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MacroBusiness Monday, November 10, 2025 - 12:30 Source

It is time to shutter the ABC. Flag burning should be criminalised, immigration should be capped based on housing supply, and the ABC and SBS should be sold and replaced by a taxpayer-funded broadcaster only for regional and outback Australia, according to resolutions to be debated at the Liberal National Party’s state council this weekend.

The post Time to cancel the ABC appeared first on MacroBusiness.

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Renew Economy Monday, November 10, 2025 - 12:18 Source
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MacroBusiness Monday, November 10, 2025 - 12:00 Source

Last week, I reported an AFR analysis of 16 financial reports from federal agencies, which revealed that 14 had unbudgeted increases in staff expenses totaling $841 million. Budget watcher Chris Richardson warned that the wage blowout could threaten the federal budget’s March forecast of a $42 billion deficit for this financial year, as could the billions

The post Australia’s bloated bureaucrat economy appeared first on MacroBusiness.

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Renew Economy Monday, November 10, 2025 - 11:50 Source
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Renew Economy Monday, November 10, 2025 - 11:36 Source
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MacroBusiness Monday, November 10, 2025 - 11:30 Source

With the election of Zohran Mamdani to the office of Mayor of New York, an event thought practically impossible just a few decades ago has come to pass: the most populous city in the United States and the centre of the financial world has an avowed socialist as its mayor. His victory speech possessed themes

The post New York turns hard left, the driving numbers appeared first on MacroBusiness.

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Renew Economy Monday, November 10, 2025 - 11:21 Source
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Renew Economy Monday, November 10, 2025 - 11:07 Source
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MacroBusiness Monday, November 10, 2025 - 11:00 Source

OMG. The economists are panicking. “Interest rate cuts are off the table,” Mr Bloxham said. “The problem is that productivity is so weak that supply is constrained. So as input costs such as labour and energy rise there is no equal increase in output.” UBS economist George Tharenou said the underlying inflation rate would overshoot

The post Panicked Chalmers to restore energy rebates appeared first on MacroBusiness.

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xkcd.com Monday, November 10, 2025 - 11:00 Source

Are you the annoying spoon or the sleepy spoon?

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Renew Economy Monday, November 10, 2025 - 10:41 Source
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The Tally Room Monday, November 10, 2025 - 10:30 Source

The first expansion of parliament was passed in 1948, and came into force at the 1949 election. It was also the largest increase we’ve seen, either proportionally or in raw numbers. The House and Senate were each expanded by two thirds – the House grew from 74 to 121, while the Senate grew from 36 to 60.

This blog post follows the model of my previous analysis of the 1984 parliamentary expansion, and will likewise be the first of two parts.

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MacroBusiness Monday, November 10, 2025 - 10:30 Source

The Market Ear kicks us off. The charts you need to know Here are a collection of the latest charts on sentiment and positioning from Morgan Stanley, Goldman, Deutsche, BofA, ISI, JP Morgan and more. NVDA’s GPT 3-year anniversary celebration NVDA celebrates upcoming 3 year anniversary of ChatGPT with a close to 1000% return… “….as

The post What next for the bubble? appeared first on MacroBusiness.

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MacroBusiness Monday, November 10, 2025 - 10:00 Source

Like other advanced nations, Australia is facing pressures from an ageing population. The federal government has tried to mitigate these ageing pressures by running a high immigration policy to mitigate labour shortages and increase the number of taxpayers. Former senior immigration department bureaucrat Abul Rizvi believes that Australia’s annual net overseas migration will average 300,000

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MacroBusiness Monday, November 10, 2025 - 09:30 Source

DXY faded Friday night. AUD bounced. CNY too. Oil and gold sideways. AI metals stalled. Big miners trying. EM ouch. Junk OK. Yield eased.   Stocks dump and pump. It’s all about the government shutdown now. Scott Bessent, US Treasury Secretary, is on the hustings saying growth might halve in Q4 and prices fall away.

The post Australian dollar lifts as tariff gifts rain appeared first on MacroBusiness.

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John Quiggin Monday, November 10, 2025 - 09:22 Source

And will they stay loyal?

When I first started following politics, in the dying days of the McMahon LNP government, most people voted consistently for one or other of the two major parties, Labor and Liberal/Country. The only important exception, the DLP, was just about to disappear. At that time, the common view was that consistent party voters were acting out of habit or class/cultural identity, while “swinging” voters made a considered choice, based on policies, candidates and so on. Since both major parties got close to 50 per cent most of the time, appealing to these swinging voters was seen as the crucial task.

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John Quiggin Monday, November 10, 2025 - 09:21 Source

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.

