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xkcd.com Wednesday, August 27, 2025 - 10:00 Source

Wavefunction collapse is only one interpretation. Under some interpretations, graduate students also have souls.

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MacroBusiness Wednesday, August 27, 2025 - 09:30 Source

The sight of so many flabby central bankers running nowhere inside a rat wheel is enough to make you barf. That’s what we got yesterday in the RBA minutes. The staff’s forecasts for GDP growth in the medium term had been reduced a little because of a lower assumed rate of productivity growth to which

The post RBA notices rat wheel economy, turns dovish appeared first on MacroBusiness.

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MacroBusiness Wednesday, August 27, 2025 - 09:00 Source

Risk markets continue to have second thoughts about the dovish mood at the Federal Reserve with the added volatility around the Trump regime looking to takeover the Fed’s independence itself not helping the USD.  Although Euro is seeing some kickback due to French political problems, Yen, Pound Sterling and the Australian dollar are all heading

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Wednesday, August 27, 2025 - 07:10 Source
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Renew Economy Wednesday, August 27, 2025 - 07:08 Source
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MacroBusiness Wednesday, August 27, 2025 - 00:05 Source

Recently a case was made that the Reserve Bank and the Albanese government did not deserve to be blamed for the deterioration in Australian living standards and real wages, due to the fact that similar trends were present throughout much of the developed world. While there is certainly truth to the idea that other advanced

The post The ‘Lucky Country’s’ uniquely disastrous economy appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 26, 2025 - 16:30 Source

Asian share markets are failing to translate the Friday night gains on Wall Street due to the seemingly dovish pivot by the US Federal Reserve as risk markets patiently wait and see what the Trump regime is up to with trying to fire members of the Board, adding to currency volatility at least. The USD

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, August 26, 2025 - 15:32 Source
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Renew Economy Tuesday, August 26, 2025 - 14:41 Source
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Renew Economy Tuesday, August 26, 2025 - 14:31 Source
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Renew Economy Tuesday, August 26, 2025 - 14:16 Source
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MacroBusiness Tuesday, August 26, 2025 - 14:00 Source

Goldman with the outlook. AUD, NZD, & CAD: Caution signs. Cyclical G10 currencies, AUD, NZD, and CAD, have underperformed in August. After touching or nearly-reaching our 3-month targets, each has doubled back weaker versus the Dollar over the past month. Risk has been under pressure and could be weighing on the more cyclical parts of

The post Major bank: Australian dollar to crawl higher appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 26, 2025 - 13:30 Source

Australia’s pivot to Palestine, which has no practical implications for anything or anybody outside of Albo’s politicking, is developing into a major risk to the Australian national interest. While the nation sinks into the greatest distraction since the Rubik’s Cube, Australia’s real strategic settings are dangerously adrift, which appears to be exactly how Albo’s cowards

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MacroBusiness Tuesday, August 26, 2025 - 13:00 Source

The state of Victoria has the highest unemployment rate in the nation. As illustrated below by Alex Joiner from IFM Investors, Victoria’s unemployment rate was 4.55% in July, 0.32% above the weighted average of the rest of the nation. The next chart from CBA plots trend unemployment rates across the states and shows that Victoria’s

The post Victoria: the unemployed state appeared first on MacroBusiness.

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Renew Economy Tuesday, August 26, 2025 - 13:00 Source
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MacroBusiness Tuesday, August 26, 2025 - 12:30 Source

The Australian government has cancelled the use of the word “immigration” internally, including at supposedly “independent” entities such as the RBA and PC. Now the government is wasting taxpayer dollars trying to eliminate the word from media coverage. A nice juxtaposition comes from the US today, where democracy still exists, and the US government is

The post How grownups discuss immigration and the economy appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 26, 2025 - 12:00 Source

This deal is the worst-case scenario for Aussie gas: The Abu Dhabi National Oil Company’s international investment arm and its partners were given a second extension on Monday to continue conducting exclusive due diligence of Adelaide-based energy giant Santos – more than two months after their non-binding takeover agreement was reached in June. Santos has

The post Crush the Santos takeover appeared first on MacroBusiness.

