Blogotariat

Fortescue again delays a decision on what would be Australia's biggest green hydrogen plant, while Forrest appoints a former gas man to head his renewable plans.

Here’s the chart: BTC does not appear to have much of a relationship with gold, though it could be argued it is still in the market share phase of development so the relationship would not be symmetric. Recent ETFs will give that process, if it is such a thing, a boost. For those wanting me

The post Ponzi scheme hits Australian dollar record appeared first on MacroBusiness.

Neoen reveals fall in battery earnings, and an ongoing project delay, as well as falling costs for battery technologies and solar modules, which will lead to lower prices.

Last year, we read multiple headlines claiming that investors were selling their properties, which was supposedly exacerbating the rental crisis by reducing stock. For example, PropTrack Director of Economic Research Cameron Kusher, warned in November that “investors continue to exit the market, which is keeping the overall stock of rental properties low”. Ray White’s September

The post There is no property investor exodus appeared first on MacroBusiness.

By James Moore   I suppose it is an easy argument to make that anyone who sets themselves on fire has mental health issues. Aaron Bushnell, however, seemed beset with conflicts of political morality. When the young active-duty U.S. Air Force serviceman put himself to flame outside the Israeli Embassy in Washington, D.C., he said, and…

The post The Burning Man appeared first on The AIM Network.

Via the ABS comes Private Capex Expectations. Estimate 1 for 2024-25 is $145.6b This is 12.6% higher than Estimate 1 for 2023-24 These numbers are pretty good, given the slowing economy. But you must remember that average realisation ratios tend to slow the growth with each new update.  Much of this survey would have been

The post Capex expectations hold up appeared first on MacroBusiness.

The Business Council of Australia (BCA) has made its pre-budget submission to Treasury, labelling it as a ‘reclaiming our ­competitiveness’ submission. Amongst other things, the BCA is calling on the government to cap real expenditure growth at an annual 2%, adopt a single payroll tax system, and cut regulation and spending. With Australia falling from

The post Business lobby attacks wrong productivity targets appeared first on MacroBusiness.

The owner of Australia's newest big battery says it has been able to charge at low or negative prices and sell into the grid at more than $10,000/MWh during peaks.

The Australian’s Judith Sloan has written a fantastic critique of the Albanese government’s immigration policy. Sloan argues that Labor’s immigration policy represents a wind vane, lacking direction and purpose: “When it comes to the excessive number of migrants entering the country, the Albanese government’s preference is to deny the problem while quietly working in the

The Market Ear with more. We got that July 2023 feeling The perceived NASDAQ bull has been stronger than the actual realized over the past weeks. We have basically been consolidating at highs. We saw a similar development last summer. We see many other similarities between then and now. A break below the trend-line risks

The post Massively overbought market appeared first on MacroBusiness.

The latest US GDP figures took away confidence from US share markets and their European counterparts as the USD found some strength as traders anticipate the upcoming inflation print that could shake things up even further. Bond markets were more sanguine while Bitcoin went nuts returning to its November 2021 highs, while the Australian dollar

The post Macro Morning appeared first on MacroBusiness.

CoreLogic has released its daily dwelling value results for February, which track movements across the five major capital city markets. According to CoreLogic, dwelling values rose by 0.6% at the 5-city aggregate level in February, with growth recorded across every major capital: As you can see, growth was driven by Perth (1.8%), Adelaide (1.1%), and

The post Australian house prices strengthen in February appeared first on MacroBusiness.

DXY was flat last night: The arse fell out of AUD anyway: NZD helped it lower after the RBNZ acknowledged the crushed economy: Oil is plodding along: Dirt yawn: The miners are going to retest the lows: EM yawn: Junk still hoping: As yields roll: Stocks softened: US data was good with solid GDP revisions,

The post Australian dollar forlorn as bullhawks flee appeared first on MacroBusiness.