Blogotariat

Overnight saw Wall Street react negatively to the Trump Tariff Tirade via letters to all the countries the regime has not yet done a trade deal (read: all but 3) with a surprisingly high number chosen for most and with threats of retaliation if any country decided to match or even attempt to put in

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Trump & Israel fired the first shot in a major war on BRICS as Iran's resilient defense shocks the world. Geopolitical analyst Pepe Escobar joined the program directly after Iran's attack on a US air base in Qatar to react to the significance of the 12-day war and what's to come as the Collective West panics over the power of the multipolar world led by the emerging BRICS countries.

If Australia is to meet its 2030 renewable target it may need at least twice as much battery storage to make up for the shortfall in wind developments, and to back up solar.

Its the Tariff Trading Week! You get a deal – you get a deal – we all get a deal! By deal, I mean a letter from the Bully-in-Chief stating what tariff you have to accept, since there’s been less than three US trade deals actually made in the last 90 days. Stock markets in

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“Never in our history,” declared a TV anchor, “has there been such an avalanche of information, so little believed or believable.”

This was no anguished lament over AI or social media. This was 1967, the era of the Vietnam War, racial tension, and urban blight, when a group of liberal satirists launched a prank so well-executed it would later be called “the hoax of the century.”

In the history of the U.S economy, every now and then there is a major shift in the balance of forces impacting the path of both growth and economic policy. While the coverage of this most recent shift has so far flown under the radar, it represents a major demographic alteration to the U.S. labour

The post America shows Australia has got immigration wrong appeared first on MacroBusiness.

As we know, Victoria disease is ripping through the Australian economy like COVID did before it. It is the plague of too many Labor governments importing too many people, creating a constantly rising demand for state-managed services, which do not have the revenue sources to pay for them. This is called horizontal fiscal mismatch. The

The post Victoria disease amputates political limb appeared first on MacroBusiness.

Investor group says Victoria

Over the weekend, OPEC+ production was raised of 548,000 barrels per day (bpd) for August, above the initial projection of 411,000 bpd. With the goal of regaining market share and stabilizing prices, this action quickens the rollback of the voluntary supply reduction in 2023. Even with this rise, OPEC+’s spare capacity is still projected to

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In the nation’s collective consciousness there are few issues that occupy as much mental headspace and backyard BBQ conversation as interest rates. For some, each rate cut is treated like nectar from the Greek Gods atop Mount Olympus. After all, over the last decade the pathway to greater levels of household disposable income for mortgage

The post Will rate cuts actually help the economy? appeared first on MacroBusiness.

Ferrous lifted again Friday. Some charts show significant churn in the underlying state of the market. The first chart is difficult one to swallow. Steel production is down 2-3%. Chinese iron ore production is flat. Some of this is the continued orientation towards BOF versus EAF, but not enough to explain the chart. Some MySteel

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On July 4, 1945, the great atomic scientist Leo Szilard finished a letter that would become the strongest (and one of the very few) real attempts at halting President Truman’s march to using the atomic bomb – which was two weeks from its first test at Trinity – against Japanese cities.