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Game on: Trump bombs Iran

June 22, 2025 - 13:50 -- Admin

US President Donald Trump has confirmed that the United States has bombed nuclear sites in Iran BBC Reuters Al Jazeera ABC Well, it is now on for young and old. We’ve been here before haven’t we…….. The world’s preeminent military power threatening a strike against a Middle Eastern nation known for fomenting trouble.  The message

The economic week ahead

June 22, 2025 - 09:37 -- Admin

By Harry Ottley, Economist at CBA TheAustralian unemployment rate remained steady at 4.1% in May. Population growth in Australia continues to ease, with the annual rate down to 1.7% in Q4 24. News offshore was dominated by geopolitical events as Israel and Iran continued hostilities following initial Israeli strikes a week ago. The FOMC left

Australian house prices soar into winter

June 22, 2025 - 09:27 -- Admin

Cotality’s preliminary auction report revealed that the national clearance rate was 73.9% this weekend, which is the highest preliminary result since July 2024. Melbourne recorded a preliminary clearance rate of 76.6%, which is the highest since May 2023. Sydney’s clearance rate of 73.5% was the city’s highest since the week ending 23 February 2025, following

MB Podcast: Australian economy: from hero to zero

June 21, 2025 - 09:00 -- Admin

In this MacroBusiness podcast, Gunnamatta, banking insider Deep T, and Leith van Onselen unpack the latest productivity summit, Australia’s broken economic model, Australia’s energy policy failures, and other issues. Highlights: 0:00 Introduction 1:26 Why Australia’s productivity stinks 10:27 The economic Ponzi scheme 21:29 The economy is designed to fail 26:13 Australia should be the richest nation

Weekend reading and MB media appearances

June 21, 2025 - 00:05 -- Admin

International Reading: The RAND Corporation estimates that rich parasites have stolen $79 Trillion from workers and the public since 1975 – Rand Trump Attacks ‘American Disgrace’ Jerome Powell: ‘One of the Dumbest, and Most Destructive, People in Government’ – Mediate Social Security is on track to deplete its trust funds by 2034, one year sooner

Want to meet Trump? Sack Rudd

June 20, 2025 - 13:30 -- Admin

Let’s do some more worrying, shall we. The Australian. The waning possibility of Anthony Albanese landing a face-to-face meeting with Donald Trump in coming weeks has sparked alarm from the Coalition and defence ­experts, who have raised concern about the two leaders not meeting before Washington’s controversial AUKUS review concludes and instead leaving the outcome

Revenge of the Magnificent 7

June 20, 2025 - 12:30 -- Admin

The Market Ear with the charts. AI or die Goldman’s AI winners basket hit a fresh all-time high, while AI-risk names dropped again. Source: GS/Bloomberg The pulse on tech Mag7 names now make up ~15% of US net exposure (up from ~11% in April), but still well below the ~21% peak in mid-2024. The L/S

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