MacroBusiness
Friday, July 11, 2025 - 09:30
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DXY is up and EUR down. AUD doesn’t care because Chyna! Lead boots are not so persuaded. Oil sense, gold trouble. Metals scream Chyna! Even big miners! EM meh. Yields edged up. Stocks stalled. Chyna! is going to yawnulate again! And consolidate! No it isn’t. But we can enjoy the rally while it lasts. Oddly, The post Australian dollar rockets on China hope appeared first on MacroBusiness. |
MacroBusiness
Friday, July 11, 2025 - 09:00
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New record highs for Wall Street and Bitcoin as the latest US weekly initial jobless numbers weren’t as high as expected, giving USD another lift against most of the undollars. However, the Australian dollar rallied on more Chinese stimulus speculation while Lots of auctions in the US Treasury market saw 10 year yields dip lower The post Macro Morning appeared first on MacroBusiness. |
Renew Economy
Friday, July 11, 2025 - 08:57
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Your Democracy
Friday, July 11, 2025 - 08:35
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This is the way the world ends, not with a bang but a flooding: With apologies to T. S. Eliot Every year the UN runs a Climate Change Conference – the next is scheduled for November in Brazil. High on the agenda will be the plight of Pacific Islanders seeing their homes drown. There’s an equally pressing need close by, but the solutions seem doomed. |
Renew Economy
Friday, July 11, 2025 - 07:22
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Renew Economy
Friday, July 11, 2025 - 07:18
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Your Democracy
Friday, July 11, 2025 - 06:46
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Your Democracy
Friday, July 11, 2025 - 06:04
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THE DEVIL OF MONEY We see people of adventure who hunt this curse To lock it in their purse each judges one’s misfortune that to make awful times better one would have to stop the blither.
All of you who criticise the spirit of this image, have you never paid money any homage? These warriors, these scholars, these learned doctors, These bourgeois, these merchants, this singer, |
Your Democracy
Friday, July 11, 2025 - 05:29
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I’m mesmerised by a beautiful system Full name is spelled De-mo-cra-cy It demands trust in a ma-jo-ri-ty A barking pack of dreadful MAGA men
When half of the people plus one are dumb And the others are super-intelligent like me Not a chance we have to really be Anything but full of stark darkly glum
Trump plays to enter all conversations Like a worm in Robert Junior’s brain |
Renew Economy
Thursday, July 10, 2025 - 17:04
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MacroBusiness
Thursday, July 10, 2025 - 16:00
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Most Asian share markets are mixed despite a solid lead from Wall Street overnight, with local stocks taking back their recent losses despite the constant bullying from the Trump regime’s tariffs on pharmaceuticals. There’s more tariff announcements and letter printing on the way, but of course we still await the TACO trade. Oil markets are The post Macro Afternoon appeared first on MacroBusiness. |
George Monbiot
Thursday, July 10, 2025 - 15:55
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Without resistance, a combination of new laws and new technologies of control will rush us towards dystopia. By George Monbiot, published in the Guardian 4th July 2025 No one can be trusted with power. Any government will oppress its people if not constantly and inventively challenged. And the task becomes ever-more urgent as new technologies of surveillance and control are developed. |
Renew Economy
Thursday, July 10, 2025 - 15:33
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Renew Economy
Thursday, July 10, 2025 - 14:32
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MacroBusiness
Thursday, July 10, 2025 - 14:00
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This is why. The Guardian. The West Australian Labor premier, Roger Cook, has encouraged his federal counterparts to consider a gas reserve on the east coast as it mulls a regulatory overhaul to shore up supply and contain prices. Cook said WA’s gas reservation policy, which requires offshore producers set aside 15% of supplies for The post Energy superidiot on course for Gasmageddon appeared first on MacroBusiness. |
Renew Economy
Thursday, July 10, 2025 - 13:48
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MacroBusiness
Thursday, July 10, 2025 - 13:30
