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MacroBusiness Monday, June 16, 2025 - 10:30 Source

How long can steel fall and iron ore not? Coking coal is still sliding as well, which offers some explanation. Flat steel demand remains stagnant. Long steel is wrecked. Output is getting pulverised. One wonders if the mooted 50 mt in output cuts are taking effect. The steel market appears sick.

The post Iron ore market sickens appeared first on MacroBusiness.

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Your Democracy Monday, June 16, 2025 - 10:24 Source
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Renew Economy Monday, June 16, 2025 - 10:00 Source
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MacroBusiness Monday, June 16, 2025 - 10:00 Source

Markets are half-panicked by the latest Middle East war. Oil Israel’s attacks on Iranian air defense systems and nuclear capabilities re-opens awide range of possible avenues via which oil supply could be disrupted. Importantly, it may also derail the process of US-Iran nuclear deal talks which were scheduled to continue in Oman on Sunday, although

The post Israel and Iran same old, same old? appeared first on MacroBusiness.

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xkcd.com Monday, June 16, 2025 - 10:00 Source

Sure, this exoplanet we discovered may seem hostile to life, but our calculations suggest it's actually in the accretion disc's habitable zone.

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MacroBusiness Monday, June 16, 2025 - 09:30 Source

Ah, the gas cartel, that wondrous beast that knows no bounds of decency. Via Petroleum Australia: Australia Pacific LNG (APLNG), the country’s largest liquefied natural gas exporter on the east coast, has agreed to a substantial price reduction under its flagship 7.6 million tonne per annum contract with China’s Sinopec. The move, anticipated to cost

The post Aussies pay much more than China for own gas appeared first on MacroBusiness.

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MacroBusiness Monday, June 16, 2025 - 09:00 Source

Friday’s session was dominated by the Israeli-Iranian war with an initial flight to safety to USD that then faded, coupled with an actual rise in Treasury yields. This is not usual in times of high risk and is a symptom of the flailing global monetary order. The 30 year yield finished close to the 5%

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Monday, June 16, 2025 - 08:51 Source

 

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MacroBusiness Monday, June 16, 2025 - 08:00 Source

I am philosophically opposed to taxpayers providing subsidies for private car transportation. Most of these subsidies flow to higher-income earners. Therefore, these subsidies serve as a prime example of the reverse Robin Hood phenomenon, where the rich benefit at the expense of the poor. Electric vehicle (EV) subsidies are exceptionally costly and egregious. The Fringe

The post Abolish EV subsidies appeared first on MacroBusiness.

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Renew Economy Monday, June 16, 2025 - 07:59 Source
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Your Democracy Monday, June 16, 2025 - 07:51 Source

After more than four years, the Information Commissioner has compelled the Defence Dept. to hand over information sought about expert advice on Australia’s Naval shipbuilding program. Rex Patrick reports.

In the FOI review decision, the Information Commissioner issued a scathing rebuke of Defence secrecy, saying,

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Your Democracy Monday, June 16, 2025 - 06:52 Source

Later the ruling class became even more sophisticated at channelling, diverting and destroying social and political opposition. They played hard cop and soft cop repression and bullying where necessary, but cooption tactics could be cheaper and more effective.

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Your Democracy Monday, June 16, 2025 - 06:32 Source

US President Donald Trump has revealed that his Russian counterpart, Vladimir Putin, wished him a happy birthday during a phone conversation on Saturday.

Shortly after the phone call, the US president took to his Truth Social to provide details.

“President Putin called this morning to very nicely wish me a Happy Birthday, but to more importantly, talk about Iran, a country he knows very well. We talked at length,” Trump, who turned 79 on Saturday, wrote.

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Your Democracy Monday, June 16, 2025 - 06:09 Source

Israel has the right to defend itself, Foreign Minister Penny Wong says, but she has dodged questions over whether its surprise bombardment of Iran is a breach of international law.

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Renew Economy Monday, June 16, 2025 - 06:09 Source
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MacroBusiness Monday, June 16, 2025 - 00:05 Source

The Australian Bureau of Statistics (ABS) released data on permanent and long-term arrivals for the month of April. There were 1,119,910 permanent and long-term arrivals in the year to April, offset by 679,580 departures, with both tracking at close to a record high. As a result, there were 440,330 net permanent and long-term arrivals in

The post High migration pressures housing market appeared first on MacroBusiness.

