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Renew Economy Thursday, October 30, 2025 - 13:22 Source
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MacroBusiness Thursday, October 30, 2025 - 13:00 Source

Victoria disease finally has a cure. The state will assist you in shuffling off this mortal coil. Voluntary assisted dying reform has passed the lower house of the Victorian Parliament to applause and embrace. Labor and the Coalition both granted their members a conscience vote. It gave MPs the rare chance to offer – and

The post Finally, a way out of Victoria appeared first on MacroBusiness.

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Renew Economy Thursday, October 30, 2025 - 12:37 Source
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MacroBusiness Thursday, October 30, 2025 - 12:30 Source

Japan and Korea know how to play the king. Anything Japan can do, South Korea can do better? A day after Japanese Prime Minister Sanae Takaichi laid on the flattery during US President Donald Trump’s visit to Tokyo, South Korean President Lee Jae Myung welcomed him by presenting him with a golden crown. The Korean

The post Korea gives Trump crown, we give him Rudd appeared first on MacroBusiness.

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MacroBusiness Thursday, October 30, 2025 - 12:00 Source

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, explores why corporate earnings have remained surprisingly resilient—from pricing power and higher-margin business models to cost discipline and selective AI-driven productivity—and tests how long those supports can hold as wage growth, refinancing costs, and capex pressures build. Join us on Today, LIVE at 12:30

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MacroBusiness Thursday, October 30, 2025 - 11:30 Source

Sometimes markets are nothing more than denial machines. Iron ore prices are clearly bullish and set for a breakout. The basis of this could not be thinner. The price of 62% Fe grade iron ore fines from Australia delivered to China increased by US$0.80 to US$106.25. The rise was primarily driven by better market sentiment

The post Iron ore roars into glut appeared first on MacroBusiness.

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MacroBusiness Thursday, October 30, 2025 - 11:00 Source

Australia’s housing market is turning subprime. The proof is everywhere. For more than a decade, the Australian Prudential Regulatory Authority (APRA) flagged high loan-to-valuation ratio (LVR) mortgages as a key risk area. For example, in December 2014, APRA released guidance stating that “ADIs should not undertake large volumes of, or increase their share of, higher-risk

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MacroBusiness Thursday, October 30, 2025 - 10:30 Source

Economists at one of Canada’s largest banks, Toronto-Dominion Bank, published a report assessing the impacts of the Canadian government’s “population freeze”, which aims to alleviate pressures on the nation’s economic and social infrastructure. Last year, the government introduced an immigration plan to right-size non-permanent residents (NPRs) and permanent resident (PR) targets to allow for some

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MacroBusiness Thursday, October 30, 2025 - 10:00 Source

For a government so intent on staying in power, versus making good policy, the neglect of energy markets has come to define it. The great Alboflation of 2022/23 was mostly via energy costs. The government massaged its way out of that by plundering taxpayers to provide rebates to taxpayers, a classic bait and switch. But

The post Gas cartel grinch eats your Xmas rate cut appeared first on MacroBusiness.

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Renew Economy Thursday, October 30, 2025 - 09:38 Source
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MacroBusiness Thursday, October 30, 2025 - 09:30 Source

The Market Ear on robots running wild for tech stocks. Perfection prevails NASDAQ extending the squeeze, approaching the upper part of the channel as RSI trades above 70 again. We are in overbought land again, but as we all know, things tend to stay in overbought/sold territory for longer than most think possible. Source: LSEG

The post Robtos run wild for AI appeared first on MacroBusiness.

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MacroBusiness Thursday, October 30, 2025 - 09:00 Source

Risk markets fell back overnight as the long expected cut from the Federal Reserve was followed by a lot of cautionary talk by Chair Powell, indicating that this may well be the last cut for awhile as the push through effect of tariffs on inflation might stall further cuts. Wall Street flopped back while the

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Thursday, October 30, 2025 - 08:58 Source

Even as Donald Trump crisscrosses the globe, bringing his purported peacemaking skills to parts of the world that did not even know they were at war, his administration has openly been preparing for militarised regime change in Venezuela. Neighbouring Colombia too isn’t safe.

 

Mahir Ali

Gunboat hypocrisy in the Caribbean

 

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MacroBusiness Thursday, October 30, 2025 - 08:48 Source

DXY won’t go away. AUD pumped and dumped. Still running on the spot. CNY up! Gold and oil yuck. AI metals don’t care. RIO going parabolic. EM wants ATH, Tough with DXY. Junk rejection is a warning. As yields jackknifed on a not dovish enough Fed. AI doesn’t care. The Fed is confused. In support

The post Fed kicks Australian dollar dog appeared first on MacroBusiness.

