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MacroBusiness Friday, October 24, 2025 - 13:00 Source

By Stephen Saunders As the Labor-Liberal uni-party institutionalises mass migration and fake net zero, the March for Australia protests continue. After October 19, the next one is Australia Day. In Australia, the distinction between the “left” and “right” wings is less and less useful. It’s theatre. The more useful distinction is the top 1-20% versus

The post The March for Australia is becoming the “opposition” appeared first on MacroBusiness.

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MacroBusiness Friday, October 24, 2025 - 12:30 Source

The Market Ear has more. The “healthy” reset 1. Gold has pulled back into key support at $3,944–4,000, likely forming the base of a new consolidation within an ongoing bull trend according to JPM’s commodities team. 2. The bank expects central banks and Chinese buyers to provide solid dip demand as stretched investor positioning eases.

The post Gold crash over? appeared first on MacroBusiness.

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MacroBusiness Friday, October 24, 2025 - 12:00 Source

I reported on Thursday how New Zealand’s rental growth has plummeted in response to the sharp decline in net overseas migration, which fell to only 10,628 in the year to August 2025, down from a decade average of 49,000. As illustrated below by Justin Fabo from Antipodean Macro, the collapse in net migration has helped

The post Canadian rents plummet alongside population growth appeared first on MacroBusiness.

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Renew Economy Friday, October 24, 2025 - 11:50 Source
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MacroBusiness Friday, October 24, 2025 - 11:30 Source

When the Trump administration and Albanese government inked a deal for the U.S. and Australian governments to invest $4.6 billion ($3 billion USD) in critical minerals projects across Australia, the announcement came with something of an added bonus for the U.S. shortly after: a claimed commitment that Australian superannuation funds would invest “almost $1 trillion”

The post Albo’s and Trump’s trillion dollar commitment appeared first on MacroBusiness.

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Your Democracy Friday, October 24, 2025 - 11:08 Source

Washington’s nine-month pause on new restrictions against Russia has come to an end. President Donald Trump has imposed his first sanctions of his second term – targeting two of Russia’s biggest oil companies, Rosneft and Lukoil, along with their subsidiaries.

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Renew Economy Friday, October 24, 2025 - 11:02 Source
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MacroBusiness Friday, October 24, 2025 - 11:00 Source

China HRC prices keep falling, indicating hot metal output is too high and must be cut to restore steel mill margins. Iron ore is on borrowed time while this dynamic persists. The Pilbara killer cometh. The Simandou project, the world’s largest source of untapped open-pit iron ore of the highest iron content located in Guinea,

The post Pilbara killer sows panic among among miners appeared first on MacroBusiness.

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xkcd.com Friday, October 24, 2025 - 11:00 Source

The inflection point was probably in late 1966 or 1967, so when Neil Armstrong flew to space on Gemini 8, plate tectonics was not widely accepted, but when he landed on the Moon three years later it was the mainstream consensus.

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Renew Economy Friday, October 24, 2025 - 10:34 Source
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MacroBusiness Friday, October 24, 2025 - 10:30 Source

The pent-up demand boost is gone, but there’s modest growth. Flash Australia Composite PMI Output Index: 52.6 Index, sa, >50 = growth m/m % qr/qr (Sep: 52.4) Flash Australia Services PMI Business Activity Index: 53.1 (Sep: 52.4) Flash Australia Manufacturing PMI: 49.7 (Sep: 51.4) Flash Australia Manufacturing PMI Output Index: 49.7 (Sep: 52.4) “While it

The post Aussie flash PMI stuck in a jobs rut appeared first on MacroBusiness.

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MacroBusiness Friday, October 24, 2025 - 10:00 Source

Earlier this week, housing minister Clare O’Neil lied on Twitter (X) claiming that “for the first time in a decade, new homes are being built faster”, that “the only way to make homes more affordable is to build more of them”, and “we’re doing exactly that”: O’Neil’s lies followed the release of the Australian Bureau

The post Clare O’Neil’s housing gaslighting tour continues appeared first on MacroBusiness.

