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MacroBusiness Tuesday, May 13, 2025 - 08:00 Source

Melbourne’s population has expanded by around 2 million people this century. Melbourne’s population is projected to grow by another 3.5 million during the next 31 years, reaching 9.0 million by 2056. This implies that Melbourne will add 5.5 million people in just 56 years. All Melburnians have felt the negative consequences of this population explosion.

The post Melbourne’s transformation into Hellbourne appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 13, 2025 - 00:05 Source

The most recent Household Income and Labour Dynamics in Australia (HILDA) survey from the University of Melbourne and the Melbourne Institute revealed a growing wealth discrepancy across the country. As illustrated below, older Australians’ wealth has increased the most over the past two decades. Australians aged 75 and over saw the greatest percentage rise in

The post Australian economy punishes younger Australians appeared first on MacroBusiness.

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Renew Economy Monday, May 12, 2025 - 20:44 Source
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George Monbiot Monday, May 12, 2025 - 17:17 Source

Dartmoor National Park is not dying; it is being killed, and these are the killers.

By George Monbiot, adapted from a Bluesky thread, 11th May 2025.

This is Piles Copse, the largest remaining fragment of high-ground temperate rainforest on Dartmoor. It’s a tiny speck of green in a dismal, human-made desert. Prepare yourselves for a story of breathtaking perversity.

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Renew Economy Monday, May 12, 2025 - 17:05 Source
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Cheeseburger Gothic Monday, May 12, 2025 - 16:54 Source

Those of you paying attention might recall I set my kitchen on fire about a year ago, or at least I set the roast pork loin in the oven on fire… somehow. We finally had the oven replaced last week, and having a baker in the house meant that the first thing out of it were these amazing cinnamon scrolls.

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MacroBusiness Monday, May 12, 2025 - 16:35 Source

    AUD/USD     EUR/USD     USD/JPY     GBP/USD     Gold     WTI     Brent     Australia 200     US S&P 500     UK 100     Japan 225       Easy Listening          

The post Macro Afternoon: 12 May 2025 appeared first on MacroBusiness.

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The Tally Room Monday, May 12, 2025 - 15:20 Source

Ben was joined by Kevin Bonham to run through the close seats and the Senate race that have dragged out, one week after the election.

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Renew Economy Monday, May 12, 2025 - 15:02 Source
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Renew Economy Monday, May 12, 2025 - 14:53 Source
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Renew Economy Monday, May 12, 2025 - 14:08 Source
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MacroBusiness Monday, May 12, 2025 - 14:00 Source

Global oil prices fell to around $US60 per barrel last week after peaking above $US80 earlier this year and holding above $US70 just before “Liberation Day”. The oil price was down by around 25% from the previous year and was half the towering peaks achieved in early 2022. The downturn reflects fears about the global

The post Plunging oil prices to drive interest rates lower appeared first on MacroBusiness.

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George Monbiot Monday, May 12, 2025 - 13:52 Source

The cottagecore, romantic path to starvation and environmental breakdown.

By George Monbiot, published in the Guardian 7th May 2025

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Renew Economy Monday, May 12, 2025 - 13:39 Source
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MacroBusiness Monday, May 12, 2025 - 13:30 Source

Goldman with the note. Our Thoughts on USD, CNY, USD/Asia, JPY, GBP, CHF, RON & Globa Asset Reallocation USD: Smile, big and wide. There are two themes running through macromarkets. First, and a bit more structurally, investors are conscious that the resilience in hard data thus far is not surprising, but still believe it will

The post Australian dollar rocket turns fake appeared first on MacroBusiness.

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Renew Economy Monday, May 12, 2025 - 13:27 Source
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MacroBusiness Monday, May 12, 2025 - 13:00 Source

Here it is. Australia’s Magnificent One. Considered by the market to have better growth prospects than Apple, Alphabet and NVIDIA, and fast catching Microsoft. The CBA’s spectacular rise as the Maginficant One is out of step with its sector. And has no basis in its operational performance. My best guess is the CBA is enjoying

The post The Magnificent One appeared first on MacroBusiness.

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MacroBusiness Monday, May 12, 2025 - 12:30 Source

China data over the weekend should encourage nobody. Goldman. China’s export growth remained solid in April despite the implementation of US reciprocal tariffs, significantly above the consensus expectations, and import growth also surprised to the upside (exports: +8.1% yoy, imports: -0.2% yoy). The resilient export growth was partly due to a low base last year.

