John Quiggin
Monday, July 28, 2025 - 10:03
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Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. |
MacroBusiness
Monday, July 28, 2025 - 10:00
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Last week, the Centre for Independent Studies (CIS) released a stunning analysis showing that spending by federal and state governments on initiatives such as the NDIS, aged care, and child care has reached its highest level since World War II. Total spending on the NDIS, disability support pensions, and carer payments now exceeds $90 billion The post If you want a job, work for the government appeared first on MacroBusiness. |
xkcd.com
Monday, July 28, 2025 - 10:00
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Renew Economy
Monday, July 28, 2025 - 09:48
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MacroBusiness
Monday, July 28, 2025 - 09:30
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Domain released its Q2 house price report last week, which showed that the median Sydney house was valued at an extraordinary $1,722,443 at the end of June, up 2.6% over the quarter and 4.2% year-on-year. This was the fastest quarterly rise in two years and the third straight gain in median house prices. Sydney unit The post Sydney’s cruel housing market appeared first on MacroBusiness. |
The Tally Room
Monday, July 28, 2025 - 09:30
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Now that the Parliament has officially opened for its first sitting after the federal election, we’re off to the races with redrawing the electoral map for the next federal election, expected in 2028. No rest for the wicked. |
Your Democracy
Monday, July 28, 2025 - 09:14
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MOSCOW (Sputnik) - The United States and the European Union have agreed on a new trade deal, which envisages, among other things, a zero tariff on US imports to the European markets and a 15% baseline tariff on all EU goods coming to the US, including cars, US President Donald Trump said on Sunday. |
MacroBusiness
Monday, July 28, 2025 - 09:00
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Despite a dreadful durable goods order print on Friday night, Wall Street still pushed to new record highs as earnings are coming in solid as expected, helped by buybacks and the “Big Beautiful Bill” spending. Other risk markets were not so easily convinced with European shares falling back while the USD climbed to a two The post Macro Morning appeared first on MacroBusiness. |
MacroBusiness
Monday, July 28, 2025 - 08:30
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DXY was up Friday but will be down today as Trump strikes a tariff deal with Europe at 15% tariff. Bloomberg. Von der Leyen and Trump also differed on some of the key terms of the deal they announced. The US president said the tariff level would apply to “automobiles and everything else,” but not The post Australian dollar rocket refueled in Europe appeared first on MacroBusiness. |
Your Democracy
Monday, July 28, 2025 - 08:10
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The United Kingdom could resort to military force against China in the event of an escalation over Taiwan, British Defense Secretary John Healey has said, though he emphasized that London continues to prefer a diplomatic resolution. |
Your Democracy
Monday, July 28, 2025 - 07:22
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David Milne is an Aberdeenshire local who lives beside Trump's golf course. He won a bitter battle to stop Trump kicking him out his home and famously raised a Mexican flag above the course during the President's last visit. Martin Ford was a councillor at the time and drew the future President's ire by casting the deciding vote to block his course getting built there. |
Renew Economy
Monday, July 28, 2025 - 06:18
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Your Democracy
Monday, July 28, 2025 - 05:55
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Israel’s key enablers, the G7, plus Australia and New Zealand, have succeeded in muscling Israel back onto the invite list for the commemorations in Nagasaki on 9 August. Last year Israel was excluded, triggering a refusal by these countries to attend in 2024. Does the ‘personal’ invitation that Nagasaki has just sent to Israel represent a triumph of Western diplomacy or a sick joke?
