The wreckers of Australian energy, and therefore living standards, as well as climate change mitigation, are shrieking like stuck pigs. At the top of the list is the corrupt Grattan Institute, sponsored by Origin. Its analyst, former Origin executive Tony Wood, famously campaigned against gas reservation in 2013. “With more than $160 billion forecast to
Chinese property is at the centre of some dark economic galaxy. Primary sales are woeful. Secondary sales are buckling. Prices are in freefall. Rent lol. Starts are now down 82% from peak Yoy. To summarise. Land sales can’t stop falling, though the fiscal pump has lifted prices somehow. The crash ahead in construction volumes remains
One common explanation for last week’s “blue-bath”—the election night triumph by Democrats just one year after President Donald Trump retook the White House—is that the GOP’s “multiracial coalition” collapsed.
Equity markets have not yet gone full risk off but last week saw a lot of confidence fall out of Wall Street with a variety of causes to blame – the AI bubble, the slowing US economy due to the shutdown and tariff impacts, but also the looming release of the Epstein files. Tech stocks
The post Macro Morning appeared first on MacroBusiness.
Over the weekend, the nation recorded its highest volume of auctions since March, with 3,258 capital city homes going under the hammer. Despite the strong volumes, the preliminary clearance rate was 70.0%. While this was down from 71.8% last week, the result suggested that buyer demand remained robust and is absorbing the higher volumes. Melbourne
DXY had a better night. AUD is caught between fear and greed. CNY up. Gold down, oil up. AI metals look toppy. Copper H&S? The chosen one, not. EM shaky. Junk is increasingly a worry as AI issues debt. Bad signal for risk. Yields up on the US reopening. Stocks dumped and pumped again. Goldman
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In an exclusive interview with FRANCE 24, former CIA director David Petraeus said Russia’s finances are in a far more dire state than many realise, arguing that there is now “a real opportunity” for the United States and other NATO countries to strengthen Ukraine’s defences and “crush the Russian war economy”. He also shared his views on Syria’s new leadership and the situation in Iraq.
US President Donald Trump has called on NBC to fire late night host Seth Meyers after the leftist comedian attacked the US president on his show.
In the latest episode of the Late Night with Seth Meyers, which aired on Thursday, the host labeled Trump “the most unpopular president of all time.”He cited a poll saying the US leader’s approval was at just 33%, plummeting by 10% since March.
One of the craziest things happening right now is how there’s been report after report confirming that Jeffrey Epstein really was an Israeli intelligence operative, based on publicly available documents, and yet it’s had no measurable impact on mainstream media or politics.
Caitlin Johnstone: Burying the Real Epstein Story
Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.
Claire Field, a former regulator of the vocational training sector, warned in 2022 that a large number of South Asian students were arriving in Australia in “response to the unlimited work rights now available to those on Australian student visas”, enrolling in “lower quality and cheaper vocational colleges” to live and work. The surge in
The Palestinian people do not exist, Israel’s hardline security minister, Itamar Ben-Gvir, has said ahead of the UN Security Council vote on implementing the next stage of the US-brokered peace plan for Gaza.
The Security Council will vote Monday on a resolution drafted by the US and backed by several Arab and Muslim countries, which they said “offers a pathway to Palestinian self-determination and statehood.”
By Lucinda Jerogin, Associate Economist at CBA The unemployment rate fell to 4.3% in October from 4.5% in September. New housing lending surged 9.6% in Q3 25. Tourism and student arrival numbers remain below pre-pandemic levels. Our CommBank HSI recorded its eighth consecutive month of gains, lifting by 0.6% in October to be 6.3% higher
The post The economic week ahead appeared first on MacroBusiness.
