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MacroBusiness Thursday, April 3, 2025 - 16:00 Source

As Trump makes one of the most retarded economic decisions of all times with his blanket tariffs (even on uninhabited islands, but not Russia curiously), in effect self-sanctioning the USA from global trade, risk markets have done their fair share of pearl clutching and crystal ball gazing to wonder if stagflation, recession or something else

The post Macro Afternoon appeared first on MacroBusiness.

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Your Democracy Thursday, April 3, 2025 - 14:53 Source

The initiation of mass firings of over 20,000 scientists and public health workers at the Department of Health and Human Services (HHS) marks a historic turning point in the collapse of American democracy and the Trump administration’s efforts to establish a fascist dictatorship in the United States.

 

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MacroBusiness Thursday, April 3, 2025 - 14:00 Source

The annual minimum wage circus has begun, with the Australian Industry Group (AIG) urging the Fair Work Commission (FWC) to adopt a “moderate increase” in minimum wages of not more than 2.6%: “In recent years, high inflation resulted in very large increases to minimum wages. But in 2025 the balance of economic factors has squarely

The post Business group lowballs low-paid workers appeared first on MacroBusiness.

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Renew Economy Thursday, April 3, 2025 - 13:51 Source
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Renew Economy Thursday, April 3, 2025 - 13:46 Source
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MacroBusiness Thursday, April 3, 2025 - 13:30 Source

Australia’s tea lady in Washington, Kevin Rudd, has failed again. SMH. Prime Minister Anthony Albanese has made an eleventh-hour bid to avoid the worst of US President Donald Trump’s trade strikes by enlisting the advice of one of the most influential Australians in Trump’s orbit, golf star Greg Norman. Albanese dined with Norman in Melbourne

The post Australia well-endowed with Rudd alternative appeared first on MacroBusiness.

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MacroBusiness Thursday, April 3, 2025 - 13:00 Source

Victorian taxpayers seem to be unable to catch a break. The state is grappling with the nation’s highest per capita debt loads. Victoria’s net debt is forecast to soar over the budget forward estimates. As a result, interest payments have soared, draining billions from the state budget. Central to Victoria’s financial demise is poor management

The post Victorians pay for endless waste and mismanagement appeared first on MacroBusiness.

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MacroBusiness Thursday, April 3, 2025 - 12:30 Source

The ferrous jaws remain. BHP has delivered iron ore its last rites. BHP (ASX:BHP) Group (NYSE:BHP), the world’s largest publicly traded mining company, is reportedly contemplating the separation of its Australian iron ore and coal divisions. This potential move is part of a mid-term growth strategy, as per Reuters. BHP Group’s potential spinoff of these

The post BHP reads iron ore its last rites appeared first on MacroBusiness.

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MacroBusiness Thursday, April 3, 2025 - 12:05 Source

Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen look at what we know about Trump’s new tariffs, what they mean for the stock market and our thoughts on the market effect. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer

The post MB Fund Podcast: Liberation Day Fallout appeared first on MacroBusiness.

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MacroBusiness Thursday, April 3, 2025 - 12:00 Source

Jennifer Hewitt writes a reasonable piece on the gas crisis, but her conclusion is rubbish. AFR. …blaming the LNG export industry for high power prices is an easy political target despite the extraordinary complexity and commercial self-interest in the gas market. At various times since, both Coalition and Labor governments have attempted to make up

The post How to break the gas cartel appeared first on MacroBusiness.

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Your Democracy Thursday, April 3, 2025 - 11:58 Source

“We’re not, but we should be.”

That was French economy minister Éric Lombard’s response to a question on March 1 asking if France is now in a war economy.

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MacroBusiness Thursday, April 3, 2025 - 11:30 Source

Peter Dutton’s excellent East Coast gas reservation policy is being undermined by policies that few voters asked for and that the mainstream will never support. On Wednesday, Dutton announced that a Coalition government will crack down on “waste and rorts” in government spending, which Labor has argued means cuts to essential services, including health and

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Renew Economy Thursday, April 3, 2025 - 11:23 Source
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MacroBusiness Thursday, April 3, 2025 - 11:00 Source

Grattan Institute CEO, Aruna Sathanapally, told ABC’s Q&A that Australia’s failure to build enough housing was “at the heart of our economic problems”: “We can see that the wealth of higher-income Australians or higher-wealth Australians has turbocharged, particularly due to housing prices. It’s property prices that’s led to that increase in wealth. And we haven’t

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MacroBusiness Thursday, April 3, 2025 - 10:30 Source

Terrific video here on how Trump’s tariffs are aimed at working while the fallout is in the implementation. The reciprocal tariffs announced today do not have the subtlety required. CBA explains the tariffs as follows: President Trump has announced reciprocal tariffs against all countries. The level of duty will be half of what the US

The post The upside and down of Trump tariffs appeared first on MacroBusiness.

