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MacroBusiness Wednesday, November 12, 2025 - 08:00 Source

The Reserve Bank of Australia’s (RBA) latest Statement of Monetary Policy (SoMP) revised its medium-term unemployment rate forecast to 4.4%, up from 4.3%. As illustrated below by Alex Joiner from IFM Investors, the RBA’s unemployment rate forecast to the end of 2027 is slightly lower than the current unemployment rate of 4.5%: Therefore, the RBA

The post RBA’s unemployment forecast already shot to pieces appeared first on MacroBusiness.

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Your Democracy Wednesday, November 12, 2025 - 06:55 Source

President Donald Trump has claimed that the US faces a “national security catastrophe” if the tariffs he introduced against most trading partners this year are ruled illegal.

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Renew Economy Wednesday, November 12, 2025 - 06:48 Source
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Renew Economy Wednesday, November 12, 2025 - 06:48 Source
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Your Democracy Wednesday, November 12, 2025 - 05:44 Source

‘Hermann Göring loved his kids. That’s what’s terrifying’: James Vanderbilt, Rami Malek and Michael Shannon on Nuremberg....

Russell Crowe has a malevolent charm as the Nazi on trial in a compelling new film. His co-stars and director explain how they understood this monster – and the persistence of evil today

 

Ryan Gilbey writes about film and theatre for the Guardian

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MacroBusiness Wednesday, November 12, 2025 - 00:05 Source

The Great Australian Housing Bubble hit a new milestone in October, reaching an all-time high valuation of $12.0 trillion, according to Cotality. “This unprecedented value is more than double the market’s size a decade ago, with the majority of the growth occurring over the past five years”, Cotality Economist Kaytlin Ezzy said. “Interestingly, the composition

The post The great housing bubble hits new milestone appeared first on MacroBusiness.

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George Monbiot Tuesday, November 11, 2025 - 22:50 Source

To Bill Gates, overthrowing the power of the ultra-wealthy seems to be – literally – unthinkable.

By George Monbiot, published in the Guardian 8th November 2025

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Renew Economy Tuesday, November 11, 2025 - 17:23 Source
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Prosper Australia Tuesday, November 11, 2025 - 16:51 Source

Prosper Australia today welcomed the inclusion of a stamp duty to land tax transition in Infrastructure Victoria’s new strategy but criticised the absence of value capture as a sustainable and equitable funding mechanism. “We applaud Infrastructure Victoria’s endorsement of a broad-based annual land tax. This reform recognises that shifting the tax base from transactions to […]

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Renew Economy Tuesday, November 11, 2025 - 16:47 Source
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MacroBusiness Tuesday, November 11, 2025 - 16:00 Source

Not quite a green a day as expected here in Asia with only some markets moving higher in the wake of the news that the Republican shutdown of the US government may finally be coming to an end. While gold continued to push higher, other undollars like the Kiwi and Australian dollar have steadied with

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, November 11, 2025 - 15:01 Source
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Your Democracy Tuesday, November 11, 2025 - 14:59 Source

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Renew Economy Tuesday, November 11, 2025 - 14:58 Source
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Renew Economy Tuesday, November 11, 2025 - 14:53 Source
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Renew Economy Tuesday, November 11, 2025 - 14:51 Source

transmission towers

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Renew Economy Tuesday, November 11, 2025 - 14:26 Source
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Renew Economy Tuesday, November 11, 2025 - 14:23 Source
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Renew Economy Tuesday, November 11, 2025 - 14:19 Source

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MacroBusiness Tuesday, November 11, 2025 - 14:00 Source

Westpac says boom.. Westpac-Melbourne Institute Consumer Sentiment Index surges 12.8% to 103.8. First positive read since early 2022 and a seven-year high (excl. COVID period). Expectations improve as domestic recovery firms, trade risks subside. Strong gain is despite a less confident outlook for interest rates and jobs. ‘Mortgage belt’ is a notable exception, sentiment dipping

The post Consumer confidence goes boom and bust appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 11, 2025 - 13:30 Source

Stats New Zealand’s most recent migration figures revealed that only 10,628 net migrants arrived in the country in the year ending August 2025, substantially below the decade average of 49,000 and around 120,000 fewer than the late 2023 peak. Part of the decline in New Zealand’s net migration is attributable to large numbers of Kiwis

The post New Zealand renters’ gain are Aussies’ pain appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 11, 2025 - 13:00 Source

The Market Ear on improving gold technicals.  Gold moving again Gold found support on the big $3900 level, and was close to the 50 day. The shiny metal is putting in the biggest up candle (as of writing) since the sell off began. We are well above the $4000 area. Next bigger resistance at $4200

The post Orange man, gold rocket appeared first on MacroBusiness.

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Renew Economy Tuesday, November 11, 2025 - 12:41 Source
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MacroBusiness Tuesday, November 11, 2025 - 12:30 Source

The fake left meltdown continues today. The fake left Guardian is busy defending fake left media coverage. “Anyone who thinks this is about a 12-second clip on a Panorama more than a year ago that not a single viewer complained about is not reading the proper story,” said one. “What’s going on here is much

The post Neither the ABC nor BBC are “left” appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 11, 2025 - 12:00 Source

In January 2003, the day before the Canberra bushfires struck, I left Melbourne with my now-wife to commence working as a graduate economist at the Australian Treasury. I was inducted by then-Secretary Ken Henry and his deputies, who taught us about the Treasury’s long tradition of providing “frank and fearless” advice to the federal government

The post The Australian Treasury is now a propaganda department appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 11, 2025 - 11:30 Source

Goldman has an amusing take on the Shenzhen property market, once the hottest in China. Policy environment:The expert was relatively cautious regarding policy environment in Shenzhen. The expert highlighted that easing measures that have been introduced so far, such as HPR relaxation and mortgage rate cuts, have had limited effects and failed to effectively boost

The post China’s 16 years of property inventory appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 11, 2025 - 11:00 Source

The Market Ear with more. Perfection prevails NASDAQ continues to trade perfectly within the trend channel that’s held since May. Buying dips near the channel lows and the 50-day has remained a simple and profitable strategy. The hammer candle we flagged over the weekend (here) looks powerful and confirms the setup. Source: LSEG Workspace More

The post Boom back appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 11, 2025 - 10:30 Source

The ferrous complex is weakening fast, as it should. Streel production has been slashed, but prices keep falling. The steel export pressure release valve has closed. Mills are shuttering. “We are hearing more stories about steel mills facing mounting losses, prompting several to announce maintenance plans in November,” said Westpac’s head of commodity strategy, Robert

The post Iron ore jaws must shut appeared first on MacroBusiness.

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Renew Economy Tuesday, November 11, 2025 - 10:23 Source
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MacroBusiness Tuesday, November 11, 2025 - 10:00 Source

The Climate Change Authority recently warned that electric vehicles (EV) will need to account for 50% of Australia’s new car sales over 10 years if the federal government’s emissions reduction targets are to be met. Federal and state governments already provide substantial subsidies and incentives for EVs, which cost their budgets billions of dollars. Many

The post If EVs are better, why ban combustion engines? appeared first on MacroBusiness.

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