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MacroBusiness Tuesday, April 1, 2025 - 11:00 Source

JPM kicks us off. Country-Level: we look at Australia, Japan, and the UK as being relative safety havens. China may work, too, given the potential to add fiscal stimulus but that is a lower conviction long. US Sector Level: Energy and Utilities (ex-AI plays) are the two best longs and look for Lower-Income Discretionary and higher beta

The post Tariffs to the moon, stocks to hell appeared first on MacroBusiness.

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Your Democracy Tuesday, April 1, 2025 - 10:40 Source

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MacroBusiness Tuesday, April 1, 2025 - 10:38 Source

After his recent botching of the Chinese maritime missile tour of Australia’s major cities, Albo is again trumped by the appearance of another hostile Chinese vessel.  The Australian. Defence has handed responsibility for the monitoring of a suspected Chinese spy ship to the Australian Border Force despite Anthony Albanese’s claim that the ADF is on

The post Another Chinese pleasure cruise sinks Albo appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 1, 2025 - 10:30 Source

The Australian Energy Market Operator (AEMO) does not mince words. GPG plays a critical function in supporting the reliable and secure operation of the power system. When coal generation and/or renewable generation output is low, it is often the role of gas-powered facilities to increase output to firm available electricity supplies. Analysis from the 2024

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MacroBusiness Tuesday, April 1, 2025 - 10:00 Source

The ferrous complex continues to struggle. At issue are steel output cuts. Beijing said it intends to curb steel production in the country due to overcapacity. While there is no official release yet, some steelmakers have voluntarily reduced production in anticipation of the formal announcement, therefore curbing demand for iron ore. Furthermore, worries over demand

The post Iron ore hit by output cuts appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 1, 2025 - 09:30 Source

Last week’s softer-than-expected monthly inflation gauge from the Australian Bureau of Statistics (ABS) was matched by the Melbourne Institute’s (MI) trimmed mean inflation gauge for March. As illustrated below by Justin Fabo from Antipodean Macro, the seasonally adjusted trimmed mean inflation fell to its lowest level since 2020 on a 3-month average basis. The following

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Renew Economy Tuesday, April 1, 2025 - 09:10 Source
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Your Democracy Tuesday, April 1, 2025 - 09:08 Source

Despite 80 years of Australian unwavering loyalty, as expected the US, “our closest ally”, is now screwing us on tariffs, with a hefty 25% tariff placed on Australian steel and aluminium exports. 

 

John Queripel

Time to call it. The US doesn't give a stuff for us

 

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Renew Economy Tuesday, April 1, 2025 - 09:05 Source
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MacroBusiness Tuesday, April 1, 2025 - 09:00 Source

As the April 2 deadline looms for the Fanta Fuhrer’s Tariff Tirade, Wall Street had to react to the weekend newsflow and did so with volatility plus, falling sharply before a late rebound while currency markets were more sanguine, waiting for actual results. The USD held against Euro and Pound Sterling while the Australian dollar

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Tuesday, April 1, 2025 - 08:59 Source
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Your Democracy Tuesday, April 1, 2025 - 08:59 Source

Donald Trump has expressed frustration and stated that he is “pissed off” with Russia. He has then warned Russia that he would impose secondary tariffs on all Russian oil exports unless Putin agrees to a ceasefire in Ukraine. Donald Trump also stated that the US will “100% take Greenland” and he warned Zelensky not to back out of the Mineral Deal. It is also being reported that Zelensky is getting ready for elections in the summer.

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MacroBusiness Tuesday, April 1, 2025 - 06:13 Source

DXY was firm last night. AUD was not. Lead boots are holding on. Gold parabola. Trump needs to shut up about Iran, or he’ll derail the Bessent Plan via oil. Another copper bubble goes “pop”. Big Miner’s big bear is still hungry. EM meh. Junk stressy but not enough. Every time it falls, stocks party,

The post Australian dollar mown down by fear appeared first on MacroBusiness.

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Your Democracy Tuesday, April 1, 2025 - 06:13 Source

In 2023, the federal government set up a review of the National Intelligence Community (the NIC). It was to report in the first half of 2024.

On 21 March 2025, Prime Minister Anthony Albanese released, with a flourish, the review’s report, titled “Independent Intelligence Review 2024”.

 

BY Paddy Gourley

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Renew Economy Tuesday, April 1, 2025 - 06:00 Source
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Digitopoly Tuesday, April 1, 2025 - 00:33 Source

A prototype is a product or service’s early sample, model, or release. It is built to test a concept or process and serves as a tangible representation of an idea. Some prototypes are primarily commercial, while others are scientific.

