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US President Donald Trump has flagged an increase in his ‘liberation day’ baseline tariff to between 15% and 20%. Trump said countries that do not negotiate a special deal with the US will face an increase in the baseline tariff, which was originally set at 10%. “We are going to be setting a tariff, for

The post Why should Australia negotiate another US FTA? appeared first on MacroBusiness.

Who would want to be a traditional brick-and-mortar retailer in Australia? Not only are they dealing with intense competition from online behemoths like Amazon, Temu, and Shein, but they are still facing sagging sales growth. The latest retail trade data from the Australian Bureau of Statistics (ABS) highlights the point, with retail sales volumes rising

The post Aussie retailers remain locked in recession appeared first on MacroBusiness.

I have been banned from Facebook for a second time. The first time was some years ago, when I posted a simple statement along the lines of ‘with Brexit, the UK has shot itself in the foot’. The morons who ran the community standards system at Facebook told me that I was advocating violence, rather than just pointing out the stupidity of the UK leaving the European Union. I seem to remember that ban lasted for a week. In this latest episode, I have been permanently banned and was initially told that I have departed from community standards with regard to cybersecurity.

In the years since the pandemic, Canada has run one of the largest migration programs in the world in per capita terms, with its level of population growth rising to almost 3% in 2024, according to figures from the World Bank. This left Canada ranked 11th in the world for population growth, sandwiched between Angola

The post Canada faces migration revolt appeared first on MacroBusiness.

DXY is up and away! AUD broke its rising channel. Lead boots plodded over a cliff. Gold hit, oil the shit. Copper lol. The big bear is back. EM caput. Junk reverse. Yields firmed. Stocks held up. US GDP was at 3% in Q2, materially higher than expectations. ADP jobs rebounded above 104k. And the

The post Strong America, weak China crashes Australian dollar appeared first on MacroBusiness.

Cotality’s daily dwelling value index shows that across the five major capital city markets, home values rose by 0.6% in July, led by Perth (0.9%) and Brisbane (0.8%). Over the July quarter, values rose by 1.8% across the five major capital cities, with Perth (2.5%) and Brisbane (2.3%) again leading the way. The following chart

The post Aussie house price rocket ready to launch appeared first on MacroBusiness.

With integrated, long-term planning and a focus on innovation, Australia’s clean energy targets are widely seen as achievable.

RT has a larger American audience than CNN, former US Director of National Intelligence James Clapper has claimed. Clapper was a key figure behind the Russiagate conspiracy theory, which included claims that RT helped influence the election of Donald Trump over Hillary Clinton in 2016.

The Q1 national accounts release from the Australian Bureau of Statistics (ABS) showed that real per capita GDP decreased by 0.2% over the quarter. This was the ninth fall in per capita GDP in eleven quarters. The chart below compares the present decrease in real per capita GDP to previous episodes stretching back to the

The post Australian economy stuck in the “no growth” zone appeared first on MacroBusiness.

Republican Congresswoman Marjorie Taylor Greene has declared that the situation in Gaza amounts to a “genocide,” blasting the worsening humanitarian crisis and starvation in the enclave.

She also called on Hamas to release the remaining hostages captured during the Islamist group’s October 7 assault on Israel, which left around 1,200 people dead.

Rystad Energy says the cost of China-made offshore wind turbines has dropped by 50 per cent over the past four years, offering significant potential savings for Australian projects.

Via the always excellent Charlie McElligott at Nomura. From Left-Tail To Risk-Tail… 1). The “Trump Collar” helped to compress then collapse realized Volatility off the most extremely 100%ile levels April / May, as the market reconditioned to his reaction function (selling the call at the highs with emboldened tariff rhetoric, but long the put into

The post Do hedge now appeared first on MacroBusiness.