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The Tally Room
Monday, November 10, 2025 - 10:30
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The first expansion of parliament was passed in 1948, and came into force at the 1949 election. It was also the largest increase we’ve seen, either proportionally or in raw numbers. The House and Senate were each expanded by two thirds – the House grew from 74 to 121, while the Senate grew from 36 to 60. This blog post follows the model of my previous analysis of the 1984 parliamentary expansion, and will likewise be the first of two parts. |
MacroBusiness
Monday, November 10, 2025 - 10:30
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The Market Ear kicks us off. The charts you need to know Here are a collection of the latest charts on sentiment and positioning from Morgan Stanley, Goldman, Deutsche, BofA, ISI, JP Morgan and more. NVDA’s GPT 3-year anniversary celebration NVDA celebrates upcoming 3 year anniversary of ChatGPT with a close to 1000% return… “….as The post What next for the bubble? appeared first on MacroBusiness. |
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MacroBusiness
Monday, November 10, 2025 - 10:00
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Like other advanced nations, Australia is facing pressures from an ageing population. The federal government has tried to mitigate these ageing pressures by running a high immigration policy to mitigate labour shortages and increase the number of taxpayers. Former senior immigration department bureaucrat Abul Rizvi believes that Australia’s annual net overseas migration will average 300,000 |
MacroBusiness
Monday, November 10, 2025 - 09:30
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DXY faded Friday night. AUD bounced. CNY too. Oil and gold sideways. AI metals stalled. Big miners trying. EM ouch. Junk OK. Yield eased. Stocks dump and pump. It’s all about the government shutdown now. Scott Bessent, US Treasury Secretary, is on the hustings saying growth might halve in Q4 and prices fall away. The post Australian dollar lifts as tariff gifts rain appeared first on MacroBusiness. |
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MacroBusiness
Monday, November 10, 2025 - 09:00
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No jobs report for you! So that’s two months of non-existent unemployment data from the US due to the Republicans shutting down their own government so markets are unable to navigate or pivot on the non-farm payroll data and instead wonder at what is going on “under the hood” of the world’s largest economy (for The post Macro Morning appeared first on MacroBusiness. |
MacroBusiness
Monday, November 10, 2025 - 08:00
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The Albanese government’s fantastical target of building 1.2 million dwellings over five years, or 240,000 homes a year, is based on delivering another boom in high-rise apartment towers, even greater than the one experienced between 2015 and 2020. To meet the federal government’s lofty housing construction target, Australia would need to build more homes than |
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MacroBusiness
Monday, November 10, 2025 - 00:05
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The housing market appears to have lost some momentum due to the recent inflation shock and expectations that the Reserve Bank of Australia (RBA) will keep interest rates on hold for the foreseeable future. Cotality’s daily dwelling values index continues to show the strongest growth in over two years, measured on a rolling 28-day basis: The post Reality check sucks FOMO out of housing market appeared first on MacroBusiness. |
THE BLOT REPORT
Sunday, November 9, 2025 - 13:36
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THE BLOT REPORT
Sunday, November 9, 2025 - 13:28
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I have been reading the book ‘The Great Wave’1 by Michiko Kakutani which was given to me by a mate who thought I would enjoy it. Kakutani is an American Pulitzer Prize winning literary critic and writer2. The book is subtitled ‘The era of radical disruption and the rise of the outsider’1. While the first 60 or so pages have been interesting, there have been a few sections on that road which piqued my interest. One of these was a paragraph (on p. 45) quoting Jaron Lanier3, who was a “pioneer in the development of virtual reality and a member of Silicon Valley’s founding generation”1. |
MacroBusiness
Sunday, November 9, 2025 - 09:20
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Aussie punters are drooling with anticipation of a new housing boom. Victoria disease is preventing madness in the South East, but elsewhere it is all greed. Plenty of room to rise before any nerves kick in. The young and abused have been co-opted. The Oct survey detail points to another factor in the mix The post Pavlov’s dog drools as Albo rings housing boom bell appeared first on MacroBusiness. |
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MacroBusiness
Sunday, November 9, 2025 - 08:53
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By Harry Ottley, economist at CBA: The RBA left the cash rate on hold at 3.60% as widely expected.The post-meeting communication was not quite as hawkish as we had expected. The data flow was mixed with home price rises accelerating and building approvals improving but household spending looking a touch softer than expected. Offshore, soft The post The economic week ahead appeared first on MacroBusiness. |
MacroBusiness
Saturday, November 8, 2025 - 11:52
