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MacroBusiness Wednesday, September 10, 2025 - 10:00 Source

Frank Chung at News.com.au has published a startling report on the huge increase in migrants attempting to claim asylum. “As of July 31, there were 98,979 people whose protection visa application had been denied but were yet to be deported while 27,100 were awaiting a decision, according to the Department of Home Affairs”, Chung reported.

The post Proof Labor has failed dismally on immigration appeared first on MacroBusiness.

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xkcd.com Wednesday, September 10, 2025 - 10:00 Source

Welcome to the Linguistics Department - It has been [2] [DAYS] since someone noticed that the Biology Department sign has a one-day-long singular/plural disagreement after it resets.

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MacroBusiness Wednesday, September 10, 2025 - 09:30 Source

DXY is flopping around like a dead fish. AUD was rejected once, but looks ominous for a breakout. CNY is helping. Gold paused. Oil is stuffed. Metals meh. Big bear returned. EM to the moon! Junk is fine. Yields reversed a bit. Stocks ATH. US inflation is tomorrow, so that probably accounts for yields. There

The post Australian dollar roars to 66 cents appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 10, 2025 - 09:00 Source

Please note this is the last Macro Morning/Afternoon report for a month or so as I’m off on holiday – good luck, markets always get juicy when I’m away! Markets are ignoring macro risks, geo-political risks, monetary risks – all the risks – and focusing on the fact that the US Federal Reserve will cut

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Wednesday, September 10, 2025 - 08:39 Source

Japan’s Prime Minister Shigeru Ishiba on Sunday announced that he will resign after less than a year in office. Ishiba’s tenure, which began last October, has been marked by significant electoral setbacks for his governing coalition.

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Your Democracy Wednesday, September 10, 2025 - 08:35 Source

The US market has been under heavy pressure since early 2023, when a severe outbreak of avian influenza struck major poultry regions, forcing mass culling and reducing domestic production. The result was a sharp decline in output and soaring retail prices, making eggs one of the most inflation-sensitive products in the American diet.

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Your Democracy Wednesday, September 10, 2025 - 08:31 Source

Secretary of War Pete Hegseth and senior Pentagon officials made an unannounced visit to Puerto Rico on Monday. The Department of War has deployed a significant military force to the Caribbean as it prepares for more strikes against alleged Venezuelan cartels. 

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MacroBusiness Wednesday, September 10, 2025 - 08:00 Source

When you make race the issue, everything falls apart. Children are to learn about colonisation. Victorian children as young as four will learn the state’s history from the start of colonisation as described in the Truth be Told report of the Yoorrook Justice Commission, the official public record of the truth-telling hearings held from 2022

The post Jacinta Price fights Albo’s invasion appeared first on MacroBusiness.

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Your Democracy Wednesday, September 10, 2025 - 06:29 Source

The Russian Armed Forces outmatch Kiev’s army in both manpower and equipment, Ukrainian Commander-in-Chief Aleksandr Syrsky has said.

His remarks come after months of Ukrainian setbacks on the front lines and mounting struggles to replenish the ranks, with the country’s leader, Vladimir Zelensky, accused of dragging out peace efforts by insisting on Western-backed security guarantees.

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MacroBusiness Wednesday, September 10, 2025 - 00:05 Source

The Financial Review property summit was held last week, which contained the usual bluster on the need to lift Australia’s housing supply to meet demand. The summit heaped praise on housing minister Clare O’Neil for the urgency she has brought to the portfolio. “I think Clare O’Neil is one of the most activist ministers in

The post Why is the housing crisis always about supply and not demand? appeared first on MacroBusiness.

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Renew Economy Tuesday, September 9, 2025 - 21:39 Source
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Renew Economy Tuesday, September 9, 2025 - 21:33 Source
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Your Democracy Tuesday, September 9, 2025 - 19:14 Source

In the midst of France's political crisis, low trust in politics and politicians is creating fertile ground for fake news stories to spread. An anti-government campaign calling for a nationwide shutdown on September 10 is being pushed and manipulated by bots, likely controlled by a foreign entity. We take a closer look in this edition of Truth or Fake.

