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MacroBusiness Monday, April 7, 2025 - 08:00 Source

The Federal Chamber of Automotive Industries (FCAI) released new car sales data for March, which revealed that 108,606 new cars were delivered during the month, and a total of 1,206,558 were delivered over the year. Annual new car sales declined by 0.9% over the year, with the market continuing to trend downward since peaking in

The post EV sales crash back to earth appeared first on MacroBusiness.

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John Quiggin Monday, April 7, 2025 - 07:28 Source

My latest in The Guardian

Donald Trump’s announcement of a “Liberation Day”, involving the imposition of tariffs on almost every country in the world, is one of a series of measures which call for an urgent reorientation of Australia’s economic and foreign policy. It is, in effect, a commitment to remove the United States from the global economy, which is seen by Trump as unfair and exploitative of Americans.

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John Quiggin Monday, April 7, 2025 - 07:26 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, April 7, 2025 - 07:10 Source
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MacroBusiness Monday, April 7, 2025 - 07:00 Source

A Dutton-led Coalition government would ‘slash’ international student numbers by around 25% if elected. Speaking in the outer suburbs of Melbourne on Sunday morning, Peter Dutton said that the international student intakes at universities and VET would be cut by 80,000 under the Coalition, which he said would free up housing and ease the rental

The post The right way to cut international student numbers appeared first on MacroBusiness.

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Your Democracy Monday, April 7, 2025 - 05:54 Source

The dreadful atrocities by Hamas on 7 October 2023 horrified the world and triggered the destruction of Gaza, the deaths of more than 50,000 Gazan men, women and children and the wounding of tens of thousands more.

 

John Stace

Was Israel complicit in the 7 October 2023 massacre?

 

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Your Democracy Monday, April 7, 2025 - 05:24 Source

British Prime Minister Keir Starmer will deliver a speech on Monday acknowledging that the era of globalization has come to an end, The Times has reported.

Starmer will make the address in response to US President Donald Trump imposing sweeping tariffs on the majority of America’s trading partners, including the UK, earlier this week, according to the article on Sunday.

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Your Democracy Monday, April 7, 2025 - 04:42 Source

WASHINGTON -- US Treasury Secretary Scott Bessent is reportedly looking to leave the Trump administration following the president's "reciprocal tariff" announcement, which has raised concerns about its impact on the economy, The New Republic reported on Saturday.

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MacroBusiness Monday, April 7, 2025 - 00:05 Source

The Trump administration’s “Liberation Day” retaliatory tariffs have slapped tariffs of 10% to 48% on US trading partners. The tariffs are expected to drive the US’ effective tariff rate to its highest level in more than a century. Global stock markets fell sharply following the announcement of tariffs on Wednesday, US time. The US markets

The post Trump tariffs to crash Aussie interest rates appeared first on MacroBusiness.

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MacroBusiness Monday, April 7, 2025 - 00:01 Source

The Australian dollar is falling out of favour again. Goldman. We are making a major shift in our Dollar view for the year ahead: we now see Dollar weakness of the first quarter persisting and deepening further. The reciprocal tariff announcement itself was close to our economists’ expectations in terms of aggregate tariff rate. If

The post Australian dollar forecasts slashed appeared first on MacroBusiness.

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MacroBusiness Sunday, April 6, 2025 - 13:00 Source

Merchant.adventurers.of.london · DeepTGman April5   In this podcast discussion Deep T goes over the impacts and implications of the new tariff regime US President Trump unveiled during the week and how the Australian economy is likely to experience that.  The discussion looks at the the near absence of meaningful economic policy discussion during an Australian

The post MB Radio: Deep T & G Man April 5 appeared first on MacroBusiness.

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MacroBusiness Sunday, April 6, 2025 - 10:38 Source

On Thursday, Australian time, the Trump Administration announced its “Liberation Day” retaliatory tariffs, which impose tariffs of between 10% and 48% on trading partners. The announcement of the tariffs led to heavy falls on global stock markets. US markets suffered heavy losses, with the S&P 500 losing $5 trillion in value in two days. This

The post Share market losses spur auction bounce appeared first on MacroBusiness.

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Your Democracy Sunday, April 6, 2025 - 06:53 Source

The Hungarian prime minister said the EU Commission's call for people to prepare a 72-hour emergency kit was scary. "What's on these people's minds? Are they up to something?" the politician lamented, speaking on public radio.

Hungarian Prime Minister Viktor Orbán was the first national leader to react to the EU Commission's advice for people to prepare a 72-hour survival kit for emergency situations.

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Renew Economy Saturday, April 5, 2025 - 22:31 Source
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Your Democracy Saturday, April 5, 2025 - 20:55 Source

Having written two celebrated books on fascism in the 20th century, Jewish-American scholar John Stanley draws direct parallels with the second Donald Trump presidency.

"Fascism is what the Trump administration is now doing," he told DW of the president's second term in office.

