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Oz Blog News Commentary
Your Democracy Wednesday, December 3, 2025 - 16:28 Source

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.

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MacroBusiness Wednesday, December 3, 2025 - 14:00 Source

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

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MacroBusiness Wednesday, December 3, 2025 - 13:30 Source

In one of her first interviews as New South Wales Opposition Leader, Liberal MP Kellie Sloane was quizzed on the issue of migration on Sky News: Interviewer “Do you believe we need a cut to migration?” Sloane: “Well, I think we need to make sure that migration intake is balanced with our ability to provide

The post NSW Liberal leader opposes immigration cuts appeared first on MacroBusiness.

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MacroBusiness Wednesday, December 3, 2025 - 13:00 Source

Down she goes, and where she stops nobody knows. Sales drowning. Year to date sinking. Inventory bouyant. Completions taking on water. Some of this is the recently banned data. It is not clear if the data remains are available to subscribers. Meanwhile, the reason for the ban is going to the bottom like a holed

The post Chinese property sinks to the bottom appeared first on MacroBusiness.

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Cheeseburger Gothic Wednesday, December 3, 2025 - 12:44 Source

Right, okay, that’s it. I’m a pencil punk writer now. Woke up to discover the broadband was out this morning. Some big network kerfuffle at Optus. Big enough for them to have changed their recorded message…

“Yeah yeah we know we’re on it, sheesh!”

Decided that if was going to slow down, again, I’d slow all the way down. So I hauled out my e-ink tab and scratchy stylus and got to writing the next 3.3 chapter out long hand.

We’ll see what happens next I guess.

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MacroBusiness Wednesday, December 3, 2025 - 12:30 Source

The Market Ear. It doesn’t matter… …until it matters. Note the latest short term gap between the US 10 year (inverted) and SPX. We saw a similar early gap form between the two in late October, before SPX “joined” the move. Source: LSEG Workspace Once again? In late October we saw the 10-year pick up

The post Bulls and bears duke it out appeared first on MacroBusiness.

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MacroBusiness Wednesday, December 3, 2025 - 12:01 Source

The Australian Bureau of Statistics (ABS) has released the Q3 2025 national accounts, which reported a 0.4% rise in headline GDP over the quarter and a 2.1% rise through the year. The result disappointed analysts’ expectations, which had tipped a quarterly rise in GDP of 0.7% and an annual increase of 2.2%. The result was

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MacroBusiness Wednesday, December 3, 2025 - 11:30 Source

In mid-2023, just as Australia’s net overseas migration was ramping up toward record levels, the mouthpiece of big business, The AFR Chanticleer, proclaimed that Australian businesses were “licking their lips” at the prospect of higher migration, “with few doubting that a bigger Australia is better”. “It is boosting retailers’ sales, increasing landlords’ ability to collect

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MacroBusiness Wednesday, December 3, 2025 - 11:00 Source

The Australian Bureau of Statistics (ABS) released dwelling approvals statistics for October, reporting 15,844 trend approvals, down 0.6% from September. Approvals in October were 4,168 (21%) behind the National Housing Accord’s five-year target of 20,000 dwellings per month. In the year to October, 192,100 dwellings were approved for construction, which was 47,900 (20%) fewer than

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xkcd.com Wednesday, December 3, 2025 - 11:00 Source

Some tires are marketed as 'all-shape tires,' but if driven in a climate with both inverted catenary falls and triangle falls, they wear out really fast.

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MacroBusiness Wednesday, December 3, 2025 - 10:30 Source

ANZ-Indeed job ads have commenced a new adjustment. ANZ-Indeed Australian Job Ads fell 0.8% m/m in November following an upwardly revised 1.9% m/m decline in October.The trend series fell 1.3% m/m, after a 1.9%m/m fall in October ANZ-Roy Morgan consumer confidence is following suit. Consumer confidence declined 1.6pts last week to 85.5pts. The four-week moving

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