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MacroBusiness Tuesday, August 12, 2025 - 10:00 Source

America is well prepared for the AI shock that is underway in its entry-level positions. It has sensibly reduced immigration to zero, ensuring that local youth are not competing with cheap foreign labour. Even so, there is increasing evidence that AI is moving faster than the economy can keep up. A few days ago, I

The post AI shock rips into American and Aussie youth appeared first on MacroBusiness.

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THE BLOT REPORT Tuesday, August 12, 2025 - 09:51 Source

As anyone who reads my stuff knows, I have been kicked off Facebook permanently, and while initially confused as to why it happened, I came to the conclusion that it was because of my posts about the genocide under way in Gaza and the running of the community standards system by zionists1. At the time, I said I’d look around for alternatives. I have been on social media for a while with the longest time spent on Facebook, followed by Xitter (perhaps as long as 8 years for the latter), while I joined both Mastodon2  and Tribel3  in November 2022 as possible alternatives to then Twitter, which had been taken over by the idiot Elon Musk.

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Renew Economy Tuesday, August 12, 2025 - 09:47 Source
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MacroBusiness Tuesday, August 12, 2025 - 09:30 Source

Melbourne’s housing market has experienced a long period of price stagnation compared with the other major capital cities. According to PropTrack, Melbourne’s median dwelling values rose by only 19.2% in the five years to July, compared with an average increase across the combined capital cities of 45.5%. Melbourne’s median dwelling value in July 2025 was

The post Bargain hunters circle Melbourne property appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 12, 2025 - 09:00 Source

Last night saw risk markets stumble due to a lack of economic catalysts as traders await tomorrow’s US CPI print to see how sticky the inflation from the Trump regime’s stupid tariffs are affecting US consumers and hence the trajectory of the US Federal Reserve. The USD was mixed or slightly higher against the majors

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Tuesday, August 12, 2025 - 08:13 Source

The Digital Media Bargaining Code, brainchild of Josh Frydenberg, unopposed by Labor, is lining the pockets of the big end of town. What’s the scam?

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Your Democracy Tuesday, August 12, 2025 - 06:55 Source

US President Donald Trump has described Russia as a “warring country,” saying Moscow has been engaged in conflicts for centuries and “just keeps on fighting.”

Trump made the remarks on Monday at a press conference, where he talked about his upcoming meeting with Russian President Vladimir Putin in the US state of Alaska to discuss a possible settlement of the Ukraine conflict.

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MacroBusiness Tuesday, August 12, 2025 - 06:25 Source

DXY is back! AUD is not. Lead boots plod on. Gold bashed. Metals too. Big bear intact. EM shaky. Junk fine. The curve steepened. Stocks sold. At issue is the US CPI tomorrow. Goldman. Our analysis implies that tariff effects have boosted the core PCE price level by0.20% so far. We expect another 0.16% impact

The post Australian dollar burned by inflation appeared first on MacroBusiness.

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Your Democracy Tuesday, August 12, 2025 - 06:22 Source

US President Donald Trump has again said that a land swap for peace will be discussed at the upcoming summit with Russian President Vladimir Putin in Alaska. The statement clashes with Ukraine’s Vladimir Zelensky’s earlier refusal to consider any territorial concessions.

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Your Democracy Tuesday, August 12, 2025 - 05:55 Source

 

The Department of Justice (DOJ) on Thursday upped the reward it’s offering for information that leads to the arrest of Venezuela’s President Nicolás Maduro to $50 million. 

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Your Democracy Tuesday, August 12, 2025 - 05:55 Source

 

Israel's ambassador to Australia Amir Maimon says the recognition of a Palestinian state will do nothing to end the war in Gaza.

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MacroBusiness Tuesday, August 12, 2025 - 00:05 Source

Research by the McKell Institute warns that thousands of manufacturing jobs in Australia are at risk, particularly in regional areas The report claims that China’s “aggressive” industrial subsidisation, now likely exceeding its defence spending, risks shuttering some 73,000 jobs in Australian regions reliant on refining and smelting metals. “In the short-term, China’s geoeconomic strategy is

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Renew Economy Monday, August 11, 2025 - 16:44 Source
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MacroBusiness Monday, August 11, 2025 - 16:00 Source

Asian share markets are having a much better start to the trading week although Japanese markets are closed for yet another holiday as Bitcoin and other crypto currencies are seeing big bids. Yen was relatively steady against USD as expected while Euro is climbing again as the Australian dollar holds firm above the 65 cent

