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MacroBusiness Thursday, January 30, 2025 - 09:30 Source

Wednesday’s Q4 CPI release from the Australian Bureau of Statistics (ABS) has increased pressure on the Reserve Bank of Australia (RBA) to cut the official cash rate. The headline CPI rose by 0.2% in Q4 2024 and the annual rate fell to 2.4% (i.e., around the middle of the RBA’s target band). The policy-relevant trimmed

The post Pressure builds on RBA to cut rates appeared first on MacroBusiness.

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MacroBusiness Thursday, January 30, 2025 - 09:00 Source

The latest FOMC meeting has come and gone with only a slight change in language as the US Fed negotiates the new “American Psycho Part 2” volatility. Bond yields jumped a little on the short end of the curve but were largely unchanged while the USD lifted across the board but gave up some of

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Thursday, January 30, 2025 - 08:11 Source

DXY is back. AUD is buggered again. But auld lead boots got Deepsuckered. The oil pop was specs. Dirt dead cat. Mining meh. EM meh. Junk thinks it can. Bear flattener! Stocks no likee. The Fed has pivoted again. Federal Reserve Chair Jerome Powell said officials are not in a rush to lower interest rates,

The post Australian dollar shredded as Fed hawks fly appeared first on MacroBusiness.

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Your Democracy Thursday, January 30, 2025 - 08:03 Source

The mystery independent contender for Peter Dutton’s seat of Dickson (Qld) is solved with the announcement Climate 200-backed environmental consultant Ellie Smith to contest the seat. Andrew Gardiner reports.She is not a “Teal,” Smith insists, but a “Maroon” independent.

 

‘Maroon independent’ to take on Dutton in Dickson unveiled     by Andrew Gardiner

 

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Renew Economy Thursday, January 30, 2025 - 07:47 Source
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Your Democracy Thursday, January 30, 2025 - 07:21 Source

Prime Minister François Bayrou sparked outrage from the opposition, and indignation from his allies, when he referred to a feeling of being “flooded” by immigration taking root in France. The prime minister was accused of citing the "Great Replacement" conspiracy theory that has fuelled the far right for decades.

 

French PM Bayrou sparks outrage with far-right rhetoric on migrant ‘flooding’

 

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Your Democracy Thursday, January 30, 2025 - 06:48 Source

For the second year running, lies have emerged as the primary risk facing humanity, in the Global Risks Survey 2024-25 conducted by the World Economic Forum of 900 experts worldwide.

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Your Democracy Thursday, January 30, 2025 - 06:22 Source

German Chancellor Olaf Scholz has called US billionaire's Elon Musk backing of a rival party in the country’s upcoming election “disgusting.” 

The SpaceX and Tesla founder has endorsed the right-wing Alternative for Germany (AfD) ahead of next month’s parliamentary vote. Appearing via video link at the party’s rally over the weekend, Musk urged Germans to reject the notion of generational guilt.

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MacroBusiness Thursday, January 30, 2025 - 00:10 Source

KPMG Australia is upbeat about the outlook for the housing market in 2025, spurred on by expected interest rate cuts. The firm expects house prices in Sydney to rise by 3.3% this year, followed by 7.8% growth in 2026. Prices in Melbourne are forecast to rise by 3.5% in 2025 and 6% in the following

The post Aussie house prices tipped to soar after rate cuts appeared first on MacroBusiness.

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Renew Economy Thursday, January 30, 2025 - 00:01 Source
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Renew Economy Wednesday, January 29, 2025 - 22:25 Source
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Renew Economy Wednesday, January 29, 2025 - 22:17 Source
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Your Democracy Wednesday, January 29, 2025 - 22:06 Source

The Ukraine conflict could end in two months of Kiev is deprived of the money and ammunition it depends on to continue fighting, Russian President Vladimir Putin has said.

Speaking to reporter Pavel Zarubin on Tuesday, Putin was asked about the possibility of a negotiated end to the Russia-Ukraine conflict.

“They can’t exist without their Western sponsors. They won’t last a month if the money and ammunition run out,”Putin told Zarubin.

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Your Democracy Wednesday, January 29, 2025 - 19:31 Source

President of Poland Andrzej Duda said that gas flows from Russia to Western Europe should never be restored, even if Russia and Ukraine reach a peace agreement.

