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Renew Economy
Monday, June 16, 2025 - 14:03
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MacroBusiness
Monday, June 16, 2025 - 14:00
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Following one of the largest increases in the industrialised world during the Covid-19 pandemic, New Zealand’s housing prices fell sharply. According to the REINZ home price index, presented below by Justin Fabo from Antipodean Macro, New Zealand’s real inflation-adjusted home prices have reverted to pre-pandemic levels. Separate data provided this month by Cotality reported that |
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MacroBusiness
Monday, June 16, 2025 - 13:30
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It is a long-held belief of many in the Labor Party. Today it has morphed into doubts about AUKUS. Labor stalwart Sean Kelly. AUKUS, with its pros and cons, commands many column inches in this country; periodically it becomes the central topic of political debate, as it did last week. Similarly, there is much discussion The post Should Australia give up on America? appeared first on MacroBusiness. |
MacroBusiness
Monday, June 16, 2025 - 13:00
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ANZ has a good idea. Property construction will decline another 30% to 580 million m2 by 2035 in our baseline scenario. Over 50% of new demand will stem from upgrading, instead of urbanisation. Urban renewal is unlikely to contribute much to the sector. Property rent rather than property price will be crucial to stabilise the The post Chinese property bottom far, far away appeared first on MacroBusiness. |
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MacroBusiness
Monday, June 16, 2025 - 12:20
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Santos runs two LNG export trains out of Gladstone, Queensland, which siphons up East Coast gas and ships it to Asia (mostly China). Since Santos’ LNG export trains came online in 2015 (alongside others), the volume of gas produced on the East Coast has doubled, while 25% less gas has been supplied to domestic users. The post Abu Dhabi launches takeover of Australian gas appeared first on MacroBusiness. |
MacroBusiness
Monday, June 16, 2025 - 12:00
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Policy makers and economists are concerned that the retirement of the Baby Boomer generation and an ageing population could see the nation’s workforce heavily diminished in the future. For example, Federal Treasurer Jim Chalmers warned in January 2023, just as immigration was ramping to record levels, that longer life expectancy and a sharp decline in The post Australia should not fear population ageing appeared first on MacroBusiness. |
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MacroBusiness
Monday, June 16, 2025 - 11:30
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Anybody who believes that meeting Labor’s 82% Renewable Energy Target (RET) by 2030 is achievable or affordable is delusional. To achieve Labor’s fantastical target, most of Australia’s baseload coal generation—the backbone of the nation’s electricity grid—would need to be shut down and replaced with intermittent and weather-dependent wind and solar generation, backed up with battery |
MacroBusiness
Monday, June 16, 2025 - 11:00
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May Chinese credit was soft. The recent acceleration in total social financing stalled at 8.7% year-on-year stock growth. And don’t forget that a lot of this is debt swaps with local governments, so the real number is more like 8%. Other indicators are pretty soft as well. Power is tepid. Tourism remained tepid. Exports are The post Chinese credit and economy slide appeared first on MacroBusiness. |
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MacroBusiness
Monday, June 16, 2025 - 10:30
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How long can steel fall and iron ore not? Coking coal is still sliding as well, which offers some explanation. Flat steel demand remains stagnant. Long steel is wrecked. Output is getting pulverised. One wonders if the mooted 50 mt in output cuts are taking effect. The steel market appears sick. The post Iron ore market sickens appeared first on MacroBusiness. |
Your Democracy
Monday, June 16, 2025 - 10:24
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Renew Economy
Monday, June 16, 2025 - 10:00
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MacroBusiness
Monday, June 16, 2025 - 10:00
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Markets are half-panicked by the latest Middle East war. Oil Israel’s attacks on Iranian air defense systems and nuclear capabilities re-opens awide range of possible avenues via which oil supply could be disrupted. Importantly, it may also derail the process of US-Iran nuclear deal talks which were scheduled to continue in Oman on Sunday, although The post Israel and Iran same old, same old? appeared first on MacroBusiness. |
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xkcd.com
Monday, June 16, 2025 - 10:00
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MacroBusiness
Monday, June 16, 2025 - 09:30
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Ah, the gas cartel, that wondrous beast that knows no bounds of decency. Via Petroleum Australia: Australia Pacific LNG (APLNG), the country’s largest liquefied natural gas exporter on the east coast, has agreed to a substantial price reduction under its flagship 7.6 million tonne per annum contract with China’s Sinopec. The move, anticipated to cost The post Aussies pay much more than China for own gas appeared first on MacroBusiness. |
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MacroBusiness
Monday, June 16, 2025 - 09:00
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Friday’s session was dominated by the Israeli-Iranian war with an initial flight to safety to USD that then faded, coupled with an actual rise in Treasury yields. This is not usual in times of high risk and is a symptom of the flailing global monetary order. The 30 year yield finished close to the 5% The post Macro Morning appeared first on MacroBusiness. |
