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MacroBusiness Tuesday, October 14, 2025 - 10:30 Source

The ferrous complex is not making much sense these days, which is in line with the increasingly drunk casino engulfing everything. Iron ore took off on the prospect of Chinese economic catastrophe, then reversed the moment it was averted. Steel just keeps grinding lower. CISA data for late September was terrible, down 8%, with a

The post Iron ore turns Casino Royale appeared first on MacroBusiness.

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Your Democracy Tuesday, October 14, 2025 - 10:27 Source

Colonel Jacques Baud criticizes Ukraine’s battlefield and political strategy, arguing that Kyiv continues to sacrifice troops through rigid positional warfare rather than adapting to Russian maneuver tactics. He explains that Russia focuses on destroying enemy forces, not capturing territory, often withdrawing strategically to lure Ukrainian troops into artillery traps — a pattern consistent since late 2022.

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Renew Economy Tuesday, October 14, 2025 - 10:11 Source
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MacroBusiness Tuesday, October 14, 2025 - 10:00 Source

Bureaucracy and waste are drowning the state of Victoria. Victoria’s wage bill was $19.5 billion in 2014-15. The most recent state budget projects that wage costs will reach roughly $44 billion by 2028-29. The massive blowout in bureaucratic headcount is behind Victoria’s gargantuan wage bill. Labor costs are the state’s biggest expense and a key

The post Private sector abandons broken Victoria appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 14, 2025 - 09:30 Source

The global stock market looks stretched at first glance—but the story is more nuanced once you dig beneath the surface. The perception of lofty valuations is being driven almost entirely by the very largest companies, while much of the rest of the market is priced closer to historical norms. Why the Market Looks Expensive Headline

The post Stock Market Looks Expensive? Blame the Giants appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 14, 2025 - 09:00 Source

Wall Street was able to rebound from the Friday night slump with all markets expected another TACO trade setup in the latest bruhaha with the Chinese over rare earth exports. Meanwhile the USD was able to rebound against some of the majors with gold soaring another 2% to above the $4100USD per ounce level while

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 14, 2025 - 06:48 Source

DXY is not going away. AUD bought the dip. CNY meh. Gold unhinged. AI metals likewise. Big bear bounced back. EM rollercoaster. Junk not buying it. Bonds bid bigly. BTFDUC! Who cna work out what means? Welcome to Trump world. A casino so unhinged that divining the movement of assets is the same as spinning

The post Australian dollar’s golden moon shot appeared first on MacroBusiness.

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Your Democracy Tuesday, October 14, 2025 - 06:31 Source

Yesterday the Government made some key changes to its superannuation tax scheme, after struggling to get the plan through the Senate. Paul Keating says the changes restore confidence in the retirement savings system.

 

Paul Keating

Keating welcomes changes to taxation of super

 

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Your Democracy Tuesday, October 14, 2025 - 05:59 Source

The US could attempt to assassinate Venezuelan President Nicolas Maduro after declaring him a drug lord and a terrorist, Politico has reported, citing informed sources.

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Your Democracy Tuesday, October 14, 2025 - 05:07 Source

It wasn’t expected, but the advocates of generalized war, the Straussians, expelled from the governing bodies of the United States, have regrouped in intergovernmental organizations. To everyone’s surprise, they are present in the European Union, but especially at the United Nations and in the Contact Group on the Defense of Ukraine. Institutions dedicated to peace have been hijacked by the warmongers.

 

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MacroBusiness Tuesday, October 14, 2025 - 00:05 Source

Domain reported that the cost of renting a median Sydney home hit a record high in September. As illustrated below, the median weekly Sydney house rent was $780 in the September quarter of 2025, up $240 (44%) from $540 in the September quarter of 2020. The median Sydney unit rent was $750 in the September

The post Housing hunger games creates misery for Sydney renters appeared first on MacroBusiness.

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Cheeseburger Gothic Monday, October 13, 2025 - 18:16 Source

Hey. It’s me, JB, apologising for clogging up your inbox if this means nothing to you, but… if you’ve been waiting until World War 3.2 appeared on Kindle Unlimited so you can read it for ‘free’ (whereby ‘free’ I mean you agree to give Jeff Bezos your credit card number and possibly some of your DNA every month)… your time is here.

WW 3.2 is now on Kindle Unlimited.

You can get it here.

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Renew Economy Monday, October 13, 2025 - 17:03 Source
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MacroBusiness Monday, October 13, 2025 - 16:47 Source

Swan Bay sunrise     AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 Vids   https://www.youtube.com/live/k78oGXBaEK8?si=VwI4algv675-3i4D    

The post Macro Afternoon: 13 October 2025 appeared first on MacroBusiness.

