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MacroBusiness
Friday, October 24, 2025 - 16:00
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Risk markets are again pivoting on more tantrums from the Oval Office as the Trump regime lashes out at Canada and Venezuela via the usual online 12-year old boy tantrums from the Mango Mussolini. Asian share markets brushed off the histrionics and are seeing strong bids to finish the trading week but all eyes will The post Macro Afternoon appeared first on MacroBusiness. |
Renew Economy
Friday, October 24, 2025 - 15:23
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Renew Economy
Friday, October 24, 2025 - 14:11
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MacroBusiness
Friday, October 24, 2025 - 14:00
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Domain has published its home price figures for the September quarter, which show that the median house price in Sydney reached a record high of $1,751,728 following a 6.3% annual increase. Sydney units also increased to a record high of $840,422 following a softer 2.7% annual increase. As shown in the table below from Domain, The post Sydney housing is a national disaster zone appeared first on MacroBusiness. |
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MacroBusiness
Friday, October 24, 2025 - 13:30
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As we know, the RBA is intellectually bankrupt. It refuses point-blank to ever mention immigration as a macro input, making it impossible to forecast wage growth and inflation. This has now reached such a point of such absurdity that a new regime RBA, that was ushered in for precisely the failure described above, has become The post RBA finds new way to not cut interest rates appeared first on MacroBusiness. |
MacroBusiness
Friday, October 24, 2025 - 12:30
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The Market Ear has more. The “healthy” reset 1. Gold has pulled back into key support at $3,944–4,000, likely forming the base of a new consolidation within an ongoing bull trend according to JPM’s commodities team. 2. The bank expects central banks and Chinese buyers to provide solid dip demand as stretched investor positioning eases. The post Gold crash over? appeared first on MacroBusiness. |
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MacroBusiness
Friday, October 24, 2025 - 12:00
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I reported on Thursday how New Zealand’s rental growth has plummeted in response to the sharp decline in net overseas migration, which fell to only 10,628 in the year to August 2025, down from a decade average of 49,000. As illustrated below by Justin Fabo from Antipodean Macro, the collapse in net migration has helped The post Canadian rents plummet alongside population growth appeared first on MacroBusiness. |
MacroBusiness
Friday, October 24, 2025 - 11:30
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When the Trump administration and Albanese government inked a deal for the U.S. and Australian governments to invest $4.6 billion ($3 billion USD) in critical minerals projects across Australia, the announcement came with something of an added bonus for the U.S. shortly after: a claimed commitment that Australian superannuation funds would invest “almost $1 trillion” The post Albo’s and Trump’s trillion dollar commitment appeared first on MacroBusiness. |
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MacroBusiness
Friday, October 24, 2025 - 11:00
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China HRC prices keep falling, indicating hot metal output is too high and must be cut to restore steel mill margins. Iron ore is on borrowed time while this dynamic persists. The Pilbara killer cometh. The Simandou project, the world’s largest source of untapped open-pit iron ore of the highest iron content located in Guinea, The post Pilbara killer sows panic among among miners appeared first on MacroBusiness. |
MacroBusiness
Friday, October 24, 2025 - 10:30
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The pent-up demand boost is gone, but there’s modest growth. Flash Australia Composite PMI Output Index: 52.6 Index, sa, >50 = growth m/m % qr/qr (Sep: 52.4) Flash Australia Services PMI Business Activity Index: 53.1 (Sep: 52.4) Flash Australia Manufacturing PMI: 49.7 (Sep: 51.4) Flash Australia Manufacturing PMI Output Index: 49.7 (Sep: 52.4) “While it The post Aussie flash PMI stuck in a jobs rut appeared first on MacroBusiness. |
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MacroBusiness
Friday, October 24, 2025 - 09:30
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There is one thing that would put a serious cat amongst the pigeons for today’s gold and tech blowoff rallies, and that is an oil shock. A rising DXY chasing climbing real interest rates and inflation is a perfect storm for duration and gold. The news, then, is unsettling for bulls. U.S. President Donald Trump The post And now for an oil shock? appeared first on MacroBusiness. |
MacroBusiness
Friday, October 24, 2025 - 09:00
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A probable meeting between Xi and Trump next week gave some stability to markets over macro concerns that have outweighed earnings release on Wall Street, which rallied alongside European stocks overnight. Oil prices headed higher on more Ruzzian refinery setbacks and likely sanctions while the USD moved slightly lower against most of the majors except The post Macro Morning appeared first on MacroBusiness. |
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Cheeseburger Gothic
Thursday, October 23, 2025 - 18:30
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Thursday, October 23, 2025 - 16:42
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MacroBusiness
Thursday, October 23, 2025 - 16:30
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Asian share markets are facing mixed sentiment throughout the region with a squeeze on Ruzzian oil due to sanctions helping the sweet crude market while Japanese politics are seeing a selloff in Yen and in stocks. Currency markets are seeing some strength return to the USD which has been taking back its recent lost ground The post Macro Afternoon appeared first on MacroBusiness. |
George Monbiot
Wednesday, October 22, 2025 - 17:32
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The government is trying to set us against our ecosystems. We must resist this Trumpian gambit. By George Monbiot, published in the Guardian 16th October 2025 Crucial to the government’s war on nature is the “cauldron principle”. If a species is to be blamed for “holding up development”, it must be one you might find in a witch’s cauldron. The culprits are never dormice, otters, water voles, nightingales, turtle doves or orchids, widely considered cute or beautiful. They are bats, newts, snails and spiders. |
