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MacroBusiness
Tuesday, January 28, 2025 - 11:59
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The FT with the story. Donald Trump’s Treasury secretary Scott Bessent is pushing for new universal tariffs on US imports to start at 2.5 per cent and rise gradually, said four people familiar with the proposal. The 2.5 per cent levy would move higher by the same amount each month, the people familiar with it The post Australian dollar pounded as tariff talk resumes appeared first on MacroBusiness. |
MacroBusiness
Tuesday, January 28, 2025 - 11:30
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You can’t retain government on a commitment to retaining government, which is all Albo the backroom bovver boy has ever offered. A majority of voters for the first time expect the Coalition to win the next federal election, with Anthony Albanese sliding to the lowest approval levels since becoming Prime Minister amid a fall in support for The post Albo’s polling collapses appeared first on MacroBusiness. |
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Cheeseburger Gothic
Tuesday, January 28, 2025 - 11:19
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Had an idle chat in the car the other day about my perfect cafe. I surprised myself with the number of ideas I immediately had for such a thing. Almost as if I’d been thinking about it for years. In no particular order then, in JB’s cafe… |
MacroBusiness
Tuesday, January 28, 2025 - 11:00
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The data flow in Australia this week centres on Wednesday’s vitally important Q4 24 CPI release. This inflation print will make or break the case for the Reserve Bank of Australia (RBA) to deliver an interest rate cut at its next meeting on 18 February. CBA estimates that the policy-relevant trimmed-mean CPI rose by 0.5% The post D-Day approaches for Australian interest rates appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, January 28, 2025 - 10:30
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Ferrous markets are rallying into LNY. The underpinnings remain weak. Flat is OK. Long is not. Is tariff front running done? I’m a buyer of puts on strength into May seasonal weakness. The post Iron ore surges into the void appeared first on MacroBusiness. |
MacroBusiness
Tuesday, January 28, 2025 - 10:00
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In the last couple of weeks, the recovery in China’s primary property market has slowed. The secondary market slowed too, though not quite so much. Prices are threatening to bottom in both markets. Sentiment sucks. Oh dear! Stimulus lol. Ain’t no future ‘ere. Meanwhile, the wider economy also slowed with the January PMIs. Manufacturing. Services. The post Chinese property (and) recovery sputters appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, January 28, 2025 - 09:30
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The Market Ear with the carnage. It was late On Thursday we pointed out the logic on why it was “Getting Late To Chase The Market”. SPX has reversed aggressively right in the top of the range. 100 day comes in around 5950 (futures), but the big supports are down in the 5900/5850 area. This The post Deepseek pops the tech bubble appeared first on MacroBusiness. |
Your Democracy
Tuesday, January 28, 2025 - 09:09
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.... Speaking at the Jewish Community Centre in Krakow before the [Auschwitz] memorial, King Charles warned of the risks of allowing evil to flourish. On the eve of the war 56,000 Jews lived in Krakow, but when Nazi Germany was defeated only about 4000 Jews remained in the city. The community centre now has 1000 Jewish members including 58 Holocaust survivors, and is the heart of the city’s growing Jewish community. |
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MacroBusiness
Tuesday, January 28, 2025 - 09:00
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Big drama on Wall Street overnight as AI dragged tech stocks down heavily with the NASDAQ losing nearly 4% as Nvidia and others lost significant ground. Broader industrial shares were hit as well with European stocks also failing to advance, sending a dark signal for Asian markets on this morning’s open. The USD is getting The post Macro Morning appeared first on MacroBusiness. |
Renew Economy
Tuesday, January 28, 2025 - 08:31
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Your Democracy
Tuesday, January 28, 2025 - 07:54
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London: Britain would have the right to buy Greenland before the US, the island’s last Danish minister has said. Tom Hoyem was Copenhagen’s last permanent representative in the Arctic territory, which established its parliament in 1979 and began a new era of self-rule 30 years later. Donald Trump has made clear to Mette Frederiksen, Denmark’s prime minister, that he wants to place Greenland under American control. |
Renew Economy
Tuesday, January 28, 2025 - 07:44
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Your Democracy
Tuesday, January 28, 2025 - 06:19
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MacroBusiness
Tuesday, January 28, 2025 - 00:10
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CoreLogic’s daily dwelling values index shows that home values continue to decline across Sydney and Melbourne, down 0.3% and 0.5%, respectively, over the past 28 days. Data from CoreLogic also shows a sharp rise in the number of homes listed for sale across Sydney and Melbourne in recent weeks. The number of dwellings on the The post Aussie house price dominos fall appeared first on MacroBusiness. |
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MacroBusiness
Tuesday, January 28, 2025 - 00:05
