Blogotariat

There are many Americans who have noticed Trump’s swollen ankles, the large bruises on his hands, and his increasingly incoherent speech, and speculate that he is in rapid terminal decline, and will soon die. The White House itself has announced that Trump is suffering from chronic venous insufficiency1.

Chris Bowen seeks to rally pro-renewable farmers to the green energy transition, but admits more work needs to be done to improve consultation and benefits.

The latest dwelling value results from PropTrack show that Melbourne continues to lag the other major capital cities for price growth. Melbourne dwelling values rose by just 2.1% in the year to August, easily the softest growth among the state capitals. As illustrated in the following chart, Melbourne dwelling value growth has lagged the other

The post If you want a cheaper house, move to Melbourne appeared first on MacroBusiness.

Deutsche with the note. Announcement of Cook’s removal President Trump announced the removal of Governor Cook from the Federal Reserve Board, citing “cause” due to alleged fraud in relation to mortgages she took out on properties before her appointment to the Board. This announcement was the culmination of intensifying pressure from the administration in recent

The post How AI could end the Fed appeared first on MacroBusiness.

The ferrous complex is breaking again, right on time for seasonality. Rebar is in freefall. HRC will follow. Iron ore is next. Scuttlebutt is bearish. Steel stockpiles at major Chinese mills jumped 4% between August 11-20 to reach 15.67 million tons, according to official data. This inventory buildup signals softer domestic consumption despite targeted production

The post Iron ore rocked by reality appeared first on MacroBusiness.

The Australian Bureau of Statistics (ABS) released dwelling approvals data for July on Monday, reporting 16,153 trend approvals for the month, the highest volume since August 2022. Despite the rebound, approvals tracked 3,847 (19%) approvals behind the National Housing Accord’s five-year target, which requires 20,000 homes to be built every month. In the year to

The post Australia’s housing shortage worsens every day appeared first on MacroBusiness.

With the release of Canada’s second quarter GDP figures, it was revealed that the economy had fallen back into contraction in headline terms for the first time since the third quarter of 2023, with quarterly GDP falling by 0.5%. In the words of Pedro Antunes, Conference Board of Canada’s Chief Economist: Canada is in “recession

The post A struggling Canada beats Australia…just appeared first on MacroBusiness.

Yesterday’s business indicators for tomorrow’s GDP were pretty awful. Key data items – Seasonally adjusted Mar 25 to Jun 25 (%) Jun 24 to Jun 25 (%) Sales of goods and services (chain volume measures) Manufacturing 0.2 -1.5 Wholesale trade 1.7 4.0 Inventories (chain volume measures) 0.1 0.8 Company gross operating profits -2.4 -3.3 Wages and

The post Aussie growth sags again appeared first on MacroBusiness.

Good on David Pocok for taking it on, but he’s talking nonsense. Independent ACT senator David Pocock said on Monday the pressure on the environment and infrastructure motivated many marchers on the weekend, who felt there was “no plan” underpinning the migrant intake. Albo has a very clear plan. It’s just that it sucks for

The post Albo does have an immigration plan, and it is horrifying appeared first on MacroBusiness.

As Gina Rinehart lays “siege” on net zero, many farmers see survival. But not all are fans of wind and solar developers. "Farmers should be at the table, not on the menu.”

Cashiered former general Prabowo Subianto was elected president of Indonesia last year on a contradictory campaign image.

One side showed a soft, caring grandpa, friend of the wong kecil (wee folk). The flip side promoted an urbane statesman who’d lift his country’s international status as the world’s third-largest democracy.

Duncan Graham

It is clear that Australia is on the verge of another house price boom. As illustrated below by Alex Joiner from IFM Investors, both Cotality’s and PropTrack’s dwelling value series lifted strongly in August, continuing the run of strong results. “If you’re struggling to afford a home, the only worse news than the Cotality dwelling

The post Green light for house price boom appeared first on MacroBusiness.