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Your Democracy
Friday, June 20, 2025 - 21:19
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The US would be making a serious mistake by attacking Iran, Kremlin spokesman Dmitry Peskov has told RT. Direct involvement in the conflict between the Islamic Republic and Israel would only worsen the situation in the region, he warned.
Kremlin comments on possible US strike on IranWashington’s military involvement would be the “wrong move,” Dmitry Peskov has told RT
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MacroBusiness
Friday, June 20, 2025 - 17:58
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AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 …..and furthermore….. East listening The post Macro Afternoon: 20 June 2025 appeared first on MacroBusiness. |
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Renew Economy
Friday, June 20, 2025 - 14:24
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MacroBusiness
Friday, June 20, 2025 - 14:00
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Cotality’s latest dwelling value results for New Zealand revealed that home values fell by 1.6% in the year to May to be 16.3% lower than their peak. As illustrated in the following chart from Cotality, home values have fallen heavily across all major markets. Separate data from the Real Estate Institute of New Zealand (REINZ), The post New Zealand’s ‘big and beautiful’ property crash appeared first on MacroBusiness. |
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Renew Economy
Friday, June 20, 2025 - 13:31
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MacroBusiness
Friday, June 20, 2025 - 13:30
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Let’s do some more worrying, shall we. The Australian. The waning possibility of Anthony Albanese landing a face-to-face meeting with Donald Trump in coming weeks has sparked alarm from the Coalition and defence experts, who have raised concern about the two leaders not meeting before Washington’s controversial AUKUS review concludes and instead leaving the outcome The post Want to meet Trump? Sack Rudd appeared first on MacroBusiness. |
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Renew Economy
Friday, June 20, 2025 - 13:08
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MacroBusiness
Friday, June 20, 2025 - 13:00
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The Association of Superannuation Funds of Australia’s (ASFA) latest modelling suggests that a couple who own their home now requires annual income of $73,875 to live comfortably in retirement. The figure for a single person who owns their home is $52,383. The analysis also shows that the cost of a comfortable retirement increased by 1.6% in The post Why do retirees need more comfort than workers? appeared first on MacroBusiness. |
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MacroBusiness
Friday, June 20, 2025 - 12:30
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The Market Ear with the charts. AI or die Goldman’s AI winners basket hit a fresh all-time high, while AI-risk names dropped again. Source: GS/Bloomberg The pulse on tech Mag7 names now make up ~15% of US net exposure (up from ~11% in April), but still well below the ~21% peak in mid-2024. The L/S The post Revenge of the Magnificent 7 appeared first on MacroBusiness. |
MacroBusiness
Friday, June 20, 2025 - 12:00
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Thursday’s Q4 2024 population data from the Australian Bureau of Statistics (ABS) revealed that “natural increase” (i.e., the number of births minus deaths) fell to only 105,200 in 2024, close to the lowest level on record. There were 292,500 births in 2024, offset by 187,300 deaths, the latter of which have risen following the Covid-19 The post Having children is becoming a luxury appeared first on MacroBusiness. |
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MacroBusiness
Friday, June 20, 2025 - 11:30
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Even the cartel-loving AFR can’t come to grips with selling Santos to the UAE. The strategic rationale for the bid probably revolves around LNG and the bidder’s eagerness to capitalise on the expansive portfolio of projects Santos is developing not only in Australia but also South-East Asia and Alaska. ADNOC has a minimal track record The post Use UAE to crush gas cartel appeared first on MacroBusiness. |
Renew Economy
Friday, June 20, 2025 - 11:06
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MacroBusiness
Friday, June 20, 2025 - 11:00
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Over the past week, we have seen multiple articles like the following from The West Australian complaining about the decline in housing affordability, which has left residents struggling to pay mortgages or rent. These articles are based on the latest Housing Affordability Report from the Bankwest Curtin Economics Centre, which blames a ‘lack of supply’ The post The root cause of the housing crisis appeared first on MacroBusiness. |
Renew Economy
Friday, June 20, 2025 - 10:53
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Renew Economy
Friday, June 20, 2025 - 10:51
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MacroBusiness
Friday, June 20, 2025 - 10:30
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Westpac with the note. The Westpac-DataX Card Tracker Index* has firmed over the last two weeks after a very volatile period through Mar, Apr and May. The latest weekly read of 140 is up 2.3pts from the end of May, the last two weeks recording the strongest average read outside of the post-holiday rebound in The post EOFY lifts consumer pall appeared first on MacroBusiness. |
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Your Democracy
Friday, June 20, 2025 - 10:01
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The eruption of war between Israel and Iran is no longer a hypothetical flashpoint—it is a live, unfolding campaign whose implications could shake the foundations of the international order and move the world closer to World War III.
