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Renew Economy Friday, October 3, 2025 - 12:50 Source
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MacroBusiness Friday, October 3, 2025 - 12:00 Source

In the years since China began its meteoric rise to become the world’s unrivalled manufacturing hyperpower, Beijing has increasingly used trade as a tool to exert pressure on companies or governments. By weaponising Chinese demand for everything from overseas holidays to agricultural produce, Beijing has been able to extract concessions from nations reliant on China

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MacroBusiness Friday, October 3, 2025 - 11:30 Source

With the release of the latest ABS Building Approvals data for August, it was revealed that dwelling approvals had fallen by 6.0% on a month-on-month basis but were still up 3.0% year-on-year. However, looking at a chart of trend approvals shows they had rolled over recently. This provides a concerning sign that there may not

The post A perfect storm for Aussie housing appeared first on MacroBusiness.

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MacroBusiness Friday, October 3, 2025 - 11:00 Source

Michael Read at The AFR posted the following chart showing that tax receipts as a share of GDP hit their highest level in 38 years at 25.9% of GDP. The rise in tax receipts have been driven by personal and corporate tax receipts, which has more than offset by declines in tobacco and fuel excise

The post Australians taxed punitively for ‘having a go’ appeared first on MacroBusiness.

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Renew Economy Friday, October 3, 2025 - 10:53 Source
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MacroBusiness Friday, October 3, 2025 - 10:30 Source

Upon the arrival of the pandemic in Australia in early 2020, the consumer confidence of the nation’s households experienced a sharp decline and has remained turbulent. By mid-2021, consumer confidence within ANZ-Roy Morgan index had returned to pre-Covid levels. Then, with the 2021 round of lockdowns and pandemic-driven restrictions, it began to tumble again. While

The post Optimism for Australia’s future collapses appeared first on MacroBusiness.

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MacroBusiness Friday, October 3, 2025 - 10:00 Source

I reported this week on Jobs & Skills Australia’s (JSA) latest study on the international education sector, which admitted that the primary motivation for international students to choose Australia is to obtain work rights and permanent residency. Nearly 70% of international higher education students reported migration as a key factor in their decision to study

The post International students refuse to return home appeared first on MacroBusiness.

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xkcd.com Friday, October 3, 2025 - 10:00 Source

Progress on getting shipwrecked sailors to adopt ICMPv6 has been slow.

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The Tally Room Friday, October 3, 2025 - 09:34 Source

New Zealand will go to the polls next year at their next general election, and the electoral map of New Zealand has been redrawn in advance of that election.

New Zealand’s parliament is elected via mixed member proportional, with a majority of MPs elected to represent single-member electorates using first-past-the-post, and the remainder elected from party lists as top-ups to ensure overall proportionality.

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MacroBusiness Friday, October 3, 2025 - 09:30 Source

The BHP dispute is capturing the headlines, but it’s the steel glut that is driving ferrous market pricing. Even after another accident at Simandou yesterday, costing three lives, the market could not find a bid. The problem is that there is far too much steel, so prices keep falling. This is the perverse fruit of

The post Steel piles up in China appeared first on MacroBusiness.

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MacroBusiness Friday, October 3, 2025 - 09:00 Source

The Market Ear on a bull gone mad. Most shorted mania Most shorted needs a bigger chart soon. Note that we are in overbought territory, but RSI is actually slightly lower than what we saw during the latter part of September. Source: LSEG Workspace MOVE chilling Bond volatility remains “depressed”. Noteworthy is that VIX has

The post Stock bull runs wild appeared first on MacroBusiness.

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Renew Economy Friday, October 3, 2025 - 08:22 Source
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MacroBusiness Friday, October 3, 2025 - 08:00 Source

This week, we received data on dwelling approvals from the Australian Bureau of Statistics (ABS), which showed that the Albanese government’s target of building 1.2 million homes over five years (i.e., 240,000 dwellings a year) is falling badly behind. In the first 14 months of the National Housing Accord, 218,306 dwellings were approved, 61,694 (22%)

The post Albanese defends worsening housing shortage appeared first on MacroBusiness.

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Renew Economy Friday, October 3, 2025 - 07:58 Source
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Renew Economy Friday, October 3, 2025 - 07:53 Source
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Renew Economy Friday, October 3, 2025 - 07:45 Source
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Your Democracy Friday, October 3, 2025 - 05:55 Source

Tesla and SpaceX CEO Elon Musk has become the world’s first person to reach a net worth of $500 billion, according to Forbes. Musk’s fortune has been boosted recently by a rally in Tesla shares and soaring valuations of his private firms.

