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Cheeseburger Gothic Thursday, March 27, 2025 - 10:39 Source

I wrote to the US law firm running a class action against Meta for IP theft and got a good result:

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MacroBusiness Thursday, March 27, 2025 - 10:30 Source

Never say never with iron ore. especially with seasonals. Having been unusually weak, we’ve popped in line with seasonal strength. SMM has decent report on conditions. Today, the iron ore futures gradually strengthened after a weak start, fluctuating upward throughout the day. The most-traded contract I2505 finally closed at 780, with a daily increase of

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Your Democracy Thursday, March 27, 2025 - 10:02 Source

The phrase “changing world order” has become a familiar refrain in international affairs. But what’s often missed is how rapidly that change is now unfolding – and who is accelerating it.

 

Dmitry Trenin: Liberalism is dead, this is what comes afterIn Trump’s world, great powers don’t preach – they compete

BY Dmitry Trenin

 

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MacroBusiness Thursday, March 27, 2025 - 10:00 Source

The Market Ear is still looking short-term. SPX technicals SPX reversed right on the 21 day moving average. Not overly surprising given the recent squeeze. Support: 5600, resistance: 5850. Maybe we just need to range for a bit… Source: Refinitiv NASDAQ technicals Also reversing right on the 21 day. Support: 19600, resistance: 20800. Source: Refinitiv

The post AI capex bubble ready to pop? appeared first on MacroBusiness.

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MacroBusiness Thursday, March 27, 2025 - 09:30 Source

As a politician, you have got to know when to hold them and when to fold them. During a cost-of-living crisis, the last thing a politician seeking election should do is oppose tax cuts for three-quarters of the voting population. Yet, that is exactly what the Coalition did in response to Labor’s modest tax cuts

The post Coalition signs its own election death warrant appeared first on MacroBusiness.

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MacroBusiness Thursday, March 27, 2025 - 09:00 Source

As the April 2 deadline the ultimate round of US tariff’s beckons, the Fanta Fuhrer couldn’t help shoot early with a blanket 25% car tariff, thus dooming the domestic US car industry as the world will shift to boycott US made vehicles. Great work Donny! Trump’s Tariff Tirade beckons. European shares were able to rebound

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Thursday, March 27, 2025 - 07:00 Source

Earlier this month, Roy Morgan released its shadow labour market report, which reported a significant increase in unemployment to 11.5% in February, with underutilisation (i.e., unemployment plus underemployment) surging to 21.7%. Roy Morgan’s underutilisation rate is the highest on record outside of the pandemic. Roy Morgan CEO Michelle Levine addressed the Mumbrella Retail Marketing Summit

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Your Democracy Thursday, March 27, 2025 - 06:16 Source

There’s a scandal exciting American mainstream media and minds, and it has to do with bombing. Yet there is an important nuance: it is not the bombing itself that is so scandalizing.

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Your Democracy Thursday, March 27, 2025 - 05:59 Source

Labor’s pre-election budget provides well-targeted cost of living relief within the bounds of responsibility, but the restoration of living standards is some way off.

As widely anticipated Labor’s budget contained no surprises, except for the small income tax cuts. Apart from these, all the other major new policy proposals had been announced prior to the budget over the last couple of months.

 

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MacroBusiness Thursday, March 27, 2025 - 00:05 Source

Data released this month by the Australian Bureau of Statistics (ABS) showed that the total value of Australia’s dwelling stock hit a record high of $11,032.2 billion at the end of 2024, with the average dwelling valued at $976,800. The hyperinflation of home values helps to explain why Australian households are ranked among the wealthiest

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MacroBusiness Wednesday, March 26, 2025 - 16:30 Source

Asian stock markets are doing slightly better today given the mixed result overnight although S&P futures are looking more robust given more Trump talk about caving in on tariffs, although who knows what will actually happen as another distraction is likely soon given the recent intelligence foul up by half his Cabinet. The USD is

The post Macro Afternoon appeared first on MacroBusiness.

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