International Reading:
- ‘Trillion-Dollar Scam’: Lawmakers Demand Halt to Trump’s Golden Dome Boondoggle – Common Dreams
- Trump’s economic approval rating hits new low, poll finds – PBS
- Student Loan Defaults Rise to 9.2 Million Amid Trump’s Crackdown – Bloomberg
- Americans to be hit with record-high electricity bills this summer – Independent
- Americans are spending $800 just to cool their homes. We are at a breaking point – The Guardian
- Poll: Most Americans have the summer blues about Trump and the economy – NPR
- Dow falls 500 points in worst day for new Fed chair since 1994 – Independent
- US Debt Interest Costs Could Reach $2.5 Trillion by 2036, Burden Per Household Nears $17,000 – Block Now
- Leaked financial docs show OpenAI is losing billions of dollars a year – Ars Technica
- The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families – Fortune
- America Is Headed Toward the Infinite Workweek – The Atlantic
- ‘Different worlds’: Americans see a huge divide between haves and have-nots, new poll shows – NBC News
- ‘Utterly Indefensible’: Almost No One Has Said The Iran Deal Is Good For The U.S. – Forbes
Local Reading:
- ‘Hope is under strain’: Depressing Aussie stat – News.com.au
- Heat map shows brutal reality check for Melbourne property vendors as they slash prices by almost 30pc – News.com.au
- Gina Rinehart says Australia should give Elon Musk islands to launch satellites into space – The Guardian
- One Nation senator Malcolm Roberts says he will push for party to adopt blanket abortion ban – The Guardian
- One Nation prepared to cut worker entitlements to shore up struggling small businesses – ABC
- Victorian teachers reject pay offer against union advice, won’t rule out further strikes – ABC
- A growling Gina Rinehart gifts Pauline Hanson a ‘beautiful’ orange bulldozer – ABC
- Political lobbyists with unfettered access to Australia’s parliament to be publicly named – The Guardian
- Eviction notice for elderly Melbourne renter who disputed rent increase struck out – ABC
- Albanese and Chalmers unveil capital gains carve-outs for small businesses, startups – ABC
- Vodafone’s mobile network crash leaves millions of Australians potentially affected – ABC
- What is the right question about the Immigration NZ saga? – Interest.co.nz
- ‘Australia no longer able to bank on the positive wealth effect from financialisation of the abode’ – Interest.co.nz
- Lower oil prices mean July OCR hike ‘no longer the slam dunk that it was’ – Interest.co.nz
MB Media Appearances:
An interview with Ben Fordham on Radio 2GB discusses this week’s Q4 immigration data from the ABS as well as the government’s partial backdown on capital gains taxes.
An interview with Mike Jeffreys at Radio 2GB/4BC analyses the rise of Pauline Hanson and One Nation.
An intervieww with Sean Murphy on ABC Radio Upper Hunter unpacks the claim that the Socceroos’ success underpins the case for pursuing a high-immigration policy.
My panel interview with Sky News’ Andrew Bolt discusses the rise of Pauline Hanson.
Interview with with Jason Matthews at Radio 4BC.
Last weekend’s Treasury of Common Sense on Radio 2GB/4BC debunked Housing Minister Clare O’Neil’s claim that the solution to the housing shortage is to “build. build. build”. I also clown on Climate Change Authority chairman Matt Kean for demanding more subsidies for renewable energy.
Last week’s Macro & the Mortgage Podcast with Catherine Cashmore from Landcycle Investor:
