I finally stopped nitpicking the World War 3.2 manuscript long enough to send a proof copy to my rock-steady crew at Patreon. If that includes you, check your email for the freebie.
That took a lot longer than expected, mostly through my own choices. As soon as I decided to go wild and write as many fucking words/chapters/books/whatever as I needed to finally wrap this thing up, my outline for 3.2 became obsolete. I started asking myself, since space was no longer an issue, where could I go with this thing?
Asian share markets are in a mixed mood that is being reflected by Wall Street futures off slightly despite the better than expected NVIDIA results after the close with European shares also looking to open flat. The USD is losing ground against all the majors again as fears over the loss of independence at the
The post Macro Afternoon appeared first on MacroBusiness.
Paul Keating is ejaculating as Chinese propaganda runs riot. The Australian. “As the Pentagon is now reviewing the AUKUS security pact between the United States, the United Kingdom and Australia, Canberra needs to decide whether it is still ready to push ahead with this US-led project that goes against its own national interests in many aspects,” the
Deutsche this time. Nature of the USD move shifting to a more AUD-supportive one:As we’ve noted, a key reason for AUD’s lack of ‘high-beta’ status earlier in the year (when wer emained neutral), and our later shift to be being more bullish has been the changing volatility or risk context. For the most part, the
The post Another major bank piles into Australian dollar appeared first on MacroBusiness.
Australia’s economy has become overly reliant on public sector spending (not to mention high immigration) to grow the economy. Consider the following facts. Since the COVID-19 pandemic began, around 60% of Australia’s job growth has come from the non-market (effectively government-funded) sector of public administration and safety, education, healthcare, and social assistance. Over the past
Bloomberg has the scoop. The Trump administration is reviewing options for exerting more influence over the Federal Reserve’s 12 regional banks, potentially extending its reach beyond personnel appointments in Washington. The administration’s goal is to scrutinize how regional presidents are vetted and chosen, as they are not Senate-confirmed, and the Board of Governors is next
The Australian Bureau of Statistics (ABS) released private capital expenditure (capex) data for Q2 2025, which remained incredibly soft. The seasonally adjusted estimate for total new capital expenditure rose by 0.2% in Q2. after the previous quarter’s contraction. The trend estimate for total new capital expenditure fell by 0.1%. The following table from Alex Joiner
The National Housing Accord is an Australian government initiative aimed at addressing housing supply and affordability by committing to building 1.2 million new homes over five years, starting from 1 July 2024. This target requires the construction of 240,000 homes annually, a level of construction that has never been achieved before in Australia. The greatest