— TRUMP: Let's make a deal...
— PUTIN: Sure... but I don't like your FRIEND's attitude...
— TRUMP: He's not my friend...
— PUTIN: He used to be yours...
— TRUMP: I have let him loose "to do what he wants"...
— PUTIN: He seems to have doubled up on what America "used to do"...
— TRUMP: We've given up punching you in the face...
— PUTIN: I smell a rat...
— TRUMP: It's a dog...
International Reading: Elon Musk says the Post Office and Amtrak should be privatized – Business Insider Trump lifting US sanctions on Russia — a ‘huge win’ for Putin, ‘chaos’ for global economy – Kyiv Independent GOP Lawmakers Unveil Bill To ‘End The Fed’ – Daily Caller ‘Doge’s actual impact is less than $10bn’ – FT
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BBC chairman Samir Shah and director-general Tim Davie apologized to the British Parliament on 3 March over for including 13-year-old Abdullah al-Yazouri in a recent documentary on the impact the Israeli genocide has had on Gaza’s children.
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
The post Macro Afternoon: 7 March 2025 appeared first on MacroBusiness.
Could Trump and Musk be seeking to end our time on Earth?
By George Monbiot, published in the Guardian 5th March 2025
In thinking about the war being waged against life on Earth by Donald Trump, Elon Musk and their minions, I keep bumping into a horrible suspicion. Could it be that this is not just about delivering the world to oligarchs and corporations – not just about wringing as much profit from living systems as they can? Could it be that they want to see the destruction of the habitable planet?
EU leaders to back defence surge, support Zelensky at emergency summit after US aid freezeMacron says he'll confer with allies on protecting Europe with French nuclear deterrenceRussia says Macron is detached from reality after nuclear commentsPoland and Baltic nations welcome Macron's nuclear deterrent proposalUS envoy Witkoff says he is arranging talks in Saudi Arabia with Ukrainians on peace 'framework'
On Thursday, Statistics New Zealand released data on Building Work Put in Place, which showed that residential construction plunged by 4.9% in Q4 2024, to be 25% down from its previous peak in Q3 2022. The following chart from Justin Fabo from Antipodean Macro also shows that the level of building was revised down in
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From July 1, 2024, Victorian non-profit private schools with an income per student of more than $15,000 were liable to a 4.86% payroll tax. These schools would pay the Victorian government an estimated $101.8 million in 2025. An investigation by The Age revealed that the payroll tax charge resulted in an average annual tuition increase
An excellent summary of the factors at work in the equity market from Zero Hedge. “Headline fatigue is hammering markets,” according to one well-positioned trader who noted that US equities traded definitively lower today despite Trump delaying tariffs on Mexico and Canada today (an incremental positive for sure)… This is the market’s worst three-week spell since
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Wednesday’s Q4 national accounts showed that Australia’s economy finally emerged from its prolonged per capita recession, recording the first increase (+0.1%) in GDP per capita in 21 months. In its media release following the result, the Australian Industry Group (AIG) cautioned that the “improvement in GDP masks continuing private sector weakness”. “Today’s national accounts data
As it should. Bloomberg. While bleak quarterly results from Australian peers last month helped trim its valuation, Commonwealth Bank remains one of the most expensive bank shares globally. The stock trades at 25 times forward earnings, almost double JPMorgan Chase & Co.’s multiple. “The banks’ latest results were not good enough to meet lofty expectations
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