Renew Economy
Wednesday, July 2, 2025 - 13:22
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Renew Economy
Wednesday, July 2, 2025 - 13:14
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Renew Economy
Wednesday, July 2, 2025 - 13:07
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MacroBusiness
Wednesday, July 2, 2025 - 13:00
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When the word freedom comes to mind in our collective consciousness, it can be interpreted in a number of different ways. It can be an expression of one’s ability to share their ideas or views freely, or it can relate to one’s capability to go about one’s day unimpeded by a Draconian state. But there The post Australian freedom is under attack appeared first on MacroBusiness. |
MacroBusiness
Wednesday, July 2, 2025 - 12:43
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In the run up to the latest Australian retail sales data analysts were expecting a sizable +0.4% month on month bounce, after April saw nominal retail sales fall by 0.1% on a seasonally adjusted basis. In reality, retail sales rose by just 0.18% in May, marking yet another weak report for the nation’s retail economy. The post The per capita retail recession returns appeared first on MacroBusiness. |
MacroBusiness
Wednesday, July 2, 2025 - 12:30
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At the recent World Economic Forum’s (WEF) annual meeting at Tianjin, China, Chinese Premier Li Qiang pledged that China will become a “consumption powerhouse” capable of fuelling domestic and global growth. “This will make China a mega-sized consumption powerhouse, on top of being a manufacturing powerhouse,” Li said “We are on track to become a The post Chinese success will smash the Aussie economy appeared first on MacroBusiness. |
Renew Economy
Wednesday, July 2, 2025 - 11:46
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Renew Economy
Wednesday, July 2, 2025 - 11:43
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MacroBusiness
Wednesday, July 2, 2025 - 11:34
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Via the ABS today. Building approvals are still garbage. Total dwellings approved rose 3.2% to 15,212. Private sector houses rose 0.5% to 9,454 and private sector dwellings excluding houses rose 11.3%, to 5,571. The value of total residential building rose 3.6%, to $9.28b. The value of total non-residential building fell 22.4%, to $6.16b. At this The post Albo’s building approvals embarrassment intensifies appeared first on MacroBusiness. |
Your Democracy
Wednesday, July 2, 2025 - 11:06
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Medical sources told Al Jazeera on Monday that Israeli attacks killed at least 95 Palestinians in Gaza throughout the day as Israeli forces bombed a seaside cafe and gunned down more desperate people who were seeking aid. |
MacroBusiness
Wednesday, July 2, 2025 - 11:00
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The Market Ear on a down day. Violent moves Under the hood pain is huge today. DeepSeek déjà vu anyone? UBS writes: “There has been a big momentum unwind with the UBS basket (UBPTMOMO) -5.7%, which is the biggest move since January with the long leg selling off (-3.8%) and short leg squeezing (+1.9%). There is The post Stocks bear-up into EOFY appeared first on MacroBusiness. |
MacroBusiness
Wednesday, July 2, 2025 - 10:30
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As Australia continues to shed its industrial base, the US is rebuilding. Morgan Stanley with the note. US Reshoring Momentum Is Outpacing Early Expectations Our US Industrials analysts note that May US manufacturing construction starts sustained the strength seen in April, and activity is tracking at ~2x the pre-Covid run rate. The average project size The post Carrots work better than sticks for industry appeared first on MacroBusiness. |
MacroBusiness
Wednesday, July 2, 2025 - 10:00
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As the gas cartel unleashes another energy shock… There is nothing it will not destroy in due course. We can no longer make plastics, nor glass, nor many forms of steel. Soon it will be any and every metal processing as well. AFR. The chief executive of Nyrstar Australia says the metal processor urgently needs The post Gas cartel destroys metals processing, you appeared first on MacroBusiness. |
xkcd.com
Wednesday, July 2, 2025 - 10:00
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Renew Economy
Wednesday, July 2, 2025 - 09:41
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MacroBusiness
Wednesday, July 2, 2025 - 09:30
