Blogotariat

Israel’s strikes against Iran amount to US military action despite official denials from Washington, US Senator Ted Cruz has suggested. Tehran has accused America of complicity in Israel’s attacks on its nuclear infrastructure.

Turkish President Recep Tayyip Erdogan has condemned Israel’s aggression in Gaza and ongoing attacks on Iran, comparing Prime Minister Benjamin Netanyahu to Adolf Hitler.

The Rudd/Gillard Labor government made the disastrous decision in the early 2010s to authorise LNG exports from Gladstone, Queensland, without forcing gas producers to first serve the domestic market. As a result of this policy blunder, East Coast Australia became the only gas exporting jurisdiction in the world without a domestic gas reservation policy. We

The post How Australians were robbed of their own gas appeared first on MacroBusiness.

It has barely been two weeks since the no confidence motion passed, and just over a week since the Tasmanian state election has been called, but the candidates are coming out of the woodwork very quickly.

I have now updated my election guide to feature those candidates announced so far.

The Liberal Party and Labor have now announced a full slate of 35 candidates. The Liberals finished announcing their ticket this afternoon, when they announced their last four candidates for Clark.

The Israel-Iran war continues to dominate risk markets as the TACO-in-Chief threatens to join in with bunker busters over the weekend to eliminate the Iranian nuclear facilities. The USD is gaining strength against most  of the undollars with the Australian dollar losing ground on a relatively weak unemployment today, heading back below the 65 cent

The post Macro Afternoon appeared first on MacroBusiness.

What would happen if we had cancelled renewables and reverted to coal or gas? Our findings show that electricity prices would be up to 50 pct higher than they are now.

Tesla-driving sparkie from Get Off Gas, Brendan Lang, breaks down the key things to consider before buying a battery, from system sizing and blackout protection to VPPs and rebates.

The blueprint for how to fix Australia’s tax system was spelled out 15 years ago by the Henry Tax Review. Unfortunately, both sides of government ignored its recommendations. Fast forward to today, and the federal budget is facing a decade of budget deficits amid the unwinding of commodity prices, the ageing population, and increasing spending

The post How Jim Chalmers should tackle reform appeared first on MacroBusiness.

The Australian Bureau of Statistics (ABS) has released the May labour force report, which reported a steady unemployment rate of 4.1% despite the loss of 2,500 jobs. The unemployment remained steady due to the 0.1% fall in the labour force participation rate. However, despite the loss of jobs, monthly hours worked jumped by 1.3% in

The post Australia’s job market is weaker than it looks appeared first on MacroBusiness.

IAEA chief Rafael Grossi has confirmed that his agency has no firm evidence of an Iranian nuclear weapons program, debunking the justification used by Israel to launch its aggression last week. Sputnik asked commentators including a renowned Iraq War whistleblower to weigh in why Israel and Washington neocons are so eager to beat the drums of war.

DXY went nowhere. AUD recovered some. Lead boots are going sideways. Oil short? Metals bifurcating. Biug miner bear one for the ages. EM meh. Junk hasn’t budged. Long end sort of OK. Stocks nothing burger. Here are the Fed headlines. *FED HOLDS BENCHMARK RATE IN 4.25%-4.5% TARGET RANGE *FOMC MEDIAN FORECAST STILL SHOWS 50 BPS

The post Australian dollar resilience returns appeared first on MacroBusiness.