Tesla stock jumped nearly 4% on Wednesday, adding $9.3 billion to Musk’s fortune and pushing it to $500.1 billion, according to the Forbes Billionaires List. Musk’s 12% stake in the carmaker is valued at $191 billion.

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Your Democracy Friday, October 3, 2025 - 05:05 Source

Federal subsidies for the fossil fuel industry have more than doubled since 2017 to an estimated $34.8 billion each year, a new analysis from Oil Change International has found. The report’s authors say that amount could soar to hundreds of billions of dollars in the years to come if lawmakers fail to rein in subsidies for controversial carbon capture and hydrogen technologies.

 

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Your Democracy Friday, October 3, 2025 - 04:24 Source

The pirates of Israeli supremacy: The West’s favorite rogue state has done it againThe assault on an aid flotilla headed for Gaza broke all kinds of laws, but then again, laws have never stopped Israel

The long-expected if perfectly criminal has happened again: Israel’s navy has intercepted the Gaza-bound Sumud Flotilla by force, stopping almost 50 boats and, in effect, kidnapping hundreds of their crews and passengers.

 

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MacroBusiness Friday, October 3, 2025 - 00:05 Source

Most of the media’s attention has been on Labor’s First Home Guarantee scheme, which came into effect on Wednesday. Under this scheme, almost all first home buyers can purchase a home with only a 5% deposit, without requiring lenders’ mortgage insurance, as taxpayers will guarantee 15% of the mortgage. Lateral Economics estimated that the 5%

The post Investors storm back into Aussie property appeared first on MacroBusiness.

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George Monbiot Thursday, October 2, 2025 - 23:47 Source

Alongside the genocide, the Israeli government is destroying the ecosystems of Gaza, perhaps permanently.

By George Monbiot, published in the Guardian 27th September 2025

A landless people and a peopleless land: these, it appears, are the aims of the Israeli government in Gaza. There are two means by which they are achieved. The first is the mass killing and expulsion of the Palestinians. The second is rendering the land uninhabitable. Alongside the crime of genocide, another great horror unfolds: ecocide.

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MacroBusiness Thursday, October 2, 2025 - 18:02 Source

Inside beach, Portsea Victoria   AUD/USD EUR/USD USD/JPY GBP/USD Gold   WTI     Brent     Australia 200     US S&P 500 UK 100     Japan 225     few problems getting charts again today, sorry. will keep trying

The post Macro Afternoon: 2 October 2025 appeared first on MacroBusiness.

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Cheeseburger Gothic Thursday, October 2, 2025 - 15:39 Source

I enjoy flicking through Substack Notes of a morning, looking for an essay I might enjoy. Occasionally I’ll find something like ‘Light Travels at the Highest Possible Velocity’, a Sherman Alexie story I read one Sunday morning in bed which delayed my getting up by an hour.

It’s one of the best things I’ve read this year, and I found it by accident and read it for free.

Thanks Sherm.

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Renew Economy Thursday, October 2, 2025 - 14:11 Source
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MacroBusiness Thursday, October 2, 2025 - 14:00 Source

Since the ABS started publicly releasing its monthly CPI in late October 2022, it has been a source of controversy and debate. It has been an indicator that has been paid significant heed one month and then absolutely ignored the next, as it no longer produced a result in the desired direction. It has been

The post The Reserve Bank, monthly CPI and rate cuts appeared first on MacroBusiness.

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Renew Economy Thursday, October 2, 2025 - 13:25 Source
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MacroBusiness Thursday, October 2, 2025 - 13:00 Source

The Albanese government’s fantastical target of building 1.2 million dwellings over five years is centred on delivering a boom in high-rise towers. I have repeatedly warned that state and federal government plans to blanket our cities with high-rise apartments are unrealistic, would not improve Australian housing affordability, and would degrade liveability. The August dwelling approvals

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THE BLOT REPORT Thursday, October 2, 2025 - 12:49 Source
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Your Democracy Thursday, October 2, 2025 - 12:47 Source

 

German Chancellor Friedrich Merz is seeking to claw back decision-making power from European Commission President Ursula von der Leyen, Bloomberg reported on Tuesday, citing diplomats familiar with the matter.

Merz, increasingly critical of Brussels, wants Berlin to have greater influence over issues directly affecting EU members, according to one of the sources.

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The Tally Room Thursday, October 2, 2025 - 12:37 Source

A state by-election will be held in the north Queensland seat of Hinchinbrook at some point near the end of this year or early in 2026, following local MP Nick Dametto’s announcement that he will contest the mayoralty of the City of Townsville at a by-election next month.

Hinchinbrook covers the northern outskirts of Townsville and stretches halfway up the coast towards Cairns. Dametto is a member of Katter’s Australian Party and has held the seat since 2017. His current margin is 13.2% against the LNP.

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