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MacroBusiness
Tuesday, March 18, 2025 - 10:30
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Over the weekend, veteran budget watcher Chris Richardson published a stinging critique of Australia’s “third world” tax system, which punishes workers and collects too little tax from efficient sources. “Australia may be a first-world nation, but we increasingly have a third-rate tax system”, Richardson wrote. “It last got a spit and polish a quarter of The post How to fund income tax cuts appeared first on MacroBusiness. |
Renew Economy
Tuesday, March 18, 2025 - 10:10
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MacroBusiness
Tuesday, March 18, 2025 - 10:00
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The Chinese depression rolls on. Here’s the data wrap from Goldman. January-February activity data generally came in stronger than market expectations, although the magnitude of beat was modest. Industrial production (IP) growth moderated to 5.9% yoy in January-February from 6.2% yoy in December, faring much better than export growth which fell meaningfully in January-February. Fixed The post Chinese depression rolls on appeared first on MacroBusiness. |
MacroBusiness
Tuesday, March 18, 2025 - 09:30
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So much for the ferrous rally. Chinese Jan/Feb data was not encouraging as steel output fell 1.5%. Iron ore demand was better with BOF output down only 0.5%. The rolling annuals for pig iron ore versus recycled not likely to improve from here. Any hope of a rebound was crushed by housing data. New starts The post Steel and iron ore begin 2025 with a whimper appeared first on MacroBusiness. |
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Your Democracy
Tuesday, March 18, 2025 - 09:14
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Human intellectual abilities such as reasoning and problem-solving are diminishing, possibly due to increased exposure to visual media, the Financial Times (FT) has reported. Human intelligence appeared to peak in the early 2010s and has been in decline since, the FT added, citing PISA, an international benchmarking test for 15-year-olds that includes reading, mathematics and science, and adult cognitive evaluations. |
MacroBusiness
Tuesday, March 18, 2025 - 09:00
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Wall Street’s rebound from Friday night continued overnight across most risk markets despite a lacklustre US retail sales print as trader’s await this week’s FOMC meeting from the Federal Reserve. European stocks continue to outperform while the USD slipped further against Euro and Pound Sterling while building somewhat against Yen although that maybe in anticipation The post Macro Morning appeared first on MacroBusiness. |
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Your Democracy
Tuesday, March 18, 2025 - 08:23
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BRUSSELS, March 5th. /tass/. The European Commission (EC) estimates the total level of unused savings of EU citizens at €10 trillion, and it intends to find ways to mobilize this money to finance its plans to militarize Europe and support the European military-industrial complex. This is stated in a statement issued by the EC's press service by Maria Luis Albuquerque, European Commissioner for Financial Services and Investments. |
Your Democracy
Tuesday, March 18, 2025 - 07:58
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The Albanese Government has jammed itself by trying to not talk about the greatest threat to Australia’s future, but has now opened itself to the charge of playing politics with security issues. |
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Your Democracy
Tuesday, March 18, 2025 - 07:35
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Russia has accused the United Kingdom of engaging in modern-day piracy following former British Prime Minister Rishi Sunak’s call to seize the Russian assets that were frozen in the West as part of Ukraine-related sanctions. In a social media post on Sunday, Foreign Ministry spokeswoman Maria Zakharova likened Sunak’s position to historical acts of piracy. |
MacroBusiness
Tuesday, March 18, 2025 - 07:09
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DXY to the ground. AUD follows EUR. And lead boots. Alas, oil refused to break. Bonus chart! Not much room left to sell. Goldman has cornered copper. Miners meh. EM another crack. Credit is fine. No good for stocks. Curve smasher. Stocks to the moon! The impressive Treasury Secretary, Scott Bessent, maintained the rage as The post Australian dollar scorches higher as bad news turns good appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, March 18, 2025 - 07:00
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Over the weekend, I was interviewed by Luke Grant from Radio 2GB/4BC where I dissected the policy failures that are driving the nation’s energy price shocks. Below is a summary of the topics discussed. Electricity prices soar by up to 9% Labor’s 2021 Powering Australia Plan, released prior to the last federal election, promised that The post Australia’s failed energy system crashes on economy appeared first on MacroBusiness. |
Renew Economy
Tuesday, March 18, 2025 - 06:09
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MacroBusiness
Tuesday, March 18, 2025 - 00:05
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MacroBusiness has been vocal about Australia’s immigration-driven housing crisis for years. The data is unmistakable. Australia’s rental affordability has collapsed to a record low, with households required to dedicate a record share of their income to secure a rental home. Underpinning the collapse in rental affordability are surging rents, which have risen nearly 50% nationally |
Your Democracy
Monday, March 17, 2025 - 18:18
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Dr Edmund Freud of the European Centre for Political Pathologies recently completed a secret in-depth review of world leaders for the United Nations Security Council. His reports on President Emmanuel Macron and Prime Minister Keir Starmer are now public, thanks to hackers, believed to be Russian, who have posted the findings on Tik-tok.
