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MacroBusiness Tuesday, August 19, 2025 - 09:00 Source

Last night was all about geopolitics with an absence of economic releases for markets to pivot on, the result being a staid session on Wall Street and across the Atlantic as European stocks pulled back slightly. Markets are waiting for the Jackson Hole conference later in the week with the USD pushing slightly higher overnight

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 19, 2025 - 08:00 Source

Nearly a decade ago, in 2016, then Australian Competition and Consumer Commission (ACCC) Chairman, Rod Sims, delivered a speech on the growing concentration of Australian industry. New research undertaken by Reserve Bank of Australia (RBA) economists has concluded that increased market concentration in some sectors of the economy has weighed on productivity. The RBA economists found

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Renew Economy Tuesday, August 19, 2025 - 06:02 Source
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Your Democracy Tuesday, August 19, 2025 - 05:55 Source

Following his meeting with Ukraine’s Zelensky, US President Donald Trump declared that there are decent odds of finally ending the Ukrainian conflict.

He added that:

Russian President Vladimir Putin and Ukraine’s Zelensky want to resolve the Ukrainian conflict

European leaders also want peace in the region

Zelensky did not give a clear answer whether he is ready for territorial concessions

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Your Democracy Tuesday, August 19, 2025 - 05:22 Source

 

It’s been a 60-year quest to take Timor’s oil and gas. An invasion didn’t get it. Spying didn’t get it. So now Australia is waiting them out. Former senator Rex Patrick reports from the streets of Dili.In 1969, Australia granted five exploration permits for petroleum over parts of the seabed in the Timor Sea that lay closer to the coast of Portuguese Timor than to the coast of Australia. Portugal formally protested, but events overtook things.

 

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Renew Economy Tuesday, August 19, 2025 - 05:00 Source
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Your Democracy Tuesday, August 19, 2025 - 04:44 Source

 

If it weren’t so serious, it would be laughable. A code of conduct for a writers’ festival?

Yet that was the requirement asked of authors if they wanted, after having been invited, to take part in one section of the Bendigo Writers Festival. Understandably, many refused and did not attend.

 

Warwick McFadyen

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MacroBusiness Tuesday, August 19, 2025 - 00:05 Source

Earlier this year, Matt Bell of The Australian wrote an article based on the Hays 2025 Skills Report, saying that Australia was experiencing a skills crisis, with businesses struggling to recruit staff with the necessary abilities. Similar views have been expressed throughout the lead-up to the federal government’s productivity summit, even though Jobs and Skills

The post Australia needs skills, not Uber drivers appeared first on MacroBusiness.

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THE BLOT REPORT Monday, August 18, 2025 - 23:00 Source

Just over a year ago, I wrote a piece about the 2012 discovery of a group of early hominins, the Denisovans, from a cave in Siberia. All that was initially found was a finger bone, from which was extracted some DNA, which showed the owner as not belonging to the Neanderthals. This finger bone belonged to the first group of archaic humans to be revealed solely by their DNA and associated proteins, rather than the morphology of their fossilised bones. Subsequently another sample of Denisovan DNA was extracted from another specimen from the same cave1.

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Renew Economy Monday, August 18, 2025 - 22:25 Source
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Cheeseburger Gothic Monday, August 18, 2025 - 16:36 Source

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.

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MacroBusiness Monday, August 18, 2025 - 16:30 Source

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.

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Your Democracy Monday, August 18, 2025 - 16:19 Source

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.

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Renew Economy Monday, August 18, 2025 - 15:06 Source
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MacroBusiness Monday, August 18, 2025 - 14:00 Source

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.

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Your Democracy Monday, August 18, 2025 - 14:00 Source

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.

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Renew Economy Monday, August 18, 2025 - 13:33 Source
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MacroBusiness Monday, August 18, 2025 - 13:30 Source

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.

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MacroBusiness Monday, August 18, 2025 - 13:00 Source

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.

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MacroBusiness Monday, August 18, 2025 - 12:30 Source

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.

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Renew Economy Monday, August 18, 2025 - 12:28 Source
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Renew Economy Monday, August 18, 2025 - 12:21 Source
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MacroBusiness Monday, August 18, 2025 - 12:00 Source

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.

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MacroBusiness Monday, August 18, 2025 - 11:30 Source

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.

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MacroBusiness Monday, August 18, 2025 - 11:00 Source

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.

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MacroBusiness Monday, August 18, 2025 - 10:30 Source

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.

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MacroBusiness Monday, August 18, 2025 - 10:00 Source

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.

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xkcd.com Monday, August 18, 2025 - 10:00 Source

I dropped my phone while trying to search, and I tried to unlock it from up here, so can you also search for screen repair places?

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The Tally Room Monday, August 18, 2025 - 09:30 Source

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.

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MacroBusiness Monday, August 18, 2025 - 09:30 Source

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.

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