Source: Duda in an interview with BBC; European Pravda reports

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Your Democracy Wednesday, January 29, 2025 - 18:42 Source

When dreaming up a name for a bold new research hub, the team at the University of Auckland Business School took on a semantic minefield. “We knew when we called our centre Dialogues on Inclusive Capitalism that the word ‘inclusive’ would upset half the world, and ‘capitalism’ would upset the other half,” says Professor Susan Watson, dean of the Business School and interim head of the centre. 

 

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MacroBusiness Wednesday, January 29, 2025 - 16:35 Source

Swan Bay, first light     AUD/USD     EUR/USD     USD/JPY     GBP/USD     Gold     West Texas Intermediate     Brent     Australia 200     US S&P 500     UK 100     Japan 225  

The post Macro Afternoon: 29 January 2025 appeared first on MacroBusiness.

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Renew Economy Wednesday, January 29, 2025 - 15:30 Source
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Renew Economy Wednesday, January 29, 2025 - 15:15 Source
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Renew Economy Wednesday, January 29, 2025 - 14:11 Source
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Renew Economy Wednesday, January 29, 2025 - 14:10 Source
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MacroBusiness Wednesday, January 29, 2025 - 14:00 Source

There really is not much more Tony Wood of the Grattan Institute can do to destroy Australia’s energy transition. He helped create the gas cartel by arguing against domestic reservation in 2013, aided by the sponsorship from his former employer and gas cartelier Origin Energy. He is currently arguing that LNG imports are our only

The post Grattan Institute has destroyed Australia’s energy transition appeared first on MacroBusiness.

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Renew Economy Wednesday, January 29, 2025 - 13:48 Source
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Renew Economy Wednesday, January 29, 2025 - 13:43 Source
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MacroBusiness Wednesday, January 29, 2025 - 13:30 Source

The superannuation guarantee is scheduled to increase to 12% in July, and Assistant Treasurer Stephen Jones says the federal government has no plans to expand it further. However, Labor’s national platform in 2023 included setting a ‘pathway’ to increasing the super guarantee to 15% once the initial target of 12% was reached. Jones says the

The post Labor right to axe 15% superannuation guarantee appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 29, 2025 - 13:00 Source

According to 9News, the Australian Olympic Committee has backed a bold, new proposal by Swimming Australia and other aquatic sports to build a multi-million dollar complex for Brisbane 2032. The Australian Olympic Committee is backing a bold, new proposal by Swimming Australia and other aquatic sports to build a multi-million dollar complex for Brisbane 2032.

The post Can Queensland afford the Olympics? appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 29, 2025 - 12:30 Source

Australians have suffered their deepest decline in material living standards in modern history. Real per capita household disposable income has collapsed by more than 8% since the Albanese government took office in Q2 2022, the sharpest decline on record. Australia’s decline in real per capita household disposable income has been among the worst in the

The post It’s official: Australians face lost economic decade appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 29, 2025 - 11:47 Source

The Australian Bureau of Statistics (ABS) has released the consumer price index (CPI) for Q4 2024, which printed below the Reserve Bank of Australia’s (RBA) expectations. Three of the Big Four banks forecast that the pivotal “trimmed mean” inflation would be 0.5% in Q4. The fourth Big Four bank (Westpac) was only slightly higher, tipping

The post Door opened for RBA rate cuts appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 29, 2025 - 11:30 Source

Much of the Western World is rapidly deindustrialising to meet ‘net zero’ emissions targets. For Example, the United Kingdom’s stringent restrictions on fossil fuel energy use have driven up energy costs, resulting in sharp contractions in all energy-intensive industries. The same deindustrialisation is happening in Germany, following similar “net zero” policies. Australians are also being

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MacroBusiness Wednesday, January 29, 2025 - 11:00 Source

Opposition Leader Peter Dutton has committed to reducing permanent migration to 140,000 a year if the Coalition wins the upcoming federal election. However, immigration influencer Abul Rizvi has led a group of pro-mass immigration shills warning against the cut, claiming that it is unworkable and would harm the economy. Rizvi argues that cutting the permanent

The post Migration shills pressure Peter Dutton appeared first on MacroBusiness.

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xkcd.com Wednesday, January 29, 2025 - 11:00 Source

They should add a little sticker that certifies that the humidifier supports water conservation, but in the sense of energy conservation or momentum conservation.

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