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MacroBusiness Wednesday, October 29, 2025 - 11:46 Source

The likelihood of a near-term rate cut has been shattered with Wednesday’s Q3 CPI release from the Australian Bureau of Statistics (ABS). The policy-relevant trimmed mean inflation spiked by 1.0% in Q3, well above the median economists’ forecast of a 0.8% rise. This took the annual trimmed mean CPI to 3.0% – the very top

The post Inflation spike kills rate cut hopes appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 29, 2025 - 11:30 Source

TS Lombard gives us the company view of the new Five Year Plan. First, consensus expectations for 2026 GDP are too bearish. Xi Jinping has recommitted the CCP to doubling 2020 per capita GDP by 2035 (just as we forecasted!) This entails a growth rate of ~4.6% yoy to reach that goal. While we do

The post China’s Five Year Plan to nowhere appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 29, 2025 - 11:00 Source

Here it is comes! Waymo is talking to local regulators about trialling the company’s self-driving taxis in Australia, as the autonomous vehicle company begins lobbying governments around the country. Owned by Google’s parent company Alphabet, Waymo describes itself as the “world’s first autonomous ride-hailing service” and says its vehicles have completed 10 million driverless rides

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xkcd.com Wednesday, October 29, 2025 - 11:00 Source

Carefully maneuvering the balloon down a mineshaft in an effort to break the OTHER altitude record

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MacroBusiness Wednesday, October 29, 2025 - 10:30 Source

The IEA has done an analysis of the immense looming global gas glut. It is even bigger than I thought. Following the supply shock of 2022/23, natural gas markets moved towards a gradual rebalancing in 2024 and 2025. During this period, supply fundamentals remained tight and prices stayed well above their historic levels. This limited

The post Energy superidiot fiddles while global gas burns appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 29, 2025 - 10:00 Source

Australia is the world’s leader in creating products and policies that load households with debt. This year, we have seen the federal Labor government introduce its 5% deposit scheme for first home buyers as well as exclude student debts from loan servicing calculations. We have also seen Australian lenders announce new stimulatory mortgage products, including 40-year

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MacroBusiness Wednesday, October 29, 2025 - 09:30 Source

It’s a new paradigm for stocks! The Market Ear. Retail buying still relentless 1.October, September, and August 2025 mark the biggest monthly retail buy imbalances since 2019, with September hitting a record ~$3bn in a single day. 2. Since the S&P 500’s April 8th low, retail traders have poured in roughly $292bn, more than any

The post Punters drive stock markets mad appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 29, 2025 - 09:00 Source

Wall Street rallied again overnight on the continued potential US-China trade deal as risk markets pivot towards the expected rate cut from the Federal Reserve this week. The USD pulled back against some of the majors, particularly against the burgeoning Canadian Loonie as PM Mark Carney continues his Operation “Reach Around” while Euro range traded

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Wednesday, October 29, 2025 - 07:47 Source
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MacroBusiness Wednesday, October 29, 2025 - 07:08 Source

DXY faded a little. AUD roared on the spot. CNY faded. Gold is going lower. Oil can’t even squeeze the shorts. AI metals are the new gold. RIO is the chosen one. EM to the moon. Junk needs to stay green. Yields are melting except in Australia, where the RBA has dislocated the bond market.

The post Australian dollar roars on the spot appeared first on MacroBusiness.

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Your Democracy Wednesday, October 29, 2025 - 06:55 Source

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Your Democracy Wednesday, October 29, 2025 - 05:44 Source

 

It’s the largest living structure on Earth, 3000 individual reefs, 900 islands, 1430 miles, and it may be collapsing.

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Your Democracy Wednesday, October 29, 2025 - 05:22 Source

 

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Your Democracy Wednesday, October 29, 2025 - 04:54 Source

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MacroBusiness Wednesday, October 29, 2025 - 00:05 Source

The Australian Bureau of Statistics (ABS) has released its annual national accounts for the 2024-25 financial year, which includes extensive data on land values. Land values underpinning the Australian housing market increased by 7.0% during the 2024-25 financial year. In 2024-25, Australia’s land was valued at $9.8 trillion, with residential land accounting for 85% ($8.3

The post Australia’s residential land bubble swells appeared first on MacroBusiness.

