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xkcd.com Wednesday, April 23, 2025 - 10:00 Source

After initial tests created a series of large holes in the wall of the lab, the higher-power Scanning Tunneling Tennis Ball Microscope project was quickly shut down.

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MacroBusiness Wednesday, April 23, 2025 - 09:30 Source

DXY finds a footing. AUD rocket flamed out. Lead boots going nowhere. Gold flame out, oil stable. Copper is a lunatic. Miners still stuffed. EM going nowhere forever now. Junk not priced for recession yet. Yields still tending to rise. Stock chop. Everybody is selling the whimpering greenback. More than stocks. Way more than yields.

The post Australian dollar jaws open wide appeared first on MacroBusiness.

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Your Democracy Wednesday, April 23, 2025 - 09:20 Source

The greenback has hit a three-year low while gold soars past $3,500 per ounce. Things aren’t looking good, experts say.

Trump, Tariffs and Trust: The dollar's slide "reflects Trump’s meddling in Fed policy via tariffs and eroding trust in the US financial system,” Paul Goncharoff, financial analyst and general director of Goncharoff LLC, tells Sputnik.

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MacroBusiness Wednesday, April 23, 2025 - 09:00 Source

Risk sentiment reversed its decline overnight mainly due to some off the cuff comments from the Trump regime’s Treasury Secretary about an “imminent” deal with China, which were since walked back but this sent a signal to buy USD and US stocks which saw Wall Street take back most of its recent session falls to

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Wednesday, April 23, 2025 - 08:58 Source
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Cheeseburger Gothic Wednesday, April 23, 2025 - 08:23 Source

I found this in my iPhone's reminder app this morning. I have no memory of making it, but it seems like a pretty good plan for the workday.

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Your Democracy Wednesday, April 23, 2025 - 08:04 Source

 

This week, newspapers around the world received reports and signed documents from South Africa. The reports said that, in 1975, Israel agreed to sell South Africa nuclear weapons. South Africa then released an arms agreement signed by current Israeli President Shimon Peres. This is the document “heard round the world.”

 

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The Tally Room Wednesday, April 23, 2025 - 07:00 Source

Ben is joined by Jill Sheppard and Emily Foley to discuss the long-term trend of the major parties losing primary votes: what is causing the trend, how it might play out in 2025 and whether they can do anything to reverse the trend. The seat of the week is Bruce in south-eastern Melbourne.

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Your Democracy Wednesday, April 23, 2025 - 06:56 Source

Teals and Greens are under political attack from a new pro-fossil fuel, pro-Israel astroturfing group, adding to the onslaught by far-right lobbyists Advance Australia. Wendy Bacon and Yaakov Aharon with the story.

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Renew Economy Wednesday, April 23, 2025 - 06:34 Source
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Renew Economy Wednesday, April 23, 2025 - 06:30 Source
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Renew Economy Wednesday, April 23, 2025 - 06:25 Source

climate change protest signage ipcc report science - mazengarb - optimised

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Your Democracy Wednesday, April 23, 2025 - 06:00 Source

 

Washington has set tariffs of up to 3,521% on solar imports from Southeast Asia, according to information published by the US Department of Commerce on Monday. 

The hikes follow allegations that Chinese-owned manufacturers operating in the region had violated trade rules.

The tariffs target imports from Malaysia, Cambodia, Thailand, and Vietnam, countries that collectively supplied over $12.9 billion in solar equipment to the US last year, according to Bloomberg.

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Your Democracy Wednesday, April 23, 2025 - 05:27 Source

When a great man and leader of the Roman-Catholic Church – and beyond it – like Pope Francis dies, it may seem almost impious to speak or write about politics. But in his case, we know for certain that it simply means doing what he told us to do.

 

Pope Francis was a great man who committed one terrible failure in the endThe late Catholic leader was humble and always supported the abused and the downtrodden – except in one very sad case...

