MacroBusiness
Thursday, October 9, 2025 - 09:00
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The ferrous complex remains paralysed by too much versus too much hope. Some Morgan Stanley charts illustrate the point. Steel is weak globally and abundant in China still. We are about to witness the weakest New Year restock in history, just as Chinese steel exports top out on trade wars. Iron ore is everywhere! The The post How fast will the Pilbara be killed? appeared first on MacroBusiness. |
Renew Economy
Thursday, October 9, 2025 - 08:00
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Renew Economy
Thursday, October 9, 2025 - 07:52
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MacroBusiness
Thursday, October 9, 2025 - 07:16
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What we are seeing in many markets today is exactly what I expected to see when I made my 40 cents AUD call a few years ago. American exceptionalism is alive in the AI bubble but severely crimped by anti-Trumpian capital flows. The Chinese economy is slowly dying, but propped up as it pours money The post Australian dollar topped as iron ore enters end game appeared first on MacroBusiness. |
Your Democracy
Thursday, October 9, 2025 - 04:28
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Senior officials in Poland and the Baltic states have blasted former German Chancellor Angela Merkel after she claimed they derailed potential EU-Russia talks on Ukraine months before the escalation of the conflict in 2022. |
Your Democracy
Thursday, October 9, 2025 - 04:16
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MacroBusiness
Thursday, October 9, 2025 - 00:05
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Being a renter in Australia is like competing in the Hunger Games. After borders reopened in late 2021, temporary migrants flooded into Australia in record volumes: As a result, rents surged and vacancy rates collapsed: At the end of 2024, Cotality (formerly CoreLogic) reported that the percentage of household income spent on rents hit a The post Renters are the forgotten people appeared first on MacroBusiness. |
Cheeseburger Gothic
Wednesday, October 8, 2025 - 16:59
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Man, I don’t know where I am this week. That holiday on Monday was always going to put the zap on my head, but I think I made it much worse by working through the weekend. Both Jane and I were on deadline, so we just pulled normal workdays on Saturday and Sunday, and then had Monday off, which was nice. Then Tuesday, I caught up with Nick Pringle and his partner, Melissa, who I know from my time in publishing in Sydney. They were having a little break in Brisbane, so they popped out to my part of the world to have a coffee and a couple of toasted sangas. That was nice. |
MacroBusiness
Wednesday, October 8, 2025 - 16:36
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Queenscliff pier at sunrise AUD/USD EUR/USD USD/JPY GBP/USD Gold….we are now in parabola mode… West Texas Intermediate Brent Australia 200 US S&P 500 UK 100 Japan 225 Videos The post Macro Afternoon: 8 October 2025 appeared first on MacroBusiness. |
Renew Economy
Wednesday, October 8, 2025 - 15:28
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Renew Economy
Wednesday, October 8, 2025 - 15:20
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Renew Economy
Wednesday, October 8, 2025 - 14:53
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Renew Economy
Wednesday, October 8, 2025 - 14:52
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Renew Economy
Wednesday, October 8, 2025 - 14:31
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MacroBusiness
Wednesday, October 8, 2025 - 14:00
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The NSW government has been criticised for blocking Freedom of Information (FOI) requests for access to taxpayer-funded reports on the likely impact of closing down coal-fired power stations on electricity prices. The government has commissioned at least 10 reports, studies, and presentations between June 2024 and July 2025 on the impact of its emissions reduction The post If renewables are cheaper, why the secrecy? appeared first on MacroBusiness. |
MacroBusiness
Wednesday, October 8, 2025 - 13:06
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New Zealand’s economy is in a deep hole. As illustrated below by Justin Fabo from Antipodean Macro, real GDP contracted sharply in the June quarter, drastically underperforming the Reserve Bank of New Zealand’s forecast: The number of filled jobs in New Zealand has also contracted sharply: As a result, the Reserve Bank on Wednesday chose The post Reserve Bank panics, cuts rates by 0.5% appeared first on MacroBusiness. |
Renew Economy
Wednesday, October 8, 2025 - 12:59
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MacroBusiness
Wednesday, October 8, 2025 - 12:00