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George Monbiot
Tuesday, October 21, 2025 - 17:49
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This Labour government would have banned the Labour movement – alongside all the other protests that secured our freedoms. Imagine a movement arising in this country that seeks to overthrow established power. Imagine that it begins with a series of rebellions, in Scotland and south Wales perhaps, that shut down workplaces, confront police and soldiers (sometimes peaceably, sometimes with crude weapons), set up roadblocks and lay siege to the places where fellow protesters are imprisoned and government officials are meeting. |
MacroBusiness
Tuesday, October 21, 2025 - 00:05
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Australia’s auction market performed solidly again over the weekend, despite a high number of listings. According to Cotality, the national preliminary auction clearance rate rose to 73.8%, up from 73.0% the weekend prior and 58.2% in the same weekend of last year. “The clearance rate is an indicator that prices are going to continue to The post The government is making the housing crisis worse appeared first on MacroBusiness. |
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MacroBusiness
Monday, October 20, 2025 - 14:00
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New Zealand experienced one of the developed world’s largest rises in home values over the first 25 years of this century. However, as illustrated below by Justin Fabo from Antipodean Macro, New Zealand dwelling values have recently crashed back to 2019 levels, representing one of the largest property busts in the developed world. One year The post Former New Zealand PM calls time on 30-year housing bubble appeared first on MacroBusiness. |
MacroBusiness
Monday, October 20, 2025 - 09:00
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Victoria disease is the phenomenon of a permanent Labor government leading to a mass-immigration-led economy without the aforethought of appropriate supply-side expansion to accommodate it. This economic model crush-loads public services amid fiscal wreckage, crowds out private sector growth, triggers housing perma-crisis, falling living standards and disenfranchised violence. Symptoms are everywhere. Private security guards patrolling |
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MacroBusiness
Monday, October 20, 2025 - 00:05
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The Albanese government’s Housing Accord, signed with the states at National Cabinet in 2023, set a target to build 1.2 million homes over the five years from FY2025 to FY2029. This target requires 240,000 homes to be built annually. The Australian Bureau of Statistics (ABS) last week released dwelling construction data for the June quarter The post Australia braces for residential construction downturn appeared first on MacroBusiness. |
Renew Economy
Sunday, October 19, 2025 - 17:11
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MacroBusiness
Sunday, October 19, 2025 - 09:45
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By Lucinda Jerogin, Associate Economist at CBA The unemployment rate ticked up to 4.5% in September. The Minutes from the September RBA Monetary Policy Board Meeting and several RBA speeches this week reinforced the more hawkish tone struck in the Statement and accompanying press conference. The CommBank Household Spending Insights Index recorded its seventh consecutive The post The economic week ahead appeared first on MacroBusiness. |
MacroBusiness
Saturday, October 18, 2025 - 14:46
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DXY fell away. This time AUD enjoyed relief. CNY resumed the plod higher. Oil is in trouble. Gold finally popped. Metals too. And miners. EM at the highs. Junk still worried. The bond rally paused. Stocks lifted a bit. Trump eased the rhetoric on China. As usual, the loon is predictable only in the unpredictability The post Major bank: Australian dollar surge to 69 cents appeared first on MacroBusiness. |
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MacroBusiness
Saturday, October 18, 2025 - 00:05
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International Reading: 24% of Republicans think the economy is deteriorating, compared with 60% of independents and 67% of Democrats. – The Guardian Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says – CNBC Trump’s Big Brag About The Economy Crushed By Brutal New Poll – The post Weekend Reading and MB media appearances appeared first on MacroBusiness. |
MacroBusiness
Friday, October 17, 2025 - 16:30
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A sea of red across Asian share markets in the last session of the trading week in response to the slip on Wall Street overnight, largely due to overstretched financials as they try to absorb the folly of the Trump regime’s tariff campaign. Meanwhile the USD continues to fall against almost everything else with Euro breaking The post Macro Afternoon appeared first on MacroBusiness. |
Victoria hits record levels of wind and solar curtailment, and then two more coal generators tripped
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MacroBusiness
Friday, October 17, 2025 - 14:00
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Earlier this month, I reported that investor demand appears to be surging, helping to drive up home prices. As illustrated below by Justin Fabo from Antipodean Macro, investor housing credit growth has rocketed, up 9.1% annually in August, the highest rate in a decade. Google searches for “investment property” likewise surged to their highest level |
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MacroBusiness
Friday, October 17, 2025 - 13:51
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As we know, Albo is the Manchurian Candidate, fed by Sinophiles in his party to the point of nausea. Let’s recall what the G7 did when China attacked Australia unilaterally. The U.S. and its allies are grappling with how to pare their economic relationships with China, attempting to limit ties in certain sectors they view The post We are all Dan Andrews now appeared first on MacroBusiness. |
MacroBusiness
Friday, October 17, 2025 - 13:30
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This week, I was interviewed by Steve Austin at ABC Radio Brisbane, where I was quizzed on why policymakers continually implement self-defeating policies that make housing more expensive. Austin’s query followed this month’s introduction of the Albanese government’s 5% deposit scheme for first home buyers, which already seems to have lifted demand and pushed home |
