Blogotariat

Oz Blog News Commentary
Your Democracy Sunday, October 19, 2025 - 10:51 Source

I know a few people in Europe who deliberately ignore the events that are shaping the future. They also ignore the historical origins of these events… For these lucky people, the future is inked in what we decide to do and to be, without the “big picture”. Be nice to other people, do not rock the boat and enjoy the sun while on holiday. It works.

The small group of friends in which we can share meals and wine is enough to take us to the end of our happy life. 

 

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MacroBusiness Sunday, October 19, 2025 - 09:45 Source

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

The post The economic week ahead appeared first on MacroBusiness.

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Your Democracy Sunday, October 19, 2025 - 05:43 Source

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.”

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MacroBusiness Saturday, October 18, 2025 - 14:46 Source

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

The post Major bank: Australian dollar surge to 69 cents appeared first on MacroBusiness.

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THE BLOT REPORT Saturday, October 18, 2025 - 14:14 Source

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.

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Your Democracy Saturday, October 18, 2025 - 06:27 Source

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.

 

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Your Democracy Saturday, October 18, 2025 - 05:44 Source

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.

The world has not saved the children. According to UNICEF, about 64, 000 children have been killed or maimed in Gaza. In Britain, during World War II, 7736 children under 16 were killed and 7662 children were seriously wounded.

 

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Your Democracy Saturday, October 18, 2025 - 05:14 Source

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.

Australians will be thinking about the immediate results of the visit. We should also reflect on the nature of our alliance relationship.

 

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Your Democracy Saturday, October 18, 2025 - 04:33 Source

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.

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MacroBusiness Saturday, October 18, 2025 - 00:05 Source

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 –

The post Weekend Reading and MB media appearances appeared first on MacroBusiness.

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MacroBusiness Friday, October 17, 2025 - 16:30 Source

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.

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Renew Economy Friday, October 17, 2025 - 14:22 Source

Yallourn power station (supplied).

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MacroBusiness Friday, October 17, 2025 - 14:00 Source

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

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MacroBusiness Friday, October 17, 2025 - 13:51 Source

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.

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Renew Economy Friday, October 17, 2025 - 13:39 Source

Gladstone coal power station Queensland small iStock-1462105369

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MacroBusiness Friday, October 17, 2025 - 13:30 Source

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

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MacroBusiness Friday, October 17, 2025 - 13:30 Source

It was never a boom in the traditional sense. It was a fiscal stimulus into bedpan jobs, and it has ended. Owing to a far too slow RBA, the private sector is not well-positioned to pick up the slack. The NAB business survey is still consistent with weak hiring intentions. More from Goldman. Today’s update

The post Australia’s jobs boom is going bust appeared first on MacroBusiness.

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MacroBusiness Friday, October 17, 2025 - 12:30 Source

There is no substitute for sanctimonious greed. A top-20 shareholder in Santos has raised questions about the oil and gas producer’s strategy and called for it to focus on delivering value to investors, just as the gas giant was forced to cut production guidance because of an eleventh-hour hitch at its biggest growth project. HESTA

The post HESTA backs gas cartel in “real world impact” appeared first on MacroBusiness.

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Renew Economy Friday, October 17, 2025 - 12:11 Source
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MacroBusiness Friday, October 17, 2025 - 12:00 Source

Victoria is the nation’s most indebted state with the lowest credit rating. Global rating agencies have reaffirmed Victoria’s AA credit rating, although the state government has been put on notice to reduce debt, rein in operating costs, and show fiscal restraint ahead of the November 2026 election. On Wednesday, the Victorian Department of Treasury and

The post Victoria is headed toward a financial crisis appeared first on MacroBusiness.

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MacroBusiness Friday, October 17, 2025 - 11:45 Source

The Pilbara killer is here. A Guinean government minister, meanwhile, said the West African country would inaugurate rail and port facilities for the giant Simandou iron ore project on Nov. 11. The locomotives are arriving. SIMFER, the joint venture of the government of Guinea, Rio Tinto, and the Chinalco-led CIOH consortium, has celebrated the arrival of the

The post Pilbara killer chills champaign for November 11 appeared first on MacroBusiness.

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MacroBusiness Friday, October 17, 2025 - 11:30 Source

Recently, a reader shared with me the statistics on the level of prosecutions against fraudsters within the National Disability Insurance Scheme (NDIS). The internal reporting of the National Disability Insurance Agency (NDIA), the government authority overseeing the scheme, found that in the June quarter of 2024, there were more than 7,000 tip-offs alleging fraud. Of

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THE BLOT REPORT Friday, October 17, 2025 - 11:04 Source
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MacroBusiness Friday, October 17, 2025 - 11:00 Source

Compare the Market’s annual Household Budget Barometer report shows that many Australians are continuing to feel the strain of rising living costs. Only 7% of the 3,000-plus respondents feel that the Australian economy has improved over the last year, while just 22% feel optimistic about the economic future. Shadow Treasurer Ted O’Brien says the figures

The post Aussie households have ‘given up’ on the economy appeared first on MacroBusiness.

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xkcd.com Friday, October 17, 2025 - 11:00 Source

If you don't know where you are on Earth, the angle of satellite dishes can help constrain your latitude. If some of them are pointing straight up, you're probably near the Equator, right under the ring.

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Renew Economy Friday, October 17, 2025 - 10:49 Source
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MacroBusiness Friday, October 17, 2025 - 10:30 Source

Under progressive leadership regimes, the Australian central bank has become ever more corrupt and unable to speak truth to power, especially when it comes to the single most important macroeconomic input into the economy: immigration. Just this week, we had another analysis from RBA boffin Sarah Hunter, which refused to acknowledge the obvious: the immigration-led

The post Blind RBA trashes jobs market again appeared first on MacroBusiness.

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MacroBusiness Friday, October 17, 2025 - 10:00 Source

This week, two polls were released showing that Australians overwhelmingly want significantly lower immigration. First, Resolve Political Monitor released polling of 1,800 Aussies from across the political spectrum on October 7 and 12. The group was told Australia’s current migration policies allow 316,000 people into the country and 185,000 to permanently settle in the country

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Renew Economy Friday, October 17, 2025 - 10:00 Source
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Renew Economy Friday, October 17, 2025 - 09:46 Source
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