Renew Economy
Friday, June 27, 2025 - 13:52
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Renew Economy
Friday, June 27, 2025 - 13:35
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MacroBusiness
Friday, June 27, 2025 - 13:30
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A 2024 report by the Penington Institute claimed that cannabis has become an integral part of the criminal economy, representing a $5 billion black market in Australia that generates massive profits for transnational gangs. “It’s shocking … how integrated it is to criminal networks. It’s an own goal for us. Police are already really busy. The post Aussies support cannabis legalisation appeared first on MacroBusiness. |
Renew Economy
Friday, June 27, 2025 - 13:02
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MacroBusiness
Friday, June 27, 2025 - 13:00
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I love iron ore sometimes. They are so hopeful. None more so than Mineral Resources as the doomed firm unveils its latest glorious folly. AFR. It’s the remote Pilbara iron ore project that has the market divided. Now, two years after first breaking ground at Ken’s Bore, Mineral Resources is out to spruik its flagship The post MinRes Putt Putts its way to hell appeared first on MacroBusiness. |
MacroBusiness
Friday, June 27, 2025 - 12:30
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Last week, CBA economist Harry Ottley reported on the quarterly labour market account from the Australian Bureau of Statistics (ABS), which showed that 60% of the nation’s job growth since the beginning of the pandemic has come from the non-market (government-aligned) sector. Over the past two years, the non-market sector accounted for 80% of jobs created. The post NDIS delivers artificial jobs boom appeared first on MacroBusiness. |
Renew Economy
Friday, June 27, 2025 - 12:23
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Your Democracy
Friday, June 27, 2025 - 12:13
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French President Emmanuel Macron has warned that the international community must act to prevent Iran from leaving the Treaty on the Non-Proliferation of Nuclear Weapons (NPT), which prohibits it from acquiring nuclear weapons. Some Iranian politicians have threatened to withdraw from the NPT in retaliation for recent US and Israeli strikes on the country’s nuclear facilities. |
Renew Economy
Friday, June 27, 2025 - 12:04
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MacroBusiness
Friday, June 27, 2025 - 12:00
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Wind generated power now comprises a substantial proportion of Australia’s electricity supply. As of September 2024, Australia had an installed wind capacity of approximately 13.3 GW. Wind power accounted for 13.4% (or 31.9 TWh) of Australia’s total electricity generation in 2024. The Albanese government aims to generate 82% of Australia’s electricity by 2030 from renewable The post Renewable energy suffers fatal flaw appeared first on MacroBusiness. |
MacroBusiness
Friday, June 27, 2025 - 11:30
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The Market Ear with the charts. Teflon tech NASDAQ getting overbought, but things can stay overbought for longer than most think possible, especially when the golden cross is in place… We outlined the melt up logic early this week and pointed out the fact investors are running way too little risk. Underexposure remains an issue The post Into the blowoff appeared first on MacroBusiness. |
MacroBusiness
Friday, June 27, 2025 - 11:00
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Victoria’s financial situation is dire, as projections indicate that the state’s debt will increase from $155.5 billion to $194 billion by FY29. Victoria’s per capita debt, already the highest in the nation, is projected to rise from $21,900 currently to $25,500 in FY29. Ratings agencies have warned that they will downgrade Victoria’s credit rating, which is The post Victorians railroaded into debt slavery appeared first on MacroBusiness. |
Renew Economy
Friday, June 27, 2025 - 10:51
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Renew Economy
Friday, June 27, 2025 - 10:45
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Renew Economy
Friday, June 27, 2025 - 10:37
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MacroBusiness
Friday, June 27, 2025 - 10:30
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According to the ABS, Australia continues to experience unprecedented labour demand. The problem is that the index is the worst available. Private measures are far below and heading back into the lowflation period. Goldman explains the ABS rubbish measure: Structural trends such as lower advertisement costs and a shift to more temporary positions tend to The post ABS job vacancies are garbage appeared first on MacroBusiness. |
MacroBusiness
Friday, June 27, 2025 - 10:00