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The Reserve Bank of New Zealand paused following the RBA this week. The decision was expected. ANZ sees it as temporary. Our view on today’s decision was that the recent soft data justified another 25bp OCR cut, but that lingering concerns about upside inflation risks would on balance see the Committee decide to hold the The post Reserve Bank to resume cutting interest rates appeared first on MacroBusiness. |
Renew Economy
Thursday, July 10, 2025 - 13:10
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MacroBusiness
Thursday, July 10, 2025 - 13:00
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Ferrous markets are hoping against hope! Nomura has a great assessment of the Chinese economy. It seems like “déjà vu all over again” for China’s economy. During the past few years, we have observed first halves associated with optimistic expectations for a sustained stock market boom, a decent growth recovery, an end to the property The post Iron ore enters the dragon’s den appeared first on MacroBusiness. |
MacroBusiness
Thursday, July 10, 2025 - 12:30
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Since the international borders reopened following the pandemic, a sizable proportion of Australia’s growth has stemmed from two sources: exports and government spending. Given the impact of the war in Ukraine on commodity prices, it’s self-evident that exports would play a major role in the growth of the economy. But there is a surprising factor The post International students make fake growth appeared first on MacroBusiness. |
MacroBusiness
Thursday, July 10, 2025 - 12:05
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Tesla has finally, sort of, launched driverless cars. Waymo is doing 250,000 trips per week. Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen look at the big picture for driverless cars and what they mean for investors. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. The post MB Fund Podcast: Are Driverless Cars Finally Ready? appeared first on MacroBusiness. |
MacroBusiness
Thursday, July 10, 2025 - 12:00
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Recently the topic of the total proportion of the population made up by migrants has been making headlines in the United States, Britain and parts of Europe. This prompted quite the level of conversation on social media, so I thought it would be interesting to see where Australia stands both relative to itself historically and The post Australia’s massive migration driven demographic shift appeared first on MacroBusiness. |
Renew Economy
Thursday, July 10, 2025 - 11:40
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MacroBusiness
Thursday, July 10, 2025 - 11:30
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Goldman with the note. Price data through May provide preliminary evidence on how tariff costs are being divided among foreign exporters, US businesses, and US consumers. Foreign exporters might absorb some of the costs by lowering their export prices to the US, which would show up as lower US import prices. Although aggregate US import The post How much inflation follows tariffs? appeared first on MacroBusiness. |
Renew Economy
Thursday, July 10, 2025 - 11:25
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Renew Economy
Thursday, July 10, 2025 - 11:19
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MacroBusiness
Thursday, July 10, 2025 - 11:00
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What a goose Albo is. He’s put Rudd in Washington to torpedo ANZUS and then used that as an excuse to cuddle up to Beijing. But the bill is coming due. A Trump administration review of the $368 billion AUKUS pact could see the US demand Australia pay more for submarines, The Sydney Morning Herald The post As Albo grovels in Beijing, Washington sends the bill appeared first on MacroBusiness. |
MacroBusiness
Thursday, July 10, 2025 - 10:30
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The Market Ear with more. Negative asymmetry for equities near-term Goldman’s macro strategists are not buying the summer melt-up thesis and are sounding more cautious than in a while. “We are tactically neutral in our asset allocation (OW cash, N equities/credit/bonds, UW commodities). We still expect a worsening growth/inflation mix in 2H and elevated risk The post Bad news is good news again. Or is it? appeared first on MacroBusiness. |
MacroBusiness
Thursday, July 10, 2025 - 10:00
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This is the ship of fools that nearly cut rates 50bps in May, then didn’t cut at all in the following meeting despite an economy that had clearly deteriorated. Chair Michele Bullock is not a macroeconomist. Deputy chair Andrew Hauser is a macroeconomist Marnie Baker AM is not a macroeconomist. Renée Fry-McKibbin is a macroeconomist. The post The RBA Board’s ship of unqualified fools appeared first on MacroBusiness. |
Renew Economy
Thursday, July 10, 2025 - 09:46
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