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Your Democracy Wednesday, February 5, 2025 - 11:02 Source

Ukrainian leader Vladimir Zelensky has expressed readiness to negotiate with Russian President Vladimir Putin if it is the only option to bring the Ukraine conflict to its end. 

He made the remarks during an interview with British journalist Piers Morgan, with excerpts published on Tuesday. When asked if he was prepared to meet with the Russian president, Zelensky indicated his willingness to do so.

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MacroBusiness Wednesday, February 5, 2025 - 11:00 Source

You know an election is coming up when Labor-leaning economist Stephen Koukoulas (‘The Kouk’) writes a propaganda piece in the Labor-leaning Independent Australia, claiming, “The miraculous Australian economy is the envy of the world”. Kouk claims, “The economy is kicking off 2025 in a fabulous spot structurally, even though the cyclical impact of high interest

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xkcd.com Wednesday, February 5, 2025 - 11:00 Source

It was great until my thumb slipped and I accidentally launched my telescope into the air at Mach 8.

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MacroBusiness Wednesday, February 5, 2025 - 10:30 Source

It is happening in real-time in front of our faces. Emergency alerts about a shortage of electricity reserves hit an all-time record for a last quarter of the year in 2024, new data has revealed, as NSW’s two largest coal power stations suffered a spate of debilitating faults. The Australian Energy Market Operator issued 144

The post Aussie energy superidiot hurtles towards disaster  appeared first on MacroBusiness.

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Renew Economy Wednesday, February 5, 2025 - 10:24 Source
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Renew Economy Wednesday, February 5, 2025 - 10:23 Source
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Renew Economy Wednesday, February 5, 2025 - 10:14 Source
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MacroBusiness Wednesday, February 5, 2025 - 10:00 Source

One has to ask why the Coalition seems to endorse the laundering of ‘dirty’ money into Australian property. Last year, the Coalition opposed legislation that included real estate agents, lawyers, and accountants in Australia’s anti-money laundering and terror financing regulatory net. These global “Tranche 2” anti-money laundering (AML) rules were first promised by the former

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MacroBusiness Wednesday, February 5, 2025 - 09:30 Source

Yesterday I found Trump’s opening salvos in his trade wars confusing. Applying 25% tariffs to Mexico and Canada for the same ostensible reason—fentanyl and illegal immigrants—made no sense given it only comes through Mexico. I theorised that the Canadian add-on was personal to Trump in light of Justin Trudeau’s poor relationship with him. Thinking it

The post Fake Fortress America takes shape appeared first on MacroBusiness.

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MacroBusiness Wednesday, February 5, 2025 - 09:00 Source

Risk markets bounced back overnight despite the Chinese tariffs coming into effect as Wall Street rebounded alongside European bourses as the overbought USD was pushed back by all the undollars. The latest economic news from the US and solid earnings reports overshadowed the Trump Trade War with the Federal Reserve still expected to cut once

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Wednesday, February 5, 2025 - 07:54 Source

China today is not the China of the pre-COVID age, but many commentators think it is still an economy based on cheap manufacturing.

 

Western commentators still unable to see the advances in China      By Daryl Guppy

 

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Your Democracy Wednesday, February 5, 2025 - 06:57 Source

Hard-right lobby group Advance Australia has amassed a $14m warchest to target Greens and Teals at the Federal Election. Michael West reports.

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Cheeseburger Gothic Wednesday, February 5, 2025 - 06:41 Source

Didn’t get the usual New Year’s rush at the gym this year. Perhaps people have wised up and just gone straight from the Christmas/NY seasonal binge to the early February revenge binge without passing through the gym for an expensive and ultimately pointless detour in January.

I’m cool with that. I do most of my workouts at home now, or at least my big compound lifts. Even on a normal day at the gym you’ll be lucky to get a rack if you want to do some long heavy squats or bench or whatever. Easier to just suck up the heat and humidity and do them at home. I save the gym for stuff I can’t do in my own space.

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MacroBusiness Wednesday, February 5, 2025 - 05:38 Source

DXY reversed. AUD is printing multiple hammer candles. CNY reopens today after the LNY break. Gold is massively overbought. Dirt having another crack. Miners meh. EM meh. Junk meh. Yields meh. Stocks only go up. If the last few days are an example of Trump tariff objectives, then what has the market to be afraid

The post Australian dollar rout is over appeared first on MacroBusiness.