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One of the often repeated tropes of social media discourse or backyard BBQ political debates is the idea that the election victories that Labor has won in Victoria and federally are indicative of the public holding a high level of support for their leadership. Such an assumption is not a new phenomenon. This perspective has The post Looking at politics all wrong appeared first on MacroBusiness. |
Renew Economy
Wednesday, October 8, 2025 - 11:46
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MacroBusiness
Wednesday, October 8, 2025 - 11:30
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There is a commonly held economic narrative that Indian demand for commodities will compensate for the reduction in Chinese demand as China’s economy slows and rebalances toward a consumer-focused model. The reality of this narrative is perhaps best summed up by the chart below from Visual Capitalist, which shows that China produced more steel in The post India cannot rescue Australia from itself appeared first on MacroBusiness. |
MacroBusiness
Wednesday, October 8, 2025 - 11:00
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In a speech to the National Press Club, BlueScope CEO Mark Vassella warned that Australia risks following the UK’s industrial decline if the federal government fails to fix the gas market. Vassella and other industry leaders say that without cheaper gas, the federal government’s Future Made in Australia policy is doomed, and Australia will become The post Energy security for everyone but Australians appeared first on MacroBusiness. |
xkcd.com
Wednesday, October 8, 2025 - 11:00
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Your Democracy
Wednesday, October 8, 2025 - 10:38
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Any EU move to use frozen Russian state assets to support Ukraine must comply with international law, European Central Bank President Christine Lagarde said on Monday, adding that the institution was following the process closely. The comment comes as EU nations’ leaders are discussing a plan to provide Kiev with a €140 billion ($164 billion) loan backed by Russia’s immobilized central bank assets.
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MacroBusiness
Wednesday, October 8, 2025 - 10:30
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The Australian Prudential Regulatory Authority (APRA) has consistently flagged high loan-to-valuation ratio (LVR) mortgage lending as a risk area. For example, in December 2014, the Australian Prudential Regulatory Authority (APRA) released guidance stating that “ADIs should not undertake large volumes of, or increase their share of, higher-risk lending. This included lending at very high LVRs”: |
MacroBusiness
Wednesday, October 8, 2025 - 10:00
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In the popular imagination, Australia is often viewed as a sophisticated 21st-century economy, comparable to any number of advanced developed economies. Yet when one examines the balance of the nation’s exports, it’s largely about resources, as the chart below of quarterly export volumes from CBA illustrates. And this is assuming one takes the nation’s education The post Australia’s battered regions get a raw deal appeared first on MacroBusiness. |
MacroBusiness
Wednesday, October 8, 2025 - 09:00
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From the Market Ear: Losing momentum? How bullish is bullish? SPX is basically trading at the same levels we traded at two weeks ago. Let’s see how this plays out, but SPX is losing momentum. Highs aren’t pushing higher as they should. First support is the trend line, followed by the 21 day at 6700 The post Bulls keep charging as momentum fades appeared first on MacroBusiness. |
MacroBusiness
Wednesday, October 8, 2025 - 08:00
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Former Prime Minister and architect of the Snowy Hydro 2.0 pumped hydro scheme, Malcolm Turnbull, has hit back at critics following a 900% blowout in the mega project’s costs. The government-owned Snowy Hydro confirmed on Friday that the project’s costs would easily exceed its $12 billion budget, which was already six times higher than the |
Your Democracy
Wednesday, October 8, 2025 - 06:55
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Rising inequality and declining living standards have posed a threat to democracy in several democracies, but so far not in Australia. However, the increasing inequality of wealth, driven by housing becoming unaffordable without rich parents, is a threat.
Inequality and the future of democracy |
Renew Economy
Wednesday, October 8, 2025 - 06:38
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Your Democracy
Wednesday, October 8, 2025 - 05:55
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President Donald Trump has hinted that US forces could soon move from sea to land operations in Venezuela, expanding what he called “a war on terrorist drug cartels.”Speaking at a Navy anniversary ceremony in Norfolk, Virginia, Trump said American forces had struck another vessel off Venezuela’s coast allegedly carrying narcotics. |