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MacroBusiness Tuesday, March 25, 2025 - 09:00 Source

Overnight saw the still quite hesitant risk complex jump for joy as the Mango Mussolini decided to perhaps, maybe pull back his upcoming April 2nd tariff threats a smidge which gave Wall Street the excuse to bid everything higher as the Trump Dump and Pump scheme continued. European stocks were caught flatflooted however while the

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 25, 2025 - 07:00 Source

Last week, the lies and propaganda promoting the unprecedented increase in international students peaked. Not only did we see researchers from the University of South Australia argue that there is no link between the record surge in international students and the cost of rent, but we also saw the CEO of the elite Group of

The post Universities bald face lie on education exports appeared first on MacroBusiness.

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Your Democracy Tuesday, March 25, 2025 - 06:54 Source

The US military’s carbon bootprint is enormous. Like corporate supply chains, it relies upon an extensive global network of container ships, trucks and cargo planes to supply its operations with everything from bombs to humanitarian aid and hydrocarbon fuels. Our new study calculated the contribution of this vast infrastructure to climate change.

 

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Your Democracy Tuesday, March 25, 2025 - 06:16 Source

Today, on the 22nd anniversary of the 2003 U.S. invasion of Iraq, key architects and commanders of this monstrous war crime, from Condoleezza Rice to David Petraeus, sit comfortably in cushy positions at top American universities.

 

War Architects Enjoy Top Academic Gigs 22 Years After Illegal Invasion of IraqAs Gaza’s genocidaires receive plum positions at universities, they’re joining a cohort of experienced warmongers.

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Your Democracy Tuesday, March 25, 2025 - 05:47 Source

Scientists, who generally wear white laboratory jackets so they are not confused with economists, have a canon of sacred texts. Pride of place is occupied by the journal Nature, which is now a collection of specialised magazines that cover scientific advances in most measurable phenomena. Of course, trades and professions also have their stable of news and reference works while the public have Fox, the Murdoch press and social media.

 

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Your Democracy Tuesday, March 25, 2025 - 05:32 Source

US President Donald Trump’s special envoy to the Middle East, Steve Witkoff, who has played a central role in opening negotiations on resolving the Ukraine conflict, is “spreading Russian propaganda” and should be sacked, according to a senior Ukrainian lawmaker.

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MacroBusiness Tuesday, March 25, 2025 - 00:05 Source

According to CoreLogic’s most recent monthly house price report, Melbourne was the cheapest major capital city property market, with a median price of $772,561 as of February 28, 2025. Melbourne’s relative affordability comes after a value gain of only 8.2% over the last five years, compared to a 38.9% increase nationally. The following chart, derived

The post Value seekers drive Melbourne house price rebound appeared first on MacroBusiness.

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Renew Economy Monday, March 24, 2025 - 19:59 Source
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THE BLOT REPORT Monday, March 24, 2025 - 17:59 Source

A couple of years ago, I got into a discussion about Artificial Intelligence (AI) with a couple of people who write computer code (in Python) as part of their jobs.  They suggested that I could use it to kick-start rants on this blog. At the time, ChatGPT was the AI version in the headlines, and they suggested that I should use it. Initially, I wanted to find out how I could get it to work for me, so I queried it about its capabilities. The ‘query’ I sent to it was: “I am just trying to obtain an understanding of the capabilities of ChatGPT and to work out if it will be of use to me”.

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MacroBusiness Monday, March 24, 2025 - 16:30 Source

Another very mixed session across Asian stock markets reflecting the growing unease over the weekend as the April 2 “tariff letter” deadline starts to come into focus. While Wall Street managed a positive return on Friday night it was marginal at best with Chinese markets now pulling back while local stocks also treaded water. The

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Monday, March 24, 2025 - 15:33 Source
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Renew Economy Monday, March 24, 2025 - 15:19 Source
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Renew Economy Monday, March 24, 2025 - 15:07 Source
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Renew Economy Monday, March 24, 2025 - 15:00 Source
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Renew Economy Monday, March 24, 2025 - 14:19 Source
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Renew Economy Monday, March 24, 2025 - 14:02 Source
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MacroBusiness Monday, March 24, 2025 - 14:00 Source

With the election expected to be called this weekend for a poll date of either May 3 or May 10, opinion polls remain too close to call. The latest Redbridge polling, released on Thursday, showed that Labor was ahead 51% to 49% on a two-party preferred basis, hitting the lead for the first time in

The post Peter Dutton blew his chance with policies nobody asked for appeared first on MacroBusiness.

