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Your Democracy Thursday, March 20, 2025 - 05:53 Source

Let’s restore the trust in China that we once enjoyed. This was the key message I presented to an online forum titled Does China Threaten Australia’s Peace and Security hosted by the Australian Peace and Security Forum on 18 March. Following is a condensed version of my talk.

 

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Your Democracy Thursday, March 20, 2025 - 05:29 Source

Russian President Vladimir Putin and his US counterpart, Donald Trump, trust each other, Kremlin spokesman Dmitry Peskov has said regarding the two leaders’ phone conversation on Tuesday.

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MacroBusiness Thursday, March 20, 2025 - 00:05 Source

A Senate inquiry into university governance has heard claims that the Tertiary Education Quality and Standards Agency (TEQSA) is failing to monitor the standard of university degrees. The assertion has been made by a group of more than 200 ‘old-school’ academics known as Public Universities Australia, with the group claiming that universities are “soft marking”

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MacroBusiness Wednesday, March 19, 2025 - 17:30 Source

Uncertainty has returned for stock markets here in Asia in response to the stumbles on Wall Street overnight with local stocks ending up lower. The USD is trying to fight back as it remains weak against Euro and Pound Sterling although the BOJ hold today helped it keep Yen lower this afternoon, as traders await

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Wednesday, March 19, 2025 - 17:07 Source
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Renew Economy Wednesday, March 19, 2025 - 16:08 Source
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Renew Economy Wednesday, March 19, 2025 - 15:46 Source
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Renew Economy Wednesday, March 19, 2025 - 15:22 Source
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MacroBusiness Wednesday, March 19, 2025 - 14:00 Source

The Reserve Bank of New Zealand’s 1.75% reduction in the official cash rate has finally stimulated an upswing in New Zealand house prices. The Real Estate Institute of New Zealand’s (REINZ) House Price Index jumped by 1.4% in February to be 0.5% higher over the quarter. Over the year, New Zealand home prices were down

The post Reserve Bank drives house price rebound appeared first on MacroBusiness.

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Renew Economy Wednesday, March 19, 2025 - 13:44 Source

Anthony Albanese at the National Press Club, Canberra.</body></html>

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Your Democracy Wednesday, March 19, 2025 - 13:37 Source

With Donald Trump’s return to the presidency, the United States has attempted to reshape its global image from a disrupter to a peacemaker. However, this transformation appears to be an illusion masking long-standing hegemonic ambitions.

 

A Great Illusion   BY Abbas Hashemite

 

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MacroBusiness Wednesday, March 19, 2025 - 13:30 Source

Long-term readers of MB will recall Martin “Parko” Parkinson, the roaring hypocrite who spent much of his time whining about poor productivity in various senior roles while making it much worse himself. Today he returns to lord it over us all with lies. Former top public servant Martin Parkinson has warned Labor and the Coalition

The post Go back to your sinecure, Parko appeared first on MacroBusiness.

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Renew Economy Wednesday, March 19, 2025 - 13:12 Source
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MacroBusiness Wednesday, March 19, 2025 - 13:00 Source

Treasurer Jim Chalmers addressed the Queensland Media Club on Tuesday, where he was asked about Labor’s promise before the last election to cut household electricity bills by $275 by 2025. Chalmers admitted that it would not be met. “The number that you’re referring to, which we all used on a number of occasions, was a

The post Jim Chalmers admits Labor lied on energy costs appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 19, 2025 - 12:30 Source

Via Roy Morgan. In February 2025, Australian ‘real’ unemployment increased 214,000 to 1,834,000 (up 1.4% to 11.5% of the workforce) with significantly more people looking for work. The driver of this increase in unemployment were the large falls in full-time employment, down 273,000 to 9,356,000, and a drop in part-time employment, down 99,000 to 4,767,000,

The post Roy Morgan unemployment spikes appeared first on MacroBusiness.

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Your Democracy Wednesday, March 19, 2025 - 12:08 Source

Germany’s federal parliament, the Bundestag, is voting today on the largest rearmament programme since the Nazi regime. It will provide the future government with around €1 trillion to rearm Germany into a major military power and enable it to wage war.

