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MacroBusiness Thursday, July 10, 2025 - 12:30 Source

Since the international borders reopened following the pandemic, a sizable proportion of Australia’s growth has stemmed from two sources: exports and government spending. Given the impact of the war in Ukraine on commodity prices, it’s self-evident that exports would play a major role in the growth of the economy. But there is a surprising factor

The post International students make fake growth appeared first on MacroBusiness.

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MacroBusiness Thursday, July 10, 2025 - 12:05 Source

Tesla has finally, sort of, launched driverless cars. Waymo is doing 250,000 trips per week. Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen look at the big picture for driverless cars and what they mean for investors. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos.

The post MB Fund Podcast: Are Driverless Cars Finally Ready? appeared first on MacroBusiness.

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MacroBusiness Thursday, July 10, 2025 - 12:00 Source

Recently the topic of the total proportion of the population made up by migrants has been making headlines in the United States, Britain and parts of Europe. This prompted quite the level of conversation on social media, so I thought it would be interesting to see where Australia stands both relative to itself historically and

The post Australia’s massive migration driven demographic shift appeared first on MacroBusiness.

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Renew Economy Thursday, July 10, 2025 - 11:40 Source
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MacroBusiness Thursday, July 10, 2025 - 11:30 Source

Goldman with the note. Price data through May provide preliminary evidence on how tariff costs are being divided among foreign exporters, US businesses, and US consumers. Foreign exporters might absorb some of the costs by lowering their export prices to the US, which would show up as lower US import prices. Although aggregate US import

The post How much inflation follows tariffs? appeared first on MacroBusiness.

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Renew Economy Thursday, July 10, 2025 - 11:25 Source
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Renew Economy Thursday, July 10, 2025 - 11:19 Source
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MacroBusiness Thursday, July 10, 2025 - 11:00 Source

What a goose Albo is. He’s put Rudd in Washington to torpedo ANZUS and then used that as an excuse to cuddle up to Beijing. But the bill is coming due. A Trump administration review of the $368 billion AUKUS pact could see the US demand Australia pay more for submarines, The Sydney Morning Herald

The post As Albo grovels in Beijing, Washington sends the bill appeared first on MacroBusiness.

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

The Market Ear with more. Negative asymmetry for equities near-term Goldman’s macro strategists are not buying the summer melt-up thesis and are sounding more cautious than in a while. “We are tactically neutral in our asset allocation (OW cash, N equities/credit/bonds, UW commodities). We still expect a worsening growth/inflation mix in 2H and elevated risk

The post Bad news is good news again. Or is it? appeared first on MacroBusiness.

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MacroBusiness Thursday, July 10, 2025 - 10:00 Source

This is the ship of fools that nearly cut rates 50bps in May, then didn’t cut at all in the following meeting despite an economy that had clearly deteriorated. Chair Michele Bullock is not a macroeconomist. Deputy chair Andrew Hauser is a macroeconomist Marnie Baker AM is not a macroeconomist. Renée Fry-McKibbin is a macroeconomist.

The post The RBA Board’s ship of unqualified fools appeared first on MacroBusiness.

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Renew Economy Thursday, July 10, 2025 - 09:46 Source
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MacroBusiness Thursday, July 10, 2025 - 09:30 Source

DXY is trying to rally. AUD has flamed out despite RBA’s inept monetary policy. Lead boots are going downhill again. Gold is shaky, oil stupid. The copper chaos intensifies. Miners meh. EM meh. Junk up. With yields down. A stalled EUR is rescuing stocks. UBS captures the moment. British pop group Bucks Fizz gained international

The post Australian dollar run over as Bullock drives backwards appeared first on MacroBusiness.

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MacroBusiness Thursday, July 10, 2025 - 09:00 Source

Overnight saw Wall Street rebound on the back of tech stocks with NVIDIA leading the way while broader industrials were dragged along amid the tariff chaos. Its becoming increasingly clear the Trump regime is using the tariff mechanism to browbeat, bully and extort trading “partners” not due to trade imbalances (real or imagined) but as

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Thursday, July 10, 2025 - 08:55 Source

"Dulce et decorum est pro patria mori'*

Is all very well, but I think that before I

Would try it, I'd rather the maxim were amended

Thus-'Patriots are more useful living than when dead.'

