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MacroBusiness Sunday, June 22, 2025 - 09:37 Source

By Harry Ottley, Economist at CBA TheAustralian unemployment rate remained steady at 4.1% in May. Population growth in Australia continues to ease, with the annual rate down to 1.7% in Q4 24. News offshore was dominated by geopolitical events as Israel and Iran continued hostilities following initial Israeli strikes a week ago. The FOMC left

The post The economic week ahead appeared first on MacroBusiness.

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MacroBusiness Sunday, June 22, 2025 - 09:27 Source

Cotality’s preliminary auction report revealed that the national clearance rate was 73.9% this weekend, which is the highest preliminary result since July 2024. Melbourne recorded a preliminary clearance rate of 76.6%, which is the highest since May 2023. Sydney’s clearance rate of 73.5% was the city’s highest since the week ending 23 February 2025, following

The post Australian house prices soar into winter appeared first on MacroBusiness.

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Your Democracy Sunday, June 22, 2025 - 08:42 Source

Amalie Emmy Noether[a] (23 March 1882 – 14 April 1935) was a German mathematician who made many important contributions to abstract algebra.

 

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Your Democracy Sunday, June 22, 2025 - 06:59 Source
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THE BLOT REPORT Saturday, June 21, 2025 - 22:31 Source
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Your Democracy Saturday, June 21, 2025 - 20:34 Source

There are few differences between the lies told to ignite the war with Iraq and the lies told to ignite a war with Iran. The assessments of our intelligence agencies and international bodies are, as they were during the calls to invade Iraq, airily dismissed for hallucinations.

 

Chris Hedges: War Deja Vu

 

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Your Democracy Saturday, June 21, 2025 - 17:08 Source

Introducing our new columnist Fred Zhang, who brings you his take on the way the Australian media reports and/or mis- and under- reports on China.

Last week, we saw yet another masterclass in how News Corp reduces complex geopolitical realities into blunt instruments of fear.

 

Fred Zhang

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Your Democracy Saturday, June 21, 2025 - 16:53 Source

This is a report on what is most likely to happen in Iran, as early as this weekend, according to Israeli insiders and American officials I’ve relied upon for decades. It will entail heavy American bombing. I have vetted this report with a longtime US official in Washington, who told me that all will be “under control” if Iran’s Supreme Leader Ali Khamenei “departs.”

 

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Your Democracy Saturday, June 21, 2025 - 14:35 Source

Self-proclaimed ‘crown prince of Iran’ Reza Pahlavi has called for a “nationwide uprising,” but is a political zero with absolutely no shot at winning over ordinary Iranians, says prominent Tehran-based political analyst and commentator Mohammad Khatibi.

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MacroBusiness Saturday, June 21, 2025 - 09:00 Source

In this MacroBusiness podcast, Gunnamatta, banking insider Deep T, and Leith van Onselen unpack the latest productivity summit, Australia’s broken economic model, Australia’s energy policy failures, and other issues. Highlights: 0:00 Introduction 1:26 Why Australia’s productivity stinks 10:27 The economic Ponzi scheme 21:29 The economy is designed to fail 26:13 Australia should be the richest nation

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New Politics Saturday, June 21, 2025 - 08:00 Source

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New Politics Saturday, June 21, 2025 - 08:00 Source

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Your Democracy Saturday, June 21, 2025 - 07:46 Source

The last three and more years have seen the bloodiest war on European soil for the better part of 80 years.

With it has come rhetoric of disturbing belligerence and a military spending spree that has engulfed the whole of Europe.

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Your Democracy Saturday, June 21, 2025 - 07:19 Source

I am very pleased to be able to speak at today’s May Day and bring the revolutionary greetings of the Socialist Equality Party in Germany.

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Your Democracy Saturday, June 21, 2025 - 06:48 Source

President Trump said in a statement released by the White House on Thursday that he will make a decision on whether or not to directly enter the Israel-Iran war by launching airstrikes within two weeks.

