Blogotariat

As a politician, you have got to know when to hold them and when to fold them. During a cost-of-living crisis, the last thing a politician seeking election should do is oppose tax cuts for three-quarters of the voting population. Yet, that is exactly what the Coalition did in response to Labor’s modest tax cuts

The post Coalition signs its own election death warrant appeared first on MacroBusiness.

As the April 2 deadline the ultimate round of US tariff’s beckons, the Fanta Fuhrer couldn’t help shoot early with a blanket 25% car tariff, thus dooming the domestic US car industry as the world will shift to boycott US made vehicles. Great work Donny! Trump’s Tariff Tirade beckons. European shares were able to rebound

The post Macro Morning appeared first on MacroBusiness.

There’s a scandal exciting American mainstream media and minds, and it has to do with bombing. Yet there is an important nuance: it is not the bombing itself that is so scandalizing.

What is troubling many Americans is neither what Russian philosopher Aleksandr Dugin has rightly called the Israeli genocide of the Palestinians with US bombs and support nor the renewed American air campaign against Yemen.

Data released this month by the Australian Bureau of Statistics (ABS) showed that the total value of Australia’s dwelling stock hit a record high of $11,032.2 billion at the end of 2024, with the average dwelling valued at $976,800. The hyperinflation of home values helps to explain why Australian households are ranked among the wealthiest

The post Australian property: an $11 trillion productivity drain appeared first on MacroBusiness.

Energy expert says massive pumped hydro project favoured by successive state governments is in a bad location, and alternative sites could be much cheaper.

The revelation was somewhat sudden, but it shocked the entire French government and a section of the European elite at once: to make munitions, to make cannons and airplanes, to train men and prepare them for war, it now seems undeniable that a hell of a lot of money is needed.

The big bucks of war...  by h16

The Market Ear argues for the reverse pivot today. Europe vs US is done 1. Valuation gap closed… SAP on 40x, GOOG on 18.5x, MSFT on 29x. Mag7 valuation now looking ‘cheap’ vs historic 2. Europe benefited from exodus from US tech , US tech as a sell is significantly less obvious here 3. Market

The post American stocks are back! appeared first on MacroBusiness.

The federal budget didn't contain any surprises, but experts are hoping consumer-level energy initiatives are being saved for the election.

Massive offshore wind project in Gippsland wants to erect turbines that are 375m tall, but that is just one small part of the work ahead.

Last week, the Albanese government pledged over $800 million in production subsidies to a green hydrogen development in remote Western Australia. This is part of an $8.7 billion federal government war chest to create incentives for green hydrogen. Labor’s Future Made in Australia (FMIA) plan, announced in 2024, provided a budget allocation of $6.7 billion

The post Bowen blows billions on green hydrogen fantasy appeared first on MacroBusiness.

Florida Gov. Ron DeSantis has a big-name supporter for a possible presidential run in 2024: Elon Musk. 

Musk came out for the sunshine state gov in a brief Twitter conversation Friday night with the account @ProudElephantUS, who asked if he would back DeSantis.

“Yes.” Musk replied, before adding, “But Twitter as a platform must be fair to all.”

Via the ABS. CPI analytical series Seasonally adjusted 2.4 CPI excluding volatile items* and holiday travel 2.7 Annual trimmed mean 2.7 Most are components coming off except regulated prices like education, alcohol and tobacco, and health, which will fall in due course given they are indexed to the headline benchmark, which has crashed. It’s over.

The post Monthly CPI misses again appeared first on MacroBusiness.