Blogotariat

Electric vehicles (EVs) are massively subsidised in Australia. First, more than $550 million of tax revenue is estimated to be lost annually due to the Fringe Benefits Tax (FBT) exemption for battery EVs and plug-in hybrids (PHEVs); however, the FBT exemptions for PHEVs ended on 1 April 2025. Under the FBT exemption policy, somebody who

The post EV tax lurks worsen budget deficit appeared first on MacroBusiness.

Plans unveiled for what would be the biggest wind farm in South Australia, with two eight-hour big batteries, to help support Whyalla's green steel ambitions.

A wind farm developer is asking for permissions to increase the height of proposed turbines, which it says will help protect Carnaby black cockatoos.

According to the Australian Bureau of Statistics’ (ABS) annual state accounts, Victoria’s per capita GDP fell by 1.2% in 2023-04 and has only risen by 10.4% since the Global Financial Crisis (GFC) of 2008. Victoria’s performance compares poorly against the 1.0% national decline in per capita GDP in 2023-24 and the 14.5% increase recorded since

The post Victoria drives into productivity slow lane appeared first on MacroBusiness.

Albert Edwards of Societe Generale famously coined the phrase “Ice Age” for the period leading up to and after the GFC. The Ice Age thesis was based on the notion that immensely deflationary forces would emanate from a balance sheet recession taking hold in developed economies.  Now Edwards sees the same coming from and for

The post Deflation tsunami sweeps towards Australia appeared first on MacroBusiness.

If it wins the upcoming federal election, the Dutton-led Coalition will commit to implementing a gas reservation policy covering Australia’s East Coast. Under the Coalition’s policy, uncontracted gas sold on the spot market must be reserved for domestic use. The Coalition would force companies to supply the gas domestically by imposing a levy on gas

The post Even the left backs Coalition’s gas reservation appeared first on MacroBusiness.

I am of the school of thought that markets like to fill gaps. When large daily moves transpire, the market tends to reverse and then fill the large moves with smaller moves in the same direction.  It is a little disconcerting when this happens, but the resumption of the trend fills the gaps with more

The post Stocks gap into the gaps appeared first on MacroBusiness.

In yesterday’s blog post I analysed the historical evidence for sophomore surge having an impact in Australian federal elections, dating back to 1998.

“Sophomore surge” refers to the phenomenon of a first-term MP performing relatively better than other candidates for their party, doubly so if they defeated a former MP from another party at the previous election.

I found that the evidence is clear, although the effect is not enormous. Other factors remain more important, but the personal vote can create a skew in the pattern of swings.

The Coalition has failed to deliver any sort of coherent energy and climate policy, and Labor's plans are seriously insufficient.

Klaus Schwab has stepped down as chairman of the World Economic Forum (WEF), ending more than five decades at the helm of the organization he founded in 1971.

Known for its annual gathering of business and political leaders in the Swiss mountain resort of Davos, the WEF and its former leader became symbols of globalization.

Australia’s property obsession is slowly strangling the nation’s economy. According to the Australian Bureau of Statistics (ABS), the total value of Australia’s housing stock reached a record high of $11,032.2 billion at the end of 2024, with the average home valued at $976,800. CoreLogic’s latest monthly chart pack valued Australia’s housing stock at $11.3 trillion as

https://www.youtube.com/watch?v=R4db5qiPzCM

Ukraine’s Blatant Power Play: 5 Shocking Demands That Could Drag Germany into War! | TN World

An explosive open letter from a top Ukrainian diplomat demands Germany’s next chancellor, Friedrich Merz, immediately arm Ukraine with Taurus missiles and billions in aid—risking direct confrontation with Moscow and dragging Berlin deeper into war.

Contrary to Opposition claims, renewable energy is exerting downward pressure on residential electricity prices.