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Your Democracy
Tuesday, March 11, 2025 - 08:59
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The Australian War Memorial has dismissed calls to stop taking money from the world's largest weapons manufacturers, despite outrage from critics and historians that it defiles the commemoration of the nation's war dead. A Four Corners investigation has also found that the memorial's chairman, and former politician, Kim Beazley has paid roles with two multinational arms companies. |
MacroBusiness
Tuesday, March 11, 2025 - 08:04
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DXY held on as safe haven flows pick up despite the new super EUR. AUD crashed against everything. Lead boots stable Oil needs to be in the $50s. Commods are far too high for a US recession. Miners = dogs. EM likewsie. Junk is serene. Maybe it needs to break to flush this bearish impulse. The post Australian dollar crashes with everything appeared first on MacroBusiness. |
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Your Democracy
Tuesday, March 11, 2025 - 07:20
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Russia has told Australia there will be "grave consequences" if it puts "boots on the ground" in Ukraine as part of a Western peacekeeping operation proposed by UK Prime Minister Kier Starmer. |
Renew Economy
Tuesday, March 11, 2025 - 06:34
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Renew Economy
Tuesday, March 11, 2025 - 02:53
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MacroBusiness
Tuesday, March 11, 2025 - 00:05
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In January, Domain published the following chart showing how the proportion of income a median household needed to pay the median rent hit a record high 33% in Q3 2024. REA Group has released its Q4 Rental Affordability Report, which found that rental affordability is at its worst level on record, driven by surging rents The post Aussie renters cannot catch a break appeared first on MacroBusiness. |
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Your Democracy
Monday, March 10, 2025 - 23:05
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Trump takes control of the White House press pack, giving supportive outlets new prominence. https://www.abc.net.au/mediawatch/episodes/pool/105033568
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MacroBusiness
Monday, March 10, 2025 - 16:23
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AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 The post Macro Afternoon: 10 March 2025 appeared first on MacroBusiness. |
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Renew Economy
Monday, March 10, 2025 - 16:02
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Renew Economy
Monday, March 10, 2025 - 15:48
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Renew Economy
Monday, March 10, 2025 - 15:01
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Renew Economy
Monday, March 10, 2025 - 14:58
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Renew Economy
Monday, March 10, 2025 - 13:25
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MacroBusiness
Monday, March 10, 2025 - 13:00
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In the 2010 federal election, the incumbent Australian Labor Party, led by Prime Minister Julia Gillard, won a second term after forming a minority government with three independent MPs. A result similar to the 2010 federal election looks like the most likely outcome of the upcoming federal election. The latest Newspoll for The Australian shows The post History repeating as hung parliament looms appeared first on MacroBusiness. |
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MacroBusiness
Monday, March 10, 2025 - 12:30
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Labor greybeard, Bill Kelty, has delivered the government, especially Treasurer Jim “chicken” Chalmers, a stinging slap across the face. Former trade union leader and economic trailblazer Kelty, whose work with the Hawke and Keating Labor governments helped usher in two decades of prosperity, described the reality of many Australians’ declining living standards as “political kryptonite” |
Renew Economy
Monday, March 10, 2025 - 12:03
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Renew Economy
Monday, March 10, 2025 - 12:03
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MacroBusiness
Monday, March 10, 2025 - 12:00
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In January, Domain published a series of charts showing that Australia’s housing affordability was the worst in recorded history. The national dwelling value-to-income ratio hit an equal record high of 8.0 in Q3 2024, up from a 20-year average of 6.7. The amount of time taken for the median-income household to save a deposit on The post Australia’s housing affordability crisis deepens appeared first on MacroBusiness. |
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MacroBusiness
Monday, March 10, 2025 - 11:30
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Wholesale electricity prices have been falling in recent days. However, they are still double year on year! Prices have been easing in the weak demand shoulder season as the gas cartel plays dead going into the election. However, ahead are still some very difficult problems with very severe outcomes. With futures up 25% year on The post Gas cartel plays dead for election appeared first on MacroBusiness. |
MacroBusiness
Monday, March 10, 2025 - 11:00
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Australians have endured the largest cost-of-living shock in modern history. The following chart deflates the Australian Bureau of Statistics’ (ABS) official wage price index against the ABS’ cost of living index for employee households. On this measure, Australian real wages in Q4 2024 were tracking 10.1% below the peak at around Q1 2012 levels. The |
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xkcd.com
Monday, March 10, 2025 - 11:00
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Your Democracy
Monday, March 10, 2025 - 10:32
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SINCE THE INCEPTION OF THIS SITE, WE HAVE TOYED WITH THE CONCEPT THAT THE MOST SUCCESSFUL HUMAN SPECIES INVENTION WAS DECEIT. WE HAVE ALSO OFTEN DEMONSTRATED THAT OUR MOST POPULAR INVENTION WAS STUPIDITY. COMBINE DECEIT AND STUPIDITY AND WE INVENT BELIEFS. |
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MacroBusiness
Monday, March 10, 2025 - 10:30
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Goldman is unusually bearish. 5 Key Themes to End the Week 1. The Risk of a Prolonged Bear Market: No Crisis, Just Pain The lack of a clear financial crisis means markets won’t experience a rapid, cathartic selloff that forces deleveraging and resets valuations. Instead, the risk is a slow, painful decline over multiple years, The post Is Tech Wreck 2.0 here? appeared first on MacroBusiness. |
MacroBusiness
Monday, March 10, 2025 - 10:00
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Via Goldman, the headline numbers and deficit breakdown. The 2025 fiscal targets unveiled during the “Two Sessions” imply the total amount of government bond net issuance quota will increase to RMB11.9tn in 2025 from RMB9.0tn in 2024. According to the 2025 budget report proposal, the MOF expects fiscal revenue growth to slow, but fiscal expenditure The post Chinese yawnulus moves on from steel appeared first on MacroBusiness. |
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MacroBusiness
Monday, March 10, 2025 - 09:30
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China is in the flush of one last steel export surge, up 6.7% year on year for Jan/Feb. Iron ore fell sharply on supply disruptions. The balance explains the small easing in port stocks of iron ore. It also helps explain tearaway CISA steel out mid-February. But, dead ahead are the tariffs and the export The post Tariff front running boosts iron ore market appeared first on MacroBusiness. |
John Quiggin
Monday, March 10, 2025 - 09:01
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Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. |
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MacroBusiness
Monday, March 10, 2025 - 09:00
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Friday night saw the release of the latest US unemployment aka non-farm payroll figures and while they underperformed they came in as expected, giving a relief valve to Wall Street which managed a meagre rally to end the trading week still at a new low. European stocks pulled back but then managed more gains in The post Macro Morning appeared first on MacroBusiness. |
MacroBusiness
Monday, March 10, 2025 - 07:00
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Australia’s labour market appears to be tremendously healthy. According to the Australian Bureau of Statistics’ (ABS) monthly labour market survey, the economy added 173,000 (3.5%) jobs in the year to January. Australia’s official unemployment rate (4.1%) is also among the lowest in the advanced world, alongside the United States. On Friday, the ABS released its The post Taxpayers fuel Aussie jobs boom appeared first on MacroBusiness. |
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MacroBusiness
Monday, March 10, 2025 - 00:05
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On Saturday morning, I awoke to news that a friend’s home one kilometre away was the victim of an attempted home invasion. The bandits climbed over a neighbour’s side fence and attempted to force their way into the rear door. Luckily the neighbour awoke, made a racket, and they ran away. The following day, the The post Melbourne has fallen appeared first on MacroBusiness. |
Renew Economy
Sunday, March 9, 2025 - 22:04
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