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Oz Blog News Commentary
MacroBusiness Wednesday, March 12, 2025 - 13:30 Source

Deutsche with the note. Over in Europe, the main news came from Germany, after the Green Party said they wouldn’t support the proposal from the CDU/CSU and the SPD to amend the constitutional debt brake to unlock funds for defence and infrastructure spending. That’s significant, because a constitutional amendment requires a two-thirds majority, hence support

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MacroBusiness Wednesday, March 12, 2025 - 13:00 Source

The ABC recently produced the following chart, showing the lack of social and public housing in Victoria. As you can see, social housing accounted for only 3% of households in Victoria in 2023, significantly lower than the national average of 4%, which is considered poor by internationally. “More than a third of Australians who are

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MacroBusiness Wednesday, March 12, 2025 - 12:30 Source

Last month, SQM Research released data showing that the national vacancy rate fell to just 1.0% in January 2025, down 0.1% year-on-year. “The sharp decrease in rental vacancies strongly indicates Australia’s rental market crisis is not over and has potentially deteriorated at the start of 2025”, SQM Research noted. Rental prices also recorded a sharp rise

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The Tally Room Wednesday, March 12, 2025 - 12:16 Source

The federal Joint Standing Committee on Electoral Matters holds an inquiry into the conduct of each federal election, and they did so in 2023. I had the opportunity to make a submission, and then appear before the committee. Their final report was published in November 2023.

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MacroBusiness Wednesday, March 12, 2025 - 12:00 Source

It is probably fair to say that you get the energy prices you deserve. If you choose to loosen the bonds of national identity, dumb down the populace and castrate public debate then your not equipped to deal with complex problems. Maybe you’re not even equipped to deal with simple problems, such as the theft

The post Here comes your next gas cartel bill shock appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 12, 2025 - 11:40 Source

The Albanese government has experienced a resurgence in the polls this month, increasing the likelihood that it will win a second term, albeit with the assistance of minor parties. The latest Roy Morgan polling shows that Labor has regained the lead with 51.5% of the two-party preferred vote, up 2% on the last reading. “If

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MacroBusiness Wednesday, March 12, 2025 - 11:20 Source

The NAB business survey this time. Goldman. Overall business conditions were broadly unchanged at +4 in February,remaining a bit below the longer-term average of +7. Forward orders also remained negative (-3), while capacity utilisation continued to edge lower (-10bps to 81.9%). Inflation pressures also eased, with growth in final selling prices (-38bps to+0.46%qoq) annualising below

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MacroBusiness Wednesday, March 12, 2025 - 11:00 Source

The University of Melbourne is considered Australia’s most prestigious university globally. In 2025, it ranked 47th in the Times Higher Education Reputation Rankings. The University of Sydney was ranked at 60, while Monash University was at 63. The following graphic shows the scoring for the University of Melbourne, Australia’s top ranked institution: Melbourne University ranked

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xkcd.com Wednesday, March 12, 2025 - 11:00 Source

It does come at the small cost of a LOT more off-by-40-or-50 errors.

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MacroBusiness Wednesday, March 12, 2025 - 10:30 Source

Australian manufacturing is in terminal decline. Manufacturing comprises just over 5% of the Australian economy, the smallest share in the OECD. Exorbitant energy costs continue to drive manufacturers out of Australia. The latest insolvency data from ASIC shows that almost 1390 manufacturers nationwide have become insolvent since 2022-23. Among these, Incitec Pivot, a significant fertiliser

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MacroBusiness Wednesday, March 12, 2025 - 10:00 Source

The Market is giving us every reason to buy. Hammer time It is early in the session, but SPX has put in a hammer candle so far. Needless to say, we are at very oversold levels. Note previous hammer/inverted hammer candles led to the SPX bouncing. These types of candles post aggressive moves should be

The post The bear in there appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 12, 2025 - 09:30 Source

DXY is a falling stone. EUR to the moon! AUD followed the latter but can’t catch it. Lead boots stuck in concrete. Oil and gold meh. Copper looks uber-bullish. Thanks Goldman! Miners meh. EM meh. Junk a little down move but much more needed if US growth is really going to slow. Yields meh. Stocks

The post Australian dollar enters the death zone appeared first on MacroBusiness.

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