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MacroBusiness Friday, October 17, 2025 - 13:30 Source

It was never a boom in the traditional sense. It was a fiscal stimulus into bedpan jobs, and it has ended. Owing to a far too slow RBA, the private sector is not well-positioned to pick up the slack. The NAB business survey is still consistent with weak hiring intentions. More from Goldman. Today’s update

The post Australia’s jobs boom is going bust appeared first on MacroBusiness.

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MacroBusiness Friday, October 17, 2025 - 12:30 Source

There is no substitute for sanctimonious greed. A top-20 shareholder in Santos has raised questions about the oil and gas producer’s strategy and called for it to focus on delivering value to investors, just as the gas giant was forced to cut production guidance because of an eleventh-hour hitch at its biggest growth project. HESTA

The post HESTA backs gas cartel in “real world impact” appeared first on MacroBusiness.

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MacroBusiness Friday, October 17, 2025 - 12:00 Source

Victoria is the nation’s most indebted state with the lowest credit rating. Global rating agencies have reaffirmed Victoria’s AA credit rating, although the state government has been put on notice to reduce debt, rein in operating costs, and show fiscal restraint ahead of the November 2026 election. On Wednesday, the Victorian Department of Treasury and

The post Victoria is headed toward a financial crisis appeared first on MacroBusiness.

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Renew Economy Friday, October 17, 2025 - 10:00 Source
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MacroBusiness Friday, October 17, 2025 - 00:05 Source

Australians have endured the biggest decline in real wages in history. As of the June quarter of 2025, Australian real wages were still tracking 6.0% below their June 2020 level, at roughly the same level as December 2011. The Reserve Bank of Australia’s (RBA) Assistant governor and chief economist Sarah Hunter warned that Australia’s sagging

The post RBA: Australians face low wage future appeared first on MacroBusiness.

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MacroBusiness Thursday, October 16, 2025 - 12:30 Source

It is an easy and appropriate target. Origin Energy chief executive Frank Calabria has declared Australia’s energy market is “no longer working” to deliver affordable, reliable power capable of facilitating the transition to renewables, and sought urgent reforms, including limiting Santos-backed GLNG’s ability to buy gas from the domestic market. Mr Calabria said governments must

The post Gas cartel stabs Santos in the back appeared first on MacroBusiness.

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MacroBusiness Thursday, October 16, 2025 - 11:30 Source

Chinese inflation remains bogged. The CPI fell MoM and is going nowhere YoY. PPI is similar. As anti-involution weighs on domestic demand, I expect prices to keep falling. The real problem is unresolved. The black hole of real estate. Golden Week needs to be renamed something less auspicious. New property sales are down again for

The post Chinese deflation is for ever now appeared first on MacroBusiness.

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MacroBusiness Thursday, October 16, 2025 - 09:30 Source

The ferrous complex continues to bifurcate, with steel getting flushed while iron ore enjoys the good times. CISA data for early October rebounded after the Hebei shutdown, but inventories soared 8%. Mills are still overproducing. Goldman explains it. …change in demand patterns, driven by the need for blast furnaces to reduce steel costs, has led

The post Iron ore becalmed before the storm appeared first on MacroBusiness.

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MacroBusiness Thursday, October 16, 2025 - 09:00 Source

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, examines why Australia’s stock market looks expensive compared to global peers—and whether the nation’s limited exposure to high-growth tech and AI could see it left behind once again. Join us for the podcast at 12.30 pm AEDST. Can’t make it to the live series? Catch

The post MB Fund Podcast: ASX – High Prices, Low AI Exposure appeared first on MacroBusiness.

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MacroBusiness Thursday, October 16, 2025 - 09:00 Source

Trade war tensions are keeping most risk markets contained but not in selling mode as Wall Street lifted again despite sentiment around the US economy as the latest Biege Book from the Fed was released overnight. The USD continues to decline as Fed members are still broadcasting a softer economy, particularly labour markets as ICE

The post Macro Morning appeared first on MacroBusiness.

