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MacroBusiness Tuesday, September 9, 2025 - 00:05 Source

Broadcaster Kel Richards has lamented the “tragic” death of the Australian backyard in a segment on Sky News. “Figures came out … in which they showed there are relatively fewer standalone homes being built and far more high rise apartment blocks being built”, Richards said. “I call the death of the great Aussie backyard, I

The post The ‘death of the backyard’ is inevitable appeared first on MacroBusiness.

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Renew Economy Tuesday, September 9, 2025 - 00:01 Source
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Your Democracy Monday, September 8, 2025 - 20:13 Source

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Prosper Australia Monday, September 8, 2025 - 20:11 Source

Ross Gittins wins 2025 E.J. Craigie Writing Award for the best article reflecting the ideas of Henry George. Prosper Australia is pleased to announce Economics Editor for The Age/Sydney Morning Herald, Ross Gittins, as the recipient of the E.J. Craigie Writing Award for 2025 for his article: Productivity Commission wants our big mining companies to […]

The post Esteemed economics journalist Ross Gittins wins 2025 E.J. Craigie Award first appeared on Prosper Australia.

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Renew Economy Monday, September 8, 2025 - 18:26 Source
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Renew Economy Monday, September 8, 2025 - 18:17 Source

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Renew Economy Monday, September 8, 2025 - 18:15 Source

 Neoen.

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Your Democracy Monday, September 8, 2025 - 18:07 Source

Ten days after Chancellor Friedrich Merz declared that Germany could no longer afford the welfare state, the leaderships of the ruling Christian Democratic Union/Christian Social Union (CDU/CSU) and Social Democratic Party (SPD) have agreed to a massive reduction in social benefits.

German government coalition partners agree on massive social cutbacks

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The Tally Room Monday, September 8, 2025 - 16:32 Source

The first round of public submissions for the Queensland state redistribution were published last week – about three weeks after they were submitted to the Commission. So I thought it would be useful to examine what they say, with a particular focus on the major party submissions.

There are four rounds of submissions:

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MacroBusiness Monday, September 8, 2025 - 16:30 Source

Asian share markets are mostly higher across the board as traders anticipate more Fed easing after Friday night’s US jobs print showed the Trump regime’s economic malaise continues although local stocks had a little stumble. Meanwhile bond markets are trying to recover with many long dated yields across the UK, Japan and USA backing off

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Monday, September 8, 2025 - 14:33 Source
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MacroBusiness Monday, September 8, 2025 - 14:00 Source

Prime Minister Anthony Albanese is back at it, lying that a renewables-based future will deliver Australia an “era of growth and prosperity” with the private sector leading the charge. “The global shift to clean energy is the biggest economic transformation since the industrial revolution and it is a profound economic opportunity for Australia”, Albanese will

The post Albo gaslights on the true cost of renewables appeared first on MacroBusiness.

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MacroBusiness Monday, September 8, 2025 - 13:30 Source

Morgan Stanley is very DXY bearish. The US dollar has remained remarkably stable in recent weeks. Even the political noise surrounding potential personnel changes at the Federal Reserve and the decline in front-end UST yields have not rattled the greenback. This resilience stems in part from a perception that the US economy is absorbing import

The post Major bank: Australian dollar to 70 cents appeared first on MacroBusiness.

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MacroBusiness Monday, September 8, 2025 - 13:00 Source

The US jobs market is weak and getting weaker. The Friday BLS report has some dour implications for Australia. Total nonfarm payroll employment changed little in August (+22,000) and has shown little change since April, the U.S. Bureau of Labor Statistics (BLS) reported today. The unemployment rate, at 4.3 percent, also changed little in August. A job

The post AI gobbles US jobs in warning to Australia appeared first on MacroBusiness.

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Renew Economy Monday, September 8, 2025 - 12:55 Source
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Renew Economy Monday, September 8, 2025 - 12:49 Source
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MacroBusiness Monday, September 8, 2025 - 12:30 Source

The fake left is as dangerous as it is stupid. …a contribution from the strategist and former Kevin Rudd staffer Lachlan Harris stands out this week. Responding to Hugh White’s recent Quarterly Essay, Hard New World, Harris, a businessman and student of political communications, makes the case that the next great prime minister will be

The post Fake left demands China rule Australia appeared first on MacroBusiness.

