Blogotariat

Oz Blog News Commentary
John Quiggin Saturday, November 22, 2025 - 14:02 Source

The US is one big grift these days: the Trump Administration, traditional and social media, corporations, crypto, financial markets are all selling some kind of spurious promise. It’s hard to pick the most egregious example. But for me, it’s hard to go past Tesla. Having lost its dominant position in the electric car market, the company ought to be on the edge of delisting. Instead, its current market capitalisation is $US1.33 trillion ($A 2 trillion). Shareholders have just agreed on an incentive deal with Elon Musk, premised on the claim that he can take that number to $8.5 trillion.

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MacroBusiness Saturday, November 22, 2025 - 12:28 Source

So much for the consumer recovery. Last week’s Roy Morgan consumer confidence number lifted slightly, but since the RBA held, it has wiped out over a year of gains. The Westpac alternative consumer sentiment measure mysteriously jumped hugely last month. But get ready for the great retracement as its credit card tracker pulls the handbrake.

The post RBA shocks consumer appeared first on MacroBusiness.

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Your Democracy Saturday, November 22, 2025 - 09:47 Source

Earlier this week, the American people were “reliably” informed by the left-wing press that the full grand jury that indicted disgraced former FBI Director James Comey did not see the final indictment.

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Your Democracy Saturday, November 22, 2025 - 09:36 Source

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Your Democracy Saturday, November 22, 2025 - 08:25 Source

As a very difficult decision is looming for Zelenskyy, the weight of history is making the choice for him. Carry on fighting and lose more territory [at a rate of 1,200 DEAD soldiers per day] — or go with Donald Trump 28 points plan for peace and accept the losses. Honest observers and serious military experts cannot expect a return to 1991. According to some expert:

1991 — Ukraine has a population of 55 million

2014 — Ukraine has a population of 44 million

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MacroBusiness Saturday, November 22, 2025 - 07:53 Source

The 12 months ending 31 October were volatile. But, after all was said and done, our international fund finished up 25%, our Australian fund finished up over 10%. Our tactical growth finished up around 15%. All of our funds look attractive relative to their benchmarks, especially as they were all significantly less volatile than the

The post MB Fund October 2025 Performance appeared first on MacroBusiness.

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George Monbiot Saturday, November 22, 2025 - 00:29 Source

What the governments of the Global North don’t care about, they don’t measure.

By George Monbiot, published in the Guardian 21st November 2025

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MacroBusiness Saturday, November 22, 2025 - 00:05 Source

International Reading: Top Economist Warns Trump Tariffs Effectively Impose Tax Rate On Low-Income Households That Is Triple Of High-Income Ones – Bezinga ‘China was playing chess while the rest of us were playing checkers’: Bombshell study finds $200 billion of secret loans to U.S. businesses over 25 years  – Fortune Low-income Americans being priced out

The post Weekend Reading and MB Media Appearances appeared first on MacroBusiness.

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Your Democracy Friday, November 21, 2025 - 17:17 Source

Ukrainian opposition MP Aleksey Goncharenko has published the text of a purported peace plan reportedly presented to Kiev by the US administration this week.

The lawmaker posted on social media what appeared to be screenshots of a Ukrainian-language electronic document detailing the 28-point peace plan to end the hostilities between Moscow and Kiev.

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MacroBusiness Friday, November 21, 2025 - 16:30 Source

Not quite a bath of blood on Asian equity markets today but it has been a pretty broad selloff in response to the volatility on Wall Street overnight. Currency land was more sanguine with even the Japanese Yen relatively stable amid a new big stimulus package announced by the Japanese government while local shares hit

The post Macro Afternoon appeared first on MacroBusiness.

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MacroBusiness Friday, November 21, 2025 - 14:00 Source

New Zealand provides a textbook example of why lowering immigration below the nation’s home building capacity lowers rents, benefiting tenant households. As illustrated in the following chart, New Zealand’s net overseas migration slowed to only 10,628 in the year ending August 2025, well below the decade average of 49,000 and around 120,000 fewer than the

The post New Zealand tenants rejoice as rents collapse appeared first on MacroBusiness.

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Renew Economy Friday, November 21, 2025 - 13:55 Source
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Renew Economy Friday, November 21, 2025 - 13:49 Source
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MacroBusiness Friday, November 21, 2025 - 13:30 Source

This is right, but for the wrong reason. Former Liberal treasurer Peter Costello has accused the Productivity Commission of failing to use its statutory independence to tell “inconvenient truths” to the Albanese government about the causes of the nation’s waning productivity, declaring the agency had become “politically correct”. Blaming the “arcane” award system for a raft of

The post Where did the PC’s “growth mindset” go? appeared first on MacroBusiness.

