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MacroBusiness Tuesday, November 18, 2025 - 14:00 Source

The Reserve Bank of New Zealand’s dovish shift, including the larger 50 bp cut at its October monetary policy meeting, saw the official cash rate fall to 2.5%, down 3.0% from its most recent peak: The sharp drop in the official cash rate has been matched in the mortgage market, where rates have fallen back

The post New Zealand’s house price crash has silver lining appeared first on MacroBusiness.

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Renew Economy Tuesday, November 18, 2025 - 13:44 Source
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Your Democracy Tuesday, November 18, 2025 - 13:38 Source

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MacroBusiness Tuesday, November 18, 2025 - 13:30 Source

Given that it appears the Albense government is, once again, set to sell you out to the gas cartel with fake domestic reservation, it falls to me to point out one final irony. Just as Australia moves to do a fake version of what it should have done in 2012, a global gas glut of

The post LNG imports are Australia’s last energy hope appeared first on MacroBusiness.

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Renew Economy Tuesday, November 18, 2025 - 13:18 Source
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Renew Economy Tuesday, November 18, 2025 - 13:02 Source

Li-S Energy lithium-sulfur factory

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MacroBusiness Tuesday, November 18, 2025 - 13:00 Source

Victorians are experiencing acute Stockholm Syndrome, wedded to the failing state Labor government who has been in power for 22 of the past 26 years. Victoria’s nine-month lockdown during the Covid-19 outbreak was among the longest and most severe in the world. It was also brought to us by the state government, whose incompetence with

The post Victorian Liberals churn another leader appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 18, 2025 - 12:30 Source

We all understand the wisdom of Professor Michael Pettis. Today, he returns to discuss the implications for Australia of a severe China adjustment. “I don’t think overly emphasising commodity production is good for long-term growth because I don’t think productivity growth in commodity production compares with productivity growth in manufacturing,” he says. “Many people see

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MacroBusiness Tuesday, November 18, 2025 - 12:00 Source

The Albanese government claims it wants to reduce immigration to Australia. However, its actions on the international student front say otherwise. Australia already has the highest share of international students and graduates in the world, accounting for 3.2% of the nation’s population as of Q3 2025, up from the pre-pandemic peak of 2.9%. However, the

The post Labor opens international student floodgates appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 18, 2025 - 11:30 Source

Virtually all infrastructure experts opposed the Victorian government’s Suburban Rail Loop (SRL) because the cost was prohibitively high, the project lacked a business case, failed any objective cost-benefit analysis, and would not generate enough customer demand. For example, Victoria’s Parliamentary Budget Office (PBO) conducted a cost-benefit analysis and discovered that the SRL East and North

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MacroBusiness Tuesday, November 18, 2025 - 11:00 Source

The Market Ear leads us off. Delicate levels NASDAQ is trading right on the 50-day moving average. Friday saw a huge doji candle, indicating nobody is in control. Let’s see how this develops from here, but the longer-term trend line is a must-hold. Source: LSEG Workspace Relative tech stress VXN – VIX spread has shot

The post AI bubble quivers again appeared first on MacroBusiness.

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Renew Economy Tuesday, November 18, 2025 - 10:43 Source

Kwinana coal power station, Synergy

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MacroBusiness Tuesday, November 18, 2025 - 10:30 Source

With the release of the latest polling RedBridge, it was revealed that Labor now hold 51% of the votes of Gen Z, followed by the Greens with 24% of the vote. This compares with Labor securing 40.3% of the Gen Z vote at the ballot box at May’s federal election, with 27.2% for the Coalition

The post The coming war within the LNP appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 18, 2025 - 10:00 Source

Australia’s labour market has been gradually softening over the past year. This softening is evident in the gradual rise in Australia’s unemployment rate: As illustrated below by AMP chief economist Shane Oliver, the various measures of job openings have also weakened: Alex Joiner, chief economist at IFM Investors has published an interesting set of charts

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MacroBusiness Tuesday, November 18, 2025 - 09:30 Source

This is ridiculous in every way. In his first public interview on the issue, Australia Pacific LNG chief executive Dan Clark told The Australian that the east coast market’s chronic pressures cannot be solved with the series of band-aid solutions that have been applied over recent years. The call comes as the federal government prepares

The post Gas cartel readies your final destruction appeared first on MacroBusiness.

