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xkcd.com Friday, July 18, 2025 - 10:00 Source

Maybe encouraging the publication of null results isn't enough--maybe we need a journal devoted to publishing results the study authors find personally annoying.

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Renew Economy Friday, July 18, 2025 - 09:50 Source

 Anna kucera/UNSW)

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MacroBusiness Friday, July 18, 2025 - 09:30 Source

DXY is up and away. AUD appears to have locked in its double top. There may be a pop on Chinese yawnulus, but I expect disappointment. Sacking Powell is the only hope now. Lead boots are plodding downhill. Metals meh. Same same. Big mining bear locked in. EM is running against DXY. Junk funk. Long

The post Australian dollar pounded by stalling economy appeared first on MacroBusiness.

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Renew Economy Friday, July 18, 2025 - 09:29 Source
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Your Democracy Friday, July 18, 2025 - 09:01 Source

AS EUROPE WAS HOT, DEBATE ABOUT GLOBAL WARMING WAS NOT ON FOR SOME... SURE, WHAT WE DO NOW, WON'T HAVE AN IMPACT IN THE NEAR FUTURE, BUT SCIENCE TELLS US THAT SHOULD WE DO NOTHING, THINGS COULD GET A LOT WORSE IN FIFTY TO ONE HUNDRED YEARS FROM NOW... AIR CONDITIONING IS A HOT TOPIC AS COOLING INSIDE HOUSES USES A LOT OF ENERGY...

 

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MacroBusiness Friday, July 18, 2025 - 09:00 Source

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

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Friday, July 18, 2025 - 08:00 Source

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

The post Chinese property stimulus fails Australia appeared first on MacroBusiness.

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Your Democracy Friday, July 18, 2025 - 07:43 Source

Germany and UK sign historic post-Brexit friendship treaty

The accord — dubbed the "Kensington Treaty" — includes plans for close security and defense cooperation, a mutual assistance clause in crises, and visa simplifications for school exchanges.

On defense, the two sides vowed to "pursue joint export campaigns" to secure international orders for equipment they co-produce, including the Typhoon Eurofighter jet and the Boxer armored vehicle.

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Your Democracy Friday, July 18, 2025 - 06:36 Source

Three people were killed and several others were injured in the strike on Gaza's only Catholic church, which was widely condemned. Follow DW for more.

Middle East: Israel 'deeply regrets' strike on Gaza churchLouis Oelofse | Timothy Jones dpa, AFP, Reuters, AP

Netanyahu's office says Israel 'deeply regrets' strike on church in Gaza 

Israel said it "deeply regrets" striking the only Catholic church in Gaza City.

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Your Democracy Friday, July 18, 2025 - 06:22 Source

VLADIMIR PUTIN RECENTLY EXPRESSED HIS VIEWS THAT FOR MANY YEARS HE THOUGHT THE CONFLICT BETWEEN RUSSIA AND THE WEST WAS IDEOLOGICAL, BUT HE HAS RECENTLY "DISCOVERED" THAT IT IS NOTHING ELSE BUT GEOPOLITICAL….

ON THIS SITE, WE HAVE EXPLORED THIS SINCE THE BEGINNING… THE IDEAL OF DEMOCRACY IS ONLY A TINY PART IN THE GAME OF MARKING AND EXTENDING ONE’S TERRITORY LIKE A MALE DOG COCKING UP A HIND LEG… SEE NETANYAHU...

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Your Democracy Friday, July 18, 2025 - 05:55 Source

US-made Patriot surface-to-air missile (SAM) systems will be delivered to Ukraine “as quickly as possible,” and Germany will pick up the tab, NATO’s top military commander in Europe, American General Alexus Grynkewich, has said. Washington and Berlin agreed on the scheme earlier this week.

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MacroBusiness Friday, July 18, 2025 - 00:05 Source

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

The post Aussies brace for new wage shock appeared first on MacroBusiness.

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Your Democracy Thursday, July 17, 2025 - 16:52 Source

The current genocide is the culmination of a spiral of violence that has been going on since 1948 and has been covered up by the powerful in the West for generations. The media portray the genocide as self-defense – but they are nothing less than partners in crime.