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CTAs and systemics aggressively bought Australian dollars last week, undoing some of the recent bearish imbalance. BofA has more. With trend followers stretched long USD and only moderately long US equities, the SG CTA benchmark posted declines on the week. In FX, our model covered short EUR, GBP, and AUD positions this week and is The post When robots dream of Australian dollars appeared first on MacroBusiness. |
Your Democracy
Monday, January 27, 2025 - 23:04
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Sussan Ley's analogy comparing the arrival of the First Fleet to Australia with Elon Musk's efforts to get to Mars was "strange" and disrespectful to Indigenous people, the prime minister says. |
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Your Democracy
Monday, January 27, 2025 - 20:46
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The CIA on Saturday offered a new assessment on the origin of the Covid outbreak, saying the coronavirus is "more likely" to have leaked from a Chinese lab than to have come from animals. But the intelligence agency cautioned it had "low confidence" in this determination. |
Your Democracy
Monday, January 27, 2025 - 17:44
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Your Democracy
Monday, January 27, 2025 - 15:13
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US President Donald Trump has suggested that neighboring Arab countries should take in Palestinian refugees and “clean out” the embattled Gaza Strip. Speaking to journalists aboard Air Force One on Saturday, Trump said that he spoke to King Abdullah II of Jordan over the war and was planning to speak with Egyptian President Abdel Fattah el-Sisi on Sunday. |
Your Democracy
Monday, January 27, 2025 - 14:10
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“I do hold the view that the luckiest thing that happened to this country was being colonised by the British,” he said. “Not that they were perfect by any means, but they were infinitely more successful and beneficent colonisers than other European countries.” – John Howard, October 26, 2023.
The lucky Aborigines By Humphrey McQueen
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Your Democracy
Monday, January 27, 2025 - 13:01
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German Defence Minister Boris Pistorius has warned against ending support for Ukraine in its fight against Russian aggression. Source: Pistorius quoted by Zeit, as reported by European Pravda Details: Pistorius said that Ukraine needs to be able to act from a position of strength and possibly "be able to negotiate at some point". |
xkcd.com
Monday, January 27, 2025 - 11:00
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John Quiggin
Monday, January 27, 2025 - 09:41
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Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. |
John Quiggin
Monday, January 27, 2025 - 09:33
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As usual, 26 January has been marked by protests, denunciations of those protests, and further iterations. Even apart from the fact that it marks an invasion, the foundation of a colony that later became one of Australia’s states isn’t much of a basis for a national day. A logical choice would be the day our Federation came into force. Unfortunately for this idea, our Founders chose 1 Jan 1901. The first day of the 20th century[1] must have seemed like an auspicious choice for a new country, but it ruled out the anniversary as a national day. |
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Your Democracy
Monday, January 27, 2025 - 07:59
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The year 2025 had barely started when the outgoing Joe Biden administration presented a belated 'holiday gift' to Russian oil exporters. Washington announced a new sanctions package – the “most significant” yet, according to US officials. |
MacroBusiness
Monday, January 27, 2025 - 00:10
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Over the weekend, I was interviewed by Luke Grant from Radio 2GB/4BC, discussing the current debate over Australia’s housing crisis. The interview was in response to last week’s impassioned article in The SMH bemoaning that young Sydneysiders were leaving en masse, driven out by exorbitant housing costs. The article said nearly 40,000 prime-aged residents aged The post The Great Australian Housing Swindle appeared first on MacroBusiness. |
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Your Democracy
Sunday, January 26, 2025 - 22:11
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Your Democracy
Sunday, January 26, 2025 - 19:39
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Belarusian leader Alexander Lukashenko is set to cruise to victory after more than 30 years in power. Sunday's presidential election has been slammed as a sham, with his rivals broadly seen as government stooges.
Belarus: Lukashenko poised for 'farce' election victory
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Your Democracy
Sunday, January 26, 2025 - 17:49
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Top Trump ally Elon Musk has publicly thrown down the gauntlet to the world's leading liberal 'philanthropist' and his NGOs' color revolution-fueling soft power influence operations. Sputnik asked a leading independent political commentator what this could mean under Trump 2.0. |
Your Democracy
Sunday, January 26, 2025 - 17:40
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Will Thomas, assistant professor of business law at the University of Michigan’s Ross School of Business, has been keenly and carefully following the legal twists and turns surrounding Donald Trump. Thomas explores where things stand now that Trump is back in the White House: |
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