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Renew Economy Wednesday, August 20, 2025 - 14:24 Source
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MacroBusiness Wednesday, August 20, 2025 - 14:00 Source

As predictable as the sun. Daily Mail. Supporters of an anti-immigration rally are being warned not to attend the massive protest, with politicians branding the movement as having ‘no place’ in Australia. March for Australia is organising the protests that will take place on August 31 in several capital cities, including Sydney, Melbourne, Canberra, Perth

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MacroBusiness Wednesday, August 20, 2025 - 13:30 Source

Market Forces is some kind of green money lobbyist. It has produced a cracking report on Aussie gas, inadvertently illustrating that market reforms are vital to stabilise Aussie gas usage. First, the report shows that it is gas that most uses gas. Next, it shows where industrial gas usage goes. Finally, it illustrates that 10%

The post Gas cartel siphons away your energy appeared first on MacroBusiness.

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Renew Economy Wednesday, August 20, 2025 - 13:15 Source
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MacroBusiness Wednesday, August 20, 2025 - 13:00 Source

The second day of the Canberra productivity roundtable will reportedly debate how to reduce the backlog of development projects awaiting environmental approval. Danielle Wood, chair of the Productivity Commission (PC), will address roundtable attendees in the morning in her session titled “Better Regulations and Approvals”. Her speech is likely to illustrate how environmental approvals slow

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MacroBusiness Wednesday, August 20, 2025 - 12:30 Source

The ferrous complex is looking rather weak suddenly. Part of it is the greatest housing crash in the history of the cosmos is getting worse, not better. Goldman. Hmmm… Inventory rising again. Completions are better, but no cigar. Prices, oh dear, as folks abandon property portfolios. No end in sight.  

The post Chinese property Titanic careens into another iceberg appeared first on MacroBusiness.

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MacroBusiness Wednesday, August 20, 2025 - 12:00 Source

I suppose you can only ignore the number one input into the immigration-led economy for so long. Even if the Productivity Commission can produce five enormous reports (which are going to be roundly ignored) without mentioning it. The Australian. Business and unions have brawled on the first day of the economic reform roundtable over a

The post Immigration crashes productivity roundtable appeared first on MacroBusiness.

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Your Democracy Wednesday, August 20, 2025 - 11:54 Source

Australia’s best-known Carbon Capture & Storage plant captures a mere fraction of the total emissions it generates. David McEwen explains.

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MacroBusiness Wednesday, August 20, 2025 - 11:30 Source

Big. The Market Ear. CAPEX boom and… Will this time be different? Source: BCA Source: BCA This time really different In a very extreme way. Authers: “It’s unheard of for 2% of the index’s companies to account for virtually 40% of its value”. Source: Bloomberg/Authers But they are magnificent The big ones making the big bucks.

The post The magnificent AI bubble and… appeared first on MacroBusiness.

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MacroBusiness Wednesday, August 20, 2025 - 11:00 Source

Australian home prices hit a fresh record high in July, with more growth expected following the latest interest rate cut from the Reserve Bank of Australia (RBA). The Westpac Consumer Sentiment Index, released on Tuesday, suggested that Australians have become extremely bullish on house prices, expecting significant increases in the months ahead. As illustrated below

The post Aussies expect house prices to launch appeared first on MacroBusiness.

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Your Democracy Wednesday, August 20, 2025 - 10:57 Source

I want to share with you an email I received today from someone who fancies their self as an astute analyst. This person falls far short of astute in my opinion, but the thinking revealed in the email does reflect the views held by many Americans with respect to what happened today in Washington when Trump met with Zelensky and his European pimps.

 

Is Trump Making a Bad Bet by Counting on Europe to Keep Ukraine Afloat?

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MacroBusiness Wednesday, August 20, 2025 - 10:30 Source

Since the pandemic first arrived in Australia at the start of 2020, the confidence level of the nation’s households has been an absolute rollercoaster ride. Confidence fell to the depths of the lows seen during the 1990s recession, then skyrocketed to decade highs as pandemic-driven stimulus boosted the fortunes of households and the broader economy.

The post Can the Aussie economy bounce back? appeared first on MacroBusiness.

