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MacroBusiness Wednesday, July 9, 2025 - 16:00 Source

Most Asian share markets are lifting higher despite a very weak lead from Wall Street, while local stocks are taking a double whammy due to the expected rate cut from the RBA turning into a hold and then the Trump regime’s bullying tariffs on pharmaceuticals. There’s more tariff announcements and letter printing on the way,

The post Macro Afternoon appeared first on MacroBusiness.

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Your Democracy Wednesday, July 9, 2025 - 15:55 Source

The clock is ticking to block Annalena Baerbock’s appointment as President of the 80th United Nations General Assembly.

The UN General Assembly is meant to represent the world’s majority.

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MacroBusiness Wednesday, July 9, 2025 - 13:30 Source

Since the issues facing China’s property sector exploded into mainstream view in 2021, it has been a rollercoaster ride of different perspectives and scenarios on how it will all play out. While the issues faced the Chinese economy have now faded from the headlines, the reality is the risks within the Chinese economy remain significant,

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MacroBusiness Wednesday, July 9, 2025 - 13:00 Source

I don’t think gender is relevant to stupidity, but The Australian does. They are the three women ­steering the nation’s economic course, a triumvirate of power not afraid to push back and make tough decisions. …On Tuesday, Treasury secretary Jenny Wilkinson attended her first RBA board meeting, ­replacing former secretary Steven Kennedy and ­shifting the

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MacroBusiness Wednesday, July 9, 2025 - 12:30 Source

Card-carrying China groveler Geoff Raby is like a weathervane of Chinese influence in Australia. His return to the AFR tells us that his tailwind is growing, as we have seen around Albo’s China pivot, and it is safe to re-emerge and argue for a further selling out to Beijing. He doesn’t have much to say

The post Revenge of the China grovellers appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 9, 2025 - 12:00 Source

When the Reserve Bank Governor Philip Lowe first began raising interest rates in May 2022, the question in the minds of many commentators and economists was, when will they be cut again? What followed was the largest and swiftest relative rise in interest rates in Australia’s history. But then the Reserve Bank did something that

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MacroBusiness Wednesday, July 9, 2025 - 12:00 Source

With the release of the latest national accounts data, it was revealed that Australia’s GDP in per capita terms is once again contracting. Meanwhile, in headline GDP terms, the economy grew by 0.2%, surprising to the downside of the analyst consensus of growth of 0.4%. Australian GDP per capita has now contracted in 9 of

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MacroBusiness Wednesday, July 9, 2025 - 11:30 Source

Nice pop in the NAB survey yesterday. However, under the bonnet, it’s exaggerated with construction confidence distorting the survey. Price indicators remain weak. Rate cuts working some magic. Better, but no cigar.

The post Builder confidence pops on rate cuts appeared first on MacroBusiness.

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