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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. |
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MacroBusiness
Monday, March 17, 2025 - 11:30
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Deloitte Access Economics released its Budget Monitor, which estimates an underlying cash deficit of $26.1 billion in 2024-25, $0.8 billion above the expected outcome in the 2024-25 Mid-Year Economic and Fiscal Outlook (MYEFO). Larger underlying cash deficits are also forecast over the following three years. Net debt is also expected to increase to 19.6% of The post Australia confronts a decade of budget deficits appeared first on MacroBusiness. |
MacroBusiness
Monday, March 17, 2025 - 11:00
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The Market Ear says buy. Keep it simple Oversold can stay oversold for longer than most think possible, but deeply oversold, like now, has led to violent bounces kicking in over the past years. Source: Refinitiv Time to (ever) place some buy orders? Still early in the month, but JPM estimates that the potential equity The post Stocks rock’n’rolla appeared first on MacroBusiness. |
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xkcd.com
Monday, March 17, 2025 - 11:00
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MacroBusiness
Monday, March 17, 2025 - 10:30
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Cheap energy is the life blood of any modern economy. Take it away and everything suffers. The Australian. Australian businesses have suffered the sharpest annual fall in gross operating margins in a quarter of a century due to inflation-driven costs, including a “staggering” 51 per cent spike in gas prices, putting at risk Jim Chalmers’ The post Twiggy embolism as LNG imports rejected appeared first on MacroBusiness. |
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Cheeseburger Gothic
Monday, March 17, 2025 - 10:14
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Starts off looking like a southern gothic crime thriller starring a beat down Kevin Bacon as a gnarled bounty hunter… Ok, you have my attention. Goes sideways. Hard. It looks kind of terrible, and yet… terribly good fun. |
MacroBusiness
Monday, March 17, 2025 - 10:00
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The pet shop has gone mad this weekend with all and sundry declaring ANZUS dead and Australia alone in the world. America may abandon NATO though I doubt that as well. It looks more to me like America wants Europe to pay its own way in its defence. There is no danger to America from The post America will not abandon Australia appeared first on MacroBusiness. |
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MacroBusiness
Monday, March 17, 2025 - 09:30
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Goldman with the note. Our US economists recently revised their growth forecasts and are now below consensus for the first time in almost three years. At the same time, our European economists responded to the unprecedentedGerman spending plans by upgrading their Euro area growth forecasts despitethe looming tariff threats. As a result, we are also The post Australian dollar has not bottomed appeared first on MacroBusiness. |
MacroBusiness
Monday, March 17, 2025 - 09:00
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While Wall Street rebounded on Friday night it was basically just a short covering exercise after falling for four weeks straight with expectations of higher volatility continuing this trading week amid the ongoing trade war and a very busy economic calendar, including the latest Fed meeting. European stocks got a breather as well but are The post Macro Morning appeared first on MacroBusiness. |
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John Quiggin
Monday, March 17, 2025 - 08:09
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It’s been evident since Trump’s inauguration that the US, as we knew it, is over. I’ve been looking at some of the US-centred organisations and economic dependencies that will need to be rebuilt. But I hadn’t given much thought to the university sector, where I work, until I got an urgent email asking everyone at the University of Queensland to advise the uni admin if we had any projects involving US funding. |
John Quiggin
Monday, March 17, 2025 - 08:07
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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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MacroBusiness
Monday, March 17, 2025 - 08:00
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I reported last week how Australian households have endured the largest decline in real per capita disposable incomes on record after falling by around 8% from their mid-2022 peak. Australia’s decline in real per capita household disposable incomes has also been the largest in the OECD since the beginning of the pandemic. Analysis of the The post Living standards collapsed under Labor and Coalition appeared first on MacroBusiness. |
MacroBusiness
Monday, March 17, 2025 - 07:00
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Last year, former federal Treasury official Stephen Anthony warned that Victoria could require a federal “bailout” amid soaring state debt, which hit $27,729 per person in 2023-24. “Victoria is on a suicide mission to record borrowing, just as global interest rates are about to hit 5%”, Anthony warned. “Potholes can’t get filled, emergency departments can’t The post Victoria turns welfare state appeared first on MacroBusiness. |
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Your Democracy
Monday, March 17, 2025 - 06:26