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As the risks of a downward glide path for elements of China’s industrial economy continues to become clear, the risks for Australia’s economy and in particular state and federal Treasury outlooks are becoming increasingly apparent. So far the hole left in China’s iron ore consumption left by the dramatic decline in the residential property sector The post India cannot save Australia from China’s decline appeared first on MacroBusiness. |
xkcd.com
Friday, June 27, 2025 - 10:00
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MacroBusiness
Friday, June 27, 2025 - 09:30
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Global reflation ahoy! DXY down. AUD up. Lead boots up. Gold’s stall is signalling DXY may be running out of downside soon. Metals reflation. Miners up for a day. EM breaks out. Junk breaks out. Yields melting down. Stocks melting up. Buy all the things. Except DXY and European stocks, apparently. The market loved the The post Australian dollar joins buy everything party appeared first on MacroBusiness. |
The Tally Room
Friday, June 27, 2025 - 09:30
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The three-candidate-preferred (3CP) count has become a topic of more interest in recent elections because of close races where the dynamic of who makes it into the top two can decide who wins. But it’s also an interesting statistic which can tell us more then is revealed by the two-party-preferred vote, while being a bit simpler than primary vote statistics. So for this post, likely my final post analysing the 2025 federal election, I look at who made the 3CP where, and explore the dynamics of three of the most common 3CP combinations seen across Australia. |
MacroBusiness
Friday, June 27, 2025 - 09:00
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There’s no greater example of the disconnect of stock markets with economic reality with Wall Street surging overnight to almost historic highs on the back of a worsening Q1 GDP print and signs that Q2 will show the number 1 economy is in a full recession. What is reflecting reality are currency markets with the The post Macro Morning appeared first on MacroBusiness. |
Your Democracy
Friday, June 27, 2025 - 08:52
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These thoughts come to you from a bomb shelter underneath my hotel. My mobile tells me another one of Vladimir Putin’s ballistic missiles is headed our way. I tell you this not for the drama, but to remind you that this is no longer a novelty for millions of Ukrainians. |
MacroBusiness
Friday, June 27, 2025 - 08:00
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Credit ratings agency S&P notes that the combined budget deficits of Australia’s state and federal governments total $52 billion, while the net debt now exceeds 60% of the country’s GDP. This equates to a per capita deficit of $1,897 and a net debt of $45,183 per capita. Meanwhile, the combined net debt of the federal, The post Australia’s finances and economy are unsustainable appeared first on MacroBusiness. |
Your Democracy
Friday, June 27, 2025 - 07:28
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Australia’s media establishment has a problem and it’s not just about declining revenues or shrinking newsrooms. It’s about a fundamental failure to understand where we live and what’s at stake in our own neighbourhood.
Australia’s media myopia
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Your Democracy
Friday, June 27, 2025 - 07:23
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Your Democracy
Friday, June 27, 2025 - 06:37
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Australia has sanctioned the Russian pop singer Shaman, along with 36 other individuals and seven organizations, according to the Australian Ministry of Foreign Affairs. The list, published on Thursday, also includes renowned actor and TV presenter Vyacheslav Manucharov. |
Your Democracy
Friday, June 27, 2025 - 05:54
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On this episode of The David Frum Show, David opens with a Memorial Day message about corruption and extortion in the Trump White House, including revelations about meme-coin pay-to-play schemes and foreign-financed golf courses. |
Your Democracy
Friday, June 27, 2025 - 05:37
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MacroBusiness
Friday, June 27, 2025 - 00:05
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When the pandemic arrived on Australia’s shores in early 2020, housing was already unaffordable for a majority of households, as illustrated by falling homeownership rates and declining rates of household formation. But like the joke that a Russian family friend used to describe his nation’s history, the events that would unfold for Australia’s housing market |
Renew Economy
Thursday, June 26, 2025 - 19:06
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