Blogotariat

Many years ago, acquaintances of ours, Peter and Ria Gill, owned a restaurant, Peaches1,2, in the Canberra suburb of Campbell and we would occasionally dine there. The food was wonderful and the wine list was spectacular.

Leading utility writes off remaining value of its coal fired power generators and posts massive loss as it prepares to switch on one of the country's biggest batteries.

You might have seen the picture above. It’s the Tacoma Narrows bridge which collapsed a few weeks after being built. Why? Well what you can see here is the perturbations from the wind being amplified by the suspension system on … Continue reading →

The World Bank’s Reboot Development report has belatedly confirmed what scientists have warned for decades: humanity is breaching the safe operating limits of the Earth.

Air, water, forests and oceans, the very foundations of life are unravelling under the pressure of unrestrained growth. Six of nine planetary boundaries have already been crossed.

This week, Cotality released data, based on around 97,000 resales, showing that 94.8% of sellers made a nominal profit across Australia in Q2 2025. The median profit on sale also hit a record high of $315,000, up from $305,000 in the previous quarter. New South Wales, which is home to the nation’s most expensive homes,

The post Aussies cash in on house price boom appeared first on MacroBusiness.

Queenscliff sunrise   AUD/USD     EUR/USD     USD/JPY     GBP/USD     Gold     WTI     Brent     Australia 200     US S&P 500     UK 100     Japan 225  

The post Macro Afternoon: 19 September 2025 appeared first on MacroBusiness.

On Thursday, Stats NZ released the Q2 national accounts, which revealed a sharper-than-expected decline in real GDP. New Zealand’s GDP declined 0.9% in the June 2025 quarter and was down 1.1% year over year. For the third consecutive quarter, annual GDP fell. The following chart from Justin Fabo from Antipodean Macro shows that New Zealand’s

The post Reserve Bank poised to slash rates appeared first on MacroBusiness.

With the release of the latest national accounts data showing that household consumption had grown by 0.9% in inflation-adjusted terms and the ABS Household Spending Indicator showing spending up by 0.5% MoM in July and up 5.1% YoY, some are questioning whether rate cuts are working. Before we get into the numbers detailing how rate

The post Are rate cuts working? appeared first on MacroBusiness.

Luke Yeaman, Chief Economist at CBA, penned a report on the Australian federal budget, which “is projected to return to deficit over the next decade”. While “tax receipts are strong”, Yeaman notes that “structural spending has lifted to levels rarely seen in Australia outside of major economic shocks”. While spending pressures are evident across most

The post NDIS cripples federal budget appeared first on MacroBusiness.

The climate change pantomime has taken an interesting new twist, with low-lying Pacific Nations lambasting Australia over its approval of Woodside’s North West Shelf gas project extension. Anote Tong, who led the small Pacific nation of Kiribati between 2003 and 2016 accused Labor of putting economic interest before the security of important allies in the

The post Why won’t Pacific nations lambast China on climate? appeared first on MacroBusiness.

Teal independents continue to run interference for Big Australia mass immigration. In 2022, Zali Steggal, a Teal member from Warringah (which includes Sydney’s rich northern beaches), supported a large increase in immigration to combat labour shortages. In 2024, Steggal called for a 75% 2030 emissions reduction target for Australia, ignoring the fact that aggressively growing

Bloomberg loves a party line. Australian unemployment held steady last month even as the economy shed jobs with fewer people looking for work, signaling the labor market remains tight and reinforcing the Reserve Bank’s cautious approach to policy easing. There is nothing tight about the Aussie labour market. Frankly, at 4.2% unemployment, it is intrinsically

The post Indian Albo’s labour market loose as a goose appeared first on MacroBusiness.

For a long time, Middle America has found itself struggling at an aggregate level. While there have been some on-paper standouts when breaking down household outcome growth by geographical location, that has been balanced out by other locales seeing significantly weaker growth than the average. Today, the median American full-time male worker earns as much

The post Trump’s America loses hope appeared first on MacroBusiness.