US applause for Israel’s Iran strikes courts wider disasterIran’s ability to absorb attacks underestimated while risks to maritime trade, oil infrastructure and regional stability are immediate |
MacroBusiness
Friday, June 20, 2025 - 10:00
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The monthly growth in Seek advertised salaries has shown hints of stabilisation but is still trending lower. I expect the fade to continue as the immigration-led labour market expansion economic model does its thing. I do not expect we’ll get back to last cycle’s lows because the Labor government is forcing more wage rises via The post The boom in Adelaide bureaucrats appeared first on MacroBusiness. |
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xkcd.com
Friday, June 20, 2025 - 10:00
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Renew Economy
Friday, June 20, 2025 - 09:55
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MacroBusiness
Friday, June 20, 2025 - 09:30
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DXY is holding on. AUD is breaking down somewhat. Lead boots are getting heavier. The Trump fool has unleashed oil. Metals no bueno. Miners far to fall yet. EM meh. Junk still OK. US markets were closed but the European tell is heading south fast. War is not complex. Credit Agricole. Investors remain on tenterhooks The post Australian dollar bombed into submission appeared first on MacroBusiness. |
The Tally Room
Friday, June 20, 2025 - 09:30
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Now that we have a complete two-party-preferred vote for all of Australia, we can look at the distribution of seat margins and swings across the country. For this post, I have produced a number of charts which show the distribution of seats by two-party-preferred result, and also by two-party-preferred swing. I also attempt to chart out the two-candidate-preferred swings in non-classic seats, or at least those which have a valid swing compared to 2022. |
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MacroBusiness
Friday, June 20, 2025 - 09:00
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Another night dominated by central bank decisions contrasted with indecisions around the Israeli war on Iran with the Swiss bank cutting rates to zero while the BOE held fire, just after the Fed a few days ago, while the Trump regime again goes to the TACO truck when talking about non-existent negotiations with the Iranian The post Macro Morning appeared first on MacroBusiness. |
Your Democracy
Friday, June 20, 2025 - 08:38
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MacroBusiness
Friday, June 20, 2025 - 08:00
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In September 2024, the Housing Industry Association (HIA) labelling the federal government’s failure to control immigration a “systemic policy failure” that “compounds the challenge of delivering sufficient housing”. “The underestimation of population growth is a systemic policy failure that compounds the challenge of delivering sufficient housing”, HIA chief economist Tim Reardon said. On Thursday, the |
Renew Economy
Friday, June 20, 2025 - 06:35
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Your Democracy
Friday, June 20, 2025 - 05:35
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Israel’s strikes against Iran amount to US military action despite official denials from Washington, US Senator Ted Cruz has suggested. Tehran has accused America of complicity in Israel’s attacks on its nuclear infrastructure. |
Renew Economy
Friday, June 20, 2025 - 05:11
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Your Democracy
Friday, June 20, 2025 - 04:57
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Turkish President Recep Tayyip Erdogan has condemned Israel’s aggression in Gaza and ongoing attacks on Iran, comparing Prime Minister Benjamin Netanyahu to Adolf Hitler. |
THE BLOT REPORT
Friday, June 20, 2025 - 00:40
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I know that not a huge proportion of Americans know what is going on beyond the borders of the US, and this was brought home to me recently, when I was reading something about the massive No Kings protests in myriad cities and town across the US. One source I read estimated that about 13 million people demonstrated. All this happened while Trump held his military parade in honour of his own birthday, at which something like a few thousand people showed up to watch, some of whom were even there to protest against Trump, or at least to separate the 250th anniversary of the army’s creation from Trump’s 79th birthday. |
