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Articles from MacroBusiness

Australia should withdraw from its FTA with the USA

July 18, 2025 - 11:30 -- Admin

The Australia-United States Free Trade Agreement (AUSFTA), which took effect in 2005, was a bad deal for Australia that favoured the United States at our expense. The Crawford School of Public Policy at the Australian National University (ANU) analysed AUSFTA and discovered that a decade later, the agreement had diverted more trade than it created.

Leave Albo in China, bring back Aussie gas

July 18, 2025 - 11:00 -- Admin

Honestly, if everybody is happy to take this, then they deserve it. AFR. Prime Minister Anthony Albanese has ruled out watering down foreign investment rules despite criticism from Beijing but reassured Chinese gas companies that supply contracts won’t be cancelled should the government establish an east coast gas reservation. Chinese fears over a potential threat

Iron ore melts up

July 18, 2025 - 10:30 -- Admin

This is fun. The rationales being proffered for this are silly. Steel production has rebounded in China, driven by accelerating accumulation of building materials, robust manufacturing demand and sustained strength in steel exports, broker Galaxy Futures said. Key steel producing regions Shanxi and Tangshan have started implementing output restrictions, Galaxy said. Although it is the

Victorians are suffering from acute Stockholm Syndrome

July 18, 2025 - 10:00 -- Admin

Victorians are suffering an acute case of Stockholm Syndrome regarding the state Labor government. Victoria’s nine-month lockdown during the Covid-19 pandemic was one of the longest and most severe in the world. It was also brought to us by the state government, whose incompetence with hotel quarantine and harsh enforcement should have scared voters away.

Macro Morning

July 18, 2025 - 09:00 -- Admin

Another data drive night with Wall Street pushed to record highs amid an expected initial jobless print and a slightly higher than expected retail sales print, which could have been affected by the inflationary push of tariffs.  The USD gained against all the majors except gold with Treasury yields remaining high especially on the long

Chinese property stimulus fails Australia

July 18, 2025 - 08:00 -- Admin

As China’s property sector continues to deteriorate with each passing day, reports of renewed stimulus for the sector emerge every few months from the Chinese press or policymakers. Each time it’s like watching an infomercial on daytime television: “It’s new. It’s improved. It’s better than ever.” Then, like many mail-order products that claim to achieve

Aussies brace for new wage shock

July 18, 2025 - 00:05 -- Admin

Australians have experienced a record 6.1% decline in their real wages. Worse, the Reserve Bank of Australia’s (RBA) own forecasts suggest that real wages will only recover to December 2011 levels by mid-2026, by which time they will still be tracking 5.7% below their mid-2020 peak. Thursday’s labour force data for June, released by the

Macro Afternoon

July 17, 2025 - 16:00 -- Admin

Currency markets pivoted to Asian releases today with the jump in local unemployment and a fall in Japanese exports hitting both the Australian dollar and Yen respectively. The Trump regime’s trade war is continues with “framework deals” for India and Europe the next hand-waving “framework” that is being floated while actual free trade deals outside

New Zealand’s ‘once in a generation’ house price crash

July 17, 2025 - 14:00 -- Admin

During the Covid-19 pandemic, New Zealand experienced one of the world’s largest house price booms, which pushed median home values to a record 11.2 times median household incomes, according to Demographia. Since then, New Zealand has experienced one of the world’s biggest housing crashes, which has significantly improved the nation’s housing affordability. On Tuesday, the

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