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Articles from MacroBusiness

Macro Morning

October 21, 2025 - 09:00 -- Admin

A further rally on Wall Street overnight due to more solid earnings which overshadowed the subprime drama in regional banks, helped along by a positive reaction here in Asia in yesterday’s session to strong Chinese GDP numbers. The AUKUS trap seems to be closing as the Trump regime signed a minerals deal with Albo in

Macro Afternoon

October 20, 2025 - 16:30 -- Admin

Asian share markets have rebounded strongly on the TACO trade as the Trump regime looks like folding yet again over its tariff threats on China while the USD tries to take back a lot of lost ground against the majors but is only barely making headway. The latest Chinese GDP print didn’t scare the Australian

Former New Zealand PM calls time on 30-year housing bubble

October 20, 2025 - 14:00 -- Admin

New Zealand experienced one of the developed world’s largest rises in home values over the first 25 years of this century. However, as illustrated below by Justin Fabo from Antipodean Macro, New Zealand dwelling values have recently crashed back to 2019 levels, representing one of the largest property busts in the developed world. One year

Federal government lobs fiscal booby trap at states

October 20, 2025 - 13:30 -- Admin

There are two main reasons why the federal government supports running a high immigration program. First, immigration benefits overall economic growth, as measured by headline GDP. Running a high immigration policy allows the federal government to pretend to be a competent economic manager, even when per capita GDP growth is poor and individual living standards

RBA to make “insurance cut”

October 20, 2025 - 13:00 -- Admin

So says Societe General. The AU unemployment rate jumped to 4.46% in September, above any of the Bloomberg survey forecasts. An upward revision to August leaves the average 3Q rate in line with the RBA’s latest SoMP view of 4.3%. However, the uptick skews risk higher for 4Q. Markets have been wrong-footed by single prints

Sell gold!

October 20, 2025 - 12:30 -- Admin

I agree. Though I would buy any decent pullback. The Market Ear. Easy tiger The fundamental gold story hasn’t changed: inflation hedging, rate cuts, and reserve diversification. But the tactical setup has: sentiment, positioning, and volatility all scream too crowded. Gold may still be the “right” asset — just at the wrong price, right now. Gold

Can the US and China make friends?

October 20, 2025 - 12:00 -- Admin

Are the US and China getting back together? Goldman is skeptical. Latest US-China developments: Last Friday, US Treasury Secretary ScottBessent had a “constructive”video call with Vice Premier He Lifeng and President Trump indicated that the meeting with President Xi would go ahead in South Korea later this month. Despite these positive developments, we think risks

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