Your Democracy
Saturday, August 16, 2025 - 08:09
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DEAL-MAKING COULD BE THE MOST IMPORTANT CHARACTERISTIC OF HOMO SAPIENS — MORE THAN INVENTING THE WHEEL OR WHATEVER. WHEN GORBACHEV DECIDED TO "MAKE THE USSR GIVE UP THE COLD WAR", INSTEAD OF A SITUATION WHERE WE KILL YOU IF YOU TRY TO KILL US, THE DEAL BECAME LOPSIDED: THE WINNER OF THE COLD WAR WAS NOT GOING TO BE "NICE"... IT'S THE BASEST HUMAN NATURE: WE WIN THE RIGHT TO RAPE YOU... AND THE WEST TRIED TO DO THIS TO RUSSIA UNTIL PUTIN CAME ALONG.... |
Your Democracy
Saturday, August 16, 2025 - 06:19
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In 1867, the Russian empire sold Alaska to the US for $7.2 million. Perhaps the location of the upcoming summit between Donald Trump and Vladimir Putin is a nod and a wink to such a great deal? Maybe Putin will like Alaska so much he will have seller’s remorse?
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Your Democracy
Saturday, August 16, 2025 - 05:49
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Talks at the Russia-US summit in Alaska have formally begun, following the arrival of Russian President Vladimir Putin and his American counterpart, Donald Trump, in Anchorage. The negotiations at Joint Base Elmendorf-Richardson on Friday, will focus on finding a settlement to the Ukraine conflict. According to Moscow, global “peace and security” as well as “further development of bilateral cooperation” in the economy and trade will also be on the agenda. |
MacroBusiness
Saturday, August 16, 2025 - 00:05
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International Reading: Mark Cuban says companies should be taxed more for buying back their own shares – Business Insider The Trump family has raked in $3.4 billion over his two presidencies, new report says – The Independent Goldman stands by call that consumers will bear the brunt of tariffs after Trump blasts bank’s economist – The post Weekend reading and MB media appearances appeared first on MacroBusiness. |
Your Democracy
Friday, August 15, 2025 - 17:38
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Moscow is ready to present a clear stance at the upcoming summit between Russian President Vladimir Putin and his US counterpart, Donald Trump, which will mainly focus on the Ukraine conflict, Foreign Minister Sergey Lavrov has said. In an interview with the Russia 24 broadcaster released on Friday, Lavrov – who has reportedly already arrived in Anchorage, Alaska, where the talks are set to take place – declined to speculate on potential results of the summit. |
MacroBusiness
Friday, August 15, 2025 - 16:00
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Asian share markets were dominated by Chinese data today with weakness across their domestic economy while Japanese GDP data came in slightly better than expected. Most markets are up as a result as Chinese traders expect more stimulus while the BOJ seems to be faring okay with its inflationary targets not pulling back growth. The The post Macro Afternoon appeared first on MacroBusiness. |
Renew Economy
Friday, August 15, 2025 - 15:48
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Renew Economy
Friday, August 15, 2025 - 15:29
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Renew Economy
Friday, August 15, 2025 - 15:22
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Renew Economy
Friday, August 15, 2025 - 15:18
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Renew Economy
Friday, August 15, 2025 - 14:35
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Renew Economy
Friday, August 15, 2025 - 14:32
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John Quiggin
Friday, August 15, 2025 - 14:22
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Renew Economy
Friday, August 15, 2025 - 14:13
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MacroBusiness
Friday, August 15, 2025 - 14:00
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The Reserve Bank of New Zealand has slashed the official cash rate (OCR) by 2.25%, with further rate cuts expected. As illustrated below by Justin Fabo from Antipodean Macro, the reduction in the OCR has driven down the cost of new mortgages, which should have lifted housing demand and stimulated home prices. However, home values The post New Zealand house prices plummet appeared first on MacroBusiness. |
John Quiggin
Friday, August 15, 2025 - 14:00
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\A new road charge is looming for electric vehicle drivers, amid reports Treasurer Jim Chalmers is accelerating the policy as part of a broader tax-reform push. |
MacroBusiness
Friday, August 15, 2025 - 13:00
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Since the COVID-19 lockdowns started in Australia in March 2020, the nation’s capital city home prices have risen at vastly different rates. As illustrated below using PropTrack data, dwelling values in Brisbane, Perth, and Adelaide have soared at similar rates, increasing by around 90% since March 2020 across the three markets. Sydney dwelling values have The post Why Australian house prices are two-speed appeared first on MacroBusiness. |
MacroBusiness
Friday, August 15, 2025 - 12:30
