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MacroBusiness Wednesday, October 22, 2025 - 09:00 Source

Earnings on Wall Street failed to get things moving overnight amid a lack of other economic or macro catalysts with most risk markets returning scratch sessions or barely higher in the end. The standout however is USD which is pressuring Euro and the other major currency pairs even as the Trump regime holds the US

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Wednesday, October 22, 2025 - 08:32 Source

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Renew Economy Wednesday, October 22, 2025 - 08:28 Source
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MacroBusiness Wednesday, October 22, 2025 - 07:48 Source

DXY is not going away. AUD is not out of the woods. CNY sideways. Gold hammer. As I keep saying, for a safe haven, gold is very volatile. AI metals hit too. Is the big bear over? In AUD, yes. EM reversed. Junk is still struggling. Bonds are bidly. Stocks struggled. Are we late cycle

The post Australian dollar frowns at US dollar smile appeared first on MacroBusiness.

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Your Democracy Wednesday, October 22, 2025 - 06:55 Source

The price of partnership with the United States has changed. Washington is now using  assurances of defence and trade access to pressure allies in Europe and Asia to buy more of its fossil fuels under decades-long contracts.

 

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Your Democracy Wednesday, October 22, 2025 - 06:44 Source

 

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Your Democracy Wednesday, October 22, 2025 - 05:44 Source

A senior Pentagon spokesperson has responded with a “your mom” joke when asked about US War Secretary Pete Hegseth’s choice of tie for a recent meeting with Ukraine’s Vladimir Zelensky.   

Hegseth opted for a white, blue, and red striped tie during Zelensky’s visit to the White House on Friday.

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MacroBusiness Wednesday, October 22, 2025 - 00:05 Source

Last week’s dwelling construction data was an absolute disaster. In the June quarter of 2025, only 40,524 homes completed construction, which was the weakest quarter of dwelling completions for 11 years (i.e., since the March quarter of 2014). In the 2024-25 financial year, total dwelling completions fell by 2% to 174,030, from 177,600 the previous

The post Clare O’Neil deceives Australians about housing appeared first on MacroBusiness.

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Renew Economy Tuesday, October 21, 2025 - 20:43 Source
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Renew Economy Tuesday, October 21, 2025 - 19:08 Source
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George Monbiot Tuesday, October 21, 2025 - 17:49 Source

This Labour government would have banned the Labour movement – alongside all the other protests that secured our freedoms.

Imagine a movement arising in this country that seeks to overthrow established power. Imagine that it begins with a series of rebellions, in Scotland and south Wales perhaps, that shut down workplaces, confront police and soldiers (sometimes peaceably, sometimes with crude weapons), set up roadblocks and lay siege to the places where fellow protesters are imprisoned and government officials are meeting.

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Renew Economy Tuesday, October 21, 2025 - 17:09 Source
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MacroBusiness Tuesday, October 21, 2025 - 16:30 Source

Asian share markets have continued their strong rebound on the Trump TACO trade helped along by calm returning to Japanese politics with a new PM while local markets saw a lift in rare earth miners on the back of the Albo “deal”.  Currency markets are treading water without much change as the USD tries to

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, October 21, 2025 - 15:07 Source
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Renew Economy Tuesday, October 21, 2025 - 15:02 Source
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Renew Economy Tuesday, October 21, 2025 - 15:00 Source
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Renew Economy Tuesday, October 21, 2025 - 14:57 Source
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Renew Economy Tuesday, October 21, 2025 - 14:51 Source
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Renew Economy Tuesday, October 21, 2025 - 14:47 Source
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MacroBusiness Tuesday, October 21, 2025 - 14:00 Source

Credit Agricole has a wrap on the broader themes. China’s 4th Plenum will take place on 20-23 October to discuss the 15th Five-YearPlan (FYP), outlining China’s medium-term strategic plans for economic and social development in 2026-30. The 15th FYP will likely prioritise technological innovation to achieve high-quality growth and ensure high-level security. While the FYP

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MacroBusiness Tuesday, October 21, 2025 - 13:30 Source

By Ross Elliott, cross-posted from The Pulse: A million people generate a lot of demand for things. Hospitals included. In Australia, we need on average 1 hospital bed for every 270 people, so that’s 3,703 beds for 1 million people. Based on a large hospital of say 500 beds, that’s roughly 7.5 hospitals for 1 million

The post Why Australia faces permanent infrastructure shortages appeared first on MacroBusiness.

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Renew Economy Tuesday, October 21, 2025 - 13:30 Source
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MacroBusiness Tuesday, October 21, 2025 - 13:00 Source

Last week’s dwelling completions data from the Australian Bureau of Statistics (ABS) showed that in 2024-25, the Albanese government fell 65,970 (27%) behind the National Housing Accord’s target, which requires 240,000 homes to be built annually for five consecutive years. It also means that Australia will have to build around 256,000 homes annually over the

The post Apartment projects lay dormant across Australia appeared first on MacroBusiness.

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Renew Economy Tuesday, October 21, 2025 - 12:45 Source
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Renew Economy Tuesday, October 21, 2025 - 12:39 Source
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MacroBusiness Tuesday, October 21, 2025 - 12:30 Source

There is no substitute for stupidity in Australia. We do it better than anyone. If energy ran on stupidity, we would have the cheapest power in the world. Fresh from telling southern states that it can’t have any QLD gas, the Crusifulli government has added to the state’s energy woes. Queensland secures deal for first

The post Gas cartel devours QLD appeared first on MacroBusiness.

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Renew Economy Tuesday, October 21, 2025 - 12:14 Source
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Renew Economy Tuesday, October 21, 2025 - 12:10 Source
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MacroBusiness Tuesday, October 21, 2025 - 12:00 Source

The Chinese property crash is somewhere near the halfway point. Here is the raw data for Ssptember, Floor space sold: -10.5% yoy in September, vs. -10.3% yoy in August (value of sales:-11.8% yoy in September, vs. -13.8% yoy in August). Floor area under construction: -9.4% yoy in September, vs. -9.3% yoy in August. New home

The post Chinese property crash has only a decade to go appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 21, 2025 - 11:30 Source

Since the pandemic kicked off in early 2020, around 60% of the nation’s job growth has been driven by the non-market (largely government-funded) sector, which comprises healthcare, social assistance, education, and public administration and safety. As a result, the non-market sector now comprises a record high 31.5% of the Australian labour force. Last week’s Labour

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