This week, the Albanese government announced that the permanent migrant intake would remain at 185,000 places in 2025-26, with 132,200 places set aside for ‘skilled migrants’. When the 20,000 humanitarian intake and 3,000 Pacific Engagement Visas are added, Australia’s permanent migrant intake has effectively been set at 208,000. It is important to point out that,
The following chart from Justin Fabo at Antipodean Macro shows that Australia’s productivity growth has lagged other advanced nations since 2018. Wednesday’s Q2 national accounts release confirmed that the nation’s productivity remains stillborn, with non-farm labour productivity rising 0.3% in Q2 but was slightly lower over the year and remained around 2017 levels. While
Overnight saw the USD fall back as the latest jobs opening and Fed Beige Book painted a further slowing picture of the US economy as the Trump regime’s sales taxes, grift and general lack of ability in operating a modern government continue to take a hold. Wall Street liked it nonetheless as did bond markets
The post Macro Morning appeared first on MacroBusiness.
DXY is down. AUD is up, though the trend is a mess. CNY down. Gold to the moon! Metals mixed. Big bear is still in there. EM yawn. Junk still trending better. Whoa! US short-end yields are breaking down, long sticky. Feeding stocks. So much for bond vigilantes. We’ve been JOLTED instead. The number of
The post Australian dollar loves unemployed Americans appeared first on MacroBusiness.
That’s one of the silliest things about the way rightists are always babbling about how we need to protect our way of life from immigrants or Islam or “the trans agenda” or whatever. They’re beginning with the assumption that this train wreck of a society is worth saving at all.
Western Civilization Is Not Worth Saving
Russian presidential aide Yury Ushakov said on Wednesday he hoped US President Donald Trump was joking when he suggested the leaders of Russia, China, and North Korea were “conspiring” against Washington.
The 2025 federal election campaign saw both sides of politics cynically propose policies to pump homebuyer demand and prices. Both sides also explicitly stated that they want to see Australian house prices rise at a ‘sustainable rate’ from already record-high levels. Neither side genuinely wants to “solve” the housing affordability crisis because that would require
The election of Zack Polanski as Green Party leader could be the moment our political drought begins to break.
By George Monbiot, published in the Guardian 3rd September 2025
The purpose of this submission is to respond to the National Electricity Market Wholesale Market Settings Review Draft Report, released in August 2025. The purpose of this submission is to argue that the ad hoc interventions seen so far should be replaced by centralised long-term planning of investment in both generation and transmission.
Asian share markets are seeing a broad selloff as the riskoff mood in the wake of bond sales continues to dominate the marketplace as we await Friday’s NFP print from the US. The USD is lifting slightly after being against a wall of selling against the majors but all eyes on are US Treasuries as
The post Macro Afternoon appeared first on MacroBusiness.
