Blogotariat

If the US is now our enemy, how do we defend ourselves?

By George Monbiot, published in the Guardian  27th February 2025

All the talk now is of how we might defend ourselves without the US. But almost everyone with a voice in public life appears to be avoiding a much bigger and more troubling question: how we might defend ourselves against the US.

Lol. This must be a joke. Jim Chalmers has launched a pre-election campaign blitz in vulnerable NSW Hunter and central coast seats, as he answers the calls of Labor MPs concerned that surging support for Peter Dutton and Anthony Albanese’s unpopularity will cost them their seats. After high-level meetings with senior Trump administration officials in Washington DC, Dr Chalmers arrived

The post Can Chicken Chalmers save Labor? appeared first on MacroBusiness.

The ferrous complex has begun to deflate post-supply disruption. Profits have halved at the big miners, but do not be fooled. The iron ore nightmare has not yet begun. Ahead is an epic crash in Chinese construction volumes. Capital Economics. Nor will Chinese consumption ever fill the hole for steel. I expect Chinese domestic demand

The post The iron ore nightmare has not yet begun appeared first on MacroBusiness.

The latest US initial jobless claims number spiked overnight and combined with more senseless tariff threats from Trump including doubling down on China saw volatility hit Wall Street hard as all the post election gains were wiped out, taking European stocks lower as well. The USD is pushing back against the undollars with new daily

The post Macro Morning appeared first on MacroBusiness.