Cheeseburger Gothic
Monday, August 18, 2025 - 16:36
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I'm making a note to myself—and maybe a quiet public declaration—that I will never cook traditional Bolognese sauce on a workday again. I have my own recipe, of course, because it's the national dish of Australia, so there are already about 25 million-plus variations on the traditional Bolognese ragu. It normally takes me about an hour to cook my version, but Jane wanted me to follow the Marcella Hazan recipe, which I knew involved three hours of simmering. I figured I’d put it together over lunch and just let it cook through the afternoon. Yeah, nah, not so much. |
MacroBusiness
Monday, August 18, 2025 - 16:30
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Asian share markets are green across the board in a very quiet session as macro news is dominated by Trump getting played by Putin over the weekend while his regime tries to bully India and China with little result. The moves to watch this week will be the Jackson Hole conference on Friday with Fed The post Macro Afternoon appeared first on MacroBusiness. |
Your Democracy
Monday, August 18, 2025 - 16:19
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Ukrainian leader Vladimir Zelensky could bring the fighting with Russia to a halt “immediately” by agreeing to a settlement that rules out NATO membership and entails territorial concessions, US President Donald Trump has said. |
Renew Economy
Monday, August 18, 2025 - 15:06
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MacroBusiness
Monday, August 18, 2025 - 14:00
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According to a 2022 survey conducted by the Carnegie Endowment for International Peace, Indian migrants much prefer Labor to the Coalition. The survey suggested that in the 2022 federal election, Indian migrants voted 58:34 for Labor over the Coalition. Chinese-Australians also appear to prefer Labor. The Tally Room discovered that in the 2022 federal election, The post Why Labor will double down on Indian migration appeared first on MacroBusiness. |
Your Democracy
Monday, August 18, 2025 - 14:00
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CovertAction Magazine co-founder Philip Agee was one of the best known whistleblowers of the 1970s, writing a tell-all book exposing CIA crimes and the influence of multi-national corporations in driving illegal covert operations. |
Renew Economy
Monday, August 18, 2025 - 13:33
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MacroBusiness
Monday, August 18, 2025 - 13:30
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The Market Ear with more. The bull is on ketamine Here are the craziest charts from the week that truly make us believe that bull is on serious drugs. OH MAN! (MSFT + AAPL + NVDA) Nvidia, Microsoft, and Apple now make up over 21% of the S&P 500, the highest weighting for any three The post AI bubble reaches critical mass appeared first on MacroBusiness. |
MacroBusiness
Monday, August 18, 2025 - 13:00
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Amidst the ongoing debate over the right level of migration into Australia, there have been attempts to dismiss the impact of high migration on housing, with one notable example coming from SBS, which provided readers with a guide on how to counter arguments from Australians concerned about the issue. An absolutely defining part of the The post Migration, false narratives and the hard housing truth appeared first on MacroBusiness. |
MacroBusiness
Monday, August 18, 2025 - 12:30
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In the fast-evolving Communist self-censorship public forum of Australia, a man has broken ranks with the enforced media consensus. His name is Salvatore Babones, an American sociologist based at the University of Sydney. If being an American was not enough to invoke cancellation Article One, his arguments certainly are. Buried deep in an ashamed AFR is The post Salvatore Babones cancelled! appeared first on MacroBusiness. |
Renew Economy
Monday, August 18, 2025 - 12:28
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Renew Economy
Monday, August 18, 2025 - 12:21
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MacroBusiness
Monday, August 18, 2025 - 12:00
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Deutsche with a wrap of Chinese data: China’s economy activity slowed in July. We estimate real GDP growth droppedby 0.8ppt, to 4.9% YoY in July from 5.7% in June. Leading the slowdown was a sharp drop in fixed asset investment which declined by est. -5.2% YoY across the board, including a notable drop in manufacturing The post Chinese depression turns less golden appeared first on MacroBusiness. |
MacroBusiness
Monday, August 18, 2025 - 11:30
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In the run-up to the 2022 federal election, Labor promised to implement a smaller immigration program if elected. However, as soon as they took office in mid-2022, they convened the Jobs & Skills Summit, which was packed with pro-Big Australia shills, and used it as a pretext to gain a phony consensus to increase immigration The post Australian renters be damned! appeared first on MacroBusiness. |
MacroBusiness
Monday, August 18, 2025 - 11:00
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Last week, we witnessed the seemingly extraordinary when the East Coast gas export cartel suddenly turned on itself, demanding the domestic reservation of Aussie gas. But was this really what it appeared to be? Or was it just more of the same corruption that has robbed Australians blind for over a decade? I will let The post Santos needs to bribe the Grattan Institute appeared first on MacroBusiness. |
MacroBusiness
