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Your Democracy
Monday, February 3, 2025 - 21:52
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As a tsunami of crocodile tears engulfs Western politicians, history is suppressed. More than a generation ago, Afghanistan won its freedom, which the United States, Britain and their “allies” destroyed. |
Renew Economy
Monday, February 3, 2025 - 20:44
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Renew Economy
Monday, February 3, 2025 - 20:07
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Your Democracy
Monday, February 3, 2025 - 18:37
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French PM Bayrou says will force through contentious budget without a vote
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MacroBusiness
Monday, February 3, 2025 - 17:00
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Mind the gap! The new trade war over the weekend, which is set to escalate further as the world pushes back at the Bully-in-Chief sent, well everything risk associated lower with Asian stock markets the first casualties. Currency markets all experienced wide 100-200 pip gaps on the open this morning as the USD soared against The post Macro Afternoon appeared first on MacroBusiness. |
Your Democracy
Monday, February 3, 2025 - 16:50
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China will file a lawsuit at the World Trade Organization (WTO) and take other retaliatory measures against US President Donald Trump’s new tariffs on its goods, the Commerce Ministry said in a statement on Sunday. According to the statement, Beijing sees Washington’s unilateral tariff increase as “seriously violating” WTO rules. |
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Renew Economy
Monday, February 3, 2025 - 15:25
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Renew Economy
Monday, February 3, 2025 - 15:10
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MacroBusiness
Monday, February 3, 2025 - 14:00
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Deutsche with the note. First, we consider the announcements to be at the most hawkish end of the protectionist spectrum we could have envisaged. The speed of implementation (Tuesday 12:01am EST), the scope (all goods are covered, including small parcel goods previously exempted) and the breadth (approximately 44% of total US imports) are all aggressive. It The post Tariff doomsday appeared first on MacroBusiness. |
Renew Economy
Monday, February 3, 2025 - 14:00
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Renew Economy
Monday, February 3, 2025 - 13:35
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MacroBusiness
Monday, February 3, 2025 - 13:30
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The Market Ear with the latest update on equity internals. That was quick SPX approaching range highs soon. Monday’s intraday lows actually touched the 100 day… Refinitiv Vulnerable shorts 1. Post-Monday’s AI selloff, long positions have become cleaner as “risky” longs were sold. 2. Monday saw the highest net selling since September 2024, driven by The post Will tariffs blow up stocks? appeared first on MacroBusiness. |
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Renew Economy
Monday, February 3, 2025 - 13:28
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Renew Economy
Monday, February 3, 2025 - 13:00
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MacroBusiness
Monday, February 3, 2025 - 13:00
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CoreLogic data shows that national rental affordability hit an all-time low at the end of 2024, with 33% of median household income spent on the national median rent. According to CoreLogic, this followed a 37% increase in asking rents over the past five years, whereas PropTrack reported a 47% increase in rents over the same The post Sydney and Melbourne rents fall appeared first on MacroBusiness. |
Renew Economy
Monday, February 3, 2025 - 12:50
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MacroBusiness
Monday, February 3, 2025 - 12:30
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This is not a debate. It is propaganda from both sides. Opposition Leader Peter Dutton has claimed his nuclear energy policy would cut power bills by 44 per cent, but analysis by the renewables sector warns it could actually drive up electricity costs by more than $1000 a year for millions of Australians with rooftop The post Renewables or nuclear will blow up electricity prices appeared first on MacroBusiness. |
MacroBusiness
Monday, February 3, 2025 - 12:00
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They say that the fish rots from the head, and there is no better example than Michael Stutchbury and the AFR. The decomposing marine skull is no longer the editor, but he still writes biased drivel. This week’s CPI reading showing annual underlying inflation easing to 3.2 per cent in the last three months of 2024 suggests The post Rotten fish head pressures RBA to hold appeared first on MacroBusiness. |
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MacroBusiness
Monday, February 3, 2025 - 11:30
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The Australian dollar has gapped into madness this morning following El Trumpo tariffs. DXY to the moon! AUD positioning is very short but not extremely so. Likewise the DXY long. If Canada, Mexico or China respond in kind, this is going to go nuclear. The post Australian dollar gaps into madness appeared first on MacroBusiness. |
