As almost everyone who can read knows, the Mango Mussolini has inflicted tariffs on numerous countries around the world. However, several of the tariffs have been aimed at places with no trading relationship with the United States., two of which are Heard Island and the McDonald Islands1.
DXY is suddenly a safe haven once more. To describe the 4.57% destruction of the AUD in one day as a lesson in arrogance doesn’t quite say it. Lead boots may be about to become a screaming meteorite of death. Oil is going to hell. When gold sells like this, you know the margin calls
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Donald Trump is trying to slash his nation’s trade deficit. Australians may recognise this task: we tackled it in the late 1980s, failed, and found that it mattered less than we thought.
Hello, US readers! You’ve just started an interesting economic experiment to see whether government policy can change a trade deficit into a trade surplus.
My bet: you will find, just as Australians did, that the answer is “no”. Most people find it hard to think about trade in a very organised way, and end up doing things that have effects they didn’t expect. Effects like recessions..
Peter Dutton’s election campaign is faltering just as momentum should be building, fuelling growing unease inside the Coalition that his abrasive image and perceived ideological closeness to Donald Trump is pushing away the swing voters he needs to win.
X is not real life, but its tentacles slither into the increasingly online landscape that defines real life. It’s not X’s fault; it has merely become an incubator of a trend launched years ago by the 24-hour news cycle. Really, then, much of our modern malaise is the fault of Ted Turner, a man so wise he saw fit to marry Jane Fonda in 1991, well after she had publicly aired her crazy in myriad ways.
Russia will have little difficulty reaching its target of 1.5 million active military personnel, despite the ongoing conflict in Ukraine, NATO’s Supreme Allied Commander in Europe Christopher Cavoli has predicted.
During a US Senate Armed Services Committee hearing on Thursday, the four-star US Army general evaluated Moscow’s ability to enhance its military capabilities.
On Thursday, Australian time, the Trump Administration announced its “Liberation Day” retaliatory tariffs, which impose tariffs of between 10% and 48% on trading partners. This will see the US’ effective tariff rate rise to its highest level in more than a century. The announcement of the tariffs led to heavy falls on global stock markets.
International Reading: Tesla Board Asks Elon Musk to Step Down – Clean technica JD Vance Tells Paycheck-to-Paycheck Americans to Suck Up Tariffs Pain – Daily Beast Republicans are losing faith in Trump rescuing the economy – News Week Layoffs spiked by 205% last month to third-highest ever recorded, fueled by DOGE mass firings – CBS
Lyndon LaRouche (8 September 1922 – 12 February 2019), was an American economist, and political activist who founded various political organizations under the umbrella of what was termed the LaRouche Movement, and the Schiller Institute, founded by his spouse, Helga-Zepp-LaRouche.
Not quite a bath of blood here on Asian markets but there’s been a fair share of volatility as global supply chains are reworked and economists scratch their collective heads wondering where this will all end up. The USD remains under the pump against all the undollars except the Australian while bond markets surge as
The post Macro Afternoon appeared first on MacroBusiness.
The electric car maker Tesla was created by engineers Martin Eberhard and Marc Tarpenning who reputedly sought to make electric cars that were fast and fun to drive. The company was officially incorporated in 20031.
In January 2008, both Eberhard and Tarpenning were forced out of the company at the behest of investor Elon Musk, who subsequently took over as CEO2. Their departure was supposedly because of their inexperience in running such a company.
Momentum in Australia’s housing market has waned following the Reserve Bank of Australia’s (RBA) 0.25% interest rate cut in February. Last weekend’s combined capital city final auction clearance declined to 59.4%, down from 63.2% the prior week and 64.8% over the same week the previous year. The result was also the first time the final