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Articles from MacroBusiness

Gas cartel pumps lies

August 29, 2025 - 09:30 -- Admin

Cecile Wake is Shell Australia country chair and executive vice president Integrated Gas Australia. She has pumped more industry propaganda at The AFR: This year alone, Australia’s natural gas industry will deliver $21.9 billion in taxes and royalties—on par with the nation’s biggest banks and miners. But this success story is under threat. Queensland LNG

Macro Morning

August 29, 2025 - 09:00 -- Admin

Despite an upwardly revised 2Q GDP print and solid initial jobless claims in the US overnight, the USD continued its selloff with weaker international demand for US Treasuries also not helping. Wall Street rose to new record highs lead by tech stocks again while European shares continue to stumble through the French political imbroglio. The

Housing crisis momentarily fixed?

August 29, 2025 - 00:05 -- Admin

For almost two decades, household formation rates for 25 to 34-year-olds have been tanking. The decline kicked off as the impact of the new ‘Big Australia’ migration intake began dramatically impacting the rental market in the final years of the Howard government. As the ABS chart below illustrates, between mid-2005 and mid-2008, asking rents in

Macro Afternoon

August 28, 2025 - 16:30 -- Admin

Asian share markets are in a mixed mood that is being reflected by Wall Street futures off slightly despite the better than expected NVIDIA results after the close with European shares also looking to open flat. The USD is losing ground against all the majors again as fears over the loss of independence at the

China and America battle for Australia’s soul

August 28, 2025 - 14:00 -- Admin

Paul Keating is ejaculating as Chinese propaganda runs riot. The Australian. “As the Pentagon is now reviewing the AUKUS security pact between the United States, the United Kingdom and Australia, Canberra needs to decide whether it is still ready to push ahead with this US-led project that goes against its own national interests in many aspects,” the

Australia is a public sector economy

August 28, 2025 - 13:00 -- Admin

Australia’s economy has become overly reliant on public sector spending (not to mention high immigration) to grow the economy. Consider the following facts. Since the COVID-19 pandemic began, around 60% of Australia’s job growth has come from the non-market (effectively government-funded) sector of public administration and safety, education, healthcare, and social assistance. Over the past

Trump versus the bond vigilantes

August 28, 2025 - 12:30 -- Admin

Bloomberg has the scoop. The Trump administration is reviewing options for exerting more influence over the Federal Reserve’s 12 regional banks, potentially extending its reach beyond personnel appointments in Washington. The administration’s goal is to scrutinize how regional presidents are vetted and chosen, as they are not Senate-confirmed, and the Board of Governors is next

Aussie capex remains soft as jelly

August 28, 2025 - 12:20 -- Admin

The Australian Bureau of Statistics (ABS) released private capital expenditure (capex) data for Q2 2025, which remained incredibly soft. The seasonally adjusted estimate for total new capital expenditure rose by 0.2% in Q2. after the previous quarter’s contraction. The trend estimate for total new capital expenditure fell by 0.1%. The following table from Alex Joiner

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