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MacroBusiness Wednesday, February 5, 2025 - 00:05 Source

Australians have suffered their longest recession in modern history, with real per capita GDP declining for seven consecutive quarters as of Q3 2024. This decline in per capita GDP has been driven by the household sector, where consumption fell for six of the past seven quarters. This week, the Australian Bureau of Statistics (ABS) has

The post Is the consumer recession over? appeared first on MacroBusiness.

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Your Democracy Tuesday, February 4, 2025 - 21:44 Source

The storyDid you believe it 30 years ago when they told you that the Oslo Accords would bring peace to the Middle East? That Israel would finally withdraw from the Palestinian territories it had illegally occupied for decades, end its brutal repression of the Palestinian people, and allow a Palestinian state to be created there? That the longest runing sore for the Arab and Muslim worlds would finally be brought to an end?

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Renew Economy Tuesday, February 4, 2025 - 17:57 Source
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Renew Economy Tuesday, February 4, 2025 - 17:43 Source
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MacroBusiness Tuesday, February 4, 2025 - 17:00 Source

As Trump gets outmaneuvered by both Canada and Mexico, a new front in the trade war opened up against Chyna today which retaliated immediately in kind. Currency markets have reverted almost back to their pre-North American trade war starting points while gold continues to hold at record highs. Meanwhile the latest local consumer confidence figures

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, February 4, 2025 - 16:30 Source
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Cheeseburger Gothic Tuesday, February 4, 2025 - 16:29 Source

Been catching up on my media consumption thanks to my lack of news media consumption these last few months. By coincidence I finished off a couple of a TV show (The Agency) and an audiobook (The Ministry of Time) I’d been watching and listening to at the same time.

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Your Democracy Tuesday, February 4, 2025 - 16:26 Source

 

As trade negotiations played out, Trump welcomed billionaire media mogul Rupert Murdoch to the Oval Office as he signed an executive order to begin creating a US sovereign wealth fund. Trump praised the “legendary” Murdoch, as well as fellow billionaire Larry Ellison, who was also present for the announcement.

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Renew Economy Tuesday, February 4, 2025 - 15:26 Source
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Renew Economy Tuesday, February 4, 2025 - 15:17 Source
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Your Democracy Tuesday, February 4, 2025 - 15:06 Source

Zelensky has no idea where most of ‘$200 billion’ in US aid wentKiev has received far less than the amount cited by President Donald Trump and other US officials, the Ukrainian leader says

Washington has provided Kiev with just over $75 billion in military and other types of assistance, Ukrainian leader Vladimir Zelensky has claimed, adding that he has no idea where US President Donald Trump’s estimate of $200 billion originated or where it could have vanished.

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MacroBusiness Tuesday, February 4, 2025 - 14:00 Source

I have argued repeatedly that the Albanese government desperately needs the Reserve Bank of Australia (RBA) to cut interest rates to bolster its re-election chances. The record decline in real household incomes and the ongoing cost-of-living crisis have negatively impacted Labor’s polling position. Therefore, Labor needs the RBA to cut interest rates to regain voters’

The post RBA holds key to Labor’s re-election appeared first on MacroBusiness.

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Renew Economy Tuesday, February 4, 2025 - 13:58 Source
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MacroBusiness Tuesday, February 4, 2025 - 13:30 Source

“Evil” Anna Bligh is to leave the banking lobby after eight years of political profiteering. Former Queensland premier Anna Bligh will retire from the Australian Banking Association after eight years of lobbying for the major banks, a period when she helped restore the reputation of a sector battered by the Hayne royal commission. The ABA

The post Evil Anna recruited to run Satan’s lobby appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 4, 2025 - 13:00 Source

Emperor Xi and his CCP cronies have discovered a new and exciting way of pretending that the Chinese economy is rebalancing to consumption: vouchers. The first of the vouchers was an extra day for the LNY holiday to boost travel. It worked! But they forget to give them a cocktail voucher for when they go

The post China’s got a voucher for that appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 4, 2025 - 12:30 Source

Gallup released a survey in January, conducted across 140 countries with responses from 14,000 people (including 1,000 in Australia), showing that Australians are fed up with unaffordable housing. Only 22% of Australians were satisfied with home availability in 2024, a record low. In contrast, 76% expressed unhappiness, a discontent rarely seen in high-income countries. Only

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