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DXY eased lower. AUD higher. Lead boots too. Will gold have another crack? Metals paused. EM meh. Junk rejection. Short end sold on the passage of Trump Big Beautifil Bill. Stocks sold in EOFY. Deutsche says the hiccup in US capital flows is very large indeed. The US trade numbers have been very volatile in The post Big Beautiful Australian Dollar appeared first on MacroBusiness. |
Your Democracy
Wednesday, July 2, 2025 - 09:03
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US President Donald Trump has said that he might entertain the idea of deporting Elon Musk and could consider getting the Department of Government Efficiency (DOGE) to look into the billionaire’s government contracts. |
MacroBusiness
Wednesday, July 2, 2025 - 09:00
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Wall Street took a step back after the US Senate passed the Billionaire Tax Bonus Bill while the Trump regime waved off concerns that not even a single nation has done a trade deal coming up to the July 9th deadline. Meanwhile Fed Chair Powell said they would have cut already if not for those The post Macro Morning appeared first on MacroBusiness. |
Renew Economy
Wednesday, July 2, 2025 - 08:39
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Your Democracy
Wednesday, July 2, 2025 - 04:07
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Russian President Vladimir Putin has spoken with his French counterpart Emmanuel Macron by telephone, the Kremlin press service said on Tuesday. It is the first phone contact between the leaders since September 2022. The conversation revolved around the situation in the Middle East, as well as the Ukraine conflict. |
Your Democracy
Wednesday, July 2, 2025 - 03:24
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Germany’s new chancellor Friedrich Merz has plunged the country into a deep political and geopolitical crisis, driven by aggressive pro-war rhetoric and a failing foreign policy agenda centered on Ukraine.
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Your Democracy
Wednesday, July 2, 2025 - 03:20
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One way to get a robust, comparative fix on how obscene American global preaching about human rights has become is (borrowing a vivid image from Caitlin Johnstone) to imagine what the world might think about a scorching lecture from a Taliban leader on the Western oppression of women and women’s rights.
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Your Democracy
Wednesday, July 2, 2025 - 03:13
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Lugansk People’s Republic liberated: How it happenedRussian troops have gained control over all areas of the region, ending Kiev’s occupation Russian forces have taken complete control of the Lugansk People’s Republic (LPR) after over a decade of hostilities in the contested region. The announcement was made Monday by the local governor, Leonid Pasechnik, who confirmed that all remaining settlements occupied by Ukrainian troops had been liberated. |
MacroBusiness
Wednesday, July 2, 2025 - 00:05
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Some charts from Westpac make the point. After increasing by 0.6% in May, the Cotality house value index increased by 0.6% in June. The current price increase is 2.3% since January, after a minor 0.8% drop at the beginning of the year. At 2.7% annually, growth was somewhat stable. Similar increases were seen in all The post Buy property now appeared first on MacroBusiness. |
Club Troppo
Tuesday, July 1, 2025 - 19:02
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I posted something similar on Facebook a few days back, and thought I might get some useful feedback here. |
Cheeseburger Gothic
Tuesday, July 1, 2025 - 16:07
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I’ve been spending some time in the 1950s. The other 1950s, of course, which I buggered up jamming a nuclear-powered aircraft carrier into a wormhole and back to the Battle of Midway. Would you like a peek? (That’s not really a question, I know). |
MacroBusiness
Tuesday, July 1, 2025 - 16:00
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The new financial year is seeing some calm return to Asian share markets with Japanese bourses pulling back amid tariff dramas with the Trump regime, while Yen is firming on solid manufacturing data from both China and Japan as we await the US ISM print later tonight. Oil markets continue to steady after their recent The post Macro Afternoon appeared first on MacroBusiness. |
Renew Economy
Tuesday, July 1, 2025 - 15:52
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Renew Economy
Tuesday, July 1, 2025 - 15:44
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Renew Economy
Tuesday, July 1, 2025 - 14:58
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