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Oz Blog News Commentary
MacroBusiness Wednesday, July 16, 2025 - 10:00 Source

Last month, credit ratings firm S&P estimated that Australia’s state and federal governments’ combined budget deficits totalled $52 billion, with net debt exceeding 60% of GDP. This translates to a $1,897 per capita deficit and a net debt of $45,183 per person. Meanwhile, the aggregate net debt of the federal, state, and territorial governments is

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xkcd.com Wednesday, July 16, 2025 - 10:00 Source

This is almost as bad as the time I signed up for a purely partisan fishing expedition.

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The Tally Room Wednesday, July 16, 2025 - 09:30 Source

Hare-Clark is basically unique amongst Australian electoral systems because there is a realistic possibility that a member of parliament will lose their seat to a fellow member of the same party – indeed it happens fairly regularly. Another unusual feature is the use of countbacks. Members of parliament often choose to quit mid-term, and are replaced by a fellow member of their party without the need for a by-election. But those mid-term replacements often struggle to retain their seats against other candidates at the following election.

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MacroBusiness Wednesday, July 16, 2025 - 09:30 Source

DXY is back and EUR is trash. AUD has a nasty double top. Lead boots are OK. Gold and oil are in trouble. Ditto metals. Big mining rotation, my butt. EM pumped and dumped. Junk is warning. As yields spike. Nasdaq also pumped and dumped. US inflation was pretty good at 0.3% MoM and +2.7%

The post Australian dollar smashed by US tarifflation appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 16, 2025 - 09:00 Source

All eyes were on the release of the latest US CPI print which accelerated over the year showing that the Trump regime’s tariff crusade is beginning to have an effect on domestic inflation. This is just the start as the full effect has not been seen yet, with the core goods CPI print had its

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 16, 2025 - 08:00 Source

Roy Morgan has published its annual survey measuring the levels of trust and distrust that Australians have in the economy. Roy Morgan claims that Australia is becoming a “fragile nation”, with distrust in the entire economy rising, consumer confidence remaining in the doldrums for three years, and the nation’s social fabric under continuous stress. The

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Your Democracy Wednesday, July 16, 2025 - 07:19 Source

Donald Trump is on the brink of tearing up his 'no foreign wars, pro-peace' pre-election pledge on Ukraine, with plans to deliver more weapons, and threats against Russia edging him closer toward inheriting "Biden's war." Sputnik asked a renowned US geopolitics and military affairs expert to break it down.

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Your Democracy Wednesday, July 16, 2025 - 06:50 Source

France’s Strategic National Review predicts a large-scale military conflict with Russia in Europe by 2030, despite Russia repeatedly rubbishing the scenario.

 

Why It's a Non-Starter

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Your Democracy Wednesday, July 16, 2025 - 06:19 Source

The Gaza genocide is special. And not in one but two regards.

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Your Democracy Wednesday, July 16, 2025 - 05:55 Source

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MacroBusiness Wednesday, July 16, 2025 - 00:05 Source

A meeting of the national cabinet in August 2023 agreed on a target of 1.2 million new homes to be built between 1 July 2024 and 1 July 2029. This 1.2 million target requires 240,000 homes to be constructed every year, which is a level that is around 7% higher than the record single-year construction

The post Nobody believes the government on housing appeared first on MacroBusiness.

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