MacroBusiness
Monday, February 3, 2025 - 11:00
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Victoria’s net debt is the worst in the nation, with the state having the lowest credit rating. The “ruinously expensive” Suburban Loop Project (SRL) risks worsening the debt situation. The independent Parliamentary Budget Office (PBO) projected that the cost to build and run all three planned stages of the SRL would cost more than $200 The post Victorian taxpayers railroaded again appeared first on MacroBusiness. |
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xkcd.com
Monday, February 3, 2025 - 11:00
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MacroBusiness
Monday, February 3, 2025 - 10:30
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Goldman with the note. BOTTOM LINE: President Trump signed executive orders that impose tariffs on imports from Mexico, Canada, and China effective Feb. 4. The White House has conditioned removal of the tariffs on improvement in the immigration and fentanyl situations but has not provided specific goals. While the outlook is unclear, we thinkthe Canada- The post Trump tariffs in detail appeared first on MacroBusiness. |
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MacroBusiness
Monday, February 3, 2025 - 10:00
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Peter Dutton is showing that the Coalition also cannot be trusted on immigration. After promising heavy cuts to net overseas migration last year, the Coalition’s election statement on immigration has only promised to cut the permanent migrant intake by 25% for two years and offered no target for temporary or net overseas migration. The Coalition’s The post Coalition to re-launch money laundering visas appeared first on MacroBusiness. |
MacroBusiness
Monday, February 3, 2025 - 09:30
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Albo has been a catastrophe for Aussie living standards. His lies are outrageous. The prime minister acknowledged the tough financial circumstances of the past three years, underpinned by high inflation and interest rates, but he indicated that the worst was over, the nation was at “the beginning of where we want to be”, and more The post Incredibly, Dutton is a worse economic manager than Albo appeared first on MacroBusiness. |
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MacroBusiness
Monday, February 3, 2025 - 09:00
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You get a trade war – you get a trade war – we all get a trade war! Well, not Australia directly yet but as a satellite of Chyna, it matters not as the Trump wrecking ball through the international economic order yielded a serious blow over the weekend as both Canada and Mexico stepped The post Macro Morning appeared first on MacroBusiness. |
Your Democracy
Monday, February 3, 2025 - 08:54
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As campaigning ramps up ahead of the date announcement for the 2025 federal election, shadow attorney-general Michaelia Cash says Opposition Leader Peter Dutton would take action in the same manner as US President Donald Trump. Answering a question on Nine’s Today this morning, Cash said Trump was showing that “he’s a man of action” by delivering his promised tariffs on Canada, Mexico and China.
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Your Democracy
Monday, February 3, 2025 - 08:50
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In 2024, member states collectively spent an average of 1.9% of GDP on defence, while Russia was spending 9%, Kaja Kallas told the audience of the European Defence Agency annual conference on Monday. The European Union must boost its defence spending to "prepare for the worst" and be able to defend itself "alone if needed" against a belligerent Russia, the EU's top diplomat Kaja Kallas said on Wednesday. |
John Quiggin
Monday, February 3, 2025 - 08:35
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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, February 3, 2025 - 08:23
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What do Ronald Reagan, Margaret Thatcher and John Howard have in common with the Piltdown Man? They all managed to sell a hoax that lasted for decades, before it was exposed as completely false. But wait, their hoax is still central to transglobal neoliberal capitalism’s stranglehold on us all, whereas Charles Dawson’s 1912 forged ‘missing link’ skull from East Sussex became a lesson in how dangerous it is to let preconceptions override evidence.
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MacroBusiness
Monday, February 3, 2025 - 08:00
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The following video, which is making the rounds on Twitter (X), features opposition leader Peter Dutton explaining how he “saved diligently” to buy his first house in Brisbane at the age of 19. “I have saved diligently over those years and it allowed me to put together a deposit for a house. And I bought The post Politicians should never lecture on housing affordability appeared first on MacroBusiness. |
French Prime Minister François Bayrou has warned that he will use special executive powers to force his government’s contentious 2025 budget through parliament without a vote – a move that is certain to trigger a no-confidence motion...
