It’s a cast-iron relationship: the more unequal a society becomes, the better the far right does. Here’s why.
By George Monbiot, published in the Guardian 13th April 2025
I have warned repeatedly that Australian housing affordability will not improve by blanketing our cities with high-rise apartments, as planned by state and federal governments. The reason is simple: it costs too much to build apartments. Therefore, they cannot be delivered at an affordable price to buyers. The exorbitant cost of apartment construction was highlighted
The American Empire is still fighting to be top dog — especially under Trump, who has inherited a declining empire from the Democrats… Some “democrat”-inclined people are still saying that the economy under Biden was solid, but in fact “Bidenomics” were on the skids, due to the increasingly unmanageable HUGE deficit being used to “finance the cushions”…
Joining too many dots, mainly Jewish….
Mark Rutte has expressed concern regarding Russia’s space capabilities and warned that Russia might be trying to send nuclear weapons in space. Also, Bundeswehr Inspector General Carsten Breuer has stated that Russia might be ready to attack NATO by 2029 and he urged the Bundeswehr to prepare.
Finally a relatively non-volatile trading session today although the newsflow remains weird with more Trumpian two-steps around tariffs on Chinese goods, while all eyes remain on the canary in the mine – the bond markets. The USD is still slowly weakening as it loses its reserve currency status with almost all the majors including gold
The post Macro Afternoon appeared first on MacroBusiness.
An oft-repeated mantra from the Trump regime is that tariffs in Trump’s first term barely affected inflation. Which is true. But the inflation environment was very different. The latest inflation data was out at the end of last week, and while it may have beaten expectations, it is not the type of inflation numbers that
MOSCOW (Sputnik) On April 2, Trump signed an executive order introducing "reciprocal" tariffs on imports from other countries. The baseline rate was set at 10%, while dozens of countries were hit with higher rates. The duties on most countries were reversed to 10% days later to allow for trade negotiations, while those on China were hiked to 145%.
The Trump administration’s “Liberation Day” tariffs have inflicted pain on the Australian dollar. At the close of business Friday, the Australian dollar was trading at just under 62 US cents, up from its multi-year low of 59.75 cents. The trade-weighted index (TWI), which measures the value of the Australian dollar relative to its most important
The post The great Aussie dollar crash appeared first on MacroBusiness.
My favourite strategist is back. Macquarie strategist Viktor Shvets sees the potential for what he calls a “Lehman Brothers moment”. …Volatility indices and credit spreads are not at crisis point yet, Shvets says, but “it seems that short of abandoning current policies, the self-reinforcing loop of deleveraging – and there is no healthy deleveraging in