Your Democracy
Monday, June 16, 2025 - 08:51
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MacroBusiness
Monday, June 16, 2025 - 08:00
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I am philosophically opposed to taxpayers providing subsidies for private car transportation. Most of these subsidies flow to higher-income earners. Therefore, these subsidies serve as a prime example of the reverse Robin Hood phenomenon, where the rich benefit at the expense of the poor. Electric vehicle (EV) subsidies are exceptionally costly and egregious. The Fringe The post Abolish EV subsidies appeared first on MacroBusiness. |
Renew Economy
Monday, June 16, 2025 - 07:59
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Your Democracy
Monday, June 16, 2025 - 07:51
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After more than four years, the Information Commissioner has compelled the Defence Dept. to hand over information sought about expert advice on Australia’s Naval shipbuilding program. Rex Patrick reports. In the FOI review decision, the Information Commissioner issued a scathing rebuke of Defence secrecy, saying, |
Your Democracy
Monday, June 16, 2025 - 06:52
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Later the ruling class became even more sophisticated at channelling, diverting and destroying social and political opposition. They played hard cop and soft cop repression and bullying where necessary, but cooption tactics could be cheaper and more effective. |
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Your Democracy
Monday, June 16, 2025 - 06:32
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US President Donald Trump has revealed that his Russian counterpart, Vladimir Putin, wished him a happy birthday during a phone conversation on Saturday. Shortly after the phone call, the US president took to his Truth Social to provide details. “President Putin called this morning to very nicely wish me a Happy Birthday, but to more importantly, talk about Iran, a country he knows very well. We talked at length,” Trump, who turned 79 on Saturday, wrote. |
Your Democracy
Monday, June 16, 2025 - 06:09
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Israel has the right to defend itself, Foreign Minister Penny Wong says, but she has dodged questions over whether its surprise bombardment of Iran is a breach of international law. |
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Renew Economy
Monday, June 16, 2025 - 06:09
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MacroBusiness
Monday, June 16, 2025 - 00:05
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The Australian Bureau of Statistics (ABS) released data on permanent and long-term arrivals for the month of April. There were 1,119,910 permanent and long-term arrivals in the year to April, offset by 679,580 departures, with both tracking at close to a record high. As a result, there were 440,330 net permanent and long-term arrivals in The post High migration pressures housing market appeared first on MacroBusiness. |
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Your Democracy
Sunday, June 15, 2025 - 17:17
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CNN — President Donald Trump praised the United States Army as the “greatest, fiercest and bravest fighting force” at the conclusion of a grand display of military might in the nation’s capital Saturday as the Army celebrated its 250th birthday with a parade. |
MacroBusiness
Sunday, June 15, 2025 - 11:00
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By Belinda Allen, Senior Economist at CBA The CommBank Household Spending Insights index lifted by 0.5% in May after a flat outcome in April. The data shows some green shoots, but overall the pace of consumer spending is slower than expected in 2025 Business and consumer sentiment surveys were on the disappointing side. The May The post The economic week ahead appeared first on MacroBusiness. |
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MacroBusiness
Sunday, June 15, 2025 - 10:51
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Last weekend, it appeared as if Sydney’s housing market may be faltering after the preliminary clearance rate fell to 55.9%, which was the lowest preliminary result this year. Sydney’s final auction clearance rate subsequently fell to 58.1%, the lowest result this year. The big caveat was that last weekend’s result was impacted by the King’s The post Buyers dive back into Sydney property appeared first on MacroBusiness. |
Your Democracy
Sunday, June 15, 2025 - 10:22
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Éric Denécé was found dead on June 12, 2025. The official version claims suicide, a theory that the family of this troubled geopolitical analyst does not believe. |
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Your Democracy
Sunday, June 15, 2025 - 07:40
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Real, vibrant, resilient health—begins not in the pharmacy, but in the soil beneath our feet. Central to our health is a diet derived from a diverse range of life forms, whether these are plants, animals, fungi, algae or other microorganisms, that have been nurtured by sunlight and rich, organic soils or natural, uncontaminated waters.
The Sixth Mass Extinction: Can You Survive It? |
Your Democracy
Sunday, June 15, 2025 - 06:41
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Joe Rogan likes to hunt and cook his own food. He shoots with a crossbow – Elk, with their wild screams, are his favourite prey – then barbecues the meat and serves it thinly cut, with cheese and jalapenos. He uses weed and psychedelics, reads Hunter S. Thompson, and dabbles in stand-up comedy. He’s a mixed martial arts expert, and nurtures his hard, nuggety physique with gruelling workouts and experimental supplements.
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