Blogotariat

A busy night of data, geopolitics, plus absurd politics as the Trump regime looks to fire Fed Chair Powell because he won’t lower rates (even though he only has one vote and there’s clear evidence of an inflationary push from the tariffs). This kept Wall Street on its toes but eventually Trump TACO’d out again

The post Macro Morning appeared first on MacroBusiness.

The activist group Palestine Action was designated a terrorist organization by by Parliament on July 2 after it splashed red paint on a British war plane in protest of it assisting Israel’s genocide in Gaza. The non-violent group is in court challenging its designation by a violent government. The author, a former British diplomat, was in the courthouse and filed this report. This is the second and last installment of his two-part article.

Another possible surrogate for the control of potential enemies of society is the reintroduction, in some form consistent with modern technology and political processes, of slavery. Up to now, this has been suggested only in fiction, notably in the works of Wells, Huxley, Orwell, and others engaged in the imaginative anticipation of the sociology of the future.

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Most people have been appalled or sickened by the images coming from Gaza, of flattened cities, rows of shrouded corpses, dead or dismembered children, mangled babies, emaciated children, lists of journalists and health-workers targeted. In the western world, people have been demonstrating in their many thousands against this genocide in Gaza. So what do governments do? They are more concerned with placating Israel and stopping the protests than stopping the genocide, even to the point of criminalised protesting1. 

China solar giant proposes huge solar and battery hybrid project, designed to tap into a new wave of industrial and electrification loads on Australia's western grid.

Risk markets continue to weigh up last night’s US CPI print with tariff inflation beginning to hit the US domestic economy, with the Fed likely to hold instead of cut for the rest of the year. More “frameworks” and “thinkings about deals, maybe” are being announced by the Trump regime as US Treasury yields drift

The post Macro Afternoon appeared first on MacroBusiness.

As we know, Australia hates Donald Trump in part because of his stance on climate change. What most Australians don’t know, however, is that the US has done a much better job of decarbonising itself cheaply than we have. The recent change has been part of the post-COVID recovery. While the US has rehabilitated industry,

The post US energy transition far better than Australia’s appeared first on MacroBusiness.

Natalie Collard, the CEO of Farmers for Climate Action, discusses how renewables can boost farm incomes, strengthen local economies, and creating a more equitable energy future. Natalie Collard is the CEO of Farmers for Climate Action.

The groveller-in-chief will grovel. China Daily, a state media outlet, trumpeted the unusual length of Albanese’s visit (six days) and claimed the prime minister’s office saw the trip as a “friendly gesture” made “against the backdrop of rising tensions between the United States and many countries”. …Earlier in the day, TV journalists at the Drum

The post Albo is a Xi Jinping mini-me appeared first on MacroBusiness.

Kean hails "revolution" in solar and storage that could upturn assumptions about transition, as EY says existing technologies will make high ambition targets affordable.

The Market Ear with equities latest. Tech mania Stat of the day: “In the past 3 months since April, global investors have raised their allocation to the tech sector by the largest amount since Mar’09“. Source: BofA NASDAQ – no problem? NASDAQ futures printing new ATHs as of writing as tech breaks above the little

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The ferrous complex is looking toppy. Yesterday’s June data was bad for Chinese steel. The only conclusion one can draw from this chart is that deep output cuts are underway. Private data is not capturing it. The decline of green steel continues. But both BOF and EAF output have topped at the mid-year peak well

The post Chinese steel sickens appeared first on MacroBusiness.

Last month, credit ratings firm S&P estimated that Australia’s state and federal governments’ combined budget deficits totalled $52 billion, with net debt exceeding 60% of GDP. This translates to a $1,897 per capita deficit and a net debt of $45,183 per person. Meanwhile, the aggregate net debt of the federal, state, and territorial governments is