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Renew Economy Monday, September 8, 2025 - 12:12 Source
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MacroBusiness Monday, September 8, 2025 - 12:00 Source

On Sunday, I appeared on Freya Leach’s Sky News show, Freya Fires Up, to debate Kos Samaris on the merits of Australia’s migration system. The segment ended up being more of a polite discussion rather than a debate, given that we agreed on most things. Nevertheless, a list of potential discussion topics was sent beforehand,

The post The great immigration debate appeared first on MacroBusiness.

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MacroBusiness Monday, September 8, 2025 - 11:30 Source

The ferrous complex remains drunk as steel margins evaporate. And then there is this. S&P. Today, we are witnessing a resurgence in capital expenditure focused on iron ore, contrasting with the overall capital decline in the mining industry. Notably, a significant portion of this investment, focused on iron ore, is directed toward Guinea and the Simandou Blocks 1 & 2 and Simandou Blocks 3 & 4 projects. Simandou is a particularly high-grade deposit, with grades averaging 65.8%

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Renew Economy Monday, September 8, 2025 - 11:21 Source
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Renew Economy Monday, September 8, 2025 - 11:15 Source
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MacroBusiness Monday, September 8, 2025 - 11:00 Source

The Market Ear on bulls versus bears. It’s like déjà vu all over again “The current set-up is very similar to where things stood a month ago.  Recent stock market dip and recovery back to ATHs? Check. US equity positioning above average, but declining slightly? Check. HF gross leverage near highs? Check. Momentum performance choppy, but still near highs?

The post Long all the things! appeared first on MacroBusiness.

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MacroBusiness Monday, September 8, 2025 - 10:30 Source

The Price is right. The federal opposition is in damage control following firebrand senator Jacinta Nampijinpa Price’s claims the government is accepting “large numbers” of Indian migrants into Australia to bolster Labor’s vote. Polling strongly suggests that Jacinda Price is right (especially now she has said it!). Indian migrants voted strongly for Labor at the

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Your Democracy Monday, September 8, 2025 - 10:09 Source

One time in Thailand, however many years ago, I was listening to a young lady complain about Chinese people. I had some sympathy to her complaints, as Chinese tourists can be overbearing. On the whole, they spend so much money, it is hardly fair to complain. And the thing about this is: China developed so rapidly that the average 30 year old has parents who grew up in a rice field.

 

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MacroBusiness Monday, September 8, 2025 - 10:00 Source

Last month, the Reserve Bank of Australia (RBA) lowered the official cash rate (OCR) by 0.25% to 3.60%. This marked the third 75 bp rate cut this year. Most economists and financial markets have tipped the RBA to deliver another two 25 bp rate cuts by mid-2026. The associated decline in mortgage rates has improved housing

The post Rate cuts offer false dawn for housing affordability appeared first on MacroBusiness.

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xkcd.com Monday, September 8, 2025 - 10:00 Source

The draw-by-repetition rule does a good job of keeping players from sliding a tile back and forth repeatedly, but the tiles definitely introduce some weird en passant and castling edge cases.

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MacroBusiness Monday, September 8, 2025 - 09:30 Source

This is good from The Australian. …Manufacturing Australia, which counts BlueScope, Tomago Aluminium and CSR as members, told the government review that east coast-based manufacturers pay between $12 and $19 per gigajoule for gas compared with the US, where prices are $5 to $7/GJ in comparison. …The group said Australia must target a delivered gas

The post Willox sells his members to the gas cartel appeared first on MacroBusiness.

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MacroBusiness Monday, September 8, 2025 - 09:00 Source

No surprise or upward Sharpie revision on Friday night as the actual US jobs print came out and was bad all over, with prior results also revised down, giving a clear run to a September rate cut by the Fed and possibly two more by the end of the year. Wall Street held steady as

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Monday, September 8, 2025 - 08:00 Source

Being a renter in Australia has turned into the Hunger Games. The record surge in migration post-COVID has added extraordinary rental demand, illustrated neatly below by Justin Fabo at Antipodean Macro. As a result, capital city asking rents soared as more people competed for housing. At the end of 2024, Cotality (formerly CoreLogic) estimated that

The post Being a renter in Australia is like the Hunger Games appeared first on MacroBusiness.

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