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Renew Economy
Monday, March 24, 2025 - 13:10
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MacroBusiness
Monday, March 24, 2025 - 13:00
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Every time I read one of these articles, the Grattan Institute appears as the independent voice of reason. SMH. As the risk of shortfalls edges closer, state and federal energy ministers are becoming increasingly worried that talks between LNG terminal developers and prospective customers appear deadlocked, with neither party able to agree on price and The post Grattan’s Institute pumps Gasmageddon appeared first on MacroBusiness. |
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MacroBusiness
Monday, March 24, 2025 - 12:30
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Goldman with the argument. USD: Diminished, not finished. We downgraded our Dollar forecasts last week but still expect some Dollar strength from current levels. …we think the market has rapidly repriced the shift in the growth outlook, and ran ahead of the forecast changes our teams have made for 2025. In the case of the The post Australian dollar to boom or bust with Europe? appeared first on MacroBusiness. |
John Quiggin
Monday, March 24, 2025 - 12:17
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Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. |
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MacroBusiness
Monday, March 24, 2025 - 12:00
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Former Treasury Secretary Dr Martin Parkinson, who led the federal government’s 2023 Migration Review, admitted that Australia’s mass immigration policy has failed to provide the nation with the skills it needs and has contributed to poor productivity growth. As part of a campaign entitled Activate Australia’s Skills, Dr Parkinson called for a nationally cohesive approach |
MacroBusiness
Monday, March 24, 2025 - 11:30
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The great coal crash continues. Thermal coal has broken $100 and continues to fall. Coking coal is the mirror image. I see no end in sight to either. The less gloomy news is the price falls are more or less on track for the budget. Key commodity prices are assumed to decline from elevated levels The post Coalamity continues appeared first on MacroBusiness. |
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MacroBusiness
Monday, March 24, 2025 - 11:00
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In late 2023, newly appointed Victorian Premier Jacinta Allan ignored expert advice and signed the tunnelling contract to build the first stage of the $200 billion Suburban Rail Loop (SRL). “We are full steam ahead with the Suburban Rail Loop – by 2026, tunnel boring machines will be in the ground and Victorians will be The post Victorians sucked into infrastructure black hole appeared first on MacroBusiness. |
xkcd.com
Monday, March 24, 2025 - 11:00
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Your Democracy
Monday, March 24, 2025 - 10:48
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AT WHICH POINT OF TECHNOLOGICAL EVOLUTION DOES THE NEEDS TO HAVE GREATER ORGANISATION OF SOCIETIES BEYOND SIMPLE MUTUAL AID? IS THERE A NEED TO MAKE PROFITS IN ORDER TO EVOLVE TO THE NEXT STEP OF WHAT WE WANT, BEYOND WHAT WE NEED? DO WE NEED WARS? DO WE UNDERSTAND THE IMPLICATION OF DEBT? IS DEBT NECESSARY ON A GREATER SCALE TO SUPPLY PROFITS FOR CORPORATIONS AND WAGES TO THE PEOPLE? IS DEBT A BURDEN ON THE NATURAL ENVIRONMENT? |
MacroBusiness
Monday, March 24, 2025 - 10:30
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The Market Ear with a pearler. A key risk to the market Foreigners hold a record amount of US stocks. And they have just started selling. Deutsche Bank says that there could easily be one trillion dollars of foreign selling. This is way bigger than the corporate demand (=the biggest buyer) estimated this year. Is The post Who’s left to sell America? Everybody appeared first on MacroBusiness. |
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MacroBusiness
Monday, March 24, 2025 - 10:04
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Slightly better and going nowhere fast. Flash Australia PMI Composite Output Index(1): 51.3 (Feb: 50.6). 7-month high. Flash Australia Services PMI Business Activity Index(2): 51.2 (Feb: 50.8). 2-month high. Flash Australia Manufacturing Output Index(3): 51.9 (Feb: 49.7). 29-month high. Flash Australia Manufacturing PMI(4): 52.6 (Feb: 50.4). 29-month high. There’s enough for Warren Hogan to have The post Aussie flash PMI crawls appeared first on MacroBusiness. |
MacroBusiness
Monday, March 24, 2025 - 10:00
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The iron ore jaws are wide. Either rebar must rise or iron ore fall. Not much hope of the former! Steel demand sucks. Steel supply is better this week but still sucks. May is not a good period for iron ore, and March has been unseasonably weak already. Mwahaha. The post Iron ore jaws yawn wider appeared first on MacroBusiness. |
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MacroBusiness
Monday, March 24, 2025 - 09:30
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Oh dear. The Australian. Jim Chalmers will extend energy bill rebates for another six months in Tuesday’s budget, adding an extra $1.8bn to the pre-election spending splurge with an aim of setting up a cost-of-living fight with Peter Dutton. Despite energy bills being set to increase by up to 9 per cent next financial year, The post Labor embraces Gasmageddon appeared first on MacroBusiness. |
MacroBusiness
Monday, March 24, 2025 - 09:00
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Friday night saw a very hesitant risk complex trying to digest the recent Bank of England and Swiss Central Bank meetings, while trying to anticipate what the Fanta Fuhrer in the Oval Office is going to do next with tariffs. Wall Street initially pulled back slightly in line with European stocks before rebounding later in The post Macro Morning appeared first on MacroBusiness. |
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Renew Economy
Monday, March 24, 2025 - 08:30
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Your Democracy
Monday, March 24, 2025 - 07:54
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Response to the latest Israeli/US slaughter in Gaza shows the world’s citizens looking into a moral precipice. How will they act? Will they ponder the principles of humanitarian law let alone ideals of a common humanity? Can there exist any citizens who support Israeli/US brutalities and the cowardly complicity of Western governments, including Australia’s? If so, will they please step forward.
