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MacroBusiness Thursday, March 20, 2025 - 13:37 Source

ABS Labour Force today was OK at the headline level but sucked underneath. In seasonally adjusted terms, in February 2025: unemployment rate remained at 4.1%. participation rate decreased to 66.8%. employment decreased to 14,513,200. employment to population ratio decreased to 64.1%. underemployment rate decreased to 5.9%. monthly hours worked decreased to 1,973 million. full-time employment

The post Jobs market stalls appeared first on MacroBusiness.

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MacroBusiness Thursday, March 20, 2025 - 13:30 Source

Deloitte Access Economics has forecast that the federal budget will spend $99 billion off-budget over the next four years, with off-budget spending referring to when governments label spending as an investment rather than an expense. Deloitte Access Economics’ prediction represents a $10 billion increase on the December Mid-Year Economic and Fiscal Outlook (MYEFO), due to

The post Labor hides federal budget deficits appeared first on MacroBusiness.

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Renew Economy Thursday, March 20, 2025 - 12:58 Source
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Renew Economy Thursday, March 20, 2025 - 12:53 Source

valley of the winds landscape

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MacroBusiness Thursday, March 20, 2025 - 12:05 Source

Markets took a tumble this month. During downturns there are plenty of mistakes that investors make and things that they should be doing. Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen dive into the most common mistakes and things you should be doing in your portfolio. Can’t make it to the

The post MB Fund Podcast: Mistakes Investors Make During Downturns appeared first on MacroBusiness.

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MacroBusiness Thursday, March 20, 2025 - 11:30 Source

And now for a dose of European exceptionalism! The Market Ear. The Old Country is now the new hot darling Everything is going Europe’s way right now. Stocks are outperforming, inflows have just started, there are macro green-shoots and valuations are still cheap. Let’s once again revisit the new darling macro case that is Europe.

The post And now for a dose of European exceptionalism appeared first on MacroBusiness.

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Cheeseburger Gothic Thursday, March 20, 2025 - 11:22 Source

I sent a manuscript off yesterday, which was good, and I would’ve liked to have swung into another one today. Probably the edits on the last of the Cruel Stars novels. But I have an army of tradesmen heading my way. Some of it is cyclone-related. Guys coming out to do insurance work. And some of it is just kitchen maintenance. We’re replacing the oven after 20 years and the dishwasher after 5 or 6, which seems to be about as long as a dishwasher lasts these days. So I'm in my office downstairs, but I've got one ear trained on the front gate. And I don't think this is going to be my most productive day ever.

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MacroBusiness Thursday, March 20, 2025 - 11:00 Source

The Albanese government has set a fantastical target of building 1.2 million homes over five years. To meet this target, Australia would need to build many shoebox apartments. New South Wales and Victoria have introduced planning reforms allowing the blanket construction of high-rise towers across Sydney and Melbourne activity centres. The widespread push for density

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MacroBusiness Thursday, March 20, 2025 - 10:30 Source

Australian housing affordability is at an all-time low. At the end of 2024, the percentage of income necessary to satisfy median-sized mortgage repayments reached a record high of 50.6%. Rental affordability also dropped to a new low, making it tougher for first-time buyers to save a deposit. Prior to last month’s 0.25% interest rate reduction

The post Australian homebuyers embrace ‘forever mortgages’ appeared first on MacroBusiness.

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MacroBusiness Thursday, March 20, 2025 - 10:00 Source

It’s a triumph! Australia’s energy shortages have been resolved. Except when you look at how. From the AEMO. Shortfall risks under peak conditions are forecast in southern Australia from 2028, later than forecast in the 2024 GSOO due to expected falls in residential, commercial and industrial consumption of gas, and the delayed retirement of Eraring

The post Only Donald Trump can save Australian energy appeared first on MacroBusiness.

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MacroBusiness Thursday, March 20, 2025 - 09:37 Source

DXY and EUR stable. AUD downish. Lead boots are made for walking. Gold has entered some kind of new up smash. Copper doom is here thanks to Goldman. Meh everything else. Big miners meh. EM maybe. Credit surged. Oh dear. Yields down. Stocks up. Is it a sort of Fed put? UBS. Dare anyone say

The post Australian dollar enjoys Fed put appeared first on MacroBusiness.

