MacroBusiness
Wednesday, February 12, 2025 - 00:05
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Realestate.com.au posted an article claiming that the price of vacant land in Victoria has risen above the cost of established homes, creating a major barrier to the Albanese government’s housing targets. Despite the median home price falling over the past two years to make Melbourne the nation’s fifth most affordable capital, new figures show the The post It’s too expensive to build housing in Australia appeared first on MacroBusiness. |
Your Democracy
Tuesday, February 11, 2025 - 21:54
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US President Donald Trump has reposted a CNBC article citing Russian President Vladimir Putin on his social media account. The piece quoted the Russian leader as predicting that the Trump administration would soon “restore order” in Europe, as Washington’s allies would quickly “stand at the feet” of their “master.” |
Your Democracy
Tuesday, February 11, 2025 - 20:09
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US President Donald Trump has issued an ultimatum to Hamas, demanding the release of all remaining Israeli hostages held in Gaza by midday Saturday, and warning that failure to comply would result in “all hell”breaking out. |
Renew Economy
Tuesday, February 11, 2025 - 20:06
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MacroBusiness
Tuesday, February 11, 2025 - 17:30
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Asian share markets are mixed in reaction to the latest round of tariff demands from King Trump with Chinese shares this time pulling back while Japanese equity markets are closed for yet another holiday. The USD remains strong against most of the undollars over the weekend gap following last weeks US jobs report with the The post Macro Afternoon appeared first on MacroBusiness. |
Renew Economy
Tuesday, February 11, 2025 - 17:28
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Renew Economy
Tuesday, February 11, 2025 - 17:21
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Your Democracy
Tuesday, February 11, 2025 - 15:21
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The Trump administration is turning up the heat on George Soros’ soft power empire amid revelations of his Open Society Foundations’ close-knit links to and alleged profiteering off USAID. Is there a case for convicting the 94-year-old benefactor and beneficiary of the US imperial project? If so, where does it lie?
Financial Crimes |
Renew Economy
Tuesday, February 11, 2025 - 14:57
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Your Democracy
Tuesday, February 11, 2025 - 14:14
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US President Donald Trump has said he wants to secure a deal with Kiev to ensure Washington gets its money back by trading aid for Ukraine’s rare-earth minerals – regardless of whether “they may be Russian someday.” |
MacroBusiness
Tuesday, February 11, 2025 - 14:00
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Kevin07 has work cut out for him. President Donald Trump’s plan to impose 25 per cent tariffs on steel and aluminium imports has been branded an “insult” to the Australian people and America’s key security partner in the Indo-Pacific. Democratic congressman Joe Courtney, who co-chairs the Friends of Australia Congressional Caucus, singled out Australian taxpayers’ The post Offer Rudd’s head for tariff exemption appeared first on MacroBusiness. |
Renew Economy
Tuesday, February 11, 2025 - 13:40
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MacroBusiness
Tuesday, February 11, 2025 - 13:30
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The Westpac–Melbourne Institute Consumer Sentiment Index is out, with sentiment largely unchanged in February, edging up 0.1% to 92.2 from 92.1 in January. Westpac Consumer Sentiment Index basically unchanged in February. Firming rate cut expectations supporting a positive outlook for finances. Weaker current finances point to post–Christmas ‘hangover’. Unsettled global backdrop restraining expectations for the |
Renew Economy
Tuesday, February 11, 2025 - 13:13
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Renew Economy
Tuesday, February 11, 2025 - 13:00
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MacroBusiness
Tuesday, February 11, 2025 - 13:00
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BofA is pretty good at US inflation and January does tend towards stronger numbers. Core inflation should pick up in January We forecast core CPI inflation of 0.3% m/m (0.33% ungrounded) for January. They/y rate should tick down a tenth to 3.1%, due to favorable base effects. We also expect headline CPI to increase by The post US CPI preview appeared first on MacroBusiness. |
Renew Economy
Tuesday, February 11, 2025 - 12:56
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MacroBusiness
Tuesday, February 11, 2025 - 12:30
