Blogotariat

Queensland and NSW have the most potential to host solar in abandoned coal mines, with Australia's potential hitting 73GW, according to a study.

Treasurer Jim Chalmers has declared war on Australia’s poor productivity growth, which has slumped to developed-world lows. Chalmers has finally cottoned on to the fact that the economy’s stagnant productivity will not deliver higher living standards for ordinary Australians. In a speech to be delivered to the National Press Club in Canberra, The AFR reports

The ~$95 support line gave way yesterday. Goldman has more. Steel: The lingering and hindering steel production cut Orderbooks trend- The forward order books of most steel mills were down MoM in June, in line with seasonality. High-frequency weekly data suggests current steel demand declined by 4.0% yoy for construction steel and down 6.0% yoy

The post Iron ore cracks appeared first on MacroBusiness.

Westpac’s latest consumer sentiment survey suggested that Australians have turned bullish on housing. As illustrated below by AMP chief economist Shane Oliver, house price expectations hit a cyclical high in May. The “time to buy a dwelling” sub-index has also bounced: The rebound in sentiment and house price expectations is understandable given that the Reserve

The post First home buyers are ready to pile in appeared first on MacroBusiness.

Living near a large-scale solar project is not a problem for most residents, with a study finding 82 per cent of neighbours would allow more to be built nearby.

DXY is stirring as Trump turns neocon. AUD slumped on WWIII. Lead boots are rock solid. Oil is still not overly worried. Metals nervy. Big miners are in the bear market of a lifetime. EM stocks puke. Junk OK. The ‘ol safe haven is back. As stocks stumble. The whole damn world is short DXY

The post Australian dollar slumps on WWIII appeared first on MacroBusiness.

Chris Bowen says DMO needs to be changed, as it is failing to stop energy retailers - even government owned ones - from gouging customers on prices.

This is as serious as it gets. Let’s survey the chessboard - from micro to macro.

The crying shadow in the funeral dance,

The loud lament of the disconsolate chimera.

T. S. Eliot, Burnt Norton

Iran Now First Line of Defense of BRICS and the Global South

BY PEPE ESCOBAR

Australia’s manufacturing sector hit a record low share of GDP in the latest Australian Bureau of Statistics (ABS) national accounts. In Q1 2025, the manufacturing share of GDP fell to just 5.1%, down from 8.9% two decades ago and from 15% in the mid-1970s. Australia’s manufacturing share is also the smallest in the OECD, making

The post Why Australian manufacturing has no future appeared first on MacroBusiness.

Three virtual power plants made up of 21 businesses at 108 sites will help state kick its coal

Well, Ukraine launched one of the most powerful attacks against Russia since 2022. On the first day of the month, five Russian military bases were hit by drones infiltrated into Russian territory and remotely operated. They allegedly disabled 40 fighter jets.

Prod the bear with a short stick… and then scream for help and jump into daddy’s lap!

    BY Eduardo VASCO

The Israel-Iran war continues to dominate risk markets as Trump runs away from the G7 meeting tweeting out incoherent threats and deals while further strikes against oil tankers and other targets show the conflict spreading. The USD remains somewhat weak although Yen took a small back seat on today’s BOJ meeting with a taper plan

The post Macro Afternoon appeared first on MacroBusiness.

Australian shared solar pioneer raises $10.2 million in support of its SolShare solution for apartments, including more than $A8 million from a European energy giant.