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MacroBusiness Saturday, February 15, 2025 - 00:10 Source

Australians are continually told that the nation’s housing crisis is a supply issue. We are told that the crisis would be resolved if planning was eased and the nation built more homes. As a result, we are being conditioned for a future of high-rise apartment living to accommodate the projected 13 million extra residents expected

The post Governments pour petrol on housing affordability bonfire appeared first on MacroBusiness.

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MacroBusiness Saturday, February 15, 2025 - 00:01 Source

International Reads: Trump’s Tariffs Could Add $20K To The Cost Of Building A New Home – IB Times US inflation report points to impending recession – UnHeard Trump claims Musk has already found ‘tens of billions’ in savings. Even DOGE’s social media accounts disagree – Independent US eggs prices hit a record high of $4.95

The post Weekend reading and media appearances appeared first on MacroBusiness.

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Your Democracy Friday, February 14, 2025 - 22:05 Source

Despite US President Donald Trump threatening Brics with 100% tariffs and declaring its death, the group remains important to India and is central to India’s multilateral engagement to secure national interests

 

Continuing his criticism of Brics, US President Donald Trump on Thursday announced the death of the group.

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Your Democracy Friday, February 14, 2025 - 18:59 Source

Kemi Badenoch and Nigel Farage have been announced as speakers at the Alliance for Responsible Citizenship (ARC) conference later this month alongside close allies of President Donald Trump and his anti-climate agenda, DeSmog can reveal.

ARC is a network of influential right-wing figures from across the world, and the group claims that its conference in London will “work to re-lay the foundations of civilisation”.

 

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Your Democracy Friday, February 14, 2025 - 16:39 Source

 

CNN — Federal agencies across Washington are finding ways to keep funding frozen even after judges last month temporarily blocked the White House’s effort to pause trillions of dollars in federal assistance.

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MacroBusiness Friday, February 14, 2025 - 16:00 Source

Asian share markets are fairly positive across the region although Japanese shares are suffering from a reversal in Yen strength and reports about more tariff diarrhea from the Felon in Chief while currency markets are still in flux but effectively rebuffing the continued trade war. The Australian dollar is now back to its mid January

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Friday, February 14, 2025 - 15:26 Source
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Renew Economy Friday, February 14, 2025 - 14:52 Source
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MacroBusiness Friday, February 14, 2025 - 14:30 Source

Another big month for markets. Our international portfolio in particular performed much better than benchmark, up almost 5% for the month, while our growth portfolio was not far behind.     Trump: Crash or crash through? Trump has begun an unprecedented attack on the norms of US lawmaking. The scale and scope of the attack

The post January 2025 MB Fund performance appeared first on MacroBusiness.

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MacroBusiness Friday, February 14, 2025 - 14:00 Source

These guys are something else. Origin is an original East Coast gas cartelier, has squeezed NSW to death with Eraring subsidies, has tried to dominate LNG imports, and put competing hydrogen out of business, as well as funding the Grattan Institute to corrupt the energy debate. Origin Energy chief executive Frank Calabria has urged policymakers

The post Gas Dracula demands access to bloodbank appeared first on MacroBusiness.

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Renew Economy Friday, February 14, 2025 - 13:55 Source
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Your Democracy Friday, February 14, 2025 - 13:35 Source

Ukraine was never promised NATO membership as part of any peace agreement with Russia, the US-led military bloc’s Secretary-General Mark Rutte has said. He added that the bloc should only ensure a new conflict between Moscow and Kiev will not break out in the future, he added.

Speaking to reporters on Thursday, Rutte said Kiev’s potential accession had never been tied to resolution of the ongoing conflict between Russia and Ukraine.

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MacroBusiness Friday, February 14, 2025 - 13:30 Source

Major bank ABS believes that the Reserve Bank of New Zealand will cut the official cash rate by 0.5% at next week’s monetary policy meeting. This would lower the official cash rate to 3.75%, down from last year’s peak of 5.5%. ASB expects two further 0.25% cuts in April and May and a 3.25% endpoint.

The post Reserve Bank to cut 0.5% next week appeared first on MacroBusiness.

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MacroBusiness Friday, February 14, 2025 - 13:00 Source

In October 2024, it was revealed that Victorian taxpayers paid more than $32.9 million to 102 executives working on the Suburban Rail Loop Authority (SRLA), averaging $322,000 a head. “It seems pretty clear from the annual report that we don’t have a railway line as much as we have a gravy train”, former Liberal Opposition

The post Victoria’s Suburban Rail Loop is a financial trainwreck appeared first on MacroBusiness.

