Wall Street continues to flail while European stocks try hard to push forward, buoyed by more defense spending promises while the cuts in US federal spending and employment loom large amid a the Canadian/Mexican tariffs that are still on the table. The USD was pushed back by Euro and Yen again overnight while the Australian
The post Macro Morning appeared first on MacroBusiness.
Peter Dutton has made $30 million of property transactions across 26 pieces of real estate over 35 years, making him one of the country’s wealthiest-ever contenders for prime minister as the major parties battle to convince voters they can fix Australia’s housing affordability crisis.
26 properties in 35 years: Peter Dutton’s extensive property portfolio revealed
WHEN EGOS WERE FAR LESS FRAGILE THAN IN TODAY'S GLASSWARE, VERBAL DISPUTE ACCOMPANIED WITH PACKETS OF INSULTS WERE THE GO... LAWYERS HAVE SINCE SEEN A LUCRATIVE INCOME IN SETTLING DEFAMATIONS OF FAR LESS SCOPE THAN SAY "The Flyting of Dunbar and Kennedie"...
DXY is still falling. EUR is not exactly soaring post-German election. The AUD rocket is in danger of a crash landing. Lead boots is stable. Gold and oil got puked. Another dirt bubble goes pop. Woe is miners. EM deepsuckered. Junk nailed to the floor. The bond bid is back. As stocks freak about growth.
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What President Donald Trump has been saying about his friends and our allies recently clearly suggests that both the AUKUS arrangement (it is not a treaty), along with last month’s down payment of some $US500k, has been and will prove to be a terrible mistake.
Dark night for Germany: Elections will change little, and nothing for the betterDespite the establishment’s historic losses, it will still form a coalition and lead the country deeper into despair
For anyone following German politics, it may be counterintuitive, but things can get even worse.
BY Tarik Cyril Amar
The Australian Bureau of Statistics’ (ABS) latest annual national accounts reported that Australia’s land was valued at $9.2 trillion in 2023-24, with residential land accounting for 84% ($7.7 trillion). As illustrated below, residential land values have skyrocketed from 1.1 times Australia’s GDP in 1989 to 2.9 times GDP as of 2023-24. The total value of Australia’s
Construction of former President Barack Obama's long-awaited library and museum in Chicago began with ambitious plans for diversity, equity and inclusion (DEI) but is now plagued by huge cost overruns, delays and a $40.75-million, racially charged lawsuit filed by a minority contractor.
Asian share markets are not doing so well as the play catchup to the risk off mood that has been dragging down Wall Street since Friday night with returning Japanese markets down the most while local shares are still heading down due to the somewhat hawkish RBA position. Meanwhile the Australian dollar is trying to
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Economist Martin Armstrong speaks again with SouthFront. In the interview he gave, Armstrong offers some insights into the main issues on the geopolitical and economic agenda. Armstrong’s reflections are based on the interpretative model of economic cycles, the Socrates model.