Blogotariat

The Australian Bureau of Statistics (ABS) has released its annual national accounts for the 2024-25 financial year, which includes extensive data on land values. Land values underpinning the Australian housing market increased by 7.0% during the 2024-25 financial year. In 2024-25, Australia’s land was valued at $9.8 trillion, with residential land accounting for 85% ($8.3

The post Australia’s residential land bubble swells appeared first on MacroBusiness.

French President Emmanuel Macron is preparing to intervene militarily in Ukraine, Russia’s Foreign Intelligence Service (SVR) has claimed. In a statement published on Monday, the agency’s press department suggested that he desperately wants to leave his mark on history.  

A few wobbles across Asian share markets with the catalyst of another potential rare earth trade deal between the Trump regime and Japan helped Yen strengthen against USD. The fallout from Friday’s not so firm US CPI print is keeping the USD down against most of the majors as expectation of a cut from the

The post Macro Afternoon appeared first on MacroBusiness.

Arena has fun

Tomago Aluminium flags possible 2028 closure, cites "significant uncertainty about when renewable projects will be available at the scale we need."

Data released in the U.S. prior to the government shutdown painted an optimistic picture of the economy. Second-quarter economic growth was revised up to 3.8% annualised, and consumer spending grew by 2.8% in the third quarter. Although comforting, these data raise a question: why is growth so resilient when other economic indicators, including employment and

The post USA: Land of the mega-wealthy and inequality appeared first on MacroBusiness.

Murdoch hating is Crikey’s core business model. Which, hilariously, makes it just as bad as Murdoch, across some imaginary divide that has little to do with any identifiable value system beyond monkeys throwing poop. Bernard Keane is so lost in Murdoch hate that he has embraced the most vicious autocracy on earth. You might find

The post Murdoch and anti-Murdoch are the same thing appeared first on MacroBusiness.

In its first term in office, the Albanese government signed two migration-related pacts with India, specifically designed to increase migration flows to Australia, namely: The Australia-India Migration and Mobility Partnership Agreement. The Mechanism for Mutual Recognition of Qualifications. The Albanese government’s federal election victory prompted celebrations from the Indian community and migration agents, reflecting the

God knows why. They can have my place. Machetes and all. Overseas buyers bought 2606 properties in Victoria last year compared with 1703 in 2021-22, a more than 50 per cent increase over two years, figures from the Australian Taxation Office’s inaugural Register of Foreign Ownership report show. I guess it’s still worse in the Third World.

The post Chinese raid Victorian property appeared first on MacroBusiness.

Last month, Prime Minister Anthony Albanese falsely asserted that Australia will experience a “era of growth and prosperity” through a renewables-based future, with the private sector at the forefront. “The global shift to clean energy is the biggest economic transformation since the industrial revolution and it is a profound economic opportunity for Australia”, Albanese said

RBA governor Michelle Bullock did a fireside chat last night, which was pretty dull but it did have a few moments of interest. Bullock made it pretty clear that the board is unlikely to cut rates next week, putting the recent unemployment surge down to one month of data. Of course, it is a clear

The post Defensive RBA hoses Melbourne cut rate appeared first on MacroBusiness.

Putin calm re oil sanctions and in reply to first question re EU ban on Russian toilet bowls: “This will cost them dearly. They will need them, if they maintain same policies toward Russia.” FSB’s Bortnikov briefs Nat’l Security Council on counterterrorism...

https://www.youtube.com/watch?v=ticym1Y0bMw