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Your Democracy Thursday, February 27, 2025 - 08:41 Source

How did we wind up with duds like Albanese and Dutton?The major parties are presenting an invidious choice at the coming election. How did we end up having to choose between such flops?

BY BERNARD KEANE  

https://www.crikey.com.au/2025/02/25/anthony-albanese-peter-dutton-duds-disillusionment/

GOOD QUESTION....

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Your Democracy Thursday, February 27, 2025 - 07:25 Source

Polish Prime Minister Donald Tusk said that a group of European leaders will head to London Sunday to discuss joint plans on defense and security.

Tusk said that the European Commission is preparing a defense package, details of which will be announced at the special summit of European Union leaders scheduled for March 6.

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Your Democracy Thursday, February 27, 2025 - 06:29 Source

Keir Starmer has announced that Britain will “fight for peace in Europe” with a generational increase in defence spending paid for by slashing the foreign aid budget.

The move, just two days before the prime minister is due to meet Donald Trump, raised immediate concerns that he was pandering to the US president, and fury from aid groups that say it could cost lives in countries that rely on UK support.

 

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MacroBusiness Thursday, February 27, 2025 - 00:10 Source

The most significant information in Wednesday’s monthly inflation indicator from the Australian Bureau of Statistics (ABS) was the sharp decline in housing inflation. As illustrated below by Justin Fabo from Antipodean Macro, the easing in CPI rent inflation continued in January, with rents rising by only 0.3% over the month to be 5.8% higher year-on-year.

The post Falling housing inflation means more rate cuts appeared first on MacroBusiness.

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Renew Economy Thursday, February 27, 2025 - 00:01 Source

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Renew Economy Wednesday, February 26, 2025 - 22:08 Source
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Your Democracy Wednesday, February 26, 2025 - 20:04 Source

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Renew Economy Wednesday, February 26, 2025 - 16:49 Source
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MacroBusiness Wednesday, February 26, 2025 - 16:30 Source

Asian share markets are very mixed with Chinese shares lifting while the rest of the region is playing along with the downtrend on Wall Street as the upcoming Canadian/Mexican tariffs look like starting soon, although that’s clear as mud due to the ongoing clownshow at the White House. Meanwhile locally the latest monthly CPI print

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Wednesday, February 26, 2025 - 15:27 Source
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Renew Economy Wednesday, February 26, 2025 - 15:25 Source
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Renew Economy Wednesday, February 26, 2025 - 14:06 Source
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MacroBusiness Wednesday, February 26, 2025 - 14:00 Source

Deutsche with the note. We wrote yesterday that our conviction level on the bearish EURUSD view had declined largely on consistent signalling of a more conservative fiscal policy from the US administration than what we had assumed since the start of the year. This is the primary reason behind the recent rally in US Treasuries,

The post Australian dollar pivot to Europe? appeared first on MacroBusiness.

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Renew Economy Wednesday, February 26, 2025 - 13:51 Source

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Renew Economy Wednesday, February 26, 2025 - 13:42 Source
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MacroBusiness Wednesday, February 26, 2025 - 13:30 Source

Domain is upset with Peter Dutton. Peter Dutton has made $30 million of property transactions across 26 pieces of real estate over 35 years, making him one of the country’s wealthiest-ever contenders for prime minister as the major parties battle to convince voters they can fix Australia’s housing affordability crisis. Since buying his first home

The post Domain upset by Dutton’s property portfolio appeared first on MacroBusiness.

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Renew Economy Wednesday, February 26, 2025 - 13:11 Source
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MacroBusiness Wednesday, February 26, 2025 - 13:00 Source

By Stephen Saunders In America, Kamala Harris = word-salad is a national meme. Australia’s Harris of Demography has been at it again, garbling at great length for The Conversation.  Americans exercise certain democratic rights to roast Harris. But Allen, along with Abul Rizvi and Laura Tingle, exists in rarefied space as an immigration whisperer to

The post Meet Liz Allen: Immigration wolf in sheep’s clothing appeared first on MacroBusiness.

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Your Democracy Wednesday, February 26, 2025 - 12:44 Source

Dan Bongino, a former US Secret Service agent and far-right podcaster has been chosen to serve as United States FBI deputy director.