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MacroBusiness
Monday, March 17, 2025 - 17:30
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It’s green across the board here in Asia after the weekend gap with the short covering exercise on Wall Street extending across the regions share markets. The USD is failing to fight back as it remains weak against Euro and Pound Sterling although is holding against Yen this afternoon, as traders await this week’s FOMC The post Macro Afternoon appeared first on MacroBusiness. |
Your Democracy
Monday, March 17, 2025 - 16:34
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European militarism on steroids is not good, eitherLacking in any strategic thinking, a new bellicism has swept up the elites and gone into cataclysmic overdrive in recent weeks U.S. security experts and leaders have been telling European NATO allies to increase their defense spending for at least a quarter century, initially as a gentle nudging, later more insistently, rising to a deafening din after Trump’s election.
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Renew Economy
Monday, March 17, 2025 - 15:32
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Renew Economy
Monday, March 17, 2025 - 15:28
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Danish giant behind huge Australian renewables pipeline rakes in more than $A20 billion in new funds |
Your Democracy
Monday, March 17, 2025 - 15:15
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French Member of the European Parliament Raphael Glucksmann has urged the United States to return the Statue of Liberty, claiming that recent policy shifts under President Donald Trump contradict the fundamental values the monument represents. |
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Renew Economy
Monday, March 17, 2025 - 14:25
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Renew Economy
Monday, March 17, 2025 - 14:11
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MacroBusiness
Monday, March 17, 2025 - 14:00
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The Australian economy narrowly exited a per capita recession in Q4 2024 after recording 0.1% growth. This followed 21 months of consecutive declines in per capita GDP. In a speech to be delivered in Queensland on Tuesday, Treasurer Jim Chalmers will reportedly reveal that Cyclone Alfred’s immediate impact on GDP is estimated to be $1.2 The post Cyclone drives Australia back into recession appeared first on MacroBusiness. |
MacroBusiness
Monday, March 17, 2025 - 13:30
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Australian universities long since stopped serving the public interest. They are now little more than visa factories for the disastrous immigration-led economic model and funnels of Chinese and other autocratic influence. Governments have been captured by the universities by becoming retirement homes with large sinecures for failed politicians. If we can’t cleanse the system ourselves The post Let universities answer to Trump appeared first on MacroBusiness. |
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Renew Economy
Monday, March 17, 2025 - 13:27
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MacroBusiness
Monday, March 17, 2025 - 13:00
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Chinese credit for February failed to launch with Total social financing up another measly 0.2% to 8.2% yoy. The composition was worse as household credit plunged 390bn, leaving big questions over the housing recovery. In fact, private credit kept ebbing away while government bonds filled the gap. There is nothing here to end the depression The post Chinese credit fails to launch appeared first on MacroBusiness. |
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Renew Economy
Monday, March 17, 2025 - 12:32
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MacroBusiness
Monday, March 17, 2025 - 12:30
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Institute of Public Accountants senior tax adviser Tony Greco estimated the federal government is losing around $564 million annually of tax revenue due to the Fringe Benefits Tax (FBT) exemption for certain battery electric vehicles (BEVs) and plug-in hybrids (PHEVs). There’s no time limit on the scheme for BEVs. However, the FBT exemption will expire The post EVs are a budget black hole appeared first on MacroBusiness. |
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MacroBusiness
Monday, March 17, 2025 - 12:00
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Sense never lasts long in the iron ore market. The market is still trading the long gone Pilbara cyclones. With China stocks down. Even though production is well and truly recovered. Apparent demand is a little better that 2024 for flat. And a little worse for long. Ahead are cuts, cuts, cuts! But the market The post Major bank: Iron ore to crash appeared first on MacroBusiness. |
THE BLOT REPORT
Monday, March 17, 2025 - 11:55
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According to Yuri Shvets, who was posted to Washington by the USSR in the 1980s, Donald Trump was cultivated as a Russian asset over 40 years and proved so willing to parrot anti-western propaganda that there were celebrations in Moscow. Shvets was a key source for American Kompromat, a book by journalist Craig Unger. Shvets, a KGB major at the time, had a cover job as a correspondent in Washington for the Russian news agency Tass. He moved to the US permanently in 1993 and gained American citizenship. He worked as a corporate security investigator and was a partner of Alexander Litvinenko, who was assassinated in London in 2006. |