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Renew Economy Thursday, March 20, 2025 - 09:36 Source
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The Tally Room Thursday, March 20, 2025 - 09:30 Source

We are now less than two months away from the last possible date for the 2025 Australian federal election, so it seemed to be about time to take down the paywall around my federal election guide. But I am also launching another election guide behind the paywall, my first for 2026.

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Renew Economy Thursday, March 20, 2025 - 09:02 Source
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Renew Economy Thursday, March 20, 2025 - 08:19 Source
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MacroBusiness Thursday, March 20, 2025 - 07:00 Source

Last month, the Australian Bureau of Statistics (ABS) released the Q4 2024 wage price index, which increased 0.7% for the quarter and 3.2% year on year. The 0.7% quarterly increase was the equal-lowest growth rate since Q1 2022, while the 3.2% annual increase was the lowest since Q3 2022. Real wages deflated by headline CPI

The post Wage inflation eases as job market fades appeared first on MacroBusiness.

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Your Democracy Thursday, March 20, 2025 - 05:53 Source

Let’s restore the trust in China that we once enjoyed. This was the key message I presented to an online forum titled Does China Threaten Australia’s Peace and Security hosted by the Australian Peace and Security Forum on 18 March. Following is a condensed version of my talk.

 

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Your Democracy Thursday, March 20, 2025 - 05:29 Source

Russian President Vladimir Putin and his US counterpart, Donald Trump, trust each other, Kremlin spokesman Dmitry Peskov has said regarding the two leaders’ phone conversation on Tuesday.

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MacroBusiness Wednesday, March 19, 2025 - 17:30 Source

Uncertainty has returned for stock markets here in Asia in response to the stumbles on Wall Street overnight with local stocks ending up lower. The USD is trying to fight back as it remains weak against Euro and Pound Sterling although the BOJ hold today helped it keep Yen lower this afternoon, as traders await

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Wednesday, March 19, 2025 - 17:07 Source
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Renew Economy Wednesday, March 19, 2025 - 16:08 Source
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Renew Economy Wednesday, March 19, 2025 - 15:46 Source
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Renew Economy Wednesday, March 19, 2025 - 15:22 Source
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MacroBusiness Wednesday, March 19, 2025 - 14:00 Source

The Reserve Bank of New Zealand’s 1.75% reduction in the official cash rate has finally stimulated an upswing in New Zealand house prices. The Real Estate Institute of New Zealand’s (REINZ) House Price Index jumped by 1.4% in February to be 0.5% higher over the quarter. Over the year, New Zealand home prices were down

The post Reserve Bank drives house price rebound appeared first on MacroBusiness.

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Renew Economy Wednesday, March 19, 2025 - 13:44 Source

Anthony Albanese at the National Press Club, Canberra.</body></html>

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Your Democracy Wednesday, March 19, 2025 - 13:37 Source

With Donald Trump’s return to the presidency, the United States has attempted to reshape its global image from a disrupter to a peacemaker. However, this transformation appears to be an illusion masking long-standing hegemonic ambitions.

 

A Great Illusion   BY Abbas Hashemite

 

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MacroBusiness Wednesday, March 19, 2025 - 13:30 Source

Long-term readers of MB will recall Martin “Parko” Parkinson, the roaring hypocrite who spent much of his time whining about poor productivity in various senior roles while making it much worse himself. Today he returns to lord it over us all with lies. Former top public servant Martin Parkinson has warned Labor and the Coalition

The post Go back to your sinecure, Parko appeared first on MacroBusiness.

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Renew Economy Wednesday, March 19, 2025 - 13:12 Source
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MacroBusiness Wednesday, March 19, 2025 - 13:00 Source

Treasurer Jim Chalmers addressed the Queensland Media Club on Tuesday, where he was asked about Labor’s promise before the last election to cut household electricity bills by $275 by 2025. Chalmers admitted that it would not be met. “The number that you’re referring to, which we all used on a number of occasions, was a

The post Jim Chalmers admits Labor lied on energy costs appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 19, 2025 - 12:30 Source

Via Roy Morgan. In February 2025, Australian ‘real’ unemployment increased 214,000 to 1,834,000 (up 1.4% to 11.5% of the workforce) with significantly more people looking for work. The driver of this increase in unemployment were the large falls in full-time employment, down 273,000 to 9,356,000, and a drop in part-time employment, down 99,000 to 4,767,000,

The post Roy Morgan unemployment spikes appeared first on MacroBusiness.

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