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Articles from MacroBusiness

Poll after poll shows Australians want lower immigration

October 14, 2025 - 12:00 -- Admin

It is critical to understand Australia’s immigration policy in a historical context. During the first 60 years following World War II, Australia’s net overseas migration (NOM) averaged 90,000 per year, with only two years exceeding 150,000. In the 15 years of ‘Big Australia’ immigration preceding the pandemic, NOM averaged 220,000 per year, a 145% increase

Iron ore turns Casino Royale

October 14, 2025 - 10:30 -- Admin

The ferrous complex is not making much sense these days, which is in line with the increasingly drunk casino engulfing everything. Iron ore took off on the prospect of Chinese economic catastrophe, then reversed the moment it was averted. Steel just keeps grinding lower. CISA data for late September was terrible, down 8%, with a

Private sector abandons broken Victoria

October 14, 2025 - 10:00 -- Admin

Bureaucracy and waste are drowning the state of Victoria. Victoria’s wage bill was $19.5 billion in 2014-15. The most recent state budget projects that wage costs will reach roughly $44 billion by 2028-29. The massive blowout in bureaucratic headcount is behind Victoria’s gargantuan wage bill. Labor costs are the state’s biggest expense and a key

Macro Morning

October 14, 2025 - 09:00 -- Admin

Wall Street was able to rebound from the Friday night slump with all markets expected another TACO trade setup in the latest bruhaha with the Chinese over rare earth exports. Meanwhile the USD was able to rebound against some of the majors with gold soaring another 2% to above the $4100USD per ounce level while

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