Blogotariat

Take a look at the below spin from Home Affairs Minister Clare O’Neil, published Wednesday on Twitter (X): “No matter where in Australia you are, the Albanese Government’s first, second, and third priority is doing all we can to help all Australians manage the cost of living”, O’Neil says. Try telling that to Australia’s growing

The post Labor spins cost of living fairy tales appeared first on MacroBusiness.

Coalition's repeated attacks prompts CSIRO boss to publish an open letter defending GenCost report, and science in general.

While battery storage typically benefits from volatility in the energy market, new services markets and contracts for existing and new markets are missing.  

By Gareth Aird, head of Australian economics at CBA: Key Points: We expect the RBA will leave the cash rate unchanged next week in a straight forward decision. The Q4 23 national accounts were probably a touch softer than the RBA anticipated, but not sufficiently so for the RBA to change their communication strategy. As

The post RBA to hold rates next week ahead of easing cycle appeared first on MacroBusiness.

Last week’s Q4 national accounts suggested that Australia’s population grew by a record 680,000 people in 2023, which is the equivalent of around 1.5 Canberra’s. On Thursday, the Australian Bureau of Statistics (ABS) released net permanent and long-term arrivals data for January, which showed that annual net arrivals hit a record 482,000: The next chart

The post Aussie immigration surged higher in January appeared first on MacroBusiness.

The Australian political economy is transformed…into a mental illness. From the hopes of personal freedom, fulfilment, and liberalism of the 1980s Boomer generation, we have shifted into a structurally disenfranchised Generation Y with zero prospect of upward mobility. Wages are low. House prices are impossible. Rents are a moon rocket. This baleful class warfare cuts

The post Australia’s Brave New World appeared first on MacroBusiness.

A firmer than expected PPI inflation print overnight sent Wall Street stumbling again as retail sales also softened greater than expected. This lead to a rise in both the USD and bond yields, muddying the waters on the Fed’s position going into next week’s FOMC meeting. Asian shares had a poor showing yesterday with futures

The post Macro Morning appeared first on MacroBusiness.

Although the words have remained the same, the notions of separation, absence, distance, return, no longer contain the same realities. To understand the world today, we use a language that was established for the world of yesterday. And life of the past seems to us to respond better to our nature, for the sole reason that it responds better to our language.

Grid enhancing technologies are promising to decongest networks and bring in huge amounts of renewables. Can they work in Australia?

It looks like we are headed for a cost-curve shakeout in the FE markets sooner rather than later. Rebar futures are getting there. SGX is aflame: Dalian broke the residence at 800 last night: Coking coal is in free fall: MySteel wraps it nicely: The inventories of finished steel products at the warehouses of Chinese

The post Flaming iron ore comet hurtles towards earth appeared first on MacroBusiness.

The Courier Mail published an article on the worsening rental crisis afflicting Brisbane, with tent cities mushrooming across the city: “The number of people congregating in these kinds of arrangements at the moment is absolutely a function of the lack of housing in the system”, Q Shelter executive director Fiona Caniglia said. “The reason why

The post More Australian renters turfed onto the streets appeared first on MacroBusiness.

Asian share markets are putting in very mixed sessions as the trading week continues with currency markets swinging back against USD. Wall Street is looking to open slightly higher despite the mixed mood with futures bunching up and ready to engage higher heading into the London session. The Australian dollar has been unable to buck

The post Macro Afternoon appeared first on MacroBusiness.