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International Reading:
- Left and right are joining forces to ban lawmakers from trading stock – Yahoo
- America’s richest generation is only getting richer – Fortune
- If Trump loses his tariff lawsuit, America may have to refund businesses more than US$200 billion – CTV News
- Trump’s immigration policies could lead to first ever population decline – News Week
- He once earned 6 figures at Microsoft. Now he’s unemployed, burning through savings, and at risk of losing his home. – Business Insider
- Russian economy hits ‘technical stagnation,’ biggest bank chief warns of ‘close to zero’ growth – Kyiv Independent
- Trump has brought socialism to America – The Hill
- Americans trust Fed over Trump on economy: poll – The Hill
- Tariffs Squeeze Trump-Loving Farmers as Fertilizer Prices Soar – Bloomberg
- Why U.S. Consumer Pessimism in 2025 Has Hit the Lowest Confidence Levels Since 1987 – Trend on Verge
- US manufacturing contracts for sixth straight month amid tariff drag – Reuters
- The AI revolution is likely to drive up your electricity bill. Here’s why. – CBS News
Local Reading:
- Commonwealth Bank worker’s brutal realisation after training AI chatbot that made her redundant – Yahoo
- Four Chinese carmakers enter Australian top 10 for first time, while Tesla sales slump – The Guardian
- Gov offers another $475m compensation for Robodebt victims – IT News
- Adelaide overtakes Sydney as the toughest market for first home buyers – ABC
- Melbourne ‘affordable’ housing tenants face 17 per cent rent increase – ABC
- Bowen says political environment may prevent 2035 emissions target becoming law – ABC
- Labor proposes blanket refusal of freedom of information requests in overhaul of transparency laws – ABC
- Coalition calls for lower migration, citing pressure on housing, infrastructure and ‘way of life’ – ABC
- Housing is a ‘human right’, says new Labor MP Sarah Witty. Turns out she owns four of them – Crikey
- A cold winter for property values with median falling for 5th straight month – Interest.co.nz
- Total value of building work in Q2 down by $728m (-8.5%) compared to Q2 last year – Interest.co.nz
- Massive mortgage money movement after May OCR – Interest.co.nz
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MB Media Appearances:
India to build one million homes in Australia for Indians?
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Migration lies, damn lies and statistics
Australia’s energy policy will obliterate the economy and living standards
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.