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MacroBusiness Saturday, June 21, 2025 - 00:05 Source

International Reading: The RAND Corporation estimates that rich parasites have stolen $79 Trillion from workers and the public since 1975 – Rand Trump Attacks ‘American Disgrace’ Jerome Powell: ‘One of the Dumbest, and Most Destructive, People in Government’ – Mediate Social Security is on track to deplete its trust funds by 2034, one year sooner

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

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Your Democracy Friday, June 20, 2025 - 21:19 Source

The US would be making a serious mistake by attacking Iran, Kremlin spokesman Dmitry Peskov has told RT. Direct involvement in the conflict between the Islamic Republic and Israel would only worsen the situation in the region, he warned.

 

Kremlin comments on possible US strike on IranWashington’s military involvement would be the “wrong move,” Dmitry Peskov has told RT

 

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MacroBusiness Friday, June 20, 2025 - 17:58 Source

    AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225   …..and furthermore…..   East listening    

The post Macro Afternoon: 20 June 2025 appeared first on MacroBusiness.

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Renew Economy Friday, June 20, 2025 - 14:24 Source
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MacroBusiness Friday, June 20, 2025 - 14:00 Source

Cotality’s latest dwelling value results for New Zealand revealed that home values fell by 1.6% in the year to May to be 16.3% lower than their peak. As illustrated in the following chart from Cotality, home values have fallen heavily across all major markets. Separate data from the Real Estate Institute of New Zealand (REINZ),

The post New Zealand’s ‘big and beautiful’ property crash appeared first on MacroBusiness.

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Renew Economy Friday, June 20, 2025 - 13:31 Source
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MacroBusiness Friday, June 20, 2025 - 13:30 Source

Let’s do some more worrying, shall we. The Australian. The waning possibility of Anthony Albanese landing a face-to-face meeting with Donald Trump in coming weeks has sparked alarm from the Coalition and defence ­experts, who have raised concern about the two leaders not meeting before Washington’s controversial AUKUS review concludes and instead leaving the outcome

The post Want to meet Trump? Sack Rudd appeared first on MacroBusiness.

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Renew Economy Friday, June 20, 2025 - 13:08 Source
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MacroBusiness Friday, June 20, 2025 - 13:00 Source

The Association of Superannuation Funds of Australia’s (ASFA) latest modelling suggests that a couple who own their home now requires annual income of $73,875 to live comfortably in retirement. The figure for a single person who owns their home is $52,383. The analysis also shows that the cost of a comfortable retirement increased by 1.6% in

The post Why do retirees need more comfort than workers? appeared first on MacroBusiness.

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MacroBusiness Friday, June 20, 2025 - 12:30 Source

The Market Ear with the charts. AI or die Goldman’s AI winners basket hit a fresh all-time high, while AI-risk names dropped again. Source: GS/Bloomberg The pulse on tech Mag7 names now make up ~15% of US net exposure (up from ~11% in April), but still well below the ~21% peak in mid-2024. The L/S

The post Revenge of the Magnificent 7 appeared first on MacroBusiness.

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MacroBusiness Friday, June 20, 2025 - 12:00 Source

Thursday’s Q4 2024 population data from the Australian Bureau of Statistics (ABS) revealed that “natural increase” (i.e., the number of births minus deaths) fell to only 105,200 in 2024, close to the lowest level on record. There were 292,500 births in 2024, offset by 187,300 deaths, the latter of which have risen following the Covid-19

The post Having children is becoming a luxury appeared first on MacroBusiness.

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MacroBusiness Friday, June 20, 2025 - 11:30 Source

Even the cartel-loving AFR can’t come to grips with selling Santos to the UAE. The strategic rationale for the bid probably revolves around LNG and the bidder’s eagerness to capitalise on the expansive portfolio of projects Santos is developing not only in Australia but also South-East Asia and Alaska.  ADNOC has a minimal track record

The post Use UAE to crush gas cartel appeared first on MacroBusiness.

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Renew Economy Friday, June 20, 2025 - 11:06 Source
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MacroBusiness Friday, June 20, 2025 - 11:00 Source

Over the past week, we have seen multiple articles like the following from The West Australian complaining about the decline in housing affordability, which has left residents struggling to pay mortgages or rent. These articles are based on the latest Housing Affordability Report from the Bankwest Curtin Economics Centre, which blames a ‘lack of supply’

The post The root cause of the housing crisis appeared first on MacroBusiness.

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Renew Economy Friday, June 20, 2025 - 10:53 Source

Woodside Energy’s North West Shelf (NWS) gas project Western Australia

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