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Oz Blog News Commentary
MacroBusiness Wednesday, November 12, 2025 - 11:00 Source

As I keep saying, the household spending recovery is largely a mirage. The CommBank Household Spending Insights (HSI) Index increased by 0.6% in October, mirroring September’s increase and representing the thirteenth consecutive month of growth for Australian households. 11 out of 12 categories saw an increase in spending, with Transport (+1.2%), Motor Vehicle (1.0%), and

The post Consumer ‘recovery’ is a power bill shock appeared first on MacroBusiness.

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xkcd.com Wednesday, November 12, 2025 - 11:00 Source

'They really shouldn't let those small cars drive in traffic. I worry I'm going to kill someone if I hit one! They should have to drive on the sidewalk, safely out of the way.'

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

The ferrous complex remains paralysed by an unsustainable iron ore price. It appears the inaugural cargo has departed the Pilbara killer with great fanfare, though it is unclear. The President of the Republic of Guinea today joined project partners WCS, Baowu, Chinalco and Rio Tinto in a ceremony at the port in Forécariah prefecture to

The post Happy Pilbara killer day! appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 12, 2025 - 10:00 Source

The NAB survey was out yesterday and showed ongoing disinflation in all cost inputs. These costs are the equivalent of 0.6-0.7% per quarter inflation. Hardly terrifying, especially since the survey also indicated an ongoing jobless recovery, with the employment measure stuck at 3, where it has been all year. With the transition from job-intensive spending

The post Aussie inflation eases appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 12, 2025 - 09:30 Source

DXY is the canary in the coalmine. AUD couldn’t ride it. CNY meh. Gold and oil held gains. AI metals faded. Miners meh. EM meh. Junk is only OK. Yields meh. Stocks meh. There is mounting evidence that the US jobs market has stalled out. ADP for October was out overnight weak.  It does correlate

The post American ‘jobpocalypse’ drives Australian dollar higher appeared first on MacroBusiness.

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Renew Economy Wednesday, November 12, 2025 - 09:25 Source
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MacroBusiness Wednesday, November 12, 2025 - 09:00 Source

Risk markets continue to price in some stability returning to US governance – ha! – but then Wall Street stumbled towards the close, unable to build on its big rebound at the start of the week. The USD was relatively stable against the majors although Euro was able to temporarily push above the 1.16 handle,

The post Macro Morning appeared first on MacroBusiness.

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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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