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MacroBusiness
Friday, October 31, 2025 - 13:00
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Last week, I argued that Australia is the dumbest developed nation on Earth for choosing to give itself expensive and unreliable energy when it is literally a global energy superpower rich in everything other than oil. In retrospect, I should have awarded the “dumbest developed nation” prize to Germany, which stupidly chose to blow up The post How Germany blew up its economy appeared first on MacroBusiness. |
MacroBusiness
Friday, October 31, 2025 - 12:30
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In decades now long passed, the issue of migration was largely one of practical considerations, defined by questions such as: How many new arrivals per year is viable? How many homes do we need to build? What skills base needs to be expanded? What is the right path toward integrating new arrivals into society while The post Canadians turn away from migration appeared first on MacroBusiness. |
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Renew Economy
Friday, October 31, 2025 - 12:30
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Renew Economy
Friday, October 31, 2025 - 12:30
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Renew Economy
Friday, October 31, 2025 - 12:25
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MacroBusiness
Friday, October 31, 2025 - 12:00
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In the annals of wasted public investment, few attempts to build an industry can compete with the abject failure of hydrogen. $60 billion in incentives are available for hydrogen research and production, most of it sitting on the shelf, unused. Hydrogen was only ever going to be a niche industrial gas for decarbonising such things The post Energy superidiot lurches from hydrogen to farts appeared first on MacroBusiness. |
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MacroBusiness
Friday, October 31, 2025 - 11:30
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The Market Ear on equities. Running hot The tech squeeze has already hit, with MAG 5 stocks now making up 61% of U.S. GDP. Forced buying and upside panic have stretched the right tail to the breaking point—now, the question is whether the rally can hold, or if a sharp pullback is inevitable. Too much The post AI deletes Warren Buffet appeared first on MacroBusiness. |
MacroBusiness
Friday, October 31, 2025 - 11:00
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Housing minister Clare O’Neil continues her blame game and propaganda tour, this time taking aim at the Greens for “blocking” the construction of new homes: O’Neil’s latest attack follows the dismal dwelling construction data released this month by the ABS, which showed that completions fell by 2% in 2024-25 and were tracking 65,970 (27%) below The post Clare O’Neil’s housing dud faces audit appeared first on MacroBusiness. |
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xkcd.com
Friday, October 31, 2025 - 11:00
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MacroBusiness
Friday, October 31, 2025 - 10:30
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Australia is experiencing its worst rental crisis in living memory. According to Cotality, the number of homes listed for rent across the combined capital cities is tracking at its lowest level on record following an 18.5% annual decline. Australia’s rental vacancy rate has also declined to a record low of 1.5% nationally, down 0.4% over The post Aussies want immigration cut to ease housing crisis appeared first on MacroBusiness. |
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MacroBusiness
Friday, October 31, 2025 - 10:15
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Victoria disease is coming to a shopping mall near you. Wesfarmers has revealed that staff across its stores, including Kmart and Bunnings, faced over 13,500 threatening incidents from customers in the past year, including more than a thousand physical assaults. …“During the year we experienced a significant worsening of retail crime and customer threatening situations,” Wesfarmers CEO |
MacroBusiness
Friday, October 31, 2025 - 10:00
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DXY is back. AUD is being sat on by an elephant. CNY did like the trade truce. Gold is trying as the Fed hawked up, expecting Trump to go nuts. AI metals falmed out with AI. Big miners shooting star. EM too. Junk no bueno. Yields back-up. Tech dwn. Charlie McElligott sums it nicely. Jerome The post Rise of the greenback haunts Australian dollar appeared first on MacroBusiness. |
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MacroBusiness
Friday, October 31, 2025 - 09:30
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Westpac credit card data tracker has been massaged to produce more positive results. Note that this release introduces major improvements to our Westpac-DataX Card Tracker Index* including significantly expanded coverage and changes that bring measures into closer alignment with official ABS estimates. These have led to significant revisions to previously published figures and growth rates. The Westpac-DataX Card |
MacroBusiness
Friday, October 31, 2025 - 09:00
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Risk markets fell were uneasy overnight on the so-called US-China truce out of the summit between the Trump and Xi regimes with Wall Street falling back despite very solid earnings from Amazon as Meta was dumped more than 11% on AI troubles. The USD reasserted its recent strength against all the majors – except gold The post Macro Morning appeared first on MacroBusiness. |
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Renew Economy
Friday, October 31, 2025 - 08:20
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MacroBusiness
Friday, October 31, 2025 - 08:08
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The Albanese government’s 5% deposit scheme for first home buyers, which came into effect on 1 October, had the desired effect on home prices. Cotality’s daily dwelling values index, which covers the five major capital city markets, surged by 1.1% in October, driven by Perth (1.9%), Brisbane (1.6%), and Adelaide (1.4%). Over the October quarter, The post First home buyer deposit scheme rockets house prices appeared first on MacroBusiness. |
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Your Democracy
Friday, October 31, 2025 - 06:55
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Last week, a friend asked if I was worried about Chinese “nuclear threats". I asked where he had heard that. He showed me his phone. “WE OPPOSE: CHINA ISSUES NUKE WARNING AFTER AUSTRALIA-US DEAL.”
