Blogotariat

Yawn. China plans to start re-capitalizing three of its biggest banks in coming months, according to people familiar with the matter, following through on a broad stimulus package unveiled last year to shore up the struggling economy. Authorities are looking to inject at least 400 billion yuan ($55 billion) of fresh capital into the first

The post More Chinese yawnulus appeared first on MacroBusiness.

The latest annual state accounts from the Australian Bureau of Statistics (ABS) showed that Victoria’s per capita GDP declined by 1.2% in 2023-04, and it has only increased by 10.4% since the Global Financial Crisis (GFC) in 2008. This compared with a 1.0% national decline in per capita GDP in 2023-24 and a 14.5% gain

The post Victoria is an economic sinkhole appeared first on MacroBusiness.

Simon Kuestenmacher, dubbed the “Stats Guy”, is a well-known immigration shill. For years, he has spread propaganda to support Big Australia. Last year, Kuestenmacher claimed that Australia’s skills shortages will worsen unless net overseas migration remains at an historically high level. “Let’s start with a quick analysis of how important foreign-born workers are for each

In recent federal elections, Victoria has represented a stronghold for the Labor Party. The 2022 federal election saw Labor win 24 out of 39 Victorian seats and 54.83% of the two-party preferred vote. However, in the upcoming election, Victoria is shaping up as a problem state for the Albanese government. Poll Bludger shows a 5.4%

The post Western Melbourne will punish Labor at the election appeared first on MacroBusiness.

The ferrous complex has come off a little but it is still enjoying favorable Q1 dynamics. CISA mid-February output climbed in a typical fashion. MySteel has output below last year, but CISA is more reliable, and is a little above. The Pilbara killer cometh on time. The British-Australian mining concern Rio Tinto sees opportunities to

The post Pilbara killer on schedule appeared first on MacroBusiness.

DXY is trending down. EUR up. AUD has flamed out. Lead boots are going nowhere. Oil has priced the end of the war, gold has not. Copper has caught Goldman disease. Big miners are the dogs of dogs. Or maybe that is EM. Or junk! The growth scare is working on yields. Still not enough

The post Australian dollar smashed by tumbling inflation appeared first on MacroBusiness.

Wall Street finally stopped flailing around while European stocks pushed higher despite more Trump Tariffs, as the EU gets caught in the crosshairs of Putin’s Puppet. While the Canadian/Mexican tariffs are being postponed to April, the EU is going to get hit with a 25% round, possibly sooner particularly on cars and other manufactured goods.

The post Macro Morning appeared first on MacroBusiness.

Polish Prime Minister Donald Tusk said that a group of European leaders will head to London Sunday to discuss joint plans on defense and security.

Tusk said that the European Commission is preparing a defense package, details of which will be announced at the special summit of European Union leaders scheduled for March 6.

The most significant information in Wednesday’s monthly inflation indicator from the Australian Bureau of Statistics (ABS) was the sharp decline in housing inflation. As illustrated below by Justin Fabo from Antipodean Macro, the easing in CPI rent inflation continued in January, with rents rising by only 0.3% over the month to be 5.8% higher year-on-year.

The post Falling housing inflation means more rate cuts appeared first on MacroBusiness.

Perth’s state library theatre was packed out on Tuesday night last week to hear climate and energy policies from the main political parties and from a community independent.

Do you have an event to list? Please let us know at news@reneweconomy.com.au

The post Australian Green Energy Calendar 2025 appeared first on RenewEconomy.

The Australian Renewable Energy Agency has put out a call for applications for a share of $46.3 million in grants to deploy community batteries across Australia.