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Your Democracy Monday, November 10, 2025 - 09:07 Source

RACHEL MADDOW HAS A FIT, DISGORGING EMOTIONAL REACTIONS TO THE WAY RUSSIA IS TRYING TO DESTROY KIEV — EXCEPT RUSSIA IS NOT TRYING TO... RUSSIA WANTS TO MAKE A DEAL THAT PREVENTS THE WEST AND THE NAZIS IN YUCKRAINE FROM DESTROYING THE RUSSIAN CULTURE AND THE RUSSIAN PEOPLE THAT HAVE BEEN PART OF UKRAINE FOR A LONG TIME.

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MacroBusiness Monday, November 10, 2025 - 09:00 Source

No jobs report for you! So that’s two months of non-existent unemployment data from the US due to the Republicans shutting down their own government so markets are unable to navigate or pivot on the non-farm payroll data and instead wonder at what is going on “under the hood” of the world’s largest economy (for

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Monday, November 10, 2025 - 08:00 Source

The Albanese government’s fantastical target of building 1.2 million dwellings over five years, or 240,000 homes a year, is based on delivering another boom in high-rise apartment towers, even greater than the one experienced between 2015 and 2020. To meet the federal government’s lofty housing construction target, Australia would need to build more homes than

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Your Democracy Monday, November 10, 2025 - 06:55 Source

 

https://www.youtube.com/watch?v=rb3TMw5FGUQ

Nexperia Crisis Ends in Humiliation for The Hague - China Wins, Netherlands Folds

 

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Your Democracy Monday, November 10, 2025 - 05:55 Source

New York City Mayor-elect Zohran Mamdani is viewed as a potential “partner” by the Communist Party of Russia (KPRF), its deputy chairman has said.

Speaking to Kommersant on Thursday, MP Leonid Kalashnikov said Mamdani’s proposals to increase taxes on the wealthy closely resemble policies advocated by the party.

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Your Democracy Monday, November 10, 2025 - 05:44 Source

Russia has no intention of violating its obligations under international agreements banning nuclear tests, but will resume testing if other countries do, Kremlin spokesman Dmitry Peskov has said.

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Your Democracy Monday, November 10, 2025 - 05:33 Source

Europe’s NATO member states should brace for a lasting rupture with Moscow, Swedish Prime Minister Ulf Kristersson has said, urging them to focus on supporting Kiev.

The Western nations have introduced multiple rounds of sanctions in an effort to economically isolate Russia since the escalation of the Ukraine conflict in February 2022.

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Your Democracy Monday, November 10, 2025 - 04:33 Source

Like most of my colleagues in art history, English, history, modern languages, musicology, philosophy, rhetoric and adjacent fields, I am concerned about the current crisis in the humanities. Then again, as a student of the history of the modern university, I know that there haven’t been too many decades over the last 150 years during which we humanities scholars have not employed the term “crisis” to portray our place in the academy. 

 

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Your Democracy Monday, November 10, 2025 - 04:22 Source

The Istanbul Prosecutor’s Office has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and 36 other senior officials for alleged genocide and crimes against humanity in the Gaza Strip, according to Turkish media.

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MacroBusiness Monday, November 10, 2025 - 00:05 Source

The housing market appears to have lost some momentum due to the recent inflation shock and expectations that the Reserve Bank of Australia (RBA) will keep interest rates on hold for the foreseeable future. Cotality’s daily dwelling values index continues to show the strongest growth in over two years, measured on a rolling 28-day basis:

The post Reality check sucks FOMO out of housing market appeared first on MacroBusiness.

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THE BLOT REPORT Sunday, November 9, 2025 - 13:36 Source
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THE BLOT REPORT Sunday, November 9, 2025 - 13:28 Source

I have been reading the book ‘The Great Wave’1 by Michiko Kakutani which was given to me by a mate who thought I would enjoy it. Kakutani is an American Pulitzer Prize winning literary critic and writer2. The book is subtitled ‘The era of radical disruption and the rise of the outsider’1.

While the first 60 or so pages have been interesting, there have been a few sections on that road which piqued my interest. One of these was a paragraph (on p. 45) quoting Jaron Lanier3, who was a “pioneer in the development of virtual reality and a member of Silicon Valley’s founding generation”1.

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MacroBusiness Sunday, November 9, 2025 - 09:20 Source

Aussie punters are drooling with anticipation of a new housing boom. Victoria disease is preventing madness in the South East, but elsewhere it is all greed.   Plenty of room to rise before any nerves kick in. The young and abused have been co-opted. The Oct survey detail points to another factor in the mix

The post Pavlov’s dog drools as Albo rings housing boom bell appeared first on MacroBusiness.

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