As we commemorate the 80th anniversary of the Hiroshima and Nagasaki atomic bombings, the world is drifting as close to another nuclear confrontation as it has been in decades.
US President Donald Trump’s tariffs are having two broad impacts on the global economy – they are eroding international confidence in US leadership and disrupting global supply chains, and causing rapid geographic restructuring of international trade.
An amazing thing has happened. Our taxpayer-funded think-tank Australian Strategic Policy Institute (ASPI) has commissioned analysis by Robert Macklin which shows that the public debate on Australia’s defence has been biased.
Exorbitant land costs are the primary driver of Australia’s high home prices. According to the Australian Bureau of Statistics (ABS), residential land values, which underpin the housing market, increased by 8.8% between 2023 and 2024, reaching $7.7 trillion. Residential land values increased from 1.1 to 2.9 times Australia’s GDP over 35 years, ending in 2023-24.
It was all about tariffs again today in the minds of risk markets but Asian shares have all broadly advanced except the ASX200 which put in a scratch session. More rate cut speculation builds as the US Federal Reserve has to weigh up increasing inflation against further jobs losses as the USD continues to
The post Macro Afternoon appeared first on MacroBusiness.
The latest data from the Real Estate Institute of New Zealand (REINZ) showed that house prices nationally have fallen by 16.4% over 44 months, with all major centres experiencing heavy declines. As illustrated below by Justin Fabo from Antipodean Macro, home prices in real terms have crashed back to 2019 levels. Cotality released its house
Victoria disease is the malady of a permanent Labor government leading to an ever-rising population, along with state dependency and falling living standards. It is a national pandemic, but patient zero is Victoria, and she is now dying from a combination of crush loading, energy failure, excess debt, and inflated expectations. One area where Victoria
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One of Australia’s most significant educational policy failures was the gradual closure of secondary technical schools between the 1970s and 1990s, driven by the mistaken belief that young people should attend university. The mistakes were then compounded when governments redirected funding for vocational education and training (VET) to universities, alongside redirecting what little VET funding
The ferrous complex is still easing after the recent ill-conceived push. The outlook remains weak. The big event refers to a September 3 Beijing ceremony, commemorating the 80th anniversary of the end of World War Two. Chinese steelmakers, especially those in the northern region, usually constrain production before big events to ensure air quality in
What happens when Jordan Peterson and Naftali Bennett get together to defend the indefensible? From distorted narratives to blatant hypocrisy in an effort to justify positions that so many see as morally bankrupt. Watch now and learn why their narrative must be challenged
https://www.youtube.com/watch?v=zGbn7cJ0L68