The federal Coalition has left open the possibility it could leave the Paris climate accord, if it determines that meeting climate targets would do too much damage to the economy.
The Coalition has previously said it will dump Australia's current climate target to reduce emissions by 43 per cent on 2005 levels by 2030.
The Con Artist in Chief has dumped and pumped global stock markets with his near complete folding of the tariffs announced mere days (feels like months) ago, with huge rallies across Asian markets today as they play catchup to Wall Street. Even Chinese markets are floating higher despite the fact that this is but a
The post Macro Afternoon appeared first on MacroBusiness.
President Trump’s 10% tariff on Australia never made sense. Australia has historically had a gaping trade deficit with the United States. As illustrated in the table below from Australia’s Department of Foreign Affairs and Trade (DFAT), the United States exported (A$88.2b) more than double what it imported (A$37.5b) from Australia in 2023-24. The Trump administration’s
After the 2008 financial crisis, US money managers took control of big banks and industries across Europe. Former Russian ambassador to the UK and Rossiya Segodnya deputy chief Alexander Yakovenko reveals how.
What Are Mega-Funds?
US asset managers BlackRock, Vanguard, Fidelity, State Street, Morgan Stanley and JPMorgan Chase control a combined $36.4T+ in wealth.
Wow. You go, Nine. Publishing straight propaganda from the Chinese embassy now. China is offering to work with Australia to boost trade and defend growth in response to tariffs imposed by US President Donald Trump in a new bid to find common ground when the world is spiralling into a catastrophic trade war. The Chinese
Anything that doesn’t like the LNP, The Guardian loves. End of point of view. Bruce Mountain and his advisory board should know better. A leading energy expert has warned the Coalition’s plan to charge gas exporters a levy to force them to sell more to the domestic market could backfire and force local prices up
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The Australian National University (ANU) is one of the nation’s key purveyors of immigration propaganda. Propagandists like “Dr Demography” Liz Allen are regular mouthpieces on the pro-Big Australia migration circuit, as are the ANU Migration Hub’s Peter McDonald and Alan Gamlen. Now, a new immigration propagandist has emerged from ANU – Ben Phillips from ANU’s
Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen and Chief Strategist, David Llewellyn-Smith discuss how markets have settled after last week’s wipeout and who knows what the story of the day will be! Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief
Australia’s labour productivity performance has ranked among the lowest in the world. The following chart shows that the Reserve Bank of Australia’s (RBA) projections for productivity growth have been far too optimistic over the past decade. Last month, the RBA’s Head of Economic Analysis, Michael Plumb, tacitly admitted that Australia’s mass immigration policy has eroded
In the early last decade, the federal Labor government made the fateful decision to approve the export of liquified natural gas (LNG) out of Queensland without requiring gas companies to supply Australians first. Then Federal Resources Minister under the Gillard/Rudd Labor governments, Gary Gray, claimed that domestic gas reservation policies create uncertainty and deter investment,
They are pouring in now. We now see the RBA easing more quickly through mid-2025 taking the cash rate to 2.6% by February. We expect the RBA to cut by 50bps in May, followed by 25bps in July, August, November and February. Headwinds from the global environment have intensified, but error bounds around our forecast
The post NAB: RBA to launch emergency rate cuts appeared first on MacroBusiness.