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MacroBusiness Tuesday, September 9, 2025 - 16:30 Source

Asian share markets are stumbling around with a variety of macro pressures overshadowing the broad gains on Wall Street and European markets overnight. Meanwhile the fall in business confidence in Australia and the slightly higher dollar is seeing local shares selloff again. The Australian dollar has now burst through the 65 cent level as the

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, September 9, 2025 - 15:21 Source
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Renew Economy Tuesday, September 9, 2025 - 14:16 Source
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MacroBusiness Tuesday, September 9, 2025 - 14:00 Source

Last week, the Albanese government announced that Australia’s permanent migrant intake would be maintained at the historically high level of 185,000. William Burke, founder of Sustainable Australia Party, argues that the permanent migrant intake is understated by at least 50,000 for the following reasons: “It does not count the annual permanent Humanitarian Program of around

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MacroBusiness Tuesday, September 9, 2025 - 13:30 Source

DXY is looking decidedly ill. AUD is rampaging again. CNY is up. Gold is up. Oil is down. Metals meh. Mining bear intact. EM to the moon. Junk fine. Major US yield breakdown across the curve. Stock ATH. Not much doubting what’s going on here. The Fed is coming, and its independence might be going,

The post Australian dollar roars with risk appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 9, 2025 - 13:00 Source

I am bullish but not a buyer here. The Market Ear. “Overboughter” Gold continues exploding higher post the powerful break out of the triangle formation. Note RSI has been marginally higher once since “forever”. Source: LSEG Workspac Zooming out Gold weekly RSI at very overbought levels, but we have seen the shiny metal go into

The post Parabolic gold appeared first on MacroBusiness.

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Renew Economy Tuesday, September 9, 2025 - 12:33 Source
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MacroBusiness Tuesday, September 9, 2025 - 12:30 Source

The thing about being a groveller is that you invite being bullied. China has accused Australia and Japan of prvoking tensions in the Asia-Pacific region after their foreign and defence ministers met in Tokyo days after Beijing staged its largest military parade in decades. In an editorial on Monday, the state-run China Daily said the

The post Time for another missile drill off Canberra appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 9, 2025 - 12:00 Source

Seriously, who would want to be a renter in Australia? After borders reopened in late 2021 and temporary migrants flooded into Australia in record volumes, rents surged. At the end of 2024, Cotality (now CoreLogic) estimated that rental payments were chewing up a record share of household income. Cotality’s latest Quarterly Rental Review estimated that

The post Australia’s rental crisis can only worsen appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 9, 2025 - 11:30 Source

The Westpac credit card tracker is better but not much. During the second part of August, the Tracker Index increased by almost 1 point to close the month at 138.5, which is near the upper end of the range that has been in place since April. The quarterly increase remains slow. Base effects from weather

The post Consumer plods on appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 9, 2025 - 11:00 Source

The Australian Labor Party’s 2023 National Policy Platform included the aspiration to progressively increase the Humanitarian Program to 27,000 places per year. The Albanese government already increased the Refugee and Humanitarian Program from 13,750 during the pandemic to 20,000 places in 2023-24 and 2024-25. The Australian Greens have called on Australia to lift the humanitarian

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MacroBusiness Tuesday, September 9, 2025 - 10:30 Source

The ferrous complex is very confused as steel prices tumble while iron ore breaks out. The data flow ranges from soft to weak. The latest CISA data for the end of August cratered 8%. Inventories fell 4% so the equilibrium is in the middle. Steel output is down 3.1% year to date and still falling.

The post Iron ore butts ceiling again appeared first on MacroBusiness.

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Renew Economy Tuesday, September 9, 2025 - 10:28 Source
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MacroBusiness Tuesday, September 9, 2025 - 10:00 Source

Economists have regularly debated the role of government as a driver of the economy since the Covid-19 pandemic. The most common data point is the contribution of the government to overall economic activity. As the chart below illustrates, over most of the last 40 years, the proportion of GDP derived directly from government generally moved

The post How government took over the economy appeared first on MacroBusiness.

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Your Democracy Tuesday, September 9, 2025 - 09:49 Source

A Holocaust Museum in Los Angeles has deleted a social media post featuring a slogan long associated with the Holocaust after some people claimed it alluded to the war in Gaza.

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MacroBusiness Tuesday, September 9, 2025 - 09:30 Source

Australians are fed up with the immigration-led economic model. It’s in every poll. Australian Population Research Institute: 54% want lower immigration; Newspoll: 56% want lower immigration; Essential: 54% believe Australia’s population is growing too fast and 64% believe immigration is too high; Lowy: 54% of people think the total number of migrants coming to Australia each year is too

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Cheeseburger Gothic Tuesday, September 9, 2025 - 09:15 Source

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