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George Monbiot Saturday, November 22, 2025 - 00:29 Source

What the governments of the Global North don’t care about, they don’t measure.

By George Monbiot, published in the Guardian 21st November 2025

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MacroBusiness Saturday, November 22, 2025 - 00:05 Source

International Reading: Top Economist Warns Trump Tariffs Effectively Impose Tax Rate On Low-Income Households That Is Triple Of High-Income Ones – Bezinga ‘China was playing chess while the rest of us were playing checkers’: Bombshell study finds $200 billion of secret loans to U.S. businesses over 25 years  – Fortune Low-income Americans being priced out

The post Weekend Reading and MB Media Appearances appeared first on MacroBusiness.

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Your Democracy Friday, November 21, 2025 - 17:17 Source

Ukrainian opposition MP Aleksey Goncharenko has published the text of a purported peace plan reportedly presented to Kiev by the US administration this week.

The lawmaker posted on social media what appeared to be screenshots of a Ukrainian-language electronic document detailing the 28-point peace plan to end the hostilities between Moscow and Kiev.

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MacroBusiness Friday, November 21, 2025 - 16:30 Source

Not quite a bath of blood on Asian equity markets today but it has been a pretty broad selloff in response to the volatility on Wall Street overnight. Currency land was more sanguine with even the Japanese Yen relatively stable amid a new big stimulus package announced by the Japanese government while local shares hit

The post Macro Afternoon appeared first on MacroBusiness.

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MacroBusiness Friday, November 21, 2025 - 14:00 Source

New Zealand provides a textbook example of why lowering immigration below the nation’s home building capacity lowers rents, benefiting tenant households. As illustrated in the following chart, New Zealand’s net overseas migration slowed to only 10,628 in the year ending August 2025, well below the decade average of 49,000 and around 120,000 fewer than the

The post New Zealand tenants rejoice as rents collapse appeared first on MacroBusiness.

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Renew Economy Friday, November 21, 2025 - 13:55 Source
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Renew Economy Friday, November 21, 2025 - 13:49 Source
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MacroBusiness Friday, November 21, 2025 - 13:30 Source

This is right, but for the wrong reason. Former Liberal treasurer Peter Costello has accused the Productivity Commission of failing to use its statutory independence to tell “inconvenient truths” to the Albanese government about the causes of the nation’s waning productivity, declaring the agency had become “politically correct”. Blaming the “arcane” award system for a raft of

The post Where did the PC’s “growth mindset” go? appeared first on MacroBusiness.

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MacroBusiness Friday, November 21, 2025 - 13:00 Source

A new report from The Australian Population Research Institute (TAPRI) contends that Australia may be on the brink of a political realignment, similar to movements in the UK, France, and the US, driven by populist challenges to mainstream policies on immigration, cultural diversity, net zero, and free trade. While commentators dismiss this possibility, the authors

The post Australia risks a populist uprising appeared first on MacroBusiness.

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MacroBusiness Friday, November 21, 2025 - 12:30 Source

Five young economists from Deloitte have rejected calls to lower immigration to alleviate housing pressures, instead arguing that migrants are part of the housing solution: The young economists argue migration is a solution to the housing supply gap rather than a problem because it will help fill skills shortages in the construction industry. They say

The post Young Deloitte economists fail basic economics appeared first on MacroBusiness.

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Renew Economy Friday, November 21, 2025 - 12:23 Source
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Renew Economy Friday, November 21, 2025 - 12:13 Source
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MacroBusiness Friday, November 21, 2025 - 12:00 Source

On Thursday, I lambasted Treasurer Jim Chalmers for boasting that Labor has delivered the “longest period of consecutive real wage growth in almost a decade” following eight consecutive quarters of annual real wage growth: Chalmers’ boast came despite real wages falling by 0.5% in Q3 2025, tracking at mid-2011 levels. Australian real wages have only recovered

The post The never-ending lies of Treasurer Jim Chalmers appeared first on MacroBusiness.

