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Articles from MacroBusiness

Chinese property onwards and downwards

August 26, 2025 - 10:00 -- Admin

Everybody celebrate! Yahoo. Shanghai, the commercial and financial hub of mainland China, has further relaxed its home purchase policy, following Beijing’s lead to rejuvenate the nation’s sluggish property market. Local residents could now own an unlimited number of flats outside the city’s outer ring road, an area where two-thirds of Shanghai’s housing is located, municipality authorities said

A modest proposal to end the charade of performative democracy

August 26, 2025 - 09:30 -- Admin

Below is another brilliant guest post from MB reader Erin Rolandsen, CEO of Angelassist: It is rare, as a writer, that I ever venture beyond the comfortable veil of the third person. But the enthusiastic response to my recent article on Performative Democracy has compelled me to set aside convention. Many readers urged me to

Macro Morning

August 26, 2025 - 09:00 -- Admin

Risk markets are having second thoughts about the dovish mood at the Federal Reserve with the USD taking back nearly half of its losses from Friday night, especially against Euro but this is being led mainly by French political problems. It was more hawkish comments from other Fed members that is seeing Yen, Pound Sterling

Labor lights match under house prices

August 26, 2025 - 08:00 -- Admin

The Albanese government announced that it will bring forward its 5% home deposit scheme for first home buyers by three months. Under the scheme, the government will guarantee 15% of the purchase price so that applicants can avoid paying lenders’ mortgage insurance. Previous income limits on eligibility will be removed from October, whereas the scheme’s

We need to talk about migration

August 26, 2025 - 00:05 -- Admin

Recently, the issue of how migration is measured has exploded into the headlines, with several media outlets and other organisations, including 2GB, the Daily Mail, the Institute of Public Affairs and Macrobusiness, receiving correspondence from the ABS on the issue. To quote from Leith’s article on this from last week: On Wednesday evening, I received

Macro Afternoon

August 25, 2025 - 16:00 -- Admin

Asian share markets are trying hard to translate the Friday night gains on Wall Street due to the seemingly dovish pivot by the US Federal Reserve but not all risk markets are buying it with the USD clawing back some of its losses, particularly against Yen although the Australian dollar remains robust just under the

Measuring the AI bubble

August 25, 2025 - 13:30 -- Admin

It is big. Very big. The Market Ear. But it can get bigger! Or not… A period of sorting and cleansing is underway  For a time, the dominant narrative suggested that AGI was only two or three years away — that “magic AI” would emerge and rapidly take off into superintelligence. As discussed on the

Iron ore roars as green steel dies

August 25, 2025 - 13:00 -- Admin

Iron ore soared overnight thanks to Jay Powell. Unsustainable. Steel demand in China remains down year to date, but up for the week year on year. Steel production is far above last year. But this is misleading. My Steel is supposed to, but obviously doesn’t, cover EAF. Steel recycling has collapsed. In raw volume terms

The great disabling to slow

August 25, 2025 - 12:30 -- Admin

Goldman with the note. As we flagged in a note earlier this year, spending on the NDIS has risen from 0% of GDP a decade ago to almost 2% of GDP currently (~A$50bn), around double initial projections, with the overshoot largely driven by higher take-up rates among children with autism and psychosocial conditions. While the

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