Blogotariat

Oz Blog News Commentary
MacroBusiness Saturday, August 2, 2025 - 00:10 Source

At the end of 2024, CoreLogic (now Cotality) reported that Australia’s housing affordability—both to purchase and rent—was the worst on record, as illustrated by the graphic below. Home prices relative to incomes, the percentage of income required to service a mortgage, the number of years taken to save a deposit, and the percentage of income

The post Bad news for Australian housing affordability appeared first on MacroBusiness.

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MacroBusiness Saturday, August 2, 2025 - 00:05 Source

International Reading: Beginning tomorrow, Trump Tariffs Will Affect Nearly 75 Percent of US Food Imports. – Tax Foundation How Trump’s tariffs could affect your grocery bill  – The Hill Trump Ends Tariff Exemption For Small Packages – Wired Bessent: Trump Has ‘Backdoor to Privatizing Social Security’ – Mediaite The US Will Be the Biggest Loser

The post Weekend reading and MB media releases appeared first on MacroBusiness.

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Your Democracy Friday, August 1, 2025 - 20:49 Source

The EU was not “feared enough”during negotiations with the US on the newly-signed trade agreement between the two, French President Emmanuel Macron has said, according to Euractiv. 

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Your Democracy Friday, August 1, 2025 - 18:00 Source

https://www.youtube.com/watch?v=z6krs3VdEnA

Trump AG BREAKS SILENCE as Trump COVER UP BLOWS UP

 

MeidasTouch host Ben Meiselas reports on Donald Trump’s Attorney General trying to get in Trump’s good graces by breaking her silence after her botched cover up by attacking a federal judge who Trump despises.

 

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George Monbiot Friday, August 1, 2025 - 17:42 Source

Thanks to the government’s draconian new anti-protest order, it’s almost impossible to tell whether you are or are not breaking the law.

By George Monbiot, published in the Guardian 30th July 2025

I packed a toothbrush, books and a notepad in a small rucksack, took my laptop from the house and hid it, gave my phone to a friend to look after and put a “bust card” (lawyers’ details and legal advice) in my back pocket. I wasn’t certain I would be arrested, but I wanted to be ready. Then I stepped, with other, much braver people into a legal labyrinth.

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Cheeseburger Gothic Friday, August 1, 2025 - 15:32 Source

I always liked this song by Sheryl Crow, but I really love this cover by Skeggs on Triple J.

No embedding, sorry.

But the clip is here.

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Renew Economy Friday, August 1, 2025 - 15:01 Source
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Renew Economy Friday, August 1, 2025 - 14:58 Source

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Renew Economy Friday, August 1, 2025 - 14:29 Source
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MacroBusiness Friday, August 1, 2025 - 14:00 Source

After experiencing one of the biggest booms during the pandemic, New Zealand home values have crashed back to 2019 levels. As illustrated below by Justin Fabo from Antipodean Macro, this decline in home values, combined with falling mortgage rates, has drastically improved housing affordability: It is not just home prices that have crashed but construction

The post New Zealand’s twin housing crashes appeared first on MacroBusiness.

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MacroBusiness Friday, August 1, 2025 - 13:30 Source

Prefabricated housing is often touted as a solution to Australia’s housing affordability crisis. This week, 9 News ran an advertorial on Australia’s budding prefabricated housing industry, which it heralded as “a potential new dawn for Australia’s housing crisis”. These homes, which can be constructed in 10 to 12 weeks and can be “generally installed in one

The post Prefabricated homes won’t improve affordability appeared first on MacroBusiness.

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Your Democracy Friday, August 1, 2025 - 13:03 Source

US President Donald Trump has said Moscow and New Delhi “can take their dead economies down together.”Trump announced 25% tariffs on India on Wednesday, plus penalties for the South Asian nation’s economic ties with Russia.

In a message posted late Wednesday on his social media platform, Truth Social, Trump wrote that the US has little trade with Russia and India.

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MacroBusiness Friday, August 1, 2025 - 13:00 Source

What do you think happens when you try to manage a narcissist with a narcissist? Both pretend the other does not exist. AFR. Leavitt said of the country’s 18 largest trading partners, two-thirds had a deal. Australia is among the huge majority of countries that have not yet struck a deal and is facing the

The post How much must we pay for the Rudd tariff? appeared first on MacroBusiness.

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MacroBusiness Friday, August 1, 2025 - 12:30 Source

Tarric Brooker posted the following chart on Twitter (X) showing that the level of real Australian resource exports per capita has risen from around $3,500 per year in 1988 to just under $15,000 per year currently. Brooker added, “Imagine the dividends of a smaller Australia”, in response to the massive population expansion experienced by Australia this

The post Imagine the dividends from a smaller Australia? appeared first on MacroBusiness.