The post China chunders deflation worldwide appeared first on MacroBusiness.

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MacroBusiness Monday, May 12, 2025 - 12:00 Source

Australian households have suffered one of the largest declines in real disposable incomes in the developed world. The Q4 2024 national accounts from the Australian Bureau of Statistics (ABS) showed that real per capita household disposable income had declined by around 8% from its mid-2022 peak, the sharpest decline on record. The ABS released its

The post What’s behind the surge in cost of living? appeared first on MacroBusiness.

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MacroBusiness Monday, May 12, 2025 - 11:30 Source

This is amusing. AFR. Treasurer Jim Chalmers has warned that fixing Australia’s flatlining productivity will require a third term of government, as he ruled out accepting every proposal that will arise from a crisis review into the problem that he commissioned before the election. It will take Treasurer Chalmers an infinite number of terms to

The post Why Jim Chalmers will never fix producitivity appeared first on MacroBusiness.

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MacroBusiness Monday, May 12, 2025 - 11:00 Source

The Market Ear on the rally. Mind the gap between the bearish flow and the price Hedge fund bearishness continued this past week with about 1z net selling across regions. HF net leverage also remains quite low – at 2nd %-tile on 12m basis for Eq L/S funds and 30th %-tile on 5yr basis for them.

The post Does the market have Trump derangement syndrome? appeared first on MacroBusiness.

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John Quiggin Monday, May 12, 2025 - 10:32 Source

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.

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MacroBusiness Monday, May 12, 2025 - 10:30 Source

Remember, gas often sets the price of electricity in the wholesale market, so this debate is immense. The Australian. A sweeping review of Australia’s east coast gas market slated to begin in mid-2025 is shaping up as the economy’s last realistic chance to avert a looming energy crisis that industry leaders say could have widespread

The post Use Dutton’s gas policy and rule forever appeared first on MacroBusiness.

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MacroBusiness Monday, May 12, 2025 - 10:00 Source

New Zealand’s unemployment rate rose to 5.1% in Q4 2024, up from 4.8% in Q3 2024. In comparison, Australia’s unemployment rate was 3.9% in Q4 2024 (4.1% in March), the widest gap since Q3 2012. The latest SEEK employment also shows that the number of job ads in New Zealand has fallen heavily from the

The post Australia plunders workers from New Zealand appeared first on MacroBusiness.

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xkcd.com Monday, May 12, 2025 - 10:00 Source

P.S. If you have time travel, come to my birthday party Saturday!

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The Tally Room Monday, May 12, 2025 - 09:39 Source

Throughout this week, and perhaps the next, I will be posting booth maps for interesting seats, or clusters of seats. I will be doing this while also tracking the election results as seats continue to be called. But these maps generally just show the ordinary election day votes, so shouldn’t change much, outside of corrections.

For today’s post I’m starting in the inner north of Melbourne. There are three seats in this area that were Labor vs Greens contests this year: Melbourne, Wills and Cooper.

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MacroBusiness Monday, May 12, 2025 - 08:00 Source

State and federal government plans to plaster our cities with high-rise apartments will not improve Australian housing affordability and will ultimately degrade liveability. The reasons are simple: constructing apartments is too expensive. Consequently, buyers cannot purchase them at a reasonable price. As Michael Matusik illustrates above, detached houses and townhouses are far less expensive to

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Renew Economy Monday, May 12, 2025 - 07:41 Source
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MacroBusiness Monday, May 12, 2025 - 00:05 Source

The e61 Institute think tank released an analysis showing how baby bonus handed to parents by the Howard government worked to stimulate births, at least initially. In 2004, the Howard government implemented a universal Baby Bonus—$3,000 per child after birth, later boosted to $4,000 and finally $5,000—to encourage couples to “have one for mum, one

The post Baby bonus generation faces diabolical economy appeared first on MacroBusiness.

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MacroBusiness Sunday, May 11, 2025 - 17:23 Source

Currency pairs respond to geopolitical events like trade disputes and wars. These aspects often shake global economies and encourage different FX pairs to swing dramatically. If you are a forex trader or plan to try out this venture, remember that. A good example of a geopolitical event that has significantly impacted currency pairs is the

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