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Renew Economy Tuesday, July 1, 2025 - 12:43 Source

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Renew Economy Tuesday, July 1, 2025 - 11:53 Source
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Renew Economy Tuesday, July 1, 2025 - 10:50 Source
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MacroBusiness Tuesday, July 1, 2025 - 10:30 Source

DXY is falling, while Chinese PMIs are improving, but iron ore is moribund. Steel demand and production are both falling at the expected 2-3% rate. Canberra has finally discovered the Pilbara killer, via the Office of the Chief Economist: And downgraded prices accordingly. The outlook for world steel production has softened due to increased trade

The post Iron ore struggles to the cliff appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 1, 2025 - 10:00 Source

Spaztralia is not a country; it is a domain of stupidity. It is run by the Prime Spaz, a spaz so hollow, he can go full spaz. Spaztralia has no strategic plan to protect its freedom. On the contrary, the Prime Spaz is dedicated to a humiliating grovel to Beijing, the world’s most egregious autocracy,

The post All aboard the Spaztralia bus appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 1, 2025 - 09:30 Source

DXY is breaking down. The unusually subdued AUD rally continues. Lead boots plodding along. Gold shaky, signalling DXY last leg down? Metals flamed out. The big bear rolls on. EM yawn. Junk leading the rally is bullish. Yields still easing. Stocks only go up. In my view, this is the last leg down for DXY,

The post Australian dollar takes the long way to the moon appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 1, 2025 - 09:00 Source

Last night saw the end of the financial year and maybe the ending of the USD dominance in global finance as it had the worst yearly start since 1973, despite multiple undollar central banks cutting rates as safe havens like Swiss Franc, Yen and increasingly Euro and Yuan takeover from King Dollar. Speaking of made

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Tuesday, July 1, 2025 - 08:19 Source

Methinks that Allan Patience is naive and over-optimistic… He gives the game away when he writes:

He is an Australian version of America’s Pete Buttigieg”. Oh boy! Pete Buttigieg was as efficient a Transport Supremo as a dead toad can be used for a road-block. We had high hopes about Pete, but we soon discovered he could not run an outback dunny tipping plate, as customers went for the bushes.

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Your Democracy Tuesday, July 1, 2025 - 06:38 Source

From the outset, Moscow condemned Israel's aggression against Iran in sharp terms. The Russian Foreign Ministry’s first official statement left no ambiguity in assigning blame to Tel Aviv.

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The Tally Room Tuesday, July 1, 2025 - 06:30 Source

Ben was joined by Tasmanian political observer Mike Lester to look at the state of the campaign and the announcement of candidates for the Tasmanian state election. We particularly look into the Tasmanian Nationals and the shadow-boxing around who takes the blame for the calling of the election and who has the best prospect of forming a majority government.

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MacroBusiness Tuesday, July 1, 2025 - 00:05 Source

With the end of the month, so too comes the release of the latest housing price data from Cotality (the artist formerly known as Corelogic) and PropTrack. Amidst recent rate cuts in February and May, and the expectation of significantly more to follow, both data providers noted that conditions were increasingly favourable for housing sentiment.

The post The new house price boom begins appeared first on MacroBusiness.

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Renew Economy Monday, June 30, 2025 - 21:51 Source
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Renew Economy Monday, June 30, 2025 - 21:36 Source
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Your Democracy Monday, June 30, 2025 - 20:09 Source

Israel is doing a damn fine imitation of Lt. Frank Drebin, a character played by Leslie Nielsen in the 1988 comedy film The Naked Gun: From the Files of Police Squad! In an iconic scene, Lt. Drebin stands in front of a fireworks explosion and chaos while trying to calm the crowd by saying:

“Nothing to see here, please disperse! Nothing to see here!”