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MacroBusiness Friday, August 1, 2025 - 12:00 Source

The perfect bubble is here, says the Market Ear. With systematics now fully engaged, it is hard to argue with. 100% too perfect Ring the bell. This is as good as it gets. Years ago we had the “Bündchen Bottom” in the dollar. Now the market just gave us the Sydney Sweeney squeeze Top –

The post Hate the beloved rally! appeared first on MacroBusiness.

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MacroBusiness Friday, August 1, 2025 - 11:30 Source

Goldman wraps the EOFY bump in retail sales. Nominal retail sales rose 1.2%mom in June, above expectations (GSe:+0.9%mom, BBG: 0.5%mom). The quarterly data were also firmer than expectations, with volumes rising 0.3%qoq in 2Q 2025 (GSe: -0.3%qoq, BBG:+0.1%qoq). That said, the acceleration in volumes growth was driven by a rebound in Queensland following flood-related weakness

The post Retail sales less than meets the eye appeared first on MacroBusiness.

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MacroBusiness Friday, August 1, 2025 - 11:00 Source

The Australian Bureau of Statistics (ABS) released dwelling approvals data for June, which posted another solid rise. There were 15,984 dwellings approved in trend terms in June, the highest volume since September 2022. Despite the rebound, approvals remained 20% below the monthly 20,000 run rate required to meet the Albanese government’s target to build 1.2

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MacroBusiness Friday, August 1, 2025 - 10:30 Source

The ferrous complex likes to stick to seasonal patterns, but the sgtins are not good when steel gives way. Nor when PMIs give way. China official NBS manufacturing PMI: 49.3 in July, vs. 49.7 in June. Official non-manufacturing PMI: 50.1 in July, vs. 50.5 in June. The construction PMI fell notably in July to 50.6

The post Iron ore swims as China sinks appeared first on MacroBusiness.

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MacroBusiness Friday, August 1, 2025 - 10:00 Source

As part of a recent analysis of Department of Home Affairs data, it was revealed that: “Nearly half of the New Zealanders applying for Australian citizenship weren’t born here (in New Zealand), according to data from the Australian government.” According to the Department of Home Affairs, in the two years since July 2023, over 92,000

The post The “backdoor” migration gateway into Australia is open appeared first on MacroBusiness.

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Renew Economy Friday, August 1, 2025 - 10:00 Source
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xkcd.com Friday, August 1, 2025 - 10:00 Source

Achilles was a mighty warrior, but his Achilles' heel was his heel.

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Renew Economy Friday, August 1, 2025 - 09:52 Source
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MacroBusiness Friday, August 1, 2025 - 09:30 Source

King dollar is back. AUD is beheaded by the king. Lead boots give up. Oil and gold mark time. Metlas mania implodes. Big mininig, big bear intact. EM flames out. Junk OK. Yields firm. Stocks stall. The market is just far too short US dollars triggering a short squeeze. As its economy and assets outperform.

The post Australian dollar slain by the king appeared first on MacroBusiness.

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Your Democracy Friday, August 1, 2025 - 09:29 Source

Records obtained by U.S. intelligence officials indicate the FBI would play a role in putting “more oil into the fire” of the Russia collusion hoax ahead of the 2016 presidential election, according to newly declassified documents released Thursday. 

read more

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Renew Economy Friday, August 1, 2025 - 09:06 Source
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Renew Economy Friday, August 1, 2025 - 09:04 Source
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MacroBusiness Friday, August 1, 2025 - 09:00 Source

Sticky tariff induced inflation in the US overnight sent Wall Street lower as the expectation of rate cuts were diced as the latest PCE came in higher than expected. The Trump regime continues to bully Canada with the probability of 35% tariffs rising as no deal or framework before the August 1st “deadline” while Mexico just

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Friday, August 1, 2025 - 08:14 Source

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MacroBusiness Friday, August 1, 2025 - 08:00 Source

Data from the Australian Energy Market Operator shows that wholesale electricity prices on the East Coast were 23% higher year-on-year in the June quarter. The wholesale price averaged $140 per megawatt-hour during the quarter—the highest level since 2022, when the wholesale price topped $260 per megawatt-hour following Russia’s invasion of Ukraine. AEMO attributed the spike

The post Australian energy policy is back-to-front appeared first on MacroBusiness.

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Your Democracy Friday, August 1, 2025 - 06:42 Source

US President Donald Trump has issued a warning to former Russian President Dmitry Medvedev, calling him a “failed”leader and cautioning him against combative rhetoric.

Medvedev, now serving as deputy chair of Russia’s Security Council, had earlier dismissed the notion that Trump, or any other US official, could dictate Moscow’s stance on the Ukraine conflict. His comments came in response to American calls for Russia to negotiate peace or face tougher sanctions.

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