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MacroBusiness Wednesday, April 23, 2025 - 00:10 Source

The latest monthly permanent and long-term arrivals data from the Australian Bureau of Statistics (ABS) showed that 155,000 net permanent and long-term arrivals landed in Australia in January and February 2025. This was the second-highest number on record and only a smidgen below last year’s record of 161,000 for the same period. The following chart

The post ABC rolls out the housing liars appeared first on MacroBusiness.

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Your Democracy Tuesday, April 22, 2025 - 21:17 Source

China has concentration camps now. Why do Westerners claim our sins are unique?

It is now in vogue to celebrate non-Western cultures and disparage Western ones. Some of this is a much-needed reckoning, but much of it fatally undermines the very things that created the greatest, most humane civilization in the world.

 

The War on the West Hardcover – April 26, 2022

by Douglas Murray (Author)

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MacroBusiness Tuesday, April 22, 2025 - 16:47 Source

Sunset Connewarre   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: 22 April 2025 appeared first on MacroBusiness.

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Renew Economy Tuesday, April 22, 2025 - 16:25 Source
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Renew Economy Tuesday, April 22, 2025 - 16:23 Source
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MacroBusiness Tuesday, April 22, 2025 - 13:30 Source

Electric vehicles (EVs) are massively subsidised in Australia. First, more than $550 million of tax revenue is estimated to be lost annually due to the Fringe Benefits Tax (FBT) exemption for battery EVs and plug-in hybrids (PHEVs); however, the FBT exemptions for PHEVs ended on 1 April 2025. Under the FBT exemption policy, somebody who

The post EV tax lurks worsen budget deficit appeared first on MacroBusiness.

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Renew Economy Tuesday, April 22, 2025 - 13:24 Source
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Renew Economy Tuesday, April 22, 2025 - 13:09 Source
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Renew Economy Tuesday, April 22, 2025 - 13:04 Source

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Renew Economy Tuesday, April 22, 2025 - 13:02 Source
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MacroBusiness Tuesday, April 22, 2025 - 13:00 Source

CoreLogic’s latest monthly chart pack estimated that the value of Australia’s housing stock hit a record high of $11.3 trillion in March, spread across 11.3 million dwellings. This meant that the average value of an Australian home hit $1 million for the first time. Last week, Domain released its house price results for the March

The post Another housing market joins the million dollar club appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 22, 2025 - 12:30 Source

According to the Australian Bureau of Statistics’ (ABS) annual state accounts, Victoria’s per capita GDP fell by 1.2% in 2023-04 and has only risen by 10.4% since the Global Financial Crisis (GFC) of 2008. Victoria’s performance compares poorly against the 1.0% national decline in per capita GDP in 2023-24 and the 14.5% increase recorded since

The post Victoria drives into productivity slow lane appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 22, 2025 - 12:00 Source

I have read some poor housing analyses in my time, but few are as awful as the Daily Telegraph’s Taylor Troeth, who blamed “stubborn empty nesters” for fueling NSW’s housing crisis. Troeth cites research from Australian Seniors showing that two-thirds of empty nesters in NSW “were still living in large family homes with no plans

The post Australia’s media finds a new housing scapegoat appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 22, 2025 - 11:30 Source

Albert Edwards of Societe Generale famously coined the phrase “Ice Age” for the period leading up to and after the GFC. The Ice Age thesis was based on the notion that immensely deflationary forces would emanate from a balance sheet recession taking hold in developed economies.  Now Edwards sees the same coming from and for

The post Deflation tsunami sweeps towards Australia appeared first on MacroBusiness.

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Your Democracy Tuesday, April 22, 2025 - 11:12 Source

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MacroBusiness Tuesday, April 22, 2025 - 11:00 Source

If it wins the upcoming federal election, the Dutton-led Coalition will commit to implementing a gas reservation policy covering Australia’s East Coast. Under the Coalition’s policy, uncontracted gas sold on the spot market must be reserved for domestic use. The Coalition would force companies to supply the gas domestically by imposing a levy on gas

The post Even the left backs Coalition’s gas reservation appeared first on MacroBusiness.

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