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MacroBusiness
Monday, October 6, 2025 - 10:30
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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. |
MacroBusiness
Monday, October 6, 2025 - 10:00
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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
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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. |
MacroBusiness
Monday, October 6, 2025 - 08:00
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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
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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 |
Your Democracy
Monday, October 6, 2025 - 06:46
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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
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John Quiggin
Monday, October 6, 2025 - 05:27
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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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Your Democracy
Monday, October 6, 2025 - 01:15
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The Church of England has appointed its first female Archbishop of Canterbury, ending 1,400 years of male leadership. Former top British nurse, Sarah Mullally, was installed as the confession’s highest-ranking clergy by a church synod on Friday. Though female priests were first ordained in 1994, women were not permitted to take senior posts until 2014, a reform that followed years of internal schisms and debates within the Church. |
MacroBusiness
Monday, October 6, 2025 - 00:05
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Last week was an unmitigated disaster for Australian housing affordability. On Tuesday, the Australian Bureau of Statistics (ABS) released data on dwelling approvals, which showed that the number of homes approved for construction is falling badly behind the government’s target to build 1.2 million homes over five years, which requires 240,000 homes to be built The post The week housing affordability died appeared first on MacroBusiness. |
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The Australian Independent Media Network
Sunday, October 5, 2025 - 16:44
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Rupert Murdoch built more than a media empire. He built a cathedral of grievance where facts die on the altar and paranoia pays the rent. [...] The post A Cathedral of Grievance: How Murdoch Built The Monster He Can No Longer Control appeared first on The AIM Network. |
MacroBusiness
Sunday, October 5, 2025 - 15:59
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By Trent Saunders, economist at CBA The RBA left the cash rate on hold at 3.60%, as expected, but the accompanying statement carried a more hawkish tone. We crystallised some of the upside risk to inflation in our forecasts this week, upgrading our estimate for trimmed-mean inflation in Q3 from 0.7% to 0.8%/qtr. This uplift The post The economic week ahead appeared first on MacroBusiness. |
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Your Democracy
Sunday, October 5, 2025 - 07:41
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Monetary power and public debt BY Thomas Erpé
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Your Democracy
Sunday, October 5, 2025 - 04:33
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Given his behaviour, it could very well be that the president of the United States is going nuts. Over the weekend, on his Truth Social, Trump shared a video purporting to be a segment on Fox News — it wasn’t — in which an AI-generated, deep-faked version of himself sat in the White House and promised that “every American will soon receive their own MedBed card” that will grant them access to new “MedBed hospitals.” What?
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Your Democracy
Sunday, October 5, 2025 - 03:22
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Civilisation is under attack from Australian doctors, warns pro-Israel psychiatrist Doron Samuell. Royal Children’s Hospital agrees. Wendy Bacon and Stephanie Tran investigate. |
Your Democracy
Saturday, October 4, 2025 - 19:19
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THE BLOT REPORT
Saturday, October 4, 2025 - 11:23
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Before and during the First World War, members of the German armed forces had sworn an oath of allegiance to the Kaiser. This changed after Germany’s defeat, and the establishment of a democratic Weimar Republic. Not only did the political leaders of the new Weimar Republic seek to democratise the military by changing its social makeup but also by changing the oath of allegiance. The new oath required soldiers to swear loyalty to the Constitution and its institutions, rather than to any individual. However, for many career soldiers, the idea of swearing an oath to a constitution was alien1. |
Renew Economy
Saturday, October 4, 2025 - 08:28
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Your Democracy
Saturday, October 4, 2025 - 05:55
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The Trump Plan is designed to reframe the issues in favour of Israel. Palestinians have been betrayed again. The indicted war criminal Netanyahu has got what he wants. The felon, Trump, so eager for a Nobel Peace Prize, has obliged him. Tony Blair’s involvement suggests satire rather than diplomacy.
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Your Democracy
Saturday, October 4, 2025 - 05:25
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Russian president Vladimir Putin used his address at the Valdai forum on Thursday to issue a challenge: Western liberal societies are crumbling, convulsing in moral chaos, and Russia is emerging as a sanctuary of tradition. He warned of “gender terrorism” driving Europeans toward Russia, and spotlighted the televised killing of conservative American voice Charlie Kirk as evidence of the West’s internal collapse.
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MacroBusiness
Saturday, October 4, 2025 - 00:10
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If you want bona fide proof that the Australian Treasury has become a propaganda arm of the federal government, look no further than its modelling of the impact of Labor’s 5% deposit scheme for first home buyers. Under Labor’s First Home Guarantee scheme, which came into effect on Wednesday, almost all first home buyers can The post Australian house prices are rigged to blow appeared first on MacroBusiness. |
MacroBusiness
Saturday, October 4, 2025 - 00:05
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International Reading: Trump Cuts Funding to 16 Blue States That Didn’t Vote for Him – New Republic Israel is paying influencers $7,000 per post – Responsible State Craft US home sales falling through as buyers get ‘cold feet’ – News Week The US economy lost 32,000 private-sector jobs in September – CNN Student-Loan Debt Is The post Weekend reading and MB media appearances appeared first on MacroBusiness. |
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Your Democracy
Friday, October 3, 2025 - 17:33
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Ladies and gentlemen, journalists and news watchers of the Western world, lend me your biased ear….
I have a question for you. Why do you hate Russia? YOU HATE RUSSIA, DON’T YOU? Putin?… What’s not to hate about invading a neighbouring country and killing many people, you might say for starters…
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MacroBusiness
Friday, October 3, 2025 - 15:33
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Big sky from the Beeac Cressy Road, Western Districts, Victoria AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 The post Macro Afternoon: 3 October 2025 appeared first on MacroBusiness. |
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Renew Economy
Friday, October 3, 2025 - 14:37
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Renew Economy
Friday, October 3, 2025 - 14:29
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MacroBusiness
Friday, October 3, 2025 - 14:00
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The Reserve Bank of New Zealand has cut the official cash rate (OCR) by 2.50% from its July 2024 peak of 5.50%: The decline in the OCR has delivered a sharp reduction in mortgage rates: Typically, such a significant reduction in mortgage rates would be associated with a sharp appreciation of home values, given improved The post Listings deluge sinks New Zealand house prices appeared first on MacroBusiness. |
Renew Economy
Friday, October 3, 2025 - 13:50
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MacroBusiness
Friday, October 3, 2025 - 13:00
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Last week, the Business Council of Australia (BCA) warned of the potential economic consequences of the Victorian government’s proposal to introduce a legislated right to work from home for at least two days a week. The BCA has used its submission to an inquiry into the proposal to contend that employers are likely to respond The post Melbourne the king of ‘work-from-home’ appeared first on MacroBusiness. |
Renew Economy
Friday, October 3, 2025 - 12:50
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As a private citizen, I have long sought to understand how finance has imposed its influence on the States themselves. I discovered, by consulting the most eminent economists, that the answer, far from being complicated, is quite simple, as described by Michael Hudson, an American economist, considered by his peers to be one of the greatest in the world....
