By Lucinda Jerogin, Associate Economist at CBA The unemployment rate ticked up to 4.5% in September. The Minutes from the September RBA Monetary Policy Board Meeting and several RBA speeches this week reinforced the more hawkish tone struck in the Statement and accompanying press conference. The CommBank Household Spending Insights Index recorded its seventh consecutive
IMF Managing Director Kristalina Georgieva has urged nations not to impose tariffs, following US President Donald Trump’s latest measures
Speaking at a press briefing on Thursday, Georgieva said, “the largest economy in the world has chosen to use tariffs as an instrument in relations with partners.”
DXY fell away. This time AUD enjoyed relief. CNY resumed the plod higher. Oil is in trouble. Gold finally popped. Metals too. And miners. EM at the highs. Junk still worried. The bond rally paused. Stocks lifted a bit. Trump eased the rhetoric on China. As usual, the loon is predictable only in the unpredictability
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Back in late 2017, less than a year after I started this blog, I wrote an item about how climate change deniers lied about sea level rise1. Later, in October 2023, I wrote an item about how the rate of sea level rise was itself increasing. The average rate of increase in sea level between 1993 and 2015 was 3.3 millimetres (mm) per annum, while the average sea level rise between 2013 and 2022 was 4.62 mm per annum2.
This thesis, by undertaking a detailed, empirical analysis of the role youth and student wings play inthe recruitment of national legislators of the German Sozialdemokratische Partei Deutschlands andthe British Labour Party, contributes to our understanding of how the social democratic party familyhas changed in the decades since the early 1980s.
The 24th of October 2025 is the 80th anniversary of the ratification of the UN Charter, which opens with a determination to save succeeding generations from the scourge of war.
Prime Minister Anthony Albanese is scheduled to meet President Donald Trump in Washington on 20 October.
Thus far, Albanese has dealt with this administration with equanimity, declining to rush the gate for a meeting. This is no bad thing. It is best to avoid projecting neediness to Trump.
Russian cosmonauts have sent their regards to RT from the International Space Station as the network celebrates its 20th anniversary on Friday.
The message from space by Sergey Ryzhikov, Aleksey Zubritsky, and Oleg Platonov is among the many greetings the network has received from Russia and around the world.
Ryzhikov extended best wishes on behalf of himself and fellow crew members.
International Reading: 24% of Republicans think the economy is deteriorating, compared with 60% of independents and 67% of Democrats. – The Guardian Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says – CNBC Trump’s Big Brag About The Economy Crushed By Brutal New Poll –
A sea of red across Asian share markets in the last session of the trading week in response to the slip on Wall Street overnight, largely due to overstretched financials as they try to absorb the folly of the Trump regime’s tariff campaign. Meanwhile the USD continues to fall against almost everything else with Euro breaking
The post Macro Afternoon appeared first on MacroBusiness.
Victoria hits record levels of wind and solar curtailment, and then two more coal generators tripped
Earlier this month, I reported that investor demand appears to be surging, helping to drive up home prices. As illustrated below by Justin Fabo from Antipodean Macro, investor housing credit growth has rocketed, up 9.1% annually in August, the highest rate in a decade. Google searches for “investment property” likewise surged to their highest level
As we know, Albo is the Manchurian Candidate, fed by Sinophiles in his party to the point of nausea. Let’s recall what the G7 did when China attacked Australia unilaterally. The U.S. and its allies are grappling with how to pare their economic relationships with China, attempting to limit ties in certain sectors they view
The post We are all Dan Andrews now appeared first on MacroBusiness.
This week, I was interviewed by Steve Austin at ABC Radio Brisbane, where I was quizzed on why policymakers continually implement self-defeating policies that make housing more expensive. Austin’s query followed this month’s introduction of the Albanese government’s 5% deposit scheme for first home buyers, which already seems to have lifted demand and pushed home