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Your Democracy Tuesday, August 26, 2025 - 11:52 Source

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MacroBusiness Tuesday, August 26, 2025 - 11:30 Source

The Australian Bureau of Statistics’ (ABS) attempted censorship of the migration debate, explained in detail here and here, received support from ABC’s Media Watch, which attacked so-called ‘right-wing’ media outlets for raising alarm at the astronomical numbers of net migrants landing in Australia, which are higher than anything Australia experienced before the pandemic. An extract

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MacroBusiness Tuesday, August 26, 2025 - 11:00 Source

The Market Ear on the bubble. Hold your shorts GS US Equity Sentiment Indicator of investor positioning continues to be a mystery. Do not short until this one is positive 1 sigma again. Source: Goldman Only half a sigma The Deutsche Bank “consolidated equity positioning” indicator still has plenty of room to reach levels associated

The post This is not how a bubble bursts appeared first on MacroBusiness.

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Your Democracy Tuesday, August 26, 2025 - 10:45 Source

It is not surprising that the FRENCH media France 24 does not give a hoot about the Russians. For this torchon [RAG] de media digital, ZELENSKY is god whose demands are sacrosanct… Zelensky wants to meet VLADIMIR PUTIN mano a mano. The French media reports SAINT Zelensky’s demands are GOSPEL and swallows HIS explanation that Putin does EVERYTHING to AVOID talking face to face. 

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MacroBusiness Tuesday, August 26, 2025 - 10:30 Source

A key reason for the decline in Australia’s productivity and living standards is that the country has grown rapidly through mass immigration. World Bank data presented below shows that Australia’s population increased by 45% (circa 8.5 million) in the first 25 years of this century, the strongest growth in the advanced world. However, Australia has

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Renew Economy Tuesday, August 26, 2025 - 10:23 Source
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MacroBusiness Tuesday, August 26, 2025 - 10:00 Source

Everybody celebrate! Yahoo. Shanghai, the commercial and financial hub of mainland China, has further relaxed its home purchase policy, following Beijing’s lead to rejuvenate the nation’s sluggish property market. Local residents could now own an unlimited number of flats outside the city’s outer ring road, an area where two-thirds of Shanghai’s housing is located, municipality authorities said

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MacroBusiness Tuesday, August 26, 2025 - 09:30 Source

Below is another brilliant guest post from MB reader Erin Rolandsen, CEO of Angelassist: It is rare, as a writer, that I ever venture beyond the comfortable veil of the third person. But the enthusiastic response to my recent article on Performative Democracy has compelled me to set aside convention. Many readers urged me to

The post A modest proposal to end the charade of performative democracy appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 26, 2025 - 09:00 Source

Risk markets are having second thoughts about the dovish mood at the Federal Reserve with the USD taking back nearly half of its losses from Friday night, especially against Euro but this is being led mainly by French political problems. It was more hawkish comments from other Fed members that is seeing Yen, Pound Sterling

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 26, 2025 - 08:00 Source

The Albanese government announced that it will bring forward its 5% home deposit scheme for first home buyers by three months. Under the scheme, the government will guarantee 15% of the purchase price so that applicants can avoid paying lenders’ mortgage insurance. Previous income limits on eligibility will be removed from October, whereas the scheme’s

The post Labor lights match under house prices appeared first on MacroBusiness.

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Renew Economy Tuesday, August 26, 2025 - 07:38 Source
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MacroBusiness Tuesday, August 26, 2025 - 00:05 Source

Recently, the issue of how migration is measured has exploded into the headlines, with several media outlets and other organisations, including 2GB, the Daily Mail, the Institute of Public Affairs and Macrobusiness, receiving correspondence from the ABS on the issue. To quote from Leith’s article on this from last week: On Wednesday evening, I received

The post We need to talk about migration appeared first on MacroBusiness.

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Renew Economy Tuesday, August 26, 2025 - 00:01 Source
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