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Monday, August 11, 2025 - 14:52 Source
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Renew Economy Monday, August 11, 2025 - 14:28 Source
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Renew Economy Monday, August 11, 2025 - 14:18 Source
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Renew Economy Monday, August 11, 2025 - 13:59 Source
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Renew Economy Monday, August 11, 2025 - 13:39 Source
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MacroBusiness Monday, August 11, 2025 - 13:30 Source

In most places, debate ultimately yields change. Not in Australia. Here we have fake debate and feasting vested interests. The on-again, off-again debate about negative gearing has been settled for now with Housing Minister Claire O’Neil ruling out any change, a day after Anthony Albanese poured cold water on implementing new tax changes before the

The post Labor will NEVER cut negative gearing appeared first on MacroBusiness.

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MacroBusiness Monday, August 11, 2025 - 13:00 Source

The ferrous complex is doing the seasonal thing. MySteel output is very strong this week. But can it be believed? MySteel has diverged wildly from CISA and NBS in the last few months. CISA and NBS usually track each other closely, so I am looking for a very weak July this week in NBS data.

The post A steel mystery emerges appeared first on MacroBusiness.

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MacroBusiness Monday, August 11, 2025 - 12:30 Source

The Market Ear on equity internals. A zero-sum doughnut “Getting a doughnut” in bonus is what all junior investment bankers fear. Somewhat common in 2002 and 2003 and very common in 2008. Probably very rare in today’s evergreen bull. Separate from bonuses, it was striking to us this Saturday morning when we looked at our

The post When will the AI bubble burst? appeared first on MacroBusiness.

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Renew Economy Monday, August 11, 2025 - 12:05 Source
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Renew Economy Monday, August 11, 2025 - 12:02 Source
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MacroBusiness Monday, August 11, 2025 - 12:00 Source

Over the last year in particular, the impact of international students on the nation’s rental market has sparked significant controversy. The debate has prompted a wide range of papers and reports on the issue, with the quality varying dramatically. In the July Reserve Bank bulletin, the denizens of Martin Place shared their perspective on the

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MacroBusiness Monday, August 11, 2025 - 11:30 Source

Government-funded jobs have artificially fueled Australia’s jobs boom over the past two years. As illustrated below by Alex Joiner from IFM Investors, around 80% of jobs created over the past two years have been in the non-market sector, which is reliant on government funding. The non-market sector generated around 658,000 jobs between Q1 2023 and

The post Australia’s job boom is over appeared first on MacroBusiness.

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THE BLOT REPORT Monday, August 11, 2025 - 11:25 Source

The first attempt to isolate a pancreatic extract by means of which the levels of blood glucose could be normalised in dogs was described by a Romanian researcher called Nicolae Paulescu1, but his experiments were interrupted by the First World War and were never acknowledged appropriately. However, after the war, in 1921, a young surgeon named Frederick Banting and his assistant Charles Best, from the University of Toronto, worked out how to remove insulin from a dog’s pancreas. With this extract, Banting and Best kept another dog with severe diabetes alive for 70 days—the dog died only when there was no more extract.

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MacroBusiness Monday, August 11, 2025 - 11:00 Source

Last week, Statistics New Zealand reported that the nation’s unemployment rate rose to 5.2% in Q2 2025, the highest rate since Q4 2016. As illustrated below by Justin Fabo from Antipodean Macro, New Zealand’s underemployment rate also surged, suggesting significant surplus capacity in the labour market. The rise in New Zealand’s labour underutilisation rate comes

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Cheeseburger Gothic Monday, August 11, 2025 - 10:32 Source

When I first mapped out the latest (and last) return to the Axis of Time universe, I thought I could wrap it up neatly in three books. One tight trilogy, finishing in November this year. Job done.

Hmmm. Yeah, nah. That’s… not going to happen.

As the writing has accelerated over the last couple of weeks, I’ve realised the story is still stretching its arms, refusing to be neatly tucked in. The characters keep getting up off the page, demanding their say. And the narrative possibilities keep offering more corners to explore and conflicts to resolve than my initial story map encompasses.

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MacroBusiness Monday, August 11, 2025 - 10:30 Source

In July last year, Stage Three tax cuts delivered the average household $2.200 per annum. These tax cuts have helped support a modest recovery in consumer spending. Perhaps the largest reason why the boost has been so modest, and is falling away fast, is that while the tax cut delivered an incremental gain in income,

The post Gas cartel devours tax and rate cuts appeared first on MacroBusiness.

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