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Renew Economy Monday, October 13, 2025 - 15:22 Source
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Renew Economy Monday, October 13, 2025 - 14:44 Source
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Renew Economy Monday, October 13, 2025 - 14:21 Source
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MacroBusiness Monday, October 13, 2025 - 14:14 Source

The Albanese government has responded to widespread concerns and dumped its proposal to tax unrealised gains on superannuation balances of above $3 million without indexation. Instead, Treasurer Jim Chalmers announced the following significant changes to the Division 296 extra tax on superannuation balances: The tax will no longer apply to unrealised gains. This was poorly designed

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MacroBusiness Monday, October 13, 2025 - 14:00 Source

Roy Morgan has released its labour force estimates for September, which reported a solid decline in both unemployment and underemployment. According to Roy Morgan, unemployment decreased by 37,000 to 1,739,000 (down 0.3% to 10.8% of the workforce) while under-employment dropped 243,000 to 1,499,000 (down 1.6% to 9.3%). However, as illustrated below, both unemployment and underemployment

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THE BLOT REPORT Monday, October 13, 2025 - 13:55 Source

Everyone knows that politicians and their supporters lie. Not long after I began this blog in early 2017, I wrote a piece about how politicians lie and I gave some examples of the different types of lying. They include such types as barefaced lies, butler lies, coverups, lying by omission, false advertising and several others1.

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MacroBusiness Monday, October 13, 2025 - 13:30 Source

Michael Hartnett at BofA has good news for Australia. Zeitgeist:“Having lunch with X and he is asking should he invest in physical gold or silver or is it too late as his wine investments have been tanking?”–brother-in-law. The Price is Right: price action since Fed cut good for cash-needy not-for-profit tech(XBI, ARKK), bad for rate-sensitive

The post Australia rushes towards golden 1890s appeared first on MacroBusiness.

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MacroBusiness Monday, October 13, 2025 - 13:00 Source

Update: Treasurer Jim Chalmers announced this afternoon that Labor has dumped its unrealised superannuation tax proposal, as well as made several other worthwhile changes. A full breakdown of these changes is available here. Original article below: ———————————————————————————————– The head of Treasury’s revenue group, Diane Brown, has told Senate estimates that the Prime Minister’s office had

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MacroBusiness Monday, October 13, 2025 - 12:30 Source

Not that it was ever really a serious push, and paltry efforts make for paltry returns. Golden Week sales are in and pfft. Domestic interregional passenger travel rose 6.2% year over year but major merchants’ and caterers’ retail sales gained just 2.7% year over year. This is still down 2.6% versus pre-COVID. Overall, Golden Week

The post China’s consumer push fails appeared first on MacroBusiness.

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Cheeseburger Gothic Monday, October 13, 2025 - 12:02 Source

I just spent a very satisfying hour entering every verified instance of Anthropic stealing my books to train their AI into the official settlement claim site. Not so satisfying? I only had five claims to make because my useless publishers didn’t register the copyright of most of my books.

I have no idea what sort of payout I’ll get, but the early reports are talking about a couple of grand for each title. Some peeps are holding out for more, but of course, doing that risks getting nothing.

So I’mma just take my windfall now and walk away, I reckon.

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MacroBusiness Monday, October 13, 2025 - 12:00 Source

Last week, Reserve Bank of Australia (RBA) governor Michele Bullock was grilled by Greens senator Nick McKim about the RBA’s role in the housing crisis. “The $400 billion that the RBA printed in the early year or two of COVID and effectively handed over to retail banks, who then turn around and lend it into

The post RBA not to blame for housing crisis appeared first on MacroBusiness.

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Renew Economy Monday, October 13, 2025 - 11:59 Source
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Renew Economy Monday, October 13, 2025 - 11:52 Source
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MacroBusiness Monday, October 13, 2025 - 11:30 Source

From the Market Ear: Here we go SPX trading below trend channel lows for the first time since the latest bull started. Note we are below the 21 day. 50 day comes in at 6600 (futures). We outlined the fading momentum earlier this week, but first let’s see how this closes today. NASDAQ technicals NASDAQ

The post Volatility monster awakens, leverage bites, bulls bleed appeared first on MacroBusiness.

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Your Democracy Monday, October 13, 2025 - 11:12 Source

As he boarded the night train to Ukraine, Boris Johnson had the usual entourage of aides and bodyguards – plus the man who had given him £1m.

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MacroBusiness Monday, October 13, 2025 - 11:00 Source

The Queensland government has significantly undermined the Albanese government’s ambitious 62% to 70% emissions reduction target by 2035 by extending the lifespan of the state’s coal-fired generation until the mid-2040s or later. Queensland Treasurer and Energy Minister David Janetzki released the Liberal National Party government’s five-year energy road map on Friday. It called for the

The post Queensland abandons ‘net zero’ appeared first on MacroBusiness.

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