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Renew Economy Thursday, April 3, 2025 - 10:21 Source
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MacroBusiness Thursday, April 3, 2025 - 10:00 Source

The federal government’s housing accord commenced on 1 July 2024 and aims to construct 1.2 million dwellings over five years, equivalent to 20,000 homes per month. On Wednesday, the Australian Bureau of Statistics (ABS) released dwelling approvals data, which revealed that 15,400 homes were approved for construction in February, 4,600 (23%) below the target. Over

The post The math doesn’t add up for Australian housing appeared first on MacroBusiness.

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MacroBusiness Thursday, April 3, 2025 - 09:30 Source

This is another pointless debate, as usual. The Reserve Bank governor has contradicted Labor’s claims that wages can continue to rise without productivity gains, as the Albanese government pushes for an above-inflation increase for 3 million workers on minimum rates this year. Labor’s submission to the Fair Work Commission’s annual wage review calls for an

The post Aussie mediocrity is turning fatal appeared first on MacroBusiness.

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MacroBusiness Thursday, April 3, 2025 - 09:00 Source

Well here it is, you get a tariff – he gets a tariff – she gets a tariff – we all get tariffs! Australia was let off mildly by the Trump regime’s new tariff crusade but as they don’t understand, its all interconnected with the near 50% tariffs on Chyna about to devastate not only

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Thursday, April 3, 2025 - 08:56 Source

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Renew Economy Thursday, April 3, 2025 - 08:29 Source
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Your Democracy Thursday, April 3, 2025 - 08:17 Source

US President Donald Trump on Wednesday announced a new round of sweeping tariffs, part of what he has branded his ‘Liberation Day’ plan, raising concerns over a potential global trade war.

Washington is introducing customs duties on all countries based on the principle of reciprocity, Trump has announced, calling it a day of economic independence for the United States.

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MacroBusiness Thursday, April 3, 2025 - 08:13 Source

DXY is falling again after Liberation Day tariff announcements. AUD was up big, down big, then did little. Lead boots will be interesting today. Gold to the moon. Oil toppy. Base metals are screaming “hard landing”. Big mining’s big bear knows no bottom. EM meh. Credit not stressed enough. Yields fell as growth worries mount.

The post Australian dollar gazumped by tariff shock appeared first on MacroBusiness.

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Your Democracy Thursday, April 3, 2025 - 08:05 Source

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Renew Economy Thursday, April 3, 2025 - 07:35 Source
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The Tally Room Thursday, April 3, 2025 - 07:00 Source

Ben is joined by journalist Rachel Withers, writer of the Crikey column ‘Well Hung’, to discuss the prospects for independent candidates, including teal and Muslim independents, at the 2025 federal election.

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Renew Economy Thursday, April 3, 2025 - 06:37 Source

Burning gas burner of a home stove in the middle of which is the flag of the country of Australia.</body></html>

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MacroBusiness Thursday, April 3, 2025 - 00:05 Source

Last week, the Reserve Bank of Australia (RBA) released Q4 2024 data on household debt. As illustrated in the chart below, the ratio of household debt to income was 182% in Q4 2024, tracking close to a record high. This was driven by mortgage debt, which was tracking at 135% of household disposable in Q4.

The post Australian households remain buried in debt appeared first on MacroBusiness.

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Your Democracy Wednesday, April 2, 2025 - 21:54 Source

The German government plans to nominate Foreign Minister Annalena Baerbock as its candidate for the chair of the UN General Assembly during the 2025-26 session, media reports indicated earlier.

Just envisioning Annalena Baerbock as chair of the UN General Assembly drew a snap response from Maria Zakharova.

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Renew Economy Wednesday, April 2, 2025 - 18:16 Source
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