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MacroBusiness Tuesday, April 1, 2025 - 00:05 Source

In late 2021, the Labor Party released its Powering Australia Plan, which promised to reduce NEM wholesale electricity costs by $11 per MWh, from $62 to $51, by 2025. Labor claimed that its Powering Australia Plan would save Australians $275 on their residential power bills by 2025 and an additional $103 by 2030. On dozens of

The post How many times did Labor lie on energy prices? appeared first on MacroBusiness.

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New Politics Monday, March 31, 2025 - 22:05 Source

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Your Democracy Monday, March 31, 2025 - 17:53 Source

With Donald Trump overturning assumptions about international order, we must re-examine the fundamentals of our foreign and defence policies. Former Senator and submariner Rex Patrick proposes four ideas to advance the debate.

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MacroBusiness Monday, March 31, 2025 - 17:30 Source

A sea of red across Asian stock markets in response to the poor finish to the trading week on Friday night on Wall Street with Japanese bourses falling sharply as exporters worry about the next round of Trump tariffs. The USD is losing ground against most of the major currency pairs although the appreciation in

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Monday, March 31, 2025 - 15:14 Source

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Renew Economy Monday, March 31, 2025 - 14:27 Source
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MacroBusiness Monday, March 31, 2025 - 14:00 Source

New Zealand’s unemployment rate increased to 5.1% in Q4 2024 from 4.8% in Q3 2024. In comparison, Australia’s unemployment rate was 3.9% in the fourth quarter of 2024 (4.1% in January), the largest difference since Q3 2012. As a result, large volumes of Kiwis have left New Zealand for Australia. New data from Stats NZ,

The post Reserve Bank wrestles with surging unemployment appeared first on MacroBusiness.

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MacroBusiness Monday, March 31, 2025 - 13:30 Source

The idiot MSM is at its gotcha worst. Peter Dutton has again refused to offer a figure for how much power prices would come down under a government he leads, while assuring those prices would nonetheless be lower than they would be under a re-elected Labor government. Assuming Dutton dropped the spot gas price to

The post How much will Dutton drop electricity prices? appeared first on MacroBusiness.

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MacroBusiness Monday, March 31, 2025 - 13:00 Source

Iron ore continues its plod sideways as steel falls away. The Office of the Chief Economist’s quarterly forecast is out is an interesting mix of fear and greed. It has finally mustered the courage to include the Pilbara killer in its supply outlook but it has spread the ramp up of shipments very conservatively so

The post Iron ore everywhere! appeared first on MacroBusiness.

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Renew Economy Monday, March 31, 2025 - 12:32 Source
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MacroBusiness Monday, March 31, 2025 - 12:30 Source

As we know, the Albanese government is an inveterate liar on most matters of economics. Today, he adds to the ignominious record. Albanese said the Australian Domestic Gas Security Mechanism, which enables the government to pressure exporters to release more domestic gas when needed, was working sufficiently. “The spot price is at $13. When we

The post Albo protects gas cartel with more lies appeared first on MacroBusiness.

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MacroBusiness Monday, March 31, 2025 - 12:00 Source

With the federal election campaign in full swing and voters heading to the polls on Saturday 3 May, the first batch of opinion polling has Labor leading the Coalition and Anthony Albanese ahead of Peter Dutton as preferred prime minister. According to a Resolve Political Monitor poll conducted by Nine newspapers, Albanese leads Dutton by

The post Albo’s Labor takes early election lead appeared first on MacroBusiness.

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MacroBusiness Monday, March 31, 2025 - 11:30 Source

Alan Kohler produced an explainer video for ABC where he summarised Australia’s housing crisis with the following: “We know that dwelling approvals have been in trend decline for 10 years”. “We also know that population growth has been climbing for 20 years driven by a doubling and then tripling of migration”. “This is why we

The post Why Australia has a housing crisis appeared first on MacroBusiness.

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MacroBusiness Monday, March 31, 2025 - 11:00 Source

The Market Ear on some worrying signals for the bubble. Mother of all trend lines Does this look bullish to you? Big rejection as we tested the 200 day and the huge trend line from below. 50 crossed the 100 day, marking the “light” death cross. NDX 19k is the must hold area. Source: Refinitiv

The post Stock bubble ready to burst appeared first on MacroBusiness.

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