I have some good news and bad news for you, if you’re an Aussie. First, the good news. Your biggest export, iron ore, is managing to hold up despite a crash in Chinese property of cosmic proportions. The bad news? It is killing the planet at record speed. You’ve probably read lots of headlines about
The post Iron ore boom relies on death of the planet appeared first on MacroBusiness.
The AFR is in full panic mode about AI. AI stocks are lifting Wall Street to record highs on what feels like a daily basis, and former Google executive turned author and entrepreneur Mo Gawdat is predicting we are just two years away from a dystopian period that could last about 15 years during which
The post AI is a bogan appeared first on MacroBusiness.
We now have a quiet period following the federal election and the Tasmanian election, and I’m using it as an opportunity to complete my election guides for the elections next in the queue.
The South Australian election guide has already been published for some time, but today I’ve published my Victorian election guide.
The Victorian election will be held in November 2026, so that is 15 months from now.
DXY is still trending up but it’s a struggle. AUD is chopping wood for now. CNY is stalled. Oil and gold meh. Metals meh. Miners bear. EM still OK. Junk too. Yields rose. Stocks eased. No news from the Alaska summit. Societe General has a snapshot of AUD technicals. AUD/USD: UP MOVE LIKELY TO EXTEND
The post Australian dollar falls into the Jackson Hole appeared first on MacroBusiness.
Friday night saw the release of the latest US retail sales numbers with import prices spiking and consumer inflation expectations rising again, getting traders further worried on Wall Street. The USD was on the ropes against all the majors, with oil prices also pushed slightly lower after stalling all week while Treasuries where sold off
The post Macro Morning appeared first on MacroBusiness.
The Australian Bureau of Statistics (ABS) claims that international education is Australia’s fourth largest export, earning the country $51 billion in 2023–24. The ABS calculates this fantastical education “export” figure by summing expenditure by student visa holders on tuition fees and goods and services. In 2024-25, the ABS estimated that $30.2 billion was spent by
Ukraine’s Vladimir Zelensky and several Western European leaders are due in Washington on Monday for talks with US President Donald Trump.
On March 4, 2018, Sergei Skripal, a 66-year-old former Russian intelligence officer turned British defector was allegedly poisoned with Novichok nerve agent in Salisbury, England, along with his 33-year-old daughter Yulia.
The Trump-Putin encounter in Anchorage has angered some, disappointed others and baffled many more. Yet it has told us much about the state of the war in Ukraine, and the obstacles to the ending of hostilities.
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.
The Republican budget measure that U.S. President Donald Trump signed into law ... contains a provision that analysts say will allow private jet owners to write off the full cost of their aircraft in the first year of purchase, a boon to the ultra-rich that comes as millions of people are set to lose healthcare under the same legislation.
A major reason for the decline in Australia’s productivity and living standards is that Australia has grown its population rapidly via mass immigration (i.e., 8.7 million population increase this century, the fastest in the advanced world) but has failed to provide the extra workers with extra tools, machinery, and technology; extra homes for the millions