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MacroBusiness Monday, August 18, 2025 - 13:00 Source

Amidst the ongoing debate over the right level of migration into Australia, there have been attempts to dismiss the impact of high migration on housing, with one notable example coming from SBS, which provided readers with a guide on how to counter arguments from Australians concerned about the issue. An absolutely defining part of the

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MacroBusiness Monday, August 18, 2025 - 12:30 Source

In the fast-evolving Communist self-censorship public forum of Australia, a man has broken ranks with the enforced media consensus. His name is Salvatore Babones, an American sociologist based at the University of Sydney. If being an American was not enough to invoke cancellation Article One, his arguments certainly are. Buried deep in an ashamed AFR is

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MacroBusiness Monday, August 18, 2025 - 12:00 Source

Deutsche with a wrap of Chinese data: China’s economy activity slowed in July. We estimate real GDP growth droppedby 0.8ppt, to 4.9% YoY in July from 5.7% in June. Leading the slowdown was a sharp drop in fixed asset investment which declined by est. -5.2% YoY across the board, including a notable drop in manufacturing

The post Chinese depression turns less golden appeared first on MacroBusiness.

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MacroBusiness Monday, August 18, 2025 - 11:30 Source

In the run-up to the 2022 federal election, Labor promised to implement a smaller immigration program if elected. However, as soon as they took office in mid-2022, they convened the Jobs & Skills Summit, which was packed with pro-Big Australia shills, and used it as a pretext to gain a phony consensus to increase immigration

The post Australian renters be damned! appeared first on MacroBusiness.

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MacroBusiness Monday, August 18, 2025 - 11:00 Source

Last week, we witnessed the seemingly extraordinary when the East Coast gas export cartel suddenly turned on itself, demanding the domestic reservation of Aussie gas. But was this really what it appeared to be? Or was it just more of the same corruption that has robbed Australians blind for over a decade? I will let

The post Santos needs to bribe the Grattan Institute appeared first on MacroBusiness.

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MacroBusiness Monday, August 18, 2025 - 10:30 Source

I have some good news and bad news for you, if you’re an Aussie. First, the good news. Your biggest export, iron ore, is managing to hold up despite a crash in Chinese property of cosmic proportions. The bad news? It is killing the planet at record speed. You’ve probably read lots of headlines about

The post Iron ore boom relies on death of the planet appeared first on MacroBusiness.

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MacroBusiness Monday, August 18, 2025 - 10:00 Source

The AFR is in full panic mode about AI. AI stocks are lifting Wall Street to record highs on what feels like a daily basis, and former Google executive turned author and entrepreneur Mo Gawdat is predicting we are just two years away from a dystopian period that could last about 15 years during which

The post AI is a bogan appeared first on MacroBusiness.

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xkcd.com Monday, August 18, 2025 - 10:00 Source

I dropped my phone while trying to search, and I tried to unlock it from up here, so can you also search for screen repair places?

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The Tally Room Monday, August 18, 2025 - 09:30 Source

We now have a quiet period following the federal election and the Tasmanian election, and I’m using it as an opportunity to complete my election guides for the elections next in the queue.

The South Australian election guide has already been published for some time, but today I’ve published my Victorian election guide.

The Victorian election will be held in November 2026, so that is 15 months from now.

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MacroBusiness Monday, August 18, 2025 - 09:30 Source

DXY is still trending up but it’s a struggle. AUD is chopping wood for now. CNY is stalled. Oil and gold meh. Metals meh. Miners bear. EM still OK. Junk too. Yields rose. Stocks eased. No news from the Alaska summit. Societe General has a snapshot of AUD technicals. AUD/USD: UP MOVE LIKELY TO EXTEND

The post Australian dollar falls into the Jackson Hole appeared first on MacroBusiness.

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MacroBusiness Monday, August 18, 2025 - 09:00 Source

Friday night saw the release of the latest US retail sales numbers with import prices spiking and consumer inflation expectations rising again, getting traders further worried on Wall Street. The USD was on the ropes against all the majors, with oil prices also pushed slightly lower after stalling all week while Treasuries where sold off

The post Macro Morning appeared first on MacroBusiness.

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