The US is one big grift these days: the Trump Administration, traditional and social media, corporations, crypto, financial markets are all selling some kind of spurious promise. It’s hard to pick the most egregious example. But for me, it’s hard to go past Tesla. Having lost its dominant position in the electric car market, the company ought to be on the edge of delisting. Instead, its current market capitalisation is $US1.33 trillion ($A 2 trillion). Shareholders have just agreed on an incentive deal with Elon Musk, premised on the claim that he can take that number to $8.5 trillion.
So much for the consumer recovery. Last week’s Roy Morgan consumer confidence number lifted slightly, but since the RBA held, it has wiped out over a year of gains. The Westpac alternative consumer sentiment measure mysteriously jumped hugely last month. But get ready for the great retracement as its credit card tracker pulls the handbrake.
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Earlier this week, the American people were “reliably” informed by the left-wing press that the full grand jury that indicted disgraced former FBI Director James Comey did not see the final indictment.
As a very difficult decision is looming for Zelenskyy, the weight of history is making the choice for him. Carry on fighting and lose more territory [at a rate of 1,200 DEAD soldiers per day] — or go with Donald Trump 28 points plan for peace and accept the losses. Honest observers and serious military experts cannot expect a return to 1991. According to some expert:
1991 — Ukraine has a population of 55 million
The 12 months ending 31 October were volatile. But, after all was said and done, our international fund finished up 25%, our Australian fund finished up over 10%. Our tactical growth finished up around 15%. All of our funds look attractive relative to their benchmarks, especially as they were all significantly less volatile than the
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What the governments of the Global North don’t care about, they don’t measure.
By George Monbiot, published in the Guardian 21st November 2025
International Reading: Top Economist Warns Trump Tariffs Effectively Impose Tax Rate On Low-Income Households That Is Triple Of High-Income Ones – Bezinga ‘China was playing chess while the rest of us were playing checkers’: Bombshell study finds $200 billion of secret loans to U.S. businesses over 25 years – Fortune Low-income Americans being priced out
Ukrainian opposition MP Aleksey Goncharenko has published the text of a purported peace plan reportedly presented to Kiev by the US administration this week.
The lawmaker posted on social media what appeared to be screenshots of a Ukrainian-language electronic document detailing the 28-point peace plan to end the hostilities between Moscow and Kiev.
Not quite a bath of blood on Asian equity markets today but it has been a pretty broad selloff in response to the volatility on Wall Street overnight. Currency land was more sanguine with even the Japanese Yen relatively stable amid a new big stimulus package announced by the Japanese government while local shares hit
The post Macro Afternoon appeared first on MacroBusiness.
New Zealand provides a textbook example of why lowering immigration below the nation’s home building capacity lowers rents, benefiting tenant households. As illustrated in the following chart, New Zealand’s net overseas migration slowed to only 10,628 in the year ending August 2025, well below the decade average of 49,000 and around 120,000 fewer than the
This is right, but for the wrong reason. Former Liberal treasurer Peter Costello has accused the Productivity Commission of failing to use its statutory independence to tell “inconvenient truths” to the Albanese government about the causes of the nation’s waning productivity, declaring the agency had become “politically correct”. Blaming the “arcane” award system for a raft of
A new report from The Australian Population Research Institute (TAPRI) contends that Australia may be on the brink of a political realignment, similar to movements in the UK, France, and the US, driven by populist challenges to mainstream policies on immigration, cultural diversity, net zero, and free trade. While commentators dismiss this possibility, the authors