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The Market Ear on bubble trouble. Pushing it SPX trying to break above the Bollinger band. Not a reason to sell itself, as markets can stay in the upper Bollinger band for longer than most think possible, but still worth watching. Source: Bloomberg/GS Concentration “Growing index concentration and narrowing market breadth has increased downside risk The post Bubble trouble appeared first on MacroBusiness. |
MacroBusiness
Friday, August 15, 2025 - 12:00
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Record public spending has recently powered the Australian economy. At the same time, Australian households have exhibited recessionary behaviour, with real per capita household consumption tracking negative for seven consecutive quarters on an annual basis, down 2.4% from its peak. The decline in household spending, which usually accounts for about 60% of GDP growth, is |
MacroBusiness
Friday, August 15, 2025 - 11:30
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DXY is up again. AUD down. CNY fine. Gold whacked. Metals OK. Miners are going lower. EM rolled. Junk is fine. Yields up a bit. Stocks flat. The US PPI was pretty hot today. Even worse, it’s mostly services. Add ongoing pressure from goods via tariffs. With wage growth going strong as Trump slashes immigration The post Australian dollar pounded by US price shock appeared first on MacroBusiness. |
MacroBusiness
Friday, August 15, 2025 - 11:00
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In the history of the industrialised world, there have been many technological innovations that have transformed the way we collectively live our lives. The steam locomotive and the radio are two of the many inventions that have changed history, but not all of them have been as profitable as one might think for their inventors. The post AI – Revolutionary but not overly profitable? appeared first on MacroBusiness. |
MacroBusiness
Friday, August 15, 2025 - 10:30
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The ferrous complex was smacked yesterday. ANZ has done a good job of calling the top. The iron ore market continues to shrug off ongoing weakness in China’s property sector. The prospect of further rationalisation of its steel industry could add further support to prices. …A pullback in steel output in recent months has improved The post Iron ore bashed lower appeared first on MacroBusiness. |
MacroBusiness
Friday, August 15, 2025 - 10:00
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Australian real wages recorded a record 7.3% decline between mid-2020 and the September quarter of 2023. They have since recorded a modest 1.3% rebound, meaning that real wages remained 6.0% below their peak as of mid-2025. The August Statement of Monetary Policy (SoMP) from the Reserve Bank of Australia (RBA) forecast that real wages would The post Real wages may take another decade to recover appeared first on MacroBusiness. |
xkcd.com
Friday, August 15, 2025 - 10:00
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MacroBusiness
Friday, August 15, 2025 - 09:30
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This is how bad the Albanese government is. Sensing that its rorting of the public will ultimately destroy its own licence to operate, the gas cartel is itself now demanding that it be constrained. SMH. In a submission to the government’s review of the nation’s gas market, Australia Pacific LNG (APLNG) says an export licensing The post You’re about to be sold out by Albo’s gas crooks again appeared first on MacroBusiness. |
Renew Economy
Friday, August 15, 2025 - 09:29
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MacroBusiness
Friday, August 15, 2025 - 09:00
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This time an inflation print actually got traders worried on Wall Street with the latest US PPI coming in hot overnight showing that the tariff “push” is slowing coming through the US economy. The USD got off the ropes against all the majors, pushing most of them down with rollovers as Euro lost more than The post Macro Morning appeared first on MacroBusiness. |
MacroBusiness
Friday, August 15, 2025 - 08:00
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In February, on ABC’s Q&A, Prime Minister Anthony Albanese stated that the government was cutting immigration and relieving pressure on the housing market by reducing international student numbers. Albanese noted that the student visa system was being “abused”. On Thursday, the Australian Bureau of Statistics (ABS) released net permanent and long-term arrivals data for June, which |
Your Democracy
Friday, August 15, 2025 - 07:28
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The Wall Street Journal reports on Tuesday that U.S. President Donald Trump's White House is keeping an eye on the Smithsonian Museum to ensure that its exhibits on display for the United States' 250th anniversary "align with" the president's personal "interpretation of American history."
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Your Democracy
Friday, August 15, 2025 - 06:36
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Those who accuse the Albanese Government of breaking with a historic Labor position of opposing recognition of a Palestinian state are wrong. Labor has a long-held ambition of a two-state solution to the Palestinian Israeli conflict.
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