Blogotariat

Two major environment groups have called for all major parties to commit to phasing out coal, oil and protecting nature.

The panic is on. “Economists” are backflipping on interest rates. Hoocoodanode? The poll found 29 out of 40 economists forecast the cash rate to fall by a quarter of a percentage point to 3.85 per cent in May. ANZ, Barrenjoey, and HSBC brought forward their timing after the US president unveiled aggressive tariffs on trading

The post Lunatic RBA to cut 50bps? appeared first on MacroBusiness.

Blood in the streets. The Market Ear. $5 trillion gone The S&P 500 saw its worst two-day plunge since March 2020 in a sellof that slashed over $5 trillion in value. Source: Econovis 2nd worst ever The Nasdaq Composite is now down 19% year-to-date for its 2nd worst start to a year (through 64 trading

The post Blood in the streets appeared first on MacroBusiness.

The Federal Chamber of Automotive Industries (FCAI) released new car sales data for March, which revealed that 108,606 new cars were delivered during the month, and a total of 1,206,558 were delivered over the year. Annual new car sales declined by 0.9% over the year, with the market continuing to trend downward since peaking in

The post EV sales crash back to earth appeared first on MacroBusiness.

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.

A Dutton-led Coalition government would ‘slash’ international student numbers by around 25% if elected. Speaking in the outer suburbs of Melbourne on Sunday morning, Peter Dutton said that the international student intakes at universities and VET would be cut by 80,000 under the Coalition, which he said would free up housing and ease the rental

The post The right way to cut international student numbers appeared first on MacroBusiness.

British Prime Minister Keir Starmer will deliver a speech on Monday acknowledging that the era of globalization has come to an end, The Times has reported.

Starmer will make the address in response to US President Donald Trump imposing sweeping tariffs on the majority of America’s trading partners, including the UK, earlier this week, according to the article on Sunday.

The Trump administration’s “Liberation Day” retaliatory tariffs have slapped tariffs of 10% to 48% on US trading partners. The tariffs are expected to drive the US’ effective tariff rate to its highest level in more than a century. Global stock markets fell sharply following the announcement of tariffs on Wednesday, US time. The US markets

The post Trump tariffs to crash Aussie interest rates appeared first on MacroBusiness.

Merchant.adventurers.of.london · DeepTGman April5   In this podcast discussion Deep T goes over the impacts and implications of the new tariff regime US President Trump unveiled during the week and how the Australian economy is likely to experience that.  The discussion looks at the the near absence of meaningful economic policy discussion during an Australian

The post MB Radio: Deep T & G Man April 5 appeared first on MacroBusiness.

The Hungarian prime minister said the EU Commission's call for people to prepare a 72-hour emergency kit was scary. "What's on these people's minds? Are they up to something?" the politician lamented, speaking on public radio.

Hungarian Prime Minister Viktor Orbán was the first national leader to react to the EU Commission's advice for people to prepare a 72-hour survival kit for emergency situations.

Having written two celebrated books on fascism in the 20th century, Jewish-American scholar John Stanley draws direct parallels with the second Donald Trump presidency.

"Fascism is what the Trump administration is now doing," he told DW of the president's second term in office.

As almost everyone who can read knows, the Mango Mussolini has inflicted tariffs on numerous countries around the world. However, several of the tariffs have been aimed at places with no trading relationship with the United States., two of which are Heard Island and the McDonald Islands1.

Donald Trump is trying to slash his nation’s trade deficit. Australians may recognise this task: we tackled it in the late 1980s, failed, and found that it mattered less than we thought. 

Hello, US readers! You’ve just started an interesting economic experiment to see whether government policy can change a trade deficit into a trade surplus.

My bet: you will find, just as Australians did, that the answer is “no”. Most people find it hard to think about trade in a very organised way, and end up doing things that have effects they didn’t expect. Effects like recessions..