The ferrous jaws must shut. And we have the perfect monster to do it. And it’s a moment that has the iron ore market holding its collective breath. The size and richness of the deposit means the start up at Simandou threatens to further tilt the power dynamics in a market already facing an uncertain demand future,
The post Pilbara killer closes jaws on iron ore appeared first on MacroBusiness.
Yet again Wall Street only rallied overnight due to tech giants as the AI bubble keeps the mirage of everything afloat. The USD is holding firm against all the majors although is making new ground against Kiwi and the Canadian Loonie while the Australian dollar is just holding on above the 65 cent level. Remember
The post Macro Morning appeared first on MacroBusiness.
Last month, Build Skills Australia released a report warning that there are not enough tradespeople to meet Labor’s target of building 240,000 homes per year, which was tracking 65,970 (27%) behind in 2024-25. According to Build Skills Australia, the building rate per new resident has plummeted, despite the fact that the number of homes built
Beneath the diplomatic pomp and illusions of partnership, France is bitterly discovering that in the Atlantic Alliance, allies have no friends but their own interests.
Paris’s futile efforts: why is French military-technical cooperation with its allies failing?
CIA Director John Ratcliffe met with EU officials last week in an attempt to rebuild strained relations with US intelligence agencies, Politico reported, citing three people familiar with the matter.
The first in a series of first-hand accounts of the Dismissal, from the man who was there: John Menadue.
Deceit is the one word that comes to mind when I think about the Dismissal.
Many in the Coalition, with a born-to-rule view after 23 years of conservative rule, believed that the election of the Whitlam Government in 1972 was an aberration.
With the release of the latest ABS household spending data, it was revealed that in inflation-adjusted terms, households had only grown their spending by 0.2% in the September quarter. This result was down significantly from the 0.9% achieved in the June quarter and the weakest result since September last year. In per capita terms once
There’s an urgent need to replace our total mess with a codified constitution.
By George Monbiot, published in the Guardian 23rd October 2025
Solar Sharer: Bowen wants retailers to offer free electricity for three hours in middle of every day
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.
Asian markets are generally steady following the weekend gap with traders absorbing the outcome of the Trump-Xi summit last week amid some other economy releases, not withstanding last week’s Fed meeting which saw a “cut and wait” approach as too much inflation and not enough job growth plagues the Trump regime. This has seen the
The post Macro Afternoon appeared first on MacroBusiness.
Slow day on the keyboard today because the house is full of tradies doing roof repairs. It’s an insurance claim, thank god, because it looks like a very, very spendy job. There’s at least a dozen guys, a crane, a shit ton of scaffolding and new roofing iron, new insulation, a new solar hot water system and… now… a new ceiling for my library after one of the roofers stepped through it.
Like many inquisitive kids, I was fascinated with dinosaurs and knew the names of lots of them. When I was employed, I’d commonly see kids as young as 5, who could tell their parents (and me) the names of dozens of dinosaur genera. When I was about the same age as them, I was given a book on dinosaurs from the How and Why Wonder Book series. This series was turned out in large numbers on many topics, of which I had a few, but the dinosaur volume was my favourite1.