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New data from Ray White, published in News.com.au, suggests that property investors continue to flee Victoria following state government land tax hikes. Ray White claimed that investors owned more than one-third of the 4332 Melbourne homes the agency auctioned in the 12 months to February 6, 2025, and 32.2% of regional Victorian homes auctioned. Ray White The post Investor pain is first home buyers’ gain appeared first on MacroBusiness. |
Renew Economy
Tuesday, February 11, 2025 - 12:29
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MacroBusiness
Tuesday, February 11, 2025 - 12:00
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Steel profitability is just about gone. CISA has solid output to start the year. The main price driver right now is seaborne uncertainty. Several storms across Australia’s north have damaged port infrastructure and disrupted shipments of iron ore and coal, with more rainfall threatening to saturate the operations of miners including Rio Tinto Group. But The post Pilbara killer moving fast appeared first on MacroBusiness. |
MacroBusiness
Tuesday, February 11, 2025 - 12:00
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Opposition is building against Peter Dutton’s plan to reinstate a “golden ticket” visa for wealthy investors who commit $5 million to enter Australia. These visas were abolished by the Albanese government one year ago. Dutton announced his intention at a Liberal Party fundraiser last month after a migration agent, Min Li, requested he reinstate the The post Australia must axe all retirement visas appeared first on MacroBusiness. |
MacroBusiness
Tuesday, February 11, 2025 - 11:30
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A new energy shock is brewing as a cold European winter stalks Australia. European gas storage is falling the fastest since 2021. Prices are reacting, at two-year highs unseasonably. LNG imported to Australia is about $26Gj at these prices. Still nearly double today’s local prices. The cartel appears to be playing dead heading into the The post Gas cartel plays dead going into election appeared first on MacroBusiness. |
John Quiggin
Tuesday, February 11, 2025 - 11:02
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This is a follow-up to my previous post on the end of US democracy and its implications. Here I will discuss how what’s left of the democratic world can respond. Surprisingly in many ways, the military part of dispensing with the US is the easiest bit, in each of its major areas of operation: Europe, Taiwan, and the broader Asia-Pacific region including Australian and New Zealand. As regards Europe, NATO would be massively stronger with the US (100 000 troops in Europe) out and Ukraine (Zelensky claims 800 000) in. |
MacroBusiness
Tuesday, February 11, 2025 - 11:00
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Victoria is the most indebted state in Australia, with the lowest credit rating. Victoria’s net debt is projected to skyrocket in the coming years, which is expected to result in additional credit rating downgrades. When these downgrades occur, interest payments will skyrocket, increasing costs for Victorians and resulting in more taxes and less funding for The post Victorian taxpayers trapped in no-win situation appeared first on MacroBusiness. |
Renew Economy
Tuesday, February 11, 2025 - 10:50
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Renew Economy
Tuesday, February 11, 2025 - 10:45
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MacroBusiness
Tuesday, February 11, 2025 - 10:30
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The Market Ear on ludicrously overbought gold. Gold – on the road to 3k Unstoppable gold continues surging today again. As we have been pointing out recently: gold is overbought, but there is room for it to move even higher before we reach the upper part of the channel (comes in around $3k). Source: Refinitiv The post Golden bubble inflates appeared first on MacroBusiness. |
Cheeseburger Gothic
Tuesday, February 11, 2025 - 10:12
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MacroBusiness
Tuesday, February 11, 2025 - 10:00
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Current market pricing has ascribed a 93% probability that the Reserve Bank of Australia (RBA) will cut the official cash rate at next week’s monetary policy meeting. CBA’s head of Australian economics, Gareth Aird, ascribes an 80% probability of a 0.25% rate cut next week. Aird noted that the Q4 24 trimmed mean CPI came The post Has RBA slain the inflation dragon? appeared first on MacroBusiness. |
MacroBusiness
Tuesday, February 11, 2025 - 09:30
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DXY is firm. AUD too. Not lead boots. Commods ripped. Miners not so much. EM yawn. Sooner or later, junk will either rally or kill the wider bull. Curve steepened. Stocks have another crack ATH. I’m not sure why the sudden surge in commodities. Lifting global PMIs, for the most part. With some tariff hedging The post Australian dollar joins commodity burst appeared first on MacroBusiness. |