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Renew Economy Friday, July 4, 2025 - 12:49 Source
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MacroBusiness Friday, July 4, 2025 - 12:30 Source

Albo has no idea about productivity, and not much else. He’s a backroom bovver boy good at pretending he’s nice while lacking all brain cells. His latest brainfart is just another political boondoggle for phonies. The Australian. Mr Albanese will call for co-­operation across the spectrum to increase productivity and allow the private sector to

The post Albo’s fake productivity summit to make everything worse appeared first on MacroBusiness.

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MacroBusiness Friday, July 4, 2025 - 12:00 Source

In China’s meteoric rise as an industrial power, that would see it become “The World’s Factory”, it has increasingly relied on imports of raw materials, particularly from Australia. Over time, this has seen the level of Australian resources exports absolutely skyrocket. In inflation-adjusted 2024 dollars, they have risen from under $100 billion a year in

The post China is kicking its coal addiction appeared first on MacroBusiness.

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MacroBusiness Friday, July 4, 2025 - 11:30 Source

As the global economy continues to decelerate amidst a backdrop of escalating trade conflicts and war in the Middle East, interest rate futures markets are increasingly pricing in additional rate cuts from the RBA. As of the latest close of the futures market, roughly 3.9 rate cuts are priced in by the market over the

The post How many rate cuts will the RBA deliver? appeared first on MacroBusiness.

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MacroBusiness Friday, July 4, 2025 - 11:00 Source

One of the reasons China grovelers are so prevalent in Australia is the argument that China is one of the few substantial countries with which we have a trade surplus. This is true. But for how long? Albo’s three year Great Grovel of China has been so successful that Aussie exports are imploding while imports

The post Albo’s Great Grovel delivers trade domination to China appeared first on MacroBusiness.

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MacroBusiness Friday, July 4, 2025 - 10:30 Source

As I have noted for many years, managing money successfully in Australia is as stupid as the structure of the underlying economy. The only question before any fund manager that matters, given his/her reliance on relative returns, is whether to be overweight miners or banks. Equally, for a year or so I have been arguing

The post This is not the mining rotation you are looking for appeared first on MacroBusiness.

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Renew Economy Friday, July 4, 2025 - 10:22 Source
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Your Democracy Friday, July 4, 2025 - 10:19 Source

Mozambican writer Mia Couto once gave a remarkable speech about the political exploitation of fear, in which he denounced “those who fear that fear might end” (quem tenha medo que o medo acabe). In a nutshell: fearmongering — an extremely powerful and effective means of manipulation and control.

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Renew Economy Friday, July 4, 2025 - 10:18 Source
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MacroBusiness Friday, July 4, 2025 - 10:00 Source

The Market Ear on extreme greed! Say hello to extreme greed We are back in extreme greed land, trading at the most “greedy” levels since Feb 2024. Source: MacroMicro Finally Bulls getting excited and bears starting to give up. Not at extreme levels, but getting closer. Source: LSEG Workspace Nets catch up Net leverage for

The post Extreme greed arrives appeared first on MacroBusiness.

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xkcd.com Friday, July 4, 2025 - 10:00 Source

Low gravity can cause bone loss, so we're pleased to report that, since we initiated capsule motion, the number of bones in each crew member has been steadily increasing.

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MacroBusiness Friday, July 4, 2025 - 09:30 Source

DXY bounced with solid US jobs. AUD did not. Lead boots plod on. Gold gets more worrying by the day. Metals reversed. The big bear is not over. EM signs of life. But yields weighing. No bueno for BBB. Stocks only go up. US jobs were solid. Total nonfarm payroll employment increased by 147,000 in

The post Australian dollar squashed by US jobs anvil appeared first on MacroBusiness.

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MacroBusiness Friday, July 4, 2025 - 09:00 Source

Overnight saw the passage of the Trump regime’s Big Bloody Awful Bill for the middle/working class by the Republican controlled Congress, but this was overshadowed by a surprisingly upbeat NFP print that negated the negative ADP print the session before. While the BBB will lead to the near permanent destruction of low/middle America it is

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Friday, July 4, 2025 - 09:00 Source
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Renew Economy Friday, July 4, 2025 - 08:32 Source
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Renew Economy Friday, July 4, 2025 - 08:00 Source
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Your Democracy Friday, July 4, 2025 - 07:55 Source

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Your Democracy Friday, July 4, 2025 - 07:40 Source

The UK Secret Intelligence Service, commonly known as MI6, has played a central role in spreading false intelligence and engaging in provocative actions aimed at escalating global conflicts, British whistleblower and investigative journalist for The Grayzone, Kit Klarenberg, has told RT.

Speaking to host Rick Sanchez on Thursday, Klarenberg said MI6 was at the forefront of efforts to push the West deeper into the Ukraine conflict.

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Your Democracy Friday, July 4, 2025 - 06:18 Source

As yet another dangerous heatwave pushes temperatures well into the triple digits across much of Europe, climate defenders on Monday renewed calls for stronger action to combat the planetary emergency—including by ensuring that the impending European Climate Law ends fossil fuel use and eschews false solutions including international carbon offsetting. 

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New Politics Friday, July 4, 2025 - 03:42 Source

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MacroBusiness Thursday, July 3, 2025 - 16:00 Source

Stock markets were doing well in Asia until it seemed like a leak of tonight’s US unemployment print by Trump spitting his dummy calling for Fed Chair Powell’s resignation. This saw most equities pull back alongside S&P futures while the USD firmed against the undollars, with Yen easing off as speculation the BOJ may raise

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Thursday, July 3, 2025 - 15:47 Source

transmission towers

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Renew Economy Thursday, July 3, 2025 - 15:39 Source
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Renew Economy Thursday, July 3, 2025 - 15:35 Source
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Renew Economy Thursday, July 3, 2025 - 15:19 Source
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MacroBusiness Thursday, July 3, 2025 - 14:00 Source

The St Louis Fed recently did an interesting AI survey that suggested the benefits of AI are large in certain areas but far from uniform. For each generative AI user, we computed the percentage of working hours saved as the ratio of time saved in the previous week to hours worked in that same week.

The post Is AI a productivity disaster? appeared first on MacroBusiness.

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Renew Economy Thursday, July 3, 2025 - 13:46 Source
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MacroBusiness Thursday, July 3, 2025 - 13:30 Source

Wokey has been trying to turn Australia into a Chinese satrap for a few years now. It is little more than jingoistic and self-serving ignorance as it bristles about losing Big Tech revenues, but it’s currently in tune with local Trump Derangement Syndrome, so it is more dangerous than usual. Wokey can barely contain itself

The post Australia plans to be “defenseless spastic of Asia” appeared first on MacroBusiness.

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MacroBusiness Thursday, July 3, 2025 - 13:30 Source

Wokey has been trying to turn Australia into a Chinese satrap for a few years now. It is little more than jingoistic and self-serving ignorance as it bristles about losing Big Tech revenues, but it’s currently in tune with local Trump Derangement Syndrome, so it is more dangerous than usual. Wokey can barely contain itself

The post Australia plans to be “defenseless disabled of Asia” appeared first on MacroBusiness.

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The Tally Room Thursday, July 3, 2025 - 13:02 Source

The trend of a falling major party vote isn’t quite the same in Tasmania as it is on the mainland.

While the major parties maintained their dominance for longer in federal politics, and in most states, as far back as 1989 we saw the Greens poll 17% of the primary vote.

From 1989 until 2021, the total size of the major party vote didn’t shift by that much. While the Greens have occasionally polled higher than their 1989 result, it remains one of their higher results. And the votes for the two major parties have usually stayed within the same range.

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