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Your Democracy
Monday, July 28, 2025 - 05:31
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Nvidia’s CEO, Jensen Huang, says the chipmaker has won approval from the Trump administration to sell its advanced computer chips used to develop artificial intelligence to China. |
Your Democracy
Monday, July 28, 2025 - 04:44
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FBI Deputy Director Dan Bongino boldly declared Saturday that he made recent discoveries about government corruption and weaponization that shocked him down to the core. Without elaborating on what he found out, Bongino teased that investigations into those discoveries are ongoing and being done “by the book.” |
MacroBusiness
Monday, July 28, 2025 - 00:05
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A wise man once said that “Hope is not a strategy.” But that isn’t entirely correct. As the chart below of historic Reserve Bank wage growth forecasts reveals, hope can be a strategy; it’s just not a particularly good one. The latest hope from the Reserve Bank is that the market economy can generate sufficient The post Reserve Bank is betting Australia’s economy on hope appeared first on MacroBusiness. |
Renew Economy
Monday, July 28, 2025 - 00:02
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THE BLOT REPORT
Sunday, July 27, 2025 - 22:03
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I was wading through some of the facebook posts I received after a day or so of doing other stuff, and I came across a meme that stated that the idiotic antivaxxer who is Secretary of the US Department of Health and Human Service, Robert F. Kennedy Jr, has now turned his attention to ‘chemtrails’1. |
Your Democracy
Sunday, July 27, 2025 - 21:13
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Soviet Star Trek IV: The Wrath of Elon Musk (AI Trailer) https://www.youtube.com/watch?v=jVZqh_DnAj8 The fourth instalment in the cursed Soviet Trek Series. A prequel of sorts!
YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.
Gus Leonisky |
Renew Economy
Sunday, July 27, 2025 - 18:23
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Your Democracy
Sunday, July 27, 2025 - 17:58
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In this powerful and eye-opening talk, Professor Jeffrey Sachs breaks down the core of U.S. foreign policy through the lens of imperial dominance. Sachs argues that the United States views countries like Russia and China as threats—not because of ideology or aggression, but because they are large, successful, and challenge American global supremacy.
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George Monbiot
Sunday, July 27, 2025 - 17:55
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The government’s proposed new rules will allow a flood of toxic chemicals to be sold in the UK. By George Monbiot, published in the Guardian 23rd July 2025 It’s what the extreme right of the Tory party wanted from Brexit: to tear down crucial public protections, including those that defend us from the most brutal and dangerous forms of capital. The Conservatives lost office before they were able to do their worst. But never mind, because Labour has now picked up the baton. |
John Quiggin
Sunday, July 27, 2025 - 17:25
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… as long as they are healthy, well fed and well educated Much of the panic about falling birth rates can be dispelled once we realise that (barring catastrophe) there will almost certainly be more people alive in 2100 than there were in 2000. But what about the distant future? Dean Spears, co-author of After the Spike has kindly provided me with projections showing that with likely declines in fertility the world population will decline by half each century after 2100, reaching one billion around 2400. Would that be too few to sustain a modern civilisation ? |
MacroBusiness
Sunday, July 27, 2025 - 16:00
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By Lucinda Jerogin, Associate Economist at CBA The Minutes of the July RBA Monetary Policy Board Meeting re-enforced a cautious Board who wanted to wait and see quarterly inflation data before resuming its rate-cutting cycle. News offshore was dominated by trade headlines as nations worked to secure deals with the US before the August 1 The post The economic week ahead appeared first on MacroBusiness. |
Renew Economy
Sunday, July 27, 2025 - 14:13
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MacroBusiness
Sunday, July 27, 2025 - 09:30
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Public submissions to the Governments Productivity Roundtable closed yesterday. All that is left for the public to consider are the outcomes. Ultimately the Productivity Round Table is unlikely to achieve all that much because it isn’t set up to achieve anything, and is set up to provide a spectacle in lieu of effective policy. Therein lay The post Australia must get serious on productivity appeared first on MacroBusiness. |
MacroBusiness
Sunday, July 27, 2025 - 09:06
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Australian home values reached a new record high in June and are expected to continue growing. The single-best leading indicator of price growth—auction clearance rates—has bounced, suggesting buyer demand is increasing. As illustrated below, final auction clearance rates are tracking at their highest levels in more than a year across Sydney, Melbourne, and the combined |
Your Democracy
Sunday, July 27, 2025 - 07:48
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China is dumping US Treasuries at great speed as the US continues to overextend itself and weaponising the dollar. Stealing Russian assets was a historic mistake… 375,300 views… Not bad… |
MacroBusiness
Sunday, July 27, 2025 - 07:15
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Ah, The Guardian, home of hypocrisy. Mark Humphries has moved house five times in the past seven years. First was the place in the Sydney suburb of Turramurra he had to vacate because it was, “forgive me for saying this – leaking like a giant breast from the ceiling”. Next came a house so damp, The post Sold! Just another millennial housing phony appeared first on MacroBusiness. |
Renew Economy
Sunday, July 27, 2025 - 07:12
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