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Digitopoly Wednesday, October 15, 2025 - 14:01 Source

What can a nineteenth-century economist teach a twenty-first-century Chief Executive Officer (CEO) at one of the largest technology firms? More to the point, why is Microsoft’s CEO, Satya Nadella, quoting William Stanley Jevons? Jevons was a dominant figure in economic thought in Britain during the second half of the nineteenth century, but not today.

His work populates the earlier chapters of textbooks on the history of economic thought, where he is credited with being a pioneer in starting the Neoclassical School of Economics.

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Tuesday, October 14, 2025 - 22:26
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Tuesday, October 14, 2025 - 22:24
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MacroBusiness Monday, October 13, 2025 - 11:30 Source

From the Market Ear: Here we go SPX trading below trend channel lows for the first time since the latest bull started. Note we are below the 21 day. 50 day comes in at 6600 (futures). We outlined the fading momentum earlier this week, but first let’s see how this closes today. NASDAQ technicals NASDAQ

The post Volatility monster awakens, leverage bites, bulls bleed appeared first on MacroBusiness.

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Sunday, October 12, 2025 - 17:26
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George Monbiot Wednesday, October 8, 2025 - 01:08 Source

Austerity costs us a fortune.

By George Monbiot, published in the Guardian 4th October 2025

I was lucky. Last week, I was cycling downhill at night when I hit a pothole. The front wheel folded into an infinity symbol. I went over the handlebars and, with no time to put my hands out, landed on my face. My helmet and glasses took most of the impact. I emerged, remarkably, with just a few cuts and bruises.

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The Australian Independent Media Network Sunday, October 5, 2025 - 16:44 Source

Rupert Murdoch built more than a media empire. He built a cathedral of grievance where facts die on the altar and paranoia pays the rent. [...]

The post A Cathedral of Grievance: How Murdoch Built The Monster He Can No Longer Control appeared first on The AIM Network.

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George Monbiot Thursday, October 2, 2025 - 23:47 Source

Alongside the genocide, the Israeli government is destroying the ecosystems of Gaza, perhaps permanently.

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

A landless people and a peopleless land: these, it appears, are the aims of the Israeli government in Gaza. There are two means by which they are achieved. The first is the mass killing and expulsion of the Palestinians. The second is rendering the land uninhabitable. Alongside the crime of genocide, another great horror unfolds: ecocide.

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Prosper Australia Thursday, September 25, 2025 - 17:18 Source
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George Monbiot Tuesday, September 23, 2025 - 23:34 Source

The mainstream media, with a few exceptions, is a single-issue lobby group, whose purpose is to assert the rights of capital.

By George Monbiot, published in the Guardian  20th September 2025

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Tuesday, September 23, 2025 - 16:39
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Tuesday, September 23, 2025 - 16:22
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Monday, September 22, 2025 - 05:55
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Monday, September 22, 2025 - 05:47
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Monday, September 22, 2025 - 05:06
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Saturday, September 20, 2025 - 22:28
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George Monbiot Tuesday, September 16, 2025 - 19:07 Source

Astonishingly, the Tufton Street junktanks that shaped Liz Truss’s agenda are still operating at the heart of government.

By George Monbiot, published in the Guardian 11th September 2025

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Prosper Australia Monday, September 8, 2025 - 20:11 Source

Ross Gittins wins 2025 E.J. Craigie Writing Award for the best article reflecting the ideas of Henry George. Prosper Australia is pleased to announce Economics Editor for The Age/Sydney Morning Herald, Ross Gittins, as the recipient of the E.J. Craigie Writing Award for 2025 for his article: Productivity Commission wants our big mining companies to […]

The post Esteemed economics journalist Ross Gittins wins 2025 E.J. Craigie Award first appeared on Prosper Australia.

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Saturday, September 6, 2025 - 22:28
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Saturday, September 6, 2025 - 22:28
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