US President Donald Trump announced the appointment on his Truth Social platform, praising Bongino as a "man of incredible law and passion for our country".

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MacroBusiness Wednesday, February 26, 2025 - 12:30 Source

The ferrous complex rolled over yesterday. Scuttlebutt is straightforward. A bipartisan group of U.S. lawmakers is introducing a legislation to address the impact of Chinese-supported companies moving portions of their production to other countries to circumvent American duties. The legislation would also toughen anti-dumping rules. This comes after the U.S. announced 25% tariffs on all

The post What’s not to hate about iron ore? appeared first on MacroBusiness.

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MacroBusiness Wednesday, February 26, 2025 - 12:03 Source

The Reserve Bank of Australia (RBA) would be happy with Wednesday’s monthly CPI indicator from the Australian Bureau of Statistics (ABS). The ABS reported an annual headline CPI of 2.5% in January (versus 2.6% expected) and the policy-relevant trimmed mean inflation of 2.8% (within the RBA’s target of 2% to 3%). The following chart from

The post RBA vindicated as inflation falls within target appeared first on MacroBusiness.

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MacroBusiness Wednesday, February 26, 2025 - 12:00 Source

The Albanese government’s target of building 1.2 million homes over five years remains hopelessly out of reach. On Tuesday, the Housing Industry Association (HIA) reported that new home sales increased by 4.1% in the month of January 2025, offsetting weaker sales in November and December 2024. While sales rebounded in January, the following chart from

The post Australian homebuilders remain trapped in recession appeared first on MacroBusiness.

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MacroBusiness Wednesday, February 26, 2025 - 11:30 Source

Something I have not much focused on is the implications of the Guinean Pilbara killer mine on QLD. Simandou produces such high-quality iron ore that it can and will be used as direct injection feedstock into electric-arc furnaces (EAF). These typically use gas, not coking coal, as the reducing agent. If all of Simandou output

The post The Pilbara killer is also a QLD killer appeared first on MacroBusiness.

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MacroBusiness Wednesday, February 26, 2025 - 11:00 Source

The Australian’s Judith Sloan argues that Labor’s $22.7 billion Future Made in Australia (FMIA) policy is badly planned and badly executed. Labor has promoted FMIA as a plan to create new jobs and opportunities by maximising the economic and industrial benefits of moving towards net zero emissions. Sloan argues that it is, in fact, a

The post Expensive energy guarantees no Future Made in Australia appeared first on MacroBusiness.

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RNA

xkcd.com Wednesday, February 26, 2025 - 11:00 Source

 RNA formed the basis for life each of the five known times it arose on the early Earth.

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MacroBusiness Wednesday, February 26, 2025 - 10:30 Source

The Market Ear with the latest on the puke. That was quick SPX has gone from the upper part of the range to closing in on the lower part of the range in a few sessions. Note we are below the 100 day as of writing and RSI is at the most oversold levels in

The post BTFD? appeared first on MacroBusiness.

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MacroBusiness Wednesday, February 26, 2025 - 10:00 Source

Former immigration department bureaucrat turned influencer, Abul Rizvi, was interviewed this month by Joseph Walker. In the interview, Rizvi said the quiet part out loud and explicitly admitted that slowing population ageing comprised about “80%” of the motivation for the 2001 changes, which massively increased Australia’s intake of migrants, especially international students. Until spending about

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Renew Economy Wednesday, February 26, 2025 - 09:33 Source
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MacroBusiness Wednesday, February 26, 2025 - 09:30 Source

My god, we are helpless. Australia was unaware Chinese warships were set to conduct live-fire exercises off its east coast until its security authorities were alerted via a Virgin Australia pilot who heard radio communications about the drills, according to a top air traffic official. In short, the Chinese cruiser could have fired off nuclear-armed HN missiles

The post My god, we are helpless appeared first on MacroBusiness.

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MacroBusiness Wednesday, February 26, 2025 - 09:00 Source

Wall Street continues to flail while European stocks try hard to push forward, buoyed by more defense spending promises while the cuts in US federal spending and employment loom large amid a the Canadian/Mexican tariffs that are still on the table. The USD was pushed back by Euro and Yen again overnight while the Australian

The post Macro Morning appeared first on MacroBusiness.

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