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The ferrous complex is buckling. Steel output cuts are so far insufficient to lift steel prices. Iron must fall much further if steel mill margins are to be restored. Weekly data from consultancy firm Mysteel showed that fewer than 40% of the 247 surveyed steel mills were profitable, a level last seen in October 2024. The post Iron ore enters the perfect storm appeared first on MacroBusiness. |
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Renew Economy
Saturday, November 8, 2025 - 07:45
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MacroBusiness
Saturday, November 8, 2025 - 00:05
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International Reading: Tesla shareholders approve Elon Musk’s $1 trillion pay package – CNN ‘As Ugly and Cruel As It Gets’: Trump Fights Order to Fully Fund November SNAP Benefits – Common Dreams The US national debt has just passed $38 trillion — and economists say they might never recover – News.com Tariff refunds are now The post Weekend Reading and MB Media Appearances appeared first on MacroBusiness. |
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Renew Economy
Friday, November 7, 2025 - 17:46
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MacroBusiness
Friday, November 7, 2025 - 16:30
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Asian equities are not doing well as markets start agitate over AI amid tonight’s looming US jobs report with the recent strength in the USD about to be tested. Continued volatility over trade wars amid the challenge to the Trump regime’s tariffs in the US Supreme Court are not helping either. The Australian dollar remains The post Macro Afternoon appeared first on MacroBusiness. |
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THE BLOT REPORT
Friday, November 7, 2025 - 16:05
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As conservative commentator David Frum said several years ago: “If conservatives become convinced that they can not win democratically, they will not abandon conservatism. They will reject democracy”1. |
Free solar, nuclear cost blowouts, and “deadly negligence” on climate: A heady mix for the Coalition |
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Renew Economy
Friday, November 7, 2025 - 14:12
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Renew Economy
Friday, November 7, 2025 - 14:00
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MacroBusiness
Friday, November 7, 2025 - 14:00
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When the Luxon government came to power in late 2023, it came with a promise to reinstate negative gearing as it previously was and reduce the holding period required for an investment property to be sold tax-free. Under the Ardern government, the duration an investor was required to hold a property for the gains to The post New Zealand property investor demand rockets appeared first on MacroBusiness. |
Renew Economy
Friday, November 7, 2025 - 13:56
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Renew Economy
Friday, November 7, 2025 - 13:33
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MacroBusiness
Friday, November 7, 2025 - 13:30
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Australians have suffered the deepest decline in real wages in recorded history. As of the June quarter of 2025, Australian real wages were tracking 6.0% below their June 2020 peak, at roughly the same level as December 2011. The Reserve Bank of Australia (RBA) released its Statement of Monetary Policy (SoMP) this week, which contains The post Australia’s real wage depression appeared first on MacroBusiness. |
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Renew Economy
Friday, November 7, 2025 - 13:28
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MacroBusiness
Friday, November 7, 2025 - 13:00
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The US jobs market is being buffeted by a number of forces. reduced government spending; tarrif shocks to margins recouped through labour efficiencies; investment uncertainty owing to the orange madman; and AI. The BLS labour market data is still down, but Revelio has a decent correlation with the NFP (roughly 0.75%), and it just printed The post AI job shock begins in America appeared first on MacroBusiness. |
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MacroBusiness
Friday, November 7, 2025 - 12:30
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The Reserve Bank of Australia (RBA) released its Statement of Monetary Policy (SoMP) this week, which revised its medium-term unemployment rate forecast to 4.4%, up from 4.3%. As illustrated below by Alex Joiner from IFM Investors, the RBA’s unemployment rate forecast to the end of 2027 is below the current unemployment rate of 4.5%: Thus, The post RBA still delusional on unemployment appeared first on MacroBusiness. |
MacroBusiness
Friday, November 7, 2025 - 12:00
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The Deloitte Investment Monitor for the September quarter is out. Releasing the latest edition of the quarterly Investment Monitor report, Deloitte Access Economics Partner and lead author, Stephen Smith, said: “The value of projects in the Investment Monitor database is just under $1.2 trillion in September, which is 7% higher than a year ago. “As The post Infrastructure winddown exacerbates jobs bust appeared first on MacroBusiness. |
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Renew Economy
Friday, November 7, 2025 - 11:51
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Renew Economy
Friday, November 7, 2025 - 11:42
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