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Renew Economy Wednesday, October 29, 2025 - 00:01 Source
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Your Democracy Tuesday, October 28, 2025 - 21:37 Source

French President Emmanuel Macron is preparing to intervene militarily in Ukraine, Russia’s Foreign Intelligence Service (SVR) has claimed. In a statement published on Monday, the agency’s press department suggested that he desperately wants to leave his mark on history.  

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Your Democracy Tuesday, October 28, 2025 - 19:53 Source

US President Donald Trump has promised sweeping support for Japan and its new prime minister, Sanae Takaichi, amid the intensifying rivalry with China in the Indo-Pacific.

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MacroBusiness Tuesday, October 28, 2025 - 16:30 Source

A few wobbles across Asian share markets with the catalyst of another potential rare earth trade deal between the Trump regime and Japan helped Yen strengthen against USD. The fallout from Friday’s not so firm US CPI print is keeping the USD down against most of the majors as expectation of a cut from the

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, October 28, 2025 - 16:07 Source
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Renew Economy Tuesday, October 28, 2025 - 15:09 Source
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Prosper Australia Tuesday, October 28, 2025 - 15:06 Source

Australia’s total land value has soared past $10 trillion, according to new ABS data — yet ordinary workers continue to shoulder most of the nation’s tax load. Prosper Australia says the figures highlight the need to rebalance the tax system so that unearned gains from land and natural resources contribute their fair share. “Australia’s land […]

The post Australia’s land wealth passes $10 trillion as tax burden stays on workers first appeared on Prosper Australia.

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Renew Economy Tuesday, October 28, 2025 - 15:02 Source
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MacroBusiness Tuesday, October 28, 2025 - 14:00 Source

The following chart from Justin Fabo from Antipodean Macro illustrates that, in real inflation-adjusted terms, New Zealand dwelling values have crashed back to 2019 pre-pandemic levels: At the same time, the Reserve Bank of New Zealand has slashed the official cash rate by 3.0% to 2.5%, which has driven mortgage rates sharply lower. As a

The post New Zealand shows the way on housing affordability appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 28, 2025 - 13:30 Source

Data released in the U.S. prior to the government shutdown painted an optimistic picture of the economy. Second-quarter economic growth was revised up to 3.8% annualised, and consumer spending grew by 2.8% in the third quarter. Although comforting, these data raise a question: why is growth so resilient when other economic indicators, including employment and

The post USA: Land of the mega-wealthy and inequality appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 28, 2025 - 13:00 Source

The Market Ear has the rub. Just got too extreme We have been pointing out the case for a gold correction recently, here and here. Things simply got way too extreme. One of those measures is just how dislocated gold got vs 200 day moving average. Things have calmed down some over the past days, but the dislocation

The post Gold crash further to go appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 28, 2025 - 12:30 Source

Murdoch hating is Crikey’s core business model. Which, hilariously, makes it just as bad as Murdoch, across some imaginary divide that has little to do with any identifiable value system beyond monkeys throwing poop. Bernard Keane is so lost in Murdoch hate that he has embraced the most vicious autocracy on earth. You might find

The post Murdoch and anti-Murdoch are the same thing appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 28, 2025 - 12:00 Source

The Australian Bureau of Statistics (ABS) last week released the annual national accounts for the 2024-25 financial year, which are summarised below. While the aggregate Australian economy grew by 1.4% for the second consecutive year, per capita GDP continued to shrink. Real per capita GDP declined by 0.3% in 2024-25, which follows the 1.0% contraction

The post Another shocking year for the Australian economy appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 28, 2025 - 11:30 Source

In its first term in office, the Albanese government signed two migration-related pacts with India, specifically designed to increase migration flows to Australia, namely: The Australia-India Migration and Mobility Partnership Agreement. The Mechanism for Mutual Recognition of Qualifications. The Albanese government’s federal election victory prompted celebrations from the Indian community and migration agents, reflecting the

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Renew Economy Tuesday, October 28, 2025 - 11:22 Source

wagerup battery

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