBusiness.

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Your Democracy Monday, April 28, 2025 - 11:31 Source

As the Kremlin massed troops on Ukraine’s border in early 2022, and the threat of sanctions grew, wealthy Russians began flying crates of cash home — with help from Raiffeisen Bank International, Brink’s and Bank of America.

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MacroBusiness Monday, April 28, 2025 - 11:30 Source

The Australian Bureau of Statistics (ABS) released data last week showing that Victorians are paying the highest state and local taxes in the nation. As illustrated in the table below, state and local government taxes were $6,348 per capita in 2023-24, $654 (11.5%) higher than the state and territory average. Victoria has also experienced a

The post Victorians drown in taxes and debt appeared first on MacroBusiness.

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MacroBusiness Monday, April 28, 2025 - 11:00 Source

Electric vehicles (EVs) receive large subsidies in Australia. First, the Fringe Benefits Tax (FBT) exemption for battery EVs and plug-in hybrids (PHEVs) is estimated to cost the federal budget more than $550 million in lost tax revenue each year. However, the FBT exemption for PHEVs expired on April 1, 2025. According to the FBT exemption

The post Stop subsidising private car purchases appeared first on MacroBusiness.

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Your Democracy Monday, April 28, 2025 - 10:43 Source

 

Boris Johnson rages at Donald Trump's 'capitulation' to Russia - 'Putin will attack again'

Boris Johnson says it is time to take the boot off the neck of the Ukrainians and put the squeeze on Vladimir Putin.

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MacroBusiness Monday, April 28, 2025 - 10:30 Source

The ferrous complex continues to struggle. The one hand, the US/China trade freeze is beginning to bite. On the other hand, Beijing is readying more yawnulus. BofA. Politburo meeting pledged to ready emergency plans The Apr Politburo meeting was held on Apr 25. This was the first meeting after theUS tariff hikes that offered high-level

The post Iron ore meat into trade war sandwich appeared first on MacroBusiness.

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Renew Economy Monday, April 28, 2025 - 10:16 Source
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MacroBusiness Monday, April 28, 2025 - 10:00 Source

Opinion polls continue to collapse on Peter Dutton and the Coalition ahead of Saturday’s federal election. The latest YouGov polling has the Coalition’s primary vote plunging to just 31%, down from 33% last week, with Labor’s primary vote rising 0.5% to 33.5%. The result is the lowest-ever primary vote the Coalition has received, according to

The post Dislikeable Dutton sends Coalition to new low appeared first on MacroBusiness.

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