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Renew Economy Tuesday, November 18, 2025 - 09:07 Source
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MacroBusiness Tuesday, November 18, 2025 - 09:00 Source

Its been a very cautious start to the trading week with more selling but not quite dumping on Wall Street overnight with a parallel selloff in Bitcoin not helping. The run back to USD continues even though without any key economic indicators being published by the Trump regime in the last two months, this looks

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Tuesday, November 18, 2025 - 08:58 Source

 

Deals for supplying fighter jets to Ukraine remain promises, not firm contracts. Nevertheless, they draw France and Sweden deeper into the conflict with Russia.

 

LYUBA LULKOEmpty Fighter Jet Deals: Europe’s Unrealistic Pledges to Ukraine Exposed

 

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Renew Economy Tuesday, November 18, 2025 - 08:57 Source
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Renew Economy Tuesday, November 18, 2025 - 08:50 Source
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Your Democracy Tuesday, November 18, 2025 - 08:10 Source

Swiss executives gave luxury gifts for US President Donald Trump shortly before Bern and Washington announced a new trade deal that reduces the steep US import tariffs, according to media reports.

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MacroBusiness Tuesday, November 18, 2025 - 07:17 Source

DXY is back. AUD is sitting on big support. CNY serene. Gold no bueno. AI metals likewise. Miners fade. EM too. Junk sitting on big support, too. Yields down a smidge. Stocks no bueno. There was not much overnight to explain the strong DXY, other than traditional risk off. That the failure of risk sentiment

The post Australian dollar bashed by bursting bubble appeared first on MacroBusiness.

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Your Democracy Tuesday, November 18, 2025 - 06:55 Source

Somewhere around 2085, give or take a few years, the last baby boomer will die. But their story is not, in the end, a story about age.

It is the biography of a system of capitalism in its most confident, expansive and self-mythologising phase. The Boomers were not the authors of that story so much as its children and its protagonists, born into a time when growth was god and history appeared to have direction.

 

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Your Democracy Tuesday, November 18, 2025 - 06:15 Source

Government ministers from around the world are preparing for a final few fraught days of talks at the UN climate summit as they bid to secure a deal that demonstrates global resolve amid increasing assertiveness from developing nations.

The job will not be easy. Countries are now digging into some of the toughest issues – many of which have been left off the formal agenda to ensure the talks keep moving even if one issue gets hung up.

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Your Democracy Tuesday, November 18, 2025 - 05:44 Source

There is a strange paradox at the heart of the whole de-dollarization trend. Both the BRICS upstarts seeking alternatives to the dollar and the aging hegemon trying to forestall this process have, at least officially, coalesced around a similar but not entirely accurate narrative: that the gradual pivot away from the dollar is primarily driven by Washington’s weaponization of its currency.

 

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MacroBusiness Tuesday, November 18, 2025 - 00:05 Source

Financial markets and many economists no longer believe that the Reserve Bank of Australia (RBA) will provide further interest rate relief. They now expect the official cash rate to remain on hold next year. I am less hawkish. I expect the unemployment rate to trend higher amid the rapid expansion of the labour market via

The post Aussies still very bullish on Australian house prices appeared first on MacroBusiness.

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Renew Economy Monday, November 17, 2025 - 20:56 Source
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Your Democracy Monday, November 17, 2025 - 18:37 Source

Ukrainian forces have begun using the TFL-1 terminal guidance system, which increases the accuracy of FPV drones and ensures effective control even in the case of communication disruption.

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Renew Economy Monday, November 17, 2025 - 17:53 Source
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MacroBusiness Monday, November 17, 2025 - 17:00 Source

Not a good start to the trading week with most Asian stock markets in the red as a slew of macro events and central bank speeches along with the restart of the US federal government is clouding the short term outlook. Currency markets appear nonchalant however with the Australian dollar holding somewhat steady but looking

The post Macro Afternoon appeared first on MacroBusiness.

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