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MacroBusiness Thursday, April 17, 2025 - 09:30 Source

The Australian dollar has rallied strongly against the US dollar after hitting a two-year low following the announcement of President Trump’s “Liberation Day” tariffs. The Australian dollar has rebounded to 0.64 US cents, effectively returning to its pre-tariff announcement level. The rebound partly reflects weakness in the US dollar against all currencies as the Greenback

The post Australian dollar surges back to life appeared first on MacroBusiness.

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MacroBusiness Thursday, April 17, 2025 - 09:00 Source

Risk sentiment is now rolling over again as stock market volatility lifts higher mainly due to potential earning slumps on tech stocks aka NVIDIA due to the Trump regime’s tariff madness. The latest US retail sales figures (pre-tariff numbers) came in as expected and Fed Chair Powell tried to provide some hope through it all

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Thursday, April 17, 2025 - 08:44 Source
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Your Democracy Thursday, April 17, 2025 - 07:31 Source

French Prime Minister Francois Bayrou has accused the US of abandoning the democratic world, saying Washington’s sudden pivot toward closer ties with Russia has undermined the trust of its allies and shaken the global order.

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MacroBusiness Thursday, April 17, 2025 - 07:00 Source

The Australian Bureau of Statistics (ABS) released quarterly data on dwelling commencements and completions, which badly missed the Albanese government’s housing targets. Only 41,900 dwellings commenced construction in Q4 2024, 18,100 (30%) fewer than Labor’s target, which requires 60,000 homes to be built every quarter. Only 168,050 dwellings commenced construction during the year to Q4

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The Tally Room Thursday, April 17, 2025 - 07:00 Source

Ben is joined by Duncan McDonnell from Griffith University to discuss the close of rolls and nominations and the role of Gen Z voters in the election. The seat of the week is Lingiari in the Northern Territory, and we also talk about Indigenous enrolment and parliamentary representation.

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Your Democracy Thursday, April 17, 2025 - 06:04 Source

With 48% of voters paying little or no attention to the campaign, according to an Essential poll, Senator Kim Carr, a former Labor minister, takes a look at how the two major parties have performed in what he describes as an uninspiring campaign.

 

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Your Democracy Thursday, April 17, 2025 - 04:59 Source

Peter Dutton’s budget reply Speech is full of distortions and many of the key polices are flawed or we cannot be sure they will work as intended. The Labor Party might be criticised as too cautious, but the Coalition is clearly not ready for government.

 

Michael Keating

What could we expect from a Dutton Government?

March 29, 2025

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Your Democracy Thursday, April 17, 2025 - 04:52 Source

Hollywood star Mel Gibson, a vocal supporter of President Donald Trump, has urged the US government to reveal the “truth” about the 9/11 terrorist attacks.

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MacroBusiness Thursday, April 17, 2025 - 00:05 Source

Last week, the Queensland government announced that it would repeal the state’s legislated renewable energy targets. They were set at 50% by 2030, rising to 80% by 2035. Energy Minister David Janetzki stated that the renewable energy targets were “always unachievable”. He added that the government is also likely to amend the state’s existing 2035

The post Net zero hangs by a thread appeared first on MacroBusiness.

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Renew Economy Wednesday, April 16, 2025 - 21:29 Source
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Renew Economy Wednesday, April 16, 2025 - 21:28 Source
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Renew Economy Wednesday, April 16, 2025 - 21:25 Source
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Renew Economy Wednesday, April 16, 2025 - 21:21 Source
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Renew Economy Wednesday, April 16, 2025 - 21:14 Source
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MacroBusiness Wednesday, April 16, 2025 - 16:30 Source

Volatility in equity markets is ramping up after another round of Trump tariff nonsense against China while a miss or two amongst US tech stocks is not helping risk sentiment with S&P and Eurostoxx futures sharply down going into tonight’s session. The latest Chinese GDP figures helped stabilised mainland markets however moves are afoot in

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Wednesday, April 16, 2025 - 15:19 Source
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MacroBusiness Wednesday, April 16, 2025 - 14:00 Source

According to SQM Research, Sydney’s median asking price for houses crossed over $2 million for the first time last week, hitting $2,012,000 on 15 April. SQM Research managing director Louis Christopher confirmed on Twitter (X) that the median asking price incorporates Greater Sydney, including the Blue Mountains and Central Coast. SQM Research’s methodology paper notes

The post Sydney house prices pass $2 million appeared first on MacroBusiness.