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Your Democracy Sunday, June 15, 2025 - 17:17 Source

CNN — President Donald Trump praised the United States Army as the “greatest, fiercest and bravest fighting force” at the conclusion of a grand display of military might in the nation’s capital Saturday as the Army celebrated its 250th birthday with a parade.

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MacroBusiness Sunday, June 15, 2025 - 11:00 Source

By Belinda Allen, Senior Economist at CBA The CommBank Household Spending Insights index lifted by 0.5% in May after a flat outcome in April. The data shows some green shoots, but overall the pace of consumer spending is slower than expected in 2025 Business and consumer sentiment surveys were on the disappointing side. The May

The post The economic week ahead appeared first on MacroBusiness.

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MacroBusiness Sunday, June 15, 2025 - 10:51 Source

Last weekend, it appeared as if Sydney’s housing market may be faltering after the preliminary clearance rate fell to 55.9%, which was the lowest preliminary result this year. Sydney’s final auction clearance rate subsequently fell to 58.1%, the lowest result this year. The big caveat was that last weekend’s result was impacted by the King’s

The post Buyers dive back into Sydney property appeared first on MacroBusiness.

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Your Democracy Sunday, June 15, 2025 - 10:22 Source

Éric Denécé was found dead on June 12, 2025. The official version claims suicide, a theory that the family of this troubled geopolitical analyst does not believe.

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Your Democracy Sunday, June 15, 2025 - 07:40 Source

Real, vibrant, resilient health—begins not in the pharmacy, but in the soil beneath our feet. Central to our health is a diet derived from a diverse range of life forms, whether these are plants, animals, fungi, algae or other microorganisms, that have been nurtured by sunlight and rich, organic soils or natural, uncontaminated waters.

 

The Sixth Mass Extinction: Can You Survive It?

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Your Democracy Sunday, June 15, 2025 - 06:41 Source

Joe Rogan likes to hunt and cook his own food. He shoots with a crossbow – Elk, with their wild screams, are his favourite prey – then barbecues the meat and serves it thinly cut, with cheese and jalapenos. He uses weed and psychedelics, reads Hunter S. Thompson, and dabbles in stand-up comedy. He’s a mixed martial arts expert, and nurtures his hard, nuggety physique with gruelling workouts and experimental supplements.

 

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Your Democracy Sunday, June 15, 2025 - 05:35 Source

The US gave Iran “chance after chance to make a deal” over its nuclear program, US President Donald Trump has stated, suggesting that the Israeli airstrikes against the Islamic Republic are the result of its own recalcitrance. He called on Tehran to agree to Washington’s terms “before it is too late.”

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THE BLOT REPORT Saturday, June 14, 2025 - 22:41 Source

As most people will have seen, in various places around the US, people in neighbourhoods have turned out to harass the Immigration Customs Enforcement (ICE) as they attempted to pick up assorted people for detention or deportation1.

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New Politics Saturday, June 14, 2025 - 17:44 Source

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Your Democracy Saturday, June 14, 2025 - 16:54 Source

As US President Donald Trump gears up for the first major military parade in the US in decades, protesters are planning "No Kings" events all over the country on Saturday.

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Your Democracy Saturday, June 14, 2025 - 11:19 Source

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Your Democracy Saturday, June 14, 2025 - 10:11 Source

Netflix will air a new series called "Our Universe", a six-part documentary produced by BBC studios. Modern cameras and technology incorporating CGI have been used to take viewers on an exploration of our universe, including some close-up shots of some fantastic animals. Morgan Freeman, the academy award winner, is the narrator of this iconic show which according to him*, has taken 13.8 billion years to reach this moment in the story of our Universe. 

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MacroBusiness Saturday, June 14, 2025 - 08:32 Source

DXY breaking down during Middle East war is about as clear a signal as any that something big has changed. It still couldn’t save AUD. Lead boots march on. The new safe haven. Metals no bueno. Miners suck the big one. EM meh. Junk loves WWIII. Yields up with oil, instead down with safe haven.

The post Australian dollar shot down by Middle East missiles appeared first on MacroBusiness.

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Your Democracy Saturday, June 14, 2025 - 06:51 Source

 

Israel has risked a potentially devastating conflict with Iran that could engulf the region and undermine the world economy with an unprovoked attack on nuclear facilities and Iranian leaders on Thursday, reports Joe Lauria.

Israel has opened the gates of hell in the Middle East.

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