 

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MacroBusiness Wednesday, March 19, 2025 - 12:00 Source

It is all so predictable. One of Australia’s biggest coal power stations in Victoria’s Latrobe Valley is set to stay open for four more years amid fears of ­devastating electricity shortages, in an extraordinary U-turn for the state Labor government’s renewable energy-only blueprint. A decision to keep coal in the power system for longer underscores Australia’s

The post Energy superidiot turns secretly back to coal appeared first on MacroBusiness.

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Renew Economy Wednesday, March 19, 2025 - 11:41 Source
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MacroBusiness Wednesday, March 19, 2025 - 11:30 Source

According to the Australian Bureau of Statistics (ABS), 1,044,160 net permanent and long-term arrivals have landed in Australia since the Albanese government took office in June 2022. New data from Jobs & Skills Australia, collated by Justin Fabo of Antipodean Macro, demonstrates that the record net overseas migration has done nothing to alleviate high-skilled labour

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Renew Economy Wednesday, March 19, 2025 - 11:12 Source
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MacroBusiness Wednesday, March 19, 2025 - 11:00 Source

The latest sales data is flatlined. Sentiment flatlined. Inventory a bit better. But the completions cliff appears to be here. Not good for bulks as steel breaks down. ‘Dem jaws is wide.

The post Iron ore falls off Chinese completions cliff appeared first on MacroBusiness.

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xkcd.com Wednesday, March 19, 2025 - 11:00 Source

The biggest I've seen in a published source in the wild is an 80-fold error in a reported distance, which I think came from a series of at least three unit conversions and area/length misinterpretations.

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MacroBusiness Wednesday, March 19, 2025 - 10:30 Source

On last week’s ABC Q&A program, federal health minister Mark Butler claimed the government has “been working very hard to get migration levels, immigration levels down to something we think the country can manage”. Wow, the gaslighting when it comes to immigration and housing is off the charts. Check out this excellent question and the

The post Labor’s “migration crackdown” fails appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 19, 2025 - 10:00 Source

The latest House Income and Labour Dynamics in Australia (HILDA) survey, conducted by the University of Melbourne and the Melbourne Institute, showed an increasing wealth disparity throughout the country. As illustrated below, older Australians’ wealth increased the most over the past 20 years. Australians aged 75 and over experienced by far the largest percentage increase

The post Baby boomers win Property Monopoly appeared first on MacroBusiness.

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Cheeseburger Gothic Wednesday, March 19, 2025 - 09:51 Source

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MacroBusiness Wednesday, March 19, 2025 - 09:30 Source

DXY is through the trapdoor. EUR to the moon. Even so, ‘risk off’ hit AUD. Lead boots are walking to Mar-A-Lago. Golden rocket. Oil abortion. The world does not need Goldman’s copper play Playing copper via diversified miners is stupid. EM meh. We need much more pain in junk. Yields eased. New inversion deepened. Stocks

The post Australian dollar turns golden rocket appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 19, 2025 - 09:00 Source

As Trump waited an hour to speak to his Russian handlers overnight, news of more tariffs coming April plus some lackllustre results in tech stocks (while Tesla’s burn everywhere) sent Wall Street lower while European stocks continue to outperform. Meanwhile the USD slipped further against Euro and Pound Sterling while building against Yen in anticipation

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Wednesday, March 19, 2025 - 08:44 Source

Yallourn power station (supplied).

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MacroBusiness Wednesday, March 19, 2025 - 08:30 Source

The Market Ear on the roaring bear. Hitting the head in the trend line SPX’s short term negative trend line remains intact for now. We need to break above this to have a clear technical signal. Source: Refinitiv No de-gross Hedge fund current peak to trough de-gross still not extreme compared to August and December

The post Bull crash appeared first on MacroBusiness.

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Your Democracy Wednesday, March 19, 2025 - 07:18 Source

Italian Prime Minister Giorgia Meloni has rejected the idea of deploying troops in Ukraine, after France and the UK proposed sending peacekeepers to secure an eventual truce between Kiev and Moscow.

Meloni expressed her opposition during an address to the upper house of the Italian parliament on Tuesday, ahead of a European Council meeting in Brussels this week expected to discuss the Ukraine conflict.

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