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Renew Economy Friday, February 14, 2025 - 12:53 Source
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MacroBusiness Friday, February 14, 2025 - 12:30 Source

Gotti is having a baby, which tells you this is a good thing. The Greens will require big banks to offer all residential home borrowers a “homekeeper” loan facility which carries an interest rate of 1 per cent above the Reserve Bank’s cash rate. Investment and holiday home borrowers will not be entitled to the

The post Greens tax reforms not bad appeared first on MacroBusiness.

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Renew Economy Friday, February 14, 2025 - 12:15 Source
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MacroBusiness Friday, February 14, 2025 - 12:00 Source

Australia’s rental crisis appeared to be easing after CoreLogic and the Australian Bureau of Statistics (ABS) reported a marked easing in rental growth. However, the latest rental vacancy data from SQM Research suggests that the rental crisis has resumed. Following a period of rental easing during the second half of 2024, the national vacancy rate

The post Australia’s rental crisis worsens again appeared first on MacroBusiness.

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MacroBusiness Friday, February 14, 2025 - 11:30 Source

The former Coalition government’s Boosting Apprenticeship Commencements (BAC) program ran from October 2020 to June 2022 and was designed to turbocharge trainee and apprenticeship numbers coming out of the pandemic. The scheme allowed retail and hospitality businesses to claim up to $28,000 for first-year trainees and up to $6000 for a second year. Like most

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Your Democracy Friday, February 14, 2025 - 11:30 Source

https://www.youtube.com/watch?v=YWXzye1ozf4

Mitch McConnell TORCHED as Secretary of HHS is sworn in

 

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MacroBusiness Friday, February 14, 2025 - 11:00 Source

Thar she blows. Cyclone Zelia, a Cat5 monster, with wind speed approaching 320km/h building off the warmest seasonal waters since records began. There’s going to be some disruption. That said, it appears to be largely priced already, with iron ore completely dislocated from steel. Short is still the better part of long here, barring a

The post Cat 5 monster heads for iron ore town appeared first on MacroBusiness.

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xkcd.com Friday, February 14, 2025 - 11:00 Source

They may technically have been softwoods at some point, but they definitely aren't now.

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Renew Economy Friday, February 14, 2025 - 10:58 Source
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MacroBusiness Friday, February 14, 2025 - 10:30 Source

The financial woes of the Victorian government are well documented. The state had the nation’s highest per capita net debt in 2023-24 and the worst (AA) credit rating. The trajectory of Victoria’s debt is also concerning. The major ratings agencies—S&P and Moody’s—warned that they could further downgrade Victoria’s credit rating if debt levels are not

The post Welcome to Victoria: the bankruptcy state appeared first on MacroBusiness.

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MacroBusiness Friday, February 14, 2025 - 10:00 Source

Goldman’s excellent Andrew Boak takes on the third rail of Aussie economics.  Looking at the labour market, some indicators like employment growth, labour force participation and job vacancies do remain strong and appear to work against the case for easier monetary policy – however, our analysis highlights three reasons why these measures are overstating the

The post Why it is about to rain rate cuts appeared first on MacroBusiness.

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MacroBusiness Friday, February 14, 2025 - 09:30 Source

Energy buffoonery is an LNP speciality. Energy bills could rise by nearly 70% over the next 10 years under current government policy, a new report has estimated – findings likely to be seized on by the Coalition as it pushes its alternative plan. The federal Labor government has set the aggressive target of having renewable

The post Duttons’ gas supershock is the Argentine moment appeared first on MacroBusiness.

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Renew Economy Friday, February 14, 2025 - 09:19 Source
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MacroBusiness Friday, February 14, 2025 - 09:00 Source

Stock markets are essentially ignoring Trump’s tariff plans and keep heading higher across both sides of the Atlantic with an expectation of that positivity flowing over here in Asia for the last trading day of the week. The latest PPI data saw the USD give up ground against most of the undollars with a violent

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Friday, February 14, 2025 - 07:43 Source

The presentation discusses President Donald Trump’s approach to negotiations with Russian President Vladimir Putin regarding the Russia-Ukraine war. Analysts, including John Bolton and former British Commodore Steve Jeremy, argue that Trump has effectively "surrendered" to Putin by adopting negotiation terms that align with Russia’s interests before formal talks have even begun.

Key points include:

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Your Democracy Friday, February 14, 2025 - 07:37 Source

The depth of Australia’s slide into an irrelevant and untrustworthy minnow on the global stage was demonstrated when distinguished UN special rapporteur Francesca Albanese described the Australian prime minister’s refusal to criticise Donald Trump’s plan to turn Gaza into a neo-colonial capitalist venture for the benefit of his family and friends, as “pathetic”.

 

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