 

Genocide as “self-defense” – Western media as accomplices to the genocide in Gaza – We stand up!by Peter Haenseler

 

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MacroBusiness Thursday, July 17, 2025 - 16:00 Source

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

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Thursday, July 17, 2025 - 15:14 Source
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Renew Economy Thursday, July 17, 2025 - 14:14 Source
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MacroBusiness Thursday, July 17, 2025 - 14:00 Source

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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Renew Economy Thursday, July 17, 2025 - 13:45 Source
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Renew Economy Thursday, July 17, 2025 - 13:44 Source
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MacroBusiness Thursday, July 17, 2025 - 13:30 Source

Markets are always right. Always right. CISA data is falling away. But don’t forget, no private sources have fully captured the official downturn in steel output, though CISA is now trying. Steel output cuts are underway. Why steel prices are going down and iron ore prices are going up, you will have to ask the

The post Iron ore pulls a Costanza appeared first on MacroBusiness.

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MacroBusiness Thursday, July 17, 2025 - 13:00 Source

Albo’s great grovel of China has reached the level of nauseating. From The Australian: After his big day in the Great Hall with Xi Jinping, Anthony Albanese spent most of Wednesday leading a Gough Whitlam tribute mission. The Chinese government was delighted to assist. A huge section of the Badaling section of the Great Wall – about 80km northwest

The post Albo isn’t Whitlam, he’s Chamberlain appeared first on MacroBusiness.

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MacroBusiness Thursday, July 17, 2025 - 12:23 Source

This is what happens when you drive a car through the rear vision mirror. You overcook everything. In seasonally adjusted terms, in June 2025: unemployment rate increased to 4.3%. participation rate increased to 67.1%. employment increased to 14,619,300. employment to population ratio remained at 64.2%. underemployment rate increased to 6.0%. monthly hours worked decreased to

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Renew Economy Thursday, July 17, 2025 - 12:18 Source
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Your Democracy Thursday, July 17, 2025 - 12:08 Source

China has published the data for its BeiDou satellite navigation system — and hold on, because what seemed like a simple technological balance sheet is actually a reflection of the geopolitical power of a country that has managed to build a reliable alternative to GPS in just two decades!

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MacroBusiness Thursday, July 17, 2025 - 12:05 Source

China says its economy is growing at 5.2%, but falling prices and sluggish demand tell a very different story. Some are now calling it a “golden depression”—recession hidden by stimulus. Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, and Chief Strategist, David Llewellyn-Smith, unpack what’s really happening in China and what

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Renew Economy Thursday, July 17, 2025 - 12:02 Source
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Renew Economy Thursday, July 17, 2025 - 12:00 Source
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MacroBusiness Thursday, July 17, 2025 - 12:00 Source

For ye will lose. The Market Ear. NVDA monster While people are debating whether to be long the European bull story, GS points out: “NVDA is now closing in on 90% of the entire SX5E in terms of mkt cap (4.1tr vs 4.8tr)”. Bloomberg/GS Still far from real exuberance Net exposure is in the 68th

The post Never bet against America appeared first on MacroBusiness.

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MacroBusiness Thursday, July 17, 2025 - 11:30 Source

A recent report from CBA economist Harry Ottley illustrated the unprecedented rise in non-market sector jobs over the past decade. This sector includes the health care and social assistance, education and training, and public administration and safety industries. It includes both public and private service providers that rely on government funding. The non-market sector has

The post NDIS job boom delivers productivity bust appeared first on MacroBusiness.

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MacroBusiness Thursday, July 17, 2025 - 11:00 Source

Nobody wants to talk about how bad it is because, you know, it’s China. It’s a shame because the greatest crash in the history of property is underway and has another five years to run yet. Property keeps getting cheaper in real terms with mortgages included. Yet nobody wants to buy it. In fact, everybody

The post The unstoppable Chinese property trainwreck appeared first on MacroBusiness.

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