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Renew Economy Saturday, April 5, 2025 - 14:13 Source
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THE BLOT REPORT Saturday, April 5, 2025 - 11:37 Source

As almost everyone who can read knows, the Mango Mussolini has inflicted tariffs on numerous countries around the world. However, several of the tariffs have been aimed at places with no trading relationship with the United States., two of which are Heard Island and the McDonald Islands1.

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MacroBusiness Saturday, April 5, 2025 - 10:32 Source

DXY is suddenly a safe haven once more. To describe the 4.57% destruction of the AUD in one day as a lesson in arrogance doesn’t quite say it. Lead boots may be about to become a screaming meteorite of death. Oil is going to hell. When gold sells like this, you know the margin calls

The post Australian dollar destroyed 4.57% appeared first on MacroBusiness.

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Club Troppo Saturday, April 5, 2025 - 10:14 Source

Donald Trump is trying to slash his nation’s trade deficit. Australians may recognise this task: we tackled it in the late 1980s, failed, and found that it mattered less than we thought. 

Hello, US readers! You’ve just started an interesting economic experiment to see whether government policy can change a trade deficit into a trade surplus.

My bet: you will find, just as Australians did, that the answer is “no”. Most people find it hard to think about trade in a very organised way, and end up doing things that have effects they didn’t expect. Effects like recessions.. 

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Renew Economy Saturday, April 5, 2025 - 09:15 Source
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Your Democracy Saturday, April 5, 2025 - 08:40 Source

Peter Dutton’s election campaign is faltering just as momentum should be building, fuelling growing unease inside the Coalition that his abrasive image and perceived ideological closeness to Donald Trump is pushing away the swing voters he needs to win.

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Your Democracy Saturday, April 5, 2025 - 08:27 Source

X is not real life, but its tentacles slither into the increasingly online landscape that defines real life. It’s not X’s fault; it has merely become an incubator of a trend launched years ago by the 24-hour news cycle. Really, then, much of our modern malaise is the fault of Ted Turner, a man so wise he saw fit to marry Jane Fonda in 1991, well after she had publicly aired her crazy in myriad ways. 

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Your Democracy Saturday, April 5, 2025 - 08:08 Source

Russia will have little difficulty reaching its target of 1.5 million active military personnel, despite the ongoing conflict in Ukraine, NATO’s Supreme Allied Commander in Europe Christopher Cavoli has predicted.

During a US Senate Armed Services Committee hearing on Thursday, the four-star US Army general evaluated Moscow’s ability to enhance its military capabilities.

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New Politics Saturday, April 5, 2025 - 08:00 Source

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MacroBusiness Saturday, April 5, 2025 - 00:15 Source

On Thursday, Australian time, the Trump Administration announced its “Liberation Day” retaliatory tariffs, which impose tariffs of between 10% and 48% on trading partners. This will see the US’ effective tariff rate rise to its highest level in more than a century. The announcement of the tariffs led to heavy falls on global stock markets.

The post Trump tariffs to trigger house price boom appeared first on MacroBusiness.

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MacroBusiness Saturday, April 5, 2025 - 00:05 Source

International Reading: Tesla Board Asks Elon Musk to Step Down – Clean technica JD Vance Tells Paycheck-to-Paycheck Americans to Suck Up Tariffs Pain – Daily Beast Republicans are losing faith in Trump rescuing the economy – News Week Layoffs spiked by 205% last month to third-highest ever recorded, fueled by DOGE mass firings – CBS

The post Weekend reading and media appearances appeared first on MacroBusiness.

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Your Democracy Friday, April 4, 2025 - 19:25 Source

Lyndon LaRouche (8 September 1922 – 12 February 2019), was an American economist, and political activist who founded various political organizations under the umbrella of what was termed the LaRouche Movement, and the Schiller Institute, founded by his spouse, Helga-Zepp-LaRouche.

 

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MacroBusiness Friday, April 4, 2025 - 16:30 Source

Not quite a bath of blood here on Asian markets but there’s been a fair share of volatility as global supply chains are reworked and economists scratch their collective heads wondering where this will all end up. The USD remains under the pump against all the undollars except the Australian while bond markets surge as

The post Macro Afternoon appeared first on MacroBusiness.

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THE BLOT REPORT Friday, April 4, 2025 - 16:19 Source

The electric car maker Tesla was created by engineers Martin Eberhard and Marc Tarpenning who reputedly sought to make electric cars that were fast and fun to drive. The company was officially incorporated in 20031.

In January 2008, both Eberhard and Tarpenning were forced out of the company at the behest of investor Elon Musk, who subsequently took over as CEO2. Their departure was supposedly because of their inexperience in running such a company. 

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MacroBusiness Friday, April 4, 2025 - 14:00 Source

Momentum in Australia’s housing market has waned following the Reserve Bank of Australia’s (RBA) 0.25% interest rate cut in February. Last weekend’s combined capital city final auction clearance declined to 59.4%, down from 63.2% the prior week and 64.8% over the same week the previous year. The result was also the first time the final

The post RBA-induced house price rebound stalls appeared first on MacroBusiness.

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