Monday, August 18, 2025 - 10:30
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I have some good news and bad news for you, if you’re an Aussie. First, the good news. Your biggest export, iron ore, is managing to hold up despite a crash in Chinese property of cosmic proportions. The bad news? It is killing the planet at record speed. You’ve probably read lots of headlines about The post Iron ore boom relies on death of the planet appeared first on MacroBusiness. |
MacroBusiness
Monday, August 18, 2025 - 10:00
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The AFR is in full panic mode about AI. AI stocks are lifting Wall Street to record highs on what feels like a daily basis, and former Google executive turned author and entrepreneur Mo Gawdat is predicting we are just two years away from a dystopian period that could last about 15 years during which The post AI is a bogan appeared first on MacroBusiness. |
xkcd.com
Monday, August 18, 2025 - 10:00
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The Tally Room
Monday, August 18, 2025 - 09:30
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We now have a quiet period following the federal election and the Tasmanian election, and I’m using it as an opportunity to complete my election guides for the elections next in the queue. The South Australian election guide has already been published for some time, but today I’ve published my Victorian election guide. The Victorian election will be held in November 2026, so that is 15 months from now. |
MacroBusiness
Monday, August 18, 2025 - 09:30
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DXY is still trending up but it’s a struggle. AUD is chopping wood for now. CNY is stalled. Oil and gold meh. Metals meh. Miners bear. EM still OK. Junk too. Yields rose. Stocks eased. No news from the Alaska summit. Societe General has a snapshot of AUD technicals. AUD/USD: UP MOVE LIKELY TO EXTEND The post Australian dollar falls into the Jackson Hole appeared first on MacroBusiness. |
MacroBusiness
Monday, August 18, 2025 - 09:00
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Friday night saw the release of the latest US retail sales numbers with import prices spiking and consumer inflation expectations rising again, getting traders further worried on Wall Street. The USD was on the ropes against all the majors, with oil prices also pushed slightly lower after stalling all week while Treasuries where sold off The post Macro Morning appeared first on MacroBusiness. |
Renew Economy
Monday, August 18, 2025 - 08:18
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Renew Economy
Monday, August 18, 2025 - 08:15
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MacroBusiness
Monday, August 18, 2025 - 08:00
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The Australian Bureau of Statistics (ABS) claims that international education is Australia’s fourth largest export, earning the country $51 billion in 2023–24. The ABS calculates this fantastical education “export” figure by summing expenditure by student visa holders on tuition fees and goods and services. In 2024-25, the ABS estimated that $30.2 billion was spent by |
Your Democracy
Monday, August 18, 2025 - 07:36
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Ukraine’s Vladimir Zelensky and several Western European leaders are due in Washington on Monday for talks with US President Donald Trump. The visit comes after Trump met Russian President Vladimir Putin in Alaska on Friday, in their first face-to-face talks since the escalation of the Ukraine conflict in 2022. Both leaders voiced cautious optimism that the discussions could help move towards a resolution of the hostilities between Moscow and Kiev. |
Your Democracy
Monday, August 18, 2025 - 05:55
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On March 4, 2018, Sergei Skripal, a 66-year-old former Russian intelligence officer turned British defector was allegedly poisoned with Novichok nerve agent in Salisbury, England, along with his 33-year-old daughter Yulia. |
Your Democracy
Monday, August 18, 2025 - 04:44
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The Trump-Putin encounter in Anchorage has angered some, disappointed others and baffled many more. Yet it has told us much about the state of the war in Ukraine, and the obstacles to the ending of hostilities. Anyone wishing to make sense of the event would not have been helped by Trump’s proverbial incoherence and self-promotion. Nor was the banal coverage on offer in much of the Western mainstream media any more helpful.
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John Quiggin
Monday, August 18, 2025 - 04:39
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Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. |
Your Democracy
Monday, August 18, 2025 - 04:33
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The Republican budget measure that U.S. President Donald Trump signed into law ... contains a provision that analysts say will allow private jet owners to write off the full cost of their aircraft in the first year of purchase, a boon to the ultra-rich that comes as millions of people are set to lose healthcare under the same legislation. |
MacroBusiness
Monday, August 18, 2025 - 00:05
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A major reason for the decline in Australia’s productivity and living standards is that Australia has grown its population rapidly via mass immigration (i.e., 8.7 million population increase this century, the fastest in the advanced world) but has failed to provide the extra workers with extra tools, machinery, and technology; extra homes for the millions The post Why Australia’s productivity growth won’t recover appeared first on MacroBusiness. |