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MacroBusiness Monday, March 24, 2025 - 13:30 Source

The Reserve Bank of Australia (RBA) has been notoriously poor at forecasting Australian wage growth. For the past 15 years, the RBA’s Statement of Monetary Policy (SoMP) has consistently forecast higher wage growth than realised. The RBA looks to be making the same mistakes, with Australian wage growth now falling despite Australia’s low unemployment rate

The post RBA dead wrong on full employment and wages appeared first on MacroBusiness.

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Renew Economy Monday, March 24, 2025 - 13:12 Source

Minister for Energy Angus Taylor during Question Time in the House of Representatives at Parliament House in Canberra.</body></html>

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Renew Economy Monday, March 24, 2025 - 13:10 Source
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MacroBusiness Monday, March 24, 2025 - 13:00 Source

Every time I read one of these articles, the Grattan Institute appears as the independent voice of reason. SMH. As the risk of shortfalls edges closer, state and federal energy ministers are becoming increasingly worried that talks between LNG terminal developers and prospective customers appear deadlocked, with neither party able to agree on price and

The post Grattan’s Institute pumps Gasmageddon appeared first on MacroBusiness.

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MacroBusiness Monday, March 24, 2025 - 12:30 Source

Goldman with the argument. USD: Diminished, not finished. We downgraded our Dollar forecasts last week but still expect some Dollar strength from current levels. …we think the market has rapidly repriced the shift in the growth outlook, and ran ahead of the forecast changes our teams have made for 2025. In the case of the

The post Australian dollar to boom or bust with Europe? appeared first on MacroBusiness.

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John Quiggin Monday, March 24, 2025 - 12:17 Source

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.

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MacroBusiness Monday, March 24, 2025 - 12:00 Source

Former Treasury Secretary Dr Martin Parkinson, who led the federal government’s 2023 Migration Review, admitted that Australia’s mass immigration policy has failed to provide the nation with the skills it needs and has contributed to poor productivity growth. As part of a campaign entitled ­Activate Australia’s Skills, Dr Parkinson called for a nationally cohesive approach

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MacroBusiness Monday, March 24, 2025 - 11:30 Source

The great coal crash continues. Thermal coal has broken $100 and continues to fall. Coking coal is the mirror image. I see no end in sight to either. The less gloomy news is the price falls are more or less on track for the budget. Key commodity prices are assumed to decline from elevated levels

The post Coalamity continues appeared first on MacroBusiness.

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MacroBusiness Monday, March 24, 2025 - 11:00 Source

In late 2023, newly appointed Victorian Premier Jacinta Allan ignored expert advice and signed the tunnelling contract to build the first stage of the $200 billion Suburban Rail Loop (SRL). “We are full steam ahead with the Suburban Rail Loop – by 2026, tunnel boring machines will be in the ground and Victorians will be

The post Victorians sucked into infrastructure black hole appeared first on MacroBusiness.

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xkcd.com Monday, March 24, 2025 - 11:00 Source

Unfortunately, SawStart is one-use-only. Once started, the blade cannot be stopped, and must be replaced with a fresh blade while the running one is carefully disposed of.

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Your Democracy Monday, March 24, 2025 - 10:48 Source

AT WHICH POINT OF TECHNOLOGICAL EVOLUTION DOES THE NEEDS TO HAVE GREATER ORGANISATION OF SOCIETIES BEYOND SIMPLE MUTUAL AID? 

IS THERE A NEED TO MAKE PROFITS IN ORDER TO EVOLVE TO THE NEXT STEP OF WHAT WE WANT, BEYOND WHAT WE NEED? DO WE NEED WARS?

DO WE UNDERSTAND THE IMPLICATION OF DEBT? IS DEBT NECESSARY ON A GREATER SCALE TO SUPPLY PROFITS FOR CORPORATIONS AND WAGES TO THE PEOPLE? IS DEBT A BURDEN ON THE NATURAL ENVIRONMENT?

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MacroBusiness Monday, March 24, 2025 - 10:30 Source

The Market Ear with a pearler. A key risk to the market Foreigners hold a record amount of US stocks. And they have just started selling. Deutsche Bank says that there could easily be one trillion dollars of foreign selling. This is way bigger than the corporate demand (=the biggest buyer) estimated this year. Is

The post Who’s left to sell America? Everybody appeared first on MacroBusiness.

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MacroBusiness Monday, March 24, 2025 - 10:04 Source

Slightly better and going nowhere fast. Flash Australia PMI Composite Output Index(1): 51.3 (Feb: 50.6). 7-month high. Flash Australia Services PMI Business Activity Index(2): 51.2 (Feb: 50.8). 2-month high. Flash Australia Manufacturing Output Index(3): 51.9 (Feb: 49.7). 29-month high. Flash Australia Manufacturing PMI(4): 52.6 (Feb: 50.4). 29-month high. There’s enough for Warren Hogan to have

The post Aussie flash PMI crawls appeared first on MacroBusiness.

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