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MacroBusiness Friday, October 24, 2025 - 09:30 Source

There is one thing that would put a serious cat amongst the pigeons for today’s gold and tech blowoff rallies, and that is an oil shock. A rising DXY chasing climbing real interest rates and inflation is a perfect storm for duration and gold. The news, then, is unsettling for bulls. U.S. President Donald Trump

The post And now for an oil shock? appeared first on MacroBusiness.

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MacroBusiness Friday, October 24, 2025 - 09:00 Source

A probable meeting between Xi and Trump next week gave some stability to markets over macro concerns that have outweighed earnings release on Wall Street, which rallied alongside European stocks overnight. Oil prices headed higher on more Ruzzian refinery setbacks and likely sanctions while the USD moved slightly lower against most of the majors except

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Friday, October 24, 2025 - 09:00 Source
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Your Democracy Friday, October 24, 2025 - 08:49 Source

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Renew Economy Friday, October 24, 2025 - 07:49 Source
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Your Democracy Friday, October 24, 2025 - 07:21 Source

French forces could be at war with Russia by 2028, the country’s newly appointed chief of staff, General Fabien Mandon, has claimed.

Moscow has repeatedly rejected claims that it plans to attack EU countries, saying any such allegations are being used by European politicians to scare the population and justify growing military spending. Russia has also said it is defending itself in the Ukraine conflict, accusing NATO of provoking the hostilities.

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Your Democracy Friday, October 24, 2025 - 06:50 Source

 

Federal politics: Nationals senator says 'malicious intent' behind Barnaby Joyce One Nation push — as it happened

Nationals senator Bridget McKenzie says she thinks former deputy prime minister Barnaby Joyce will remain in the Nationals party room after he left the door open to joining One Nation.

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Your Democracy Friday, October 24, 2025 - 06:25 Source

The plans are devised by Justice Michael Snow. He is the epitome of judicial prejudice. When Julian Assange appeared before Snow in the first hearing after being dragged from the Embassy, Snow called Assange a “narcissist” even though Assange had said nothing but to confirm his name, and no evidence had been led.

 

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MacroBusiness Friday, October 24, 2025 - 00:05 Source

Last month, the Albanese government unveiled Labor’s 2035 climate targets, which promise to reduce emissions by more than 62% and up to 70%. Meeting the target and then hitting net zero emissions by 2050 would require Australia to transform its energy system completely and would require an extraordinary amount of investment in new electricity generation,

The post Reality crashes down on renewable energy fantasies appeared first on MacroBusiness.

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Cheeseburger Gothic Thursday, October 23, 2025 - 18:30 Source

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Club Troppo Thursday, October 23, 2025 - 16:42 Source

  Since 2018, about 33,000 fewer Australian patients have suffered avoidable complications like infections, pressure sores, and surgical mishaps in our public hospitals each year, according to a recent study. That’s freed up an estimated 55,000 hospital beds, worth nearly $400 … Continue reading →

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MacroBusiness Thursday, October 23, 2025 - 16:30 Source

Asian share markets are facing mixed sentiment throughout the region with a squeeze on Ruzzian oil due to sanctions helping the sweet crude market while Japanese politics are seeing a selloff in Yen and in stocks. Currency markets are seeing some strength return to the USD which has been taking back its recent lost ground

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Thursday, October 23, 2025 - 15:23 Source
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Renew Economy Thursday, October 23, 2025 - 15:19 Source

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Renew Economy Thursday, October 23, 2025 - 14:44 Source
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Renew Economy Thursday, October 23, 2025 - 14:25 Source
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Your Democracy Thursday, October 23, 2025 - 14:04 Source

Olympic organizers have approved a croc-infested river as a venue for rowing and canoeing events at the 2032 Games in Brisbane, Australia, according to local media reports.

The Fitzroy River, some 600km north of Brisbane, was designated as an Olympic venue in March, but faced criticism from national and international organizations that warned the waterway did not meet technical standards. As well as its crocodile population, the river is known for its strong tides.

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MacroBusiness Thursday, October 23, 2025 - 14:00 Source

Stats New Zealand’s latest migration data revealed that only 10,628 net overseas migrants landed in the country in the year to August 2025. This migration inflow was well below the decade average of 49,000 and around 120,000 fewer than the late 2023 peak. The collapse in net migration has helped drive New Zealand rental growth

The post New Zealand tenants celebrate as rents crash appeared first on MacroBusiness.

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