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Your Democracy Tuesday, February 11, 2025 - 09:14 Source

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MacroBusiness Tuesday, February 11, 2025 - 09:00 Source

Another round of Trump Tariffs overnight saw risk markets largely shake off the volatility even though the EU is gearing up to be next in sight as the global trade war heats up. Wall Street bounced back after watching the Superb Owl and absorbing the slightly weaker than expected jobs print on Friday night with

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Tuesday, February 11, 2025 - 05:54 Source

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Your Democracy Tuesday, February 11, 2025 - 05:30 Source

Last Friday 79 nations signed a statement condemning the announcement 24 hours earlier by genocide enabler US President Donald Trump, that he was imposing sanctions on officials of the International Criminal Court because they had issued a warrant for the arrest of architect of genocide of the Palestinian people, Israeli Prime Minister Benjamin Netanyahu.

 

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MacroBusiness Tuesday, February 11, 2025 - 00:05 Source

Alan Kohler penned another article decrying Australia’s housing crisis, which he argues is driven by “lip service, hypocrisy, and an investment culture”. Kohler notes that the Albanese government’s target of building 1.2 million homes over five years is a “lost cause”. “The number of housing approvals has declined, not increased!”. “Since mid-2024, when the five

The post Australian housing is a misery machine appeared first on MacroBusiness.

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Renew Economy Tuesday, February 11, 2025 - 00:05 Source
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Your Democracy Monday, February 10, 2025 - 19:46 Source

According to George Bernard Shaw, the most popular method of distributing wealth is the method of the roulette table.

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Renew Economy Monday, February 10, 2025 - 18:30 Source
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Cheeseburger Gothic Monday, February 10, 2025 - 17:33 Source

Even though I didn’t drive, I was still pretty worn out by the time I got back from the film festival panel on the weekend. Luckily, Jane had made chicken Provençal, which was a nice thing to come home to. She’d opened a bottle of Chardonnay for the recipe—Allendale, I think—so I had a glass with dinner. It was the first bottle of wine we’d opened in about six months. Anyway, it was nice. We ate, had a drink, and then I sort of drifted around, not doing much of anything.

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MacroBusiness Monday, February 10, 2025 - 17:30 Source

Asian share markets are somewhat positive despite another spray of tariff demands from the Orange Mussolini with Chinese shares brushing off the reciprocal reactions as the trade war heats up domestically, affecting Australian exports. Luckily the local economy is broad, diverse and robust to deal with cuts to primary exports…..Anyway, the USD gapped higher against

The post Macro Afternoon appeared first on MacroBusiness.

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Your Democracy Monday, February 10, 2025 - 15:12 Source

Rise up people and fast. Tyrant Trump and his Musk-driven gangsters are launching a fascistic coup d’état. Much of everything you like about federal/civil service for your health, safety, and economic well-being and protections is being targeted.

 

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Renew Economy Monday, February 10, 2025 - 14:47 Source
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Renew Economy Monday, February 10, 2025 - 14:45 Source
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Renew Economy Monday, February 10, 2025 - 14:32 Source
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Renew Economy Monday, February 10, 2025 - 14:02 Source

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MacroBusiness Monday, February 10, 2025 - 14:00 Source

It’s a very big debate for asset allocators by very big people that I respect on both sides.  In the boom camp is Steve Blitz at TSLombard. January employment data and the revisions have a simple message – the economy has been picking up steam since mid-24, a charge now fueled by a 100BP cut

The post Is the US about to boom or to bust? appeared first on MacroBusiness.

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Renew Economy Monday, February 10, 2025 - 13:57 Source
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MacroBusiness Monday, February 10, 2025 - 13:30 Source

The 2025 Eldelman Trust Barometer has been released. It is the firm’s 25th annual globally deployed online survey of the general population, seeking to understand why people hold the views they do. This year’s survey showed a significant decline in trust in Australia in business, government, and the media. As illustrated below, Australians’ overall Trust Index

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MacroBusiness Monday, February 10, 2025 - 13:00 Source

The unthinking tank of corruption, The Grattan Institute, has coughed up another beauty today. A growing number of Australian retirees risk falling into homelessness because they can’t afford to pay rent, said a new report aimed at lawmakers preparing to fight an election on housing and cost-of-living. The rising cost of rent, falling rates of

The post Grattan throws elderly onto streets appeared first on MacroBusiness.

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MacroBusiness Monday, February 10, 2025 - 12:30 Source

The iron ore jaws resemble a yawning hippo now. Steel production is still terrible, though LNY distortions are an issue. Notably so in demand. Property sales appear to have re-cratered. Iron ore appears to be levitating on seasonal tailwinds alone.

The post Iron ore jaws open wide appeared first on MacroBusiness.

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MacroBusiness Monday, February 10, 2025 - 12:00 Source

According to Mark The Graph on Twitter (X), Australia’s betting markets have lurched strongly in favour of a Coalition win at the upcoming federal election. As of Saturday, before the latest Victorian by-election results, the betting market had Labor on $2.62 and the Coalition on $1.50. The probability of a Coalition election win had also

The post Betting markets firm for Coalition election win appeared first on MacroBusiness.

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Renew Economy Monday, February 10, 2025 - 11:51 Source
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Renew Economy Monday, February 10, 2025 - 11:49 Source
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Renew Economy Monday, February 10, 2025 - 11:49 Source
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MacroBusiness Monday, February 10, 2025 - 11:30 Source

I feel nauseated every time I smell cigarette smoke. My mother was a heavy smoker, and the persistent odour of smoke is one of my most unpleasant childhood memories. Mum stopped smoking 13 years ago, but the resulting emphysema has drastically reduced her quality of life. Despite this, I was never in favour of taxing

The post Dumb tax policy is fuelling organised crime appeared first on MacroBusiness.

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MacroBusiness Monday, February 10, 2025 - 11:00 Source

Westpac joins the doves. December quarter CPI surprises to the downside In our CPI Preview, we noted that the risk to our December quarter CPI and Trimmed Mean estimates were to the downside. That risk ended up materialising, with the CPI increasing just 0.2%qtr/2.4%yr (Westpac f/c: 0.3%qtr/2.5%yr) while the Trimmed Mean rose 0.5%qtr/3.2%yr (Westpac f/c:

The post RBA overshoots target appeared first on MacroBusiness.

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xkcd.com Monday, February 10, 2025 - 11:00 Source

The bottom ones are also potentially bad news for any other planets in our solar system that have been counting on Earth having a stable orbit.

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John Quiggin Monday, February 10, 2025 - 10:49 Source

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.

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Renew Economy Monday, February 10, 2025 - 10:37 Source
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MacroBusiness Monday, February 10, 2025 - 10:30 Source

China is out of deflation! This is voucherflation as Beijing did giveaways in travel and white goods. Food helped. The PPI is wall-to-wall weakness. Inflation numbers were also boosted by the earlier LNY and will be given back in February. Deflation in China is forever now.

The post Chinese deflation fixed! Not appeared first on MacroBusiness.

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