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MacroBusiness Friday, November 21, 2025 - 13:00 Source

A new report from The Australian Population Research Institute (TAPRI) contends that Australia may be on the brink of a political realignment, similar to movements in the UK, France, and the US, driven by populist challenges to mainstream policies on immigration, cultural diversity, net zero, and free trade. While commentators dismiss this possibility, the authors

The post Australia risks a populist uprising appeared first on MacroBusiness.

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MacroBusiness Friday, November 21, 2025 - 12:30 Source

Five young economists from Deloitte have rejected calls to lower immigration to alleviate housing pressures, instead arguing that migrants are part of the housing solution: The young economists argue migration is a solution to the housing supply gap rather than a problem because it will help fill skills shortages in the construction industry. They say

The post Young Deloitte economists fail basic economics appeared first on MacroBusiness.

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Renew Economy Friday, November 21, 2025 - 12:23 Source
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Renew Economy Friday, November 21, 2025 - 12:13 Source
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MacroBusiness Friday, November 21, 2025 - 12:00 Source

On Thursday, I lambasted Treasurer Jim Chalmers for boasting that Labor has delivered the “longest period of consecutive real wage growth in almost a decade” following eight consecutive quarters of annual real wage growth: Chalmers’ boast came despite real wages falling by 0.5% in Q3 2025, tracking at mid-2011 levels. Australian real wages have only recovered

The post The never-ending lies of Treasurer Jim Chalmers appeared first on MacroBusiness.

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Renew Economy Friday, November 21, 2025 - 11:42 Source
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MacroBusiness Friday, November 21, 2025 - 11:30 Source

The ferrous complex is still paralysed by the jaws. However, China is going to throw the kitchen sink at property. China is weighing a new round of measures to revive its ailing property market, a sector so central to the country’s economy that its continued slide threatens broader financial stability. Policymakers are discussing nationwide mortgage subsidies for

The post China throws kitchen sink at property appeared first on MacroBusiness.

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Renew Economy Friday, November 21, 2025 - 11:23 Source
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MacroBusiness Friday, November 21, 2025 - 11:00 Source

One year ago, Treasurer Jim Chalmers and Finance Minister Katy Gallagher declared that the Future Fund, which is one-third the size of the Australian economy, would be directed to invest in housing and the green energy transition “where possible, appropriate, and consistent with strong returns”. This was the first time the federal government imposed certain

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xkcd.com Friday, November 21, 2025 - 11:00 Source

If you drill at the right angle and time things perfectly, your core sample can include a section of a rival team's coring equipment.

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MacroBusiness Friday, November 21, 2025 - 10:30 Source

Gas Balkanisation is suddenly being debated. Townsville Enterprise has warned that surging gas prices are crippling Queensland industries and threatening the State’s manufacturing and mining competitiveness. The call follows mounting concern over the east coast gas crisis, with warnings of tightening supply and soaring costs for manufacturers and households. Representing North Queensland’s key industries, Townsville

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MacroBusiness Friday, November 21, 2025 - 10:00 Source

The Market Ear explores. Not your normal market SPX futures so far today: high 6791, low 6588. Extreme volatility continues to shake this market. SPX is well below the trend channel, as well as trading below the 50 day (starting to slope negatively). Must hold at 6600, resistance at 6800. Source: LSEG Workspace Fear running

The post Correction-a-go-go appeared first on MacroBusiness.

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MacroBusiness Friday, November 21, 2025 - 09:30 Source

When Australia closed out the 2017 calendar year, the total number of properties listed for sale reached a level considered, at the time, deeply depressed. With just a little over 200,000 homes listed for sale, it was dramatically below what had become normal in the early to mid-2010s, when the 220,000 to 240,000 homes for

The post Australia’s housing market depression appeared first on MacroBusiness.

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Renew Economy Friday, November 21, 2025 - 09:26 Source
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MacroBusiness Friday, November 21, 2025 - 09:00 Source

Oh what a night! Wall Street managed to a 4% plus volatile turnaround after embracing the uber good earnings from NVIDIA before realising the AI bubble might be a bubble with no upside potential, not helped by a massaged and very late September US jobs report and a lot of Fed hand wrangling over rate

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Friday, November 21, 2025 - 08:02 Source

  

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