The Albanese government is not about to implement a national-interest East Coast gas reservation scheme. It is about to deliver what the LNG cartel itself campaigned for. Cabinet has not signed off on the final details of the reservation scheme, but several senior government sources unauthorised to speak publicly said the government was preparing to
A slowing or deep diving US labour market (not that we would know given the lack of NFP prints) saw a lot more weakness in USD overnight as markets anticipate a full rate cut by the Fed in next week’s meeting. Wall Street continued to edge out higher with European stocks dragged along while Treasuries
The post Macro Morning appeared first on MacroBusiness.
DXY is down, down. AUD is up and away. CNY tailwind. Gold tailwind. Metals tailwind. Miners tailwind. EM not so much. Junk looks worried. Yields fell. Stocks firmed. The ADP survey in the US was weak. “Hiring has been choppy of late as employers weather cautious consumers and an uncertain macroeconomic environment,” said Dr. Nela
On Tuesday, I reported on the following chart from Alex Joiner at IFM Investors showing how real non-mining sales of goods and services in Australia have grown by 51% since 2002. However, when adjusted for population growth, real sales have remained flat, growing by just 2% since 2002: The chart highlighted how the Australian economy has
US Secretary of War Pete Hegseth has sparked a backlash after posting an image showing a popular children’s cartoon character attacking what appear to be drug traffickers. This comes as the administration of US President Donald Trump faces renewed scrutiny over lethal strikes against alleged drug-smuggling vessels in the Caribbean Sea and Pacific Ocean.
Washington has decided to stop negotiating with the supporting cast and go straight to the main stage. For the first time since the US revived its push for a negotiated end to the Ukraine conflict, the center of gravity has shifted to Russia.
Australia has the highest concentration of international students among major advanced nations. Figures from the Department of Home Affairs show that the approval rate for international student visas fell below 75% in October, compared to 83.6% for the same month in 2024. The decline in approval rates came at the same time as the number
The first rant I ever posted on this blog all the way back in early 2017 was entitled Gun Nuts and it referred to data from 2013 on general gun deaths in the US. At that time 33,534 people were killed by guns, at a rate of 10.35 per 100,000 people. In Australia in the same year 225 people were killed by guns, at a rate of 0.94 per 100,000 people1.
AUD/USD EUR/USD USD/JPY GBP/USD Gold West Texas Intermediate Brent ASX200 US S&P 500 UK 100 Japan 225
The post Macro Afternoon: 3 December 2025 appeared first on MacroBusiness.
The conversation between Russian President Vladimir Putin and US President Donald Trump’s envoy Steve Witkoff was constructive, very useful, and substantive, according to Russian Presidential aide, Yuri Ushakov.
He made the comment after five hours of talks between the Russian president, his envoy Kirill Dmitriev, and US President Donald Trump’s special envoy Steve Wtikoff which fininshed after midnight local time.
Only in Australia would an iconic infrastructure company double as a corruption cesspit. Snowy Hydro is a kind of Canberra plaything; a dirty quango without values or direction. It pisses money away like rain on the mountainside, employs proven energy wreckers, and adds tens of billions of unnecessary costs to the energy transition. Let’s take
