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Your Democracy Friday, July 18, 2025 - 05:55 Source

US-made Patriot surface-to-air missile (SAM) systems will be delivered to Ukraine “as quickly as possible,” and Germany will pick up the tab, NATO’s top military commander in Europe, American General Alexus Grynkewich, has said. Washington and Berlin agreed on the scheme earlier this week.

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MacroBusiness Friday, July 18, 2025 - 00:05 Source

Australians have experienced a record 6.1% decline in their real wages. Worse, the Reserve Bank of Australia’s (RBA) own forecasts suggest that real wages will only recover to December 2011 levels by mid-2026, by which time they will still be tracking 5.7% below their mid-2020 peak. Thursday’s labour force data for June, released by the

The post Aussies brace for new wage shock appeared first on MacroBusiness.

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Your Democracy Thursday, July 17, 2025 - 16:52 Source

The current genocide is the culmination of a spiral of violence that has been going on since 1948 and has been covered up by the powerful in the West for generations. The media portray the genocide as self-defense – but they are nothing less than partners in crime.

 

Genocide as “self-defense” – Western media as accomplices to the genocide in Gaza – We stand up!by Peter Haenseler

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MacroBusiness Thursday, July 17, 2025 - 16:00 Source

Currency markets pivoted to Asian releases today with the jump in local unemployment and a fall in Japanese exports hitting both the Australian dollar and Yen respectively. The Trump regime’s trade war is continues with “framework deals” for India and Europe the next hand-waving “framework” that is being floated while actual free trade deals outside

The post Macro Afternoon appeared first on MacroBusiness.

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MacroBusiness Thursday, July 17, 2025 - 14:00 Source

During the Covid-19 pandemic, New Zealand experienced one of the world’s largest house price booms, which pushed median home values to a record 11.2 times median household incomes, according to Demographia. Since then, New Zealand has experienced one of the world’s biggest housing crashes, which has significantly improved the nation’s housing affordability. On Tuesday, the

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MacroBusiness Thursday, July 17, 2025 - 13:30 Source

Markets are always right. Always right. CISA data is falling away. But don’t forget, no private sources have fully captured the official downturn in steel output, though CISA is now trying. Steel output cuts are underway. Why steel prices are going down and iron ore prices are going up, you will have to ask the

The post Iron ore pulls a Costanza appeared first on MacroBusiness.

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MacroBusiness Thursday, July 17, 2025 - 13:00 Source

Albo’s great grovel of China has reached the level of nauseating. From The Australian: After his big day in the Great Hall with Xi Jinping, Anthony Albanese spent most of Wednesday leading a Gough Whitlam tribute mission. The Chinese government was delighted to assist. A huge section of the Badaling section of the Great Wall – about 80km northwest

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MacroBusiness Thursday, July 17, 2025 - 12:23 Source

This is what happens when you drive a car through the rear vision mirror. You overcook everything. In seasonally adjusted terms, in June 2025: unemployment rate increased to 4.3%. participation rate increased to 67.1%. employment increased to 14,619,300. employment to population ratio remained at 64.2%. underemployment rate increased to 6.0%. monthly hours worked decreased to

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Your Democracy Thursday, July 17, 2025 - 12:08 Source

China has published the data for its BeiDou satellite navigation system — and hold on, because what seemed like a simple technological balance sheet is actually a reflection of the geopolitical power of a country that has managed to build a reliable alternative to GPS in just two decades!

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MacroBusiness Thursday, July 17, 2025 - 12:05 Source

China says its economy is growing at 5.2%, but falling prices and sluggish demand tell a very different story. Some are now calling it a “golden depression”—recession hidden by stimulus. Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, and Chief Strategist, David Llewellyn-Smith, unpack what’s really happening in China and what

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