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Washington under President Donald Trump has created more “uncertainty”than the Covid-19 pandemic, Luis de Guindos, the vice president of the European Central Bank (ECB), has claimed. |
Your Democracy
Monday, March 17, 2025 - 06:06
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Knowing well in advance that Russia would reject it, the U.S. and Ukraine announced with fanfare that its ceasefire deal was in “Russia’s court” in what was an exercise of pure public relations, writes Joe Lauria. |
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Your Democracy
Monday, March 17, 2025 - 06:00
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Exclusive: Victoria Nuland and Robert Kagan have a great mom-and-pop business going. From the State Department, she generates wars and from op-ed pages he demands Congress buy more weapons. There’s a pay-off, too, as grateful military contractors kick in money to think tanks where other Kagans work, writes Robert Parry. By Robert Parry* |
MacroBusiness
Monday, March 17, 2025 - 00:05
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CoreLogic’s preliminary auction results reported a clearance rate of 71.4% for Sydney. This was the sixth consecutive week that the preliminary clearance rate was above 70%. The following chart shows the strong rebound in final Sydney clearance rates since the beginning of the year. Sydney’s final auction clearance rate has rebounded from an average of The post Sydney leads house price upswing appeared first on MacroBusiness. |
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Your Democracy
Sunday, March 16, 2025 - 20:37
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Prime Minister Anthony Albanese has said it is in "Australia's national interest" to stand with Ukraine following a virtual meeting with other world leaders designed to drum up support for ceasefire discussions. Mr Albanese joined a call with European and Commonwealth allies on Saturday night, hosted by UK Prime Minister Keir Starmer. |
Your Democracy
Sunday, March 16, 2025 - 19:15
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US bombs Yemen: As it happenedThe US president has ordered a “powerful military action” against the Yemeni-based Houthi militants Dozens of people were killed or injured after the US launched a major airstrike campaign against Yemeni-based Houthi militants, with President Donald Trump personally observing the operation as it unfolded. |
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Your Democracy
Sunday, March 16, 2025 - 15:47
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Renew Economy
Sunday, March 16, 2025 - 12:22
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Your Democracy
Sunday, March 16, 2025 - 07:37
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In trying to understand US President Donald Trump, the proposition has been put that he is sultanistic. In many respects, Trump’s second presidency does appear to be “sultanistic”. |
Your Democracy
Sunday, March 16, 2025 - 06:53
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Ukraine’s Vladimir Zelensky has claimed that Kiev has received widespread applause from its Western backers over its handling of the recent talks with the US in Saudi Arabia. The diplomatic success, he stated, puts Russia in a difficult situation that could be hard to “wiggle out of.” During a meeting in Jeddah on Tuesday, the Ukrainian delegation agreed to a US-proposed 30-day ceasefire. |
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Your Democracy
Saturday, March 15, 2025 - 21:02
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https://www.youtube.com/watch?v=WoqmVXkywCo Aaron Mate' HUMILIATES Rabbi Shmuley
WHO IS RABBI SHMULEY? |
The Tally Room
Saturday, March 15, 2025 - 18:00
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6:00 – Polls have just closed for the by-election for the New South Wales state seat of Port Macquarie, covering one of the larger regional cities on the mid north coast. I’m out tonight so probably won’t be live-blogging much, but you can discuss the results here and I might drop in a little bit. |
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MacroBusiness
Saturday, March 15, 2025 - 14:45
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Gunnamatta.Molva · 2025 March 14 Ben Aris and Gunnamatta Russia Ukraine and Europe Ben Aris is the Editor in Chief of BNE Intellinews, (bneeditor at Twitter), and he has been reporting on Russia and the former Soviet Union, with a focus on business, finance and economics since the 1990s. In that time he |
MacroBusiness
Saturday, March 15, 2025 - 09:41
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The face ripper is here as DXY falls and EUR rises. AUD to the moon! Lead boots are heavy. Base metals sold the fact. RIO’s copper is opening jaws to BHP. EM meh. Junk firmed. Bad new for all. Yields up as Germany’s Merz got his fiscal deal. Stocks to the moon! Three points of The post Australian dollar face ripper arrives appeared first on MacroBusiness. |
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New Politics
Saturday, March 15, 2025 - 08:00
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Your Democracy
Saturday, March 15, 2025 - 06:43
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HAVING BEEN A FOLLOWER OF PETER SELLERS SINCE THE 1960s AND USING THE GOON SHOW REPEATS ON BBC (ONE?) TO SHARPEN MY UNDERSTANDING OF THE ENGLISH LANGUAGE AND ITS HUMOUR — I HAVE RECENTLY DISCOVERED A LITTLE GEM FROM THE MASTER OF BUMBLING ALONG.
IN THE PICTURE ABOVE, THE RUSSIANS AND THE EUROPEANS ARE PLAYING THE GAME OF DIPLOMACY — WHICH IS A VERSION OF MONOPOLY, IN WHICH THE PLAYERS CAN BUY AND SELL OR DESTROY COUNTRIES…
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