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MacroBusiness Thursday, October 30, 2025 - 08:30 Source

For months, I have argued that Australia’s job market is far weaker than it appears. Government-funded non-market jobs, particularly the expansion of the NDIS, have artificially propped up the job market. The following chart from Justin Fabo at Antipodean Macro shows that government spending on “social protection”, which encompasses social security, welfare, and disability supports,

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Your Democracy Thursday, October 30, 2025 - 08:26 Source

“Keeping perspective” is Michael Pascoe’s mantra. He writes that AI mania has not just warped perspective, it risks blowing up reality.

Over more decades than I care to count of market watching and reporting, I haven’t seen a time when there’s been more wide-spread conviction that we’re experiencing a dangerous bubble that’s sure to pop, yet the money keeps pouring in to inflate it. 

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Renew Economy Thursday, October 30, 2025 - 08:16 Source
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Your Democracy Thursday, October 30, 2025 - 06:47 Source

What makes a life virtuous? The answer might seem simple: virtuous actions – actions that align with morality.

But life is more than doing. Frequently, we just think. We observe and spectate; meditate and contemplate. Life often unfolds in our heads.

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Your Democracy Thursday, October 30, 2025 - 05:45 Source

WHEN I WAS SIXTEEN, a hundred years ago

CUM SEDECIM ANNOS ERIM, ante centum annos

I wondered about men having tits

De viris uberibus cogitabam

To feed the kids when women were hunting

Ad liberos pascendos cum feminae venantur

And women speaking in a manly voice

Et mulieribus voce virili loquentibus

Rather than this grinding pitchy

Potius quam hac stridula 

Which turns songs into screams

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Renew Economy Thursday, October 30, 2025 - 00:13 Source
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MacroBusiness Thursday, October 30, 2025 - 00:05 Source

Wednesday’s CPI shocker, which saw annual trimmed mean inflation jump by 1.0% and 3.0% year-on-year, has shut the door on near-term interest rate cuts. As illustrated below by Justin Fabo from Antipodean Macro, the Reserve Bank of Australia (RBA) was looking for trimmed mean inflation of 2.6% at the end of 2025. To achieve this

The post No more rate cuts! appeared first on MacroBusiness.

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Your Democracy Wednesday, October 29, 2025 - 22:09 Source

Climate change is serious, but we’ve made great progress. We need to keep backing the breakthroughs that will help the world reach zero emissions.

But we can’t cut funding for health and development—programs that help people stay resilient in the face of climate change—to do it.

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Renew Economy Wednesday, October 29, 2025 - 21:27 Source
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Your Democracy Wednesday, October 29, 2025 - 18:08 Source

 

“Your mom” has become the accidental protagonist of October 2025. Once a throwaway line in online debates, she now features in exchanges at the highest levels of American politics. The unlikely transformation began with S.V. Date, a journalist from the HuffPost, who repeatedly tried to ask the Trump administration difficult questions. Each time, he was met not with answers but with taunts – and, eventually, jokes about his mother.

 

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MacroBusiness Wednesday, October 29, 2025 - 16:30 Source

Looks like everyone but the Fed is going to raise interest rates soon with the latest local inflation figures surging and cutting all chances of a cut from the RBA in its November meeting while it seems the BOJ is also likely to start raising rates going into 2026. Asian share markets are somewhat mixed

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Wednesday, October 29, 2025 - 15:18 Source
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Renew Economy Wednesday, October 29, 2025 - 14:46 Source
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MacroBusiness Wednesday, October 29, 2025 - 14:00 Source

A recent examination of freedom of information (FOI) requests called into question the Albanese government’s commitment to transparency. The Centre for Public Integrity, an independent research institute, discovered that 24% of FOI requests were denied during Labor’s first term in office. In comparison, the proportion of applications denied fluctuated between 10% and 18% during the

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Renew Economy Wednesday, October 29, 2025 - 13:35 Source
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MacroBusiness Wednesday, October 29, 2025 - 13:30 Source

The Economist does not like Donald Trump and is enjoying his polling. Last week Steve Bannon told our editors that Donald Trump would serve an unconstitutional third term. On Monday Mr Trump said, “I would love to do it—I have the best numbers ever.” We have an update on those numbers. They’re not the best

The post Beware the Trump dump appeared first on MacroBusiness.

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