 

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MacroBusiness Monday, June 30, 2025 - 16:30 Source

The start of the new trading week is coinciding with the end of the month and for some, the financial year, which is leading to a lot of window dressing across risk markets in Asia. However Wall Street is riding the wave higher after the Canadians gave in to the public demands of the Trump

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Monday, June 30, 2025 - 15:00 Source
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Renew Economy Monday, June 30, 2025 - 14:52 Source
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Renew Economy Monday, June 30, 2025 - 14:42 Source
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Renew Economy Monday, June 30, 2025 - 14:34 Source
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Renew Economy Monday, June 30, 2025 - 14:29 Source
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MacroBusiness Monday, June 30, 2025 - 14:00 Source

Livewire with the note. CBA operates in a domestic banking market with limited credit growth in Australia, selling an identical product to that offered by four other competitors (now including Macquarie), all of which have the same cost of production (capital).  This current rally has seen CBA move into the world’s top ten most valuable

The post Pilbara killer also CBA bubble burster appeared first on MacroBusiness.

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MacroBusiness Monday, June 30, 2025 - 13:30 Source

Three weeks ago, the Chinese government and the Trump administration came to a very rough agreement on trade, tariffs, and the supply of vital materials each side respectively controlled. While the agreement was likely more of a temporary ceasefire in the trade rather than a more meaningful long-term armistice, it was meant to restore the

The post China throttles supplies of vital materials to U.S economy appeared first on MacroBusiness.

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MacroBusiness Monday, June 30, 2025 - 13:00 Source

This is ridiculous. The White House has again called on Australia to increase its defence spending, and Prime Minister Anthony Albanese has again refused to budge. Karoline Leavitt, Donald Trump’s press secretary, said the recent move by NATO member states to raise defence spending to 3.5 per cent of their GDP should be a model for

The post Slash NDIS, boost defence spending appeared first on MacroBusiness.

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Renew Economy Monday, June 30, 2025 - 12:52 Source
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MacroBusiness Monday, June 30, 2025 - 12:30 Source

The gas cartel’s corrupt mouthpiece, the Grattan Institute, is facing more backlash over its idiotic gas ban taken up by an even more stupid Allan government. Thousands of Victorian restaurants are threatening to close their doors for a day to protest the Allan government’s gas reforms, in strike action which would create chaos across the

The post Victoria cooks itself in Grattan Institute corruption appeared first on MacroBusiness.

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MacroBusiness Monday, June 30, 2025 - 12:00 Source

Treasurer Jim “chicken” Chalmers loves to pose as a reformer of great reknown but is just another cookie-cut Canberra immigration sodomite. Jim Chalmers has issued a plea for a new era of “collaboration and compromise” from politicians, unions and business ­leaders, ­declaring a generational ­approach from all parties is ­needed to secure economic ­reforms that

The post Aussie chickens gather to hatch productivity appeared first on MacroBusiness.

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Renew Economy Monday, June 30, 2025 - 11:53 Source

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MacroBusiness Monday, June 30, 2025 - 11:30 Source

As Australia’s mediocre media cheers another entirely predictable “shock” better than expected budget balance, a glance beyond our nose tells us that something much messier is squeezing down the pipe at speed. First, the good news. Westpac. While expenses are lower than profiled, higher than expected tax revenue drove much of the significant improvement in

The post Aussie bedpan economy about to make a big mess appeared first on MacroBusiness.

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Your Democracy Monday, June 30, 2025 - 11:08 Source

Australia needs to lift its defence spending so it can be a better ally while pushing back against military actions from China, former prime minister Tony Abbott has urged while expressing hope the economic giant may become the world’s most benign superpower.

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MacroBusiness Monday, June 30, 2025 - 11:00 Source

In recent weeks the issue of AI has been on the Albanese government’s agenda, as the run-up to the government’s “roundtable” on productivity continues. Treasurer Jim Chalmers has thrown his weight behind soft-touch regulation of AI, emphasising that the government’s priority is how it can be used to boost productivity rather than establishing guardrails for

The post AI to decimate Australian jobs by 2030? appeared first on MacroBusiness.

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