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MacroBusiness Wednesday, August 20, 2025 - 10:00 Source

The Australian recently published Jobs and Skills Australia (JSA) data showing that there is an abundance of applicants per job. This suggested that concerns surrounding labour shortages are overblown. At the aggregate economy level, there were 29.3 applications per vacancy, 9.4 qualified applicants per vacancy and 4 suitable applicants per vacancy: As illustrated below by Justin

The post Australia’s skills shortages vanish appeared first on MacroBusiness.

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xkcd.com Wednesday, August 20, 2025 - 10:00 Source

Someday I hope to find a way to mess up a recipe so badly that it draws the attention of the International Air Transport Association, the International Mathematical Olympiad, or the NSA.

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Your Democracy Wednesday, August 20, 2025 - 09:46 Source

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Cheeseburger Gothic Wednesday, August 20, 2025 - 09:45 Source

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MacroBusiness Wednesday, August 20, 2025 - 09:30 Source

It took Melbourne 165 years to hit a population of 3.5 million at the turn of the century. Over the first 25 years of this century, Melbourne’s population has grown by nearly 2 million, causing immense strain on housing, infrastructure, services, law and order, and overall living standards. The state government has also been buried

The post Victorians face immigration taxes appeared first on MacroBusiness.

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Renew Economy Wednesday, August 20, 2025 - 09:25 Source
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MacroBusiness Wednesday, August 20, 2025 - 09:00 Source

Geopolitics again dominated the newsflow overnight, although the latest Canadian CPI print gave off a bit of a reverberation across currency markets with the USD pushing most of the majors down slightly as the Loonie almost went back to its recent monthly low. European stocks rallied while Wall Street pulled back on mixed home sales

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Wednesday, August 20, 2025 - 08:45 Source

 

Future military officers and the children of U.S. service members may soon be able to satisfy government testing mandates with a new test that prioritizes traditional math and the Great Books. Because tests strongly influence what teachers teach, this would encourage more traditional, less politicized instruction for the 70,000 or so children attending Department of Defense, or DODEA, K-12 schools.

 

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Renew Economy Wednesday, August 20, 2025 - 07:37 Source
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MacroBusiness Wednesday, August 20, 2025 - 07:00 Source

DXY is warming up. AUD was pounded with risk. CNY is fine. Gold shaky. Metals warning. Mining bear fully intact. EM rolled. Junk is fine. Yields too.   Stocks were hit. There wasn’t much going on to explain the sudden nerves. I put it down to the approach of Jackson Hole. Societe General. The title

The post Australian dollar hammered with risk appeared first on MacroBusiness.

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Your Democracy Wednesday, August 20, 2025 - 03:03 Source

British Prime Minister Keir Starmer advised Ukrainian leader Vladimir Zelensky on how to avoid another confrontation at the White House, NBC News reported on Monday.

Zelensky is in Washington for negotiations with US President Donald Trump and Kiev’s key European backers. His previous visit in February was cut short after a heated exchange with Trump and US Vice President J.D. Vance in the Oval Office.

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MacroBusiness Wednesday, August 20, 2025 - 00:05 Source

The solution to the rental crisis is being played out across Australia’s two most similar nations: Canada and New Zealand. Canada experienced a record rise in rents in response to the largest surge in immigration in the nation’s history. Last year, the Canadian government announced that it would freeze population growth for three years in

The post Want cheaper rents? Cut immigration. appeared first on MacroBusiness.

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Your Democracy Tuesday, August 19, 2025 - 17:17 Source

Advocates of ever-higher Pentagon spending frequently argue that we must throw more money at the department to “support the troops.” But recent budget proposals and a new research paper issued by the Quincy Institute and the Costs of War Project at Brown University suggest otherwise.

 

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MacroBusiness Tuesday, August 19, 2025 - 16:30 Source

Asian share markets are flat or slightly down across the board in another very quiet session as macro news remains dominated by the farcical White House talks between Europe, Ukraine and the Trump regime. The moves to watch this week will be the Jackson Hole conference on Friday with Fed Chair Powell expected to make

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, August 19, 2025 - 15:00 Source
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Renew Economy Tuesday, August 19, 2025 - 14:56 Source
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Renew Economy Tuesday, August 19, 2025 - 14:43 Source
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Renew Economy Tuesday, August 19, 2025 - 14:40 Source
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