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Renew Economy Friday, November 21, 2025 - 11:42 Source
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MacroBusiness Friday, November 21, 2025 - 11:30 Source

The ferrous complex is still paralysed by the jaws. However, China is going to throw the kitchen sink at property. China is weighing a new round of measures to revive its ailing property market, a sector so central to the country’s economy that its continued slide threatens broader financial stability. Policymakers are discussing nationwide mortgage subsidies for

The post China throws kitchen sink at property appeared first on MacroBusiness.

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Renew Economy Friday, November 21, 2025 - 11:23 Source
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MacroBusiness Friday, November 21, 2025 - 11:00 Source

One year ago, Treasurer Jim Chalmers and Finance Minister Katy Gallagher declared that the Future Fund, which is one-third the size of the Australian economy, would be directed to invest in housing and the green energy transition “where possible, appropriate, and consistent with strong returns”. This was the first time the federal government imposed certain

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MacroBusiness Friday, November 21, 2025 - 10:30 Source

Gas Balkanisation is suddenly being debated. Townsville Enterprise has warned that surging gas prices are crippling Queensland industries and threatening the State’s manufacturing and mining competitiveness. The call follows mounting concern over the east coast gas crisis, with warnings of tightening supply and soaring costs for manufacturers and households. Representing North Queensland’s key industries, Townsville

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MacroBusiness Friday, November 21, 2025 - 10:00 Source

The Market Ear explores. Not your normal market SPX futures so far today: high 6791, low 6588. Extreme volatility continues to shake this market. SPX is well below the trend channel, as well as trading below the 50 day (starting to slope negatively). Must hold at 6600, resistance at 6800. Source: LSEG Workspace Fear running

The post Correction-a-go-go appeared first on MacroBusiness.

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MacroBusiness Friday, November 21, 2025 - 09:30 Source

When Australia closed out the 2017 calendar year, the total number of properties listed for sale reached a level considered, at the time, deeply depressed. With just a little over 200,000 homes listed for sale, it was dramatically below what had become normal in the early to mid-2010s, when the 220,000 to 240,000 homes for

The post Australia’s housing market depression appeared first on MacroBusiness.

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Renew Economy Friday, November 21, 2025 - 09:26 Source
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MacroBusiness Friday, November 21, 2025 - 09:00 Source

Oh what a night! Wall Street managed to a 4% plus volatile turnaround after embracing the uber good earnings from NVIDIA before realising the AI bubble might be a bubble with no upside potential, not helped by a massaged and very late September US jobs report and a lot of Fed hand wrangling over rate

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Friday, November 21, 2025 - 08:02 Source

  

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Renew Economy Friday, November 21, 2025 - 07:56 Source
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MacroBusiness Friday, November 21, 2025 - 07:22 Source

DXY is ready to pop but not yet. AUD is breaking down. CNY yawn. Gold and oil yawn. Metals say Chinese property rescue is no bueno. Miners too. EeeiiuuM Junk was OK, weirdly. Yields too. Stocks puke. US September payrolls didn’t cheer anybody. Total nonfarm payroll employment edged up by 119,000 in September but has shown

The post Australian dollar has a Japanese breakdown appeared first on MacroBusiness.

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Your Democracy Friday, November 21, 2025 - 06:55 Source

 

France’s top general, Fabien Mandon, is facing backlash after saying the country must be ready to “lose children” in a potential conflict with Russia. Moscow has dismissed Western speculation that it has any plans to attack the EU or NATO as “nonsense.”

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Your Democracy Friday, November 21, 2025 - 06:33 Source

Private capital will not build Australia a world-class science system. Only the public sector can do that. And it must do so at a scale that matches the challenges ahead.

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Your Democracy Friday, November 21, 2025 - 05:44 Source

 

Japan and China both have legitimate security concerns. But an informed debate needs major media outlets to stop systematically erasing the historical context that shapes how the region understands current events.

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MacroBusiness Friday, November 21, 2025 - 00:05 Source

A new proposal has been pitched in the United States to address the country’s housing crisis. The Trump administration is working to introduce 50-year mortgage terms for homebuyers. Instead of the standard 30-year fixed mortgage, payments would be spread across 50 years. President Trump has framed it as a continuation of the American Dream, likening

The post Lifetime mortgages won’t help housing affordability appeared first on MacroBusiness.

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Renew Economy Friday, November 21, 2025 - 00:01 Source
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