 

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Your Democracy Thursday, July 10, 2025 - 07:16 Source

In deciding to hold off on another interest rate cut, the Reserve Bank’s board appears to be waiting to find out what the past was like. Michael Pascoe reports.

I don’t know where to begin with six of the nine RBA board members, the ones who want to wait for another meeting so they can consider what the Bureau of Stats (ABS) will tell them was happening some three months ago. They have no grasp of the present, so forget about the future.

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Your Democracy Thursday, July 10, 2025 - 06:52 Source

Australia is facing the prospect of a Trump administration review demanding it pay more for submarines under the $368 billion AUKUS pact and guarantee the boats support the US in a conflict over Taiwan.

Sources familiar with the review by Trump’s Undersecretary of Defence, Elbridge Colby, believe he intends to urge major changes to the program before Australia can get the nuclear submarines it has been promised.

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Your Democracy Thursday, July 10, 2025 - 05:55 Source

Amid rising global instability, Washington’s aggressive pursuit of nuclear and geopolitical dominance threatens the foundation of multipolarity—and China knows it.

 

Washington Warns Beijing and Its Partners: “The Bomb Will Not Save Multipolarity”

Lama El Horr

 

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Renew Economy Thursday, July 10, 2025 - 03:23 Source
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Your Democracy Wednesday, July 9, 2025 - 21:18 Source

When Russia recognized the Islamic Emirate of Afghanistan last week, it didn’t just open a new embassy – it opened a new geopolitical front. For the first time since the Taliban’s return to power in 2021, a major world player has gone beyond informal contacts and embraced Kabul’s de facto rulers as legitimate partners.

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Renew Economy Wednesday, July 9, 2025 - 17:30 Source
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MacroBusiness Wednesday, July 9, 2025 - 16:00 Source

Most Asian share markets are lifting higher despite a very weak lead from Wall Street, while local stocks are taking a double whammy due to the expected rate cut from the RBA turning into a hold and then the Trump regime’s bullying tariffs on pharmaceuticals. There’s more tariff announcements and letter printing on the way,

The post Macro Afternoon appeared first on MacroBusiness.

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Your Democracy Wednesday, July 9, 2025 - 15:55 Source

The clock is ticking to block Annalena Baerbock’s appointment as President of the 80th United Nations General Assembly.

The UN General Assembly is meant to represent the world’s majority.

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Renew Economy Wednesday, July 9, 2025 - 14:52 Source
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Renew Economy Wednesday, July 9, 2025 - 14:44 Source
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Renew Economy Wednesday, July 9, 2025 - 14:00 Source
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Renew Economy Wednesday, July 9, 2025 - 13:57 Source
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MacroBusiness Wednesday, July 9, 2025 - 13:30 Source

Since the issues facing China’s property sector exploded into mainstream view in 2021, it has been a rollercoaster ride of different perspectives and scenarios on how it will all play out. While the issues faced the Chinese economy have now faded from the headlines, the reality is the risks within the Chinese economy remain significant,

The post China’s economic Titanic about to go under appeared first on MacroBusiness.

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Renew Economy Wednesday, July 9, 2025 - 13:20 Source
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Renew Economy Wednesday, July 9, 2025 - 13:16 Source
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MacroBusiness Wednesday, July 9, 2025 - 13:00 Source

I don’t think gender is relevant to stupidity, but The Australian does. They are the three women ­steering the nation’s economic course, a triumvirate of power not afraid to push back and make tough decisions. …On Tuesday, Treasury secretary Jenny Wilkinson attended her first RBA board meeting, ­replacing former secretary Steven Kennedy and ­shifting the

The post Lady economists drive economy into a ditch appeared first on MacroBusiness.

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