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The Tally Room Wednesday, April 16, 2025 - 13:45 Source

Australia has used preferential voting for over one hundred years, and in that time the party system has changed quite a bit. Since the 1950s, there has been an increasing trend of minor parties picking up votes, but until recently these votes were not enough to actually win many seats. So their main contribution, in the House of Representatives at least, was in having their votes flow as preferences to one of the major parties.

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MacroBusiness Wednesday, April 16, 2025 - 13:30 Source

This report from Crikey, which has no idea about international relations, is so alarming that all Australians need to take pause. The story led in places such as The Australian Financial Review and the ABC overnight after Defence Minister Richard Marles came out and said he’d spoken to Indonesia’s defence minister, who rejected the reports. “I have spoken to my counterpart, Sjafrie

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MacroBusiness Wednesday, April 16, 2025 - 13:00 Source

At the end of 2024, Australians required a record share of household income to make mortgage repayments on a median-priced home. Based on the latest opinion polls, Labor looks certain to win the upcoming election. When Labor is reelected, it is committed to leveraging Australian taxpayers into the housing bubble. Consider the following policy announcements

The post Labor hurls taxpayers into housing bubble appeared first on MacroBusiness.

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Your Democracy Wednesday, April 16, 2025 - 12:57 Source

 

The Trump ascendancy has forced international economic issues and the future strategic outlook onto the Australian election agenda, even if they are at the margins.

This campaign — while dominated by domestic issues, notably the cost of living — is taking place against the background of an extraordinarily volatile external situation, with major implications for Australia’s future.

 

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MacroBusiness Wednesday, April 16, 2025 - 12:30 Source

Roy Morgan unemployment is a better measure than the doctored ABS version. “Despite the record employment growth over the last three years, there are still a significant number of people who have joined the workforce without finding employment – a total of 435,000 since the last Federal Election. This influx of people into the workforce

The post Roy Morgan unemployment tells the real story appeared first on MacroBusiness.

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Your Democracy Wednesday, April 16, 2025 - 12:29 Source

In December 2921, Russia demanded that the West respect the MINSK AGREEMENTS... These agreements, SIGNED BY RUSSIA, UKRAINE, FRANCE AND GERMANY, allowed the Breakaway provinces of Ukraine to stay as UKRAINIAN AUTONOMOUS REGIONS... THE WEST refused. AS WELL, the west refused to acknowledge security guarantees for RUSSIA TO EXIST — and the West pushed for NATO EXPANSION into Ukraine. These Agreements had been broken by the KIEV regime since the date they were signed....

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MacroBusiness Wednesday, April 16, 2025 - 12:00 Source

CoreLogic data showed that the median household spent a record share of their incomes on rent at the end of 2024. PropTrack’s rental report also showed that the share of rental homes that were affordable to tenants hit a record low at the end of 2024. CoreLogic has released its quarterly rental report, which noted

The post Rent surge drives tenants into group homes appeared first on MacroBusiness.

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Renew Economy Wednesday, April 16, 2025 - 11:47 Source
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MacroBusiness Wednesday, April 16, 2025 - 11:40 Source

So far as I can tell, Treasury Secretary Scott Bessent is the greatest thing going for the Trump administration by far. This guy is very impressive. We can only hope that he brings better implementation to the Trump tariff agenda than the crazy president, Lutnick, or Navarro does.

The post Can Scott Bessent save the world? appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 16, 2025 - 11:30 Source

The Market Ear on the bear. Shake out, or? A perfect storm may be brewing: the S&P’s death cross reappears just as investor confidence hits new lows and equity outflows surge. With tech allocations plunging and volatility well bid, the big question is — is this a shakeout or the start of a larger unwind?

The post The bear makes a death cross appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 16, 2025 - 11:20 Source

There is a global gas glut looming over the next five years as US and Qatari volumes surge into seaborne markets. However, those who propose importing this gas into Australia as the solution to our energy transition woes are barking up the wrong tree. Current future pricing for JKM gas in Asia for mid-winter 2028

The post The global gas glut won’t save Australia appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 16, 2025 - 10:30 Source

Former RBA man Peter Tulip does a good job of destroying the current array of house price appreciation policies offered in the election. He concludes at the AFR. Immigration policy is not usually considered as “housing policy”, but it actually has larger effects on affordability than most of the measures discussed above. The Coalition is

The post Immigration the largest “housing policy” appeared first on MacroBusiness.

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