Blogotariat

It was never a boom in the traditional sense. It was a fiscal stimulus into bedpan jobs, and it has ended. Owing to a far too slow RBA, the private sector is not well-positioned to pick up the slack. The NAB business survey is still consistent with weak hiring intentions. More from Goldman. Today’s update

The post Australia’s jobs boom is going bust appeared first on MacroBusiness.

Victoria is the nation’s most indebted state with the lowest credit rating. Global rating agencies have reaffirmed Victoria’s AA credit rating, although the state government has been put on notice to reduce debt, rein in operating costs, and show fiscal restraint ahead of the November 2026 election. On Wednesday, the Victorian Department of Treasury and

The post Victoria is headed toward a financial crisis appeared first on MacroBusiness.

US President Donald Trump said on Wednesday that he had authorized the CIA to conduct covert operations in Venezuela.

Australians have endured the biggest decline in real wages in history. As of the June quarter of 2025, Australian real wages were still tracking 6.0% below their June 2020 level, at roughly the same level as December 2011. The Reserve Bank of Australia’s (RBA) Assistant governor and chief economist Sarah Hunter warned that Australia’s sagging

The post RBA: Australians face low wage future appeared first on MacroBusiness.

Chinese inflation remains bogged. The CPI fell MoM and is going nowhere YoY. PPI is similar. As anti-involution weighs on domestic demand, I expect prices to keep falling. The real problem is unresolved. The black hole of real estate. Golden Week needs to be renamed something less auspicious. New property sales are down again for

The post Chinese deflation is for ever now appeared first on MacroBusiness.

The unexpected visit of Syrian President Ahmed al-Sharaa — formerly known as the leader of Hayat Tahrir al-Sham*, a group once fighting against Russian forces — to Moscow has raised eyebrows across diplomatic circles. Many observers now question why the Kremlin chose to host a figure who only recently appeared on international terrorist lists and fought against Russian-backed troops in Syria.

Trade war tensions are keeping most risk markets contained but not in selling mode as Wall Street lifted again despite sentiment around the US economy as the latest Biege Book from the Fed was released overnight. The USD continues to decline as Fed members are still broadcasting a softer economy, particularly labour markets as ICE

The post Macro Morning appeared first on MacroBusiness.

Yesterday the Government made some key changes to its superannuation tax scheme, after struggling to get the plan through the Senate. Paul Keating says the changes restore confidence in the retirement savings system.

Paul Keating

Keating welcomes changes to taxation of super

As he boarded the night train to Ukraine, Boris Johnson had the usual entourage of aides and bodyguards – plus the man who had given him £1m.

Alongside the genocide, the Israeli government is destroying the ecosystems of Gaza, perhaps permanently.

By George Monbiot, published in the Guardian 27th September 2025

A landless people and a peopleless land: these, it appears, are the aims of the Israeli government in Gaza. There are two means by which they are achieved. The first is the mass killing and expulsion of the Palestinians. The second is rendering the land uninhabitable. Alongside the crime of genocide, another great horror unfolds: ecocide.

The mainstream media, with a few exceptions, is a single-issue lobby group, whose purpose is to assert the rights of capital.

By George Monbiot, published in the Guardian  20th September 2025