The ABC and News Corp finally agree on something: China panic
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Your Democracy
Friday, October 31, 2025 - 06:20
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Kremlin vows response if US violates nuclear moratoriumUS leader Donald Trump earlier said he had ordered the Pentagon to resume nuclear arms trials Russia will respond “accordingly” if the US violates a moratorium on testing nuclear weapons, Kremlin spokesman Dmitry Peskov has said. |
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Your Democracy
Friday, October 31, 2025 - 06:16
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ASEAN is quite a delicate geopolitical entity: gracious, polite and consensual but at the same time, always privileging its “centrality”. The collective 11 Southeast Asians (East Timor is the new member) are very serious global players - with a GDP of $3.8 trillion, and constantly rising. |
MacroBusiness
Friday, October 31, 2025 - 00:05
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Renew Economy loves to boast whenever wind and solar generation spike and comprise an oversized share of electricity generation. For example, on 23 June 2025, Renew Economy boasted that wind generation hit a record across eastern Australia: “According to data from GPE NEMLog, wind and solar set a new output peak of 12,563 megawatts (MW) The post Australia needs energy stability, not fantasies appeared first on MacroBusiness. |
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MacroBusiness
Thursday, October 30, 2025 - 16:30
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Asian markets are generally lower as the Trump-Xi summit concludes with some interesting reactions across other risk markets as well to the possibility of a trade deal – but hold the cheese and get ready for another TACO trade! The BOJ held fire at today’s meeting sending the Yen lower while other undollars are trying The post Macro Afternoon appeared first on MacroBusiness. |
Renew Economy
Thursday, October 30, 2025 - 14:48
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Cheeseburger Gothic
Thursday, October 30, 2025 - 14:07
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It took a while, thanks to that perfidious leasing company we used a couple of years ago, but we finally traded in the Mini (genuinely sad trombone) and picked up the new car: a fully electric Volvo EX30. |
MacroBusiness
Thursday, October 30, 2025 - 14:00
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In the debate surrounding housing affordability, it is suggested that a politician pushing for lower home prices would be political Kryptonite: a death knell for whatever party they are attached to. This narrative has been repeated year after year, decade after decade, but is it really as politically damaging as the BBQ-side political commentary suggests? The post New Zealand and housing market Kryptonite appeared first on MacroBusiness. |
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Renew Economy
Thursday, October 30, 2025 - 13:52
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MacroBusiness
Thursday, October 30, 2025 - 13:30
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Australia’s housing market has been on a tear, with Cotality’s daily dwelling values index surging by 1% over the past 28 days across the five major capital city markets, the strongest growth rate in two years: The surge in home values follows the most bullish house price expectations in 15 years, according to Westpac’s monthly The post Is this the end of the house price boom? appeared first on MacroBusiness. |
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Renew Economy
Thursday, October 30, 2025 - 13:22
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MacroBusiness
Thursday, October 30, 2025 - 13:00
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Victoria disease finally has a cure. The state will assist you in shuffling off this mortal coil. Voluntary assisted dying reform has passed the lower house of the Victorian Parliament to applause and embrace. Labor and the Coalition both granted their members a conscience vote. It gave MPs the rare chance to offer – and The post Finally, a way out of Victoria appeared first on MacroBusiness. |
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Renew Economy
Thursday, October 30, 2025 - 12:37
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MacroBusiness
Thursday, October 30, 2025 - 12:30
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Japan and Korea know how to play the king. Anything Japan can do, South Korea can do better? A day after Japanese Prime Minister Sanae Takaichi laid on the flattery during US President Donald Trump’s visit to Tokyo, South Korean President Lee Jae Myung welcomed him by presenting him with a golden crown. The Korean The post Korea gives Trump crown, we give him Rudd appeared first on MacroBusiness. |