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Your Democracy
Monday, March 24, 2025 - 07:30
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Esoteric Trumpism delves into the profound and often unexplored dimensions of Donald Trump’s political journey, presenting it as a pivotal moment in the grand narrative of Western civilization. Through the lens of Oswald Spengler’s cyclical theory of history, the book explores Trump as a Faustian figure, striving against the tide of decline, embodying the spirit of American exceptionalism and the fierce battle for national identity.
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MacroBusiness
Monday, March 24, 2025 - 07:00
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Harry Ottley, economist at CBA, published a terrific set of charts showing the explosion in non-market jobs, where there is often a lack of market prices and wages are heavily subsidised by the government, and the implications for Australia’s labour productivity. Ottley shows that in the year to Q4 2024, the number of employed persons The post Australia is sowing the seeds of a productivity disaster appeared first on MacroBusiness. |
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Your Democracy
Monday, March 24, 2025 - 05:31
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George Monbiot
Monday, March 24, 2025 - 02:19
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For the first time, the government is consulting on a Land Use Framework for England. It’s an important step, but there’s a long way to go. By George Monbiot. This is my response to the government’s Land Use Consultation, sent on 23rd March 2025. |
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George Monbiot
Monday, March 24, 2025 - 01:54
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As deliberately-contaminated sewage sludge is spread on farmland, it feels as if humanity is on a suicide mission. By George Monbiot, published in the Guardian 21st March 2025 If humanity has an epitaph, it might read something like this: “Knackered by the things we missed.” It is true that several existential threats are widely known and widely discussed. But some of the greatest dangers we face appear on almost no one’s radar. |
MacroBusiness
Monday, March 24, 2025 - 00:05
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The Department of Education released data on the number of international students studying in Australia. A record 1.095 million international students were enrolled in Australia at the end of December 2024. This was up around 150,000 from the pre-COVID peak in 2019 and around 500,000 higher than a decade ago. International student commencements also hit |
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Your Democracy
Sunday, March 23, 2025 - 21:46
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How the West Made Trump's Destruction Possible A guest article by Herfried Münkler on DER SPIEGEL Donald Trump's geopolitics resembles a gigantic demolition project. The world after him will be a landscape of rubble. And will Europe be a plaything of the great powers? |
Your Democracy
Sunday, March 23, 2025 - 12:52
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Households are guaranteed a further $150 in energy bill rebates after the Coalition immediately matched Labor’s budget commitment, despite describing the support as a “Band-Aid to a bullet wound” of high power prices. |
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Your Democracy
Sunday, March 23, 2025 - 10:19
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A delivery of second-hand Australian Abrams tanks to Ukraine faces possible complications after US President Donald Trump's recent temporary freeze on military assistance to the war-torn nation. |
THE BLOT REPORT
Sunday, March 23, 2025 - 10:13
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The decline in religion is something that interests me greatly, as anyone who reads this blog can attest. I originally wrote about in in 2019, with an essay on the decline of religion in the Anglophone world, wherein I tracked the proportion of the population who, according to the census, had no religious affiliation. In 1966, only 0.8% of the population reportedly had no religious affiliation whereas, at the time the last census for which data was available (i.e. that of 2016), indicated that 30.1% of the population had no religious affiliation1. |
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Your Democracy
Sunday, March 23, 2025 - 09:34
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John HewsonRoad map to a US reset |
Your Democracy
Sunday, March 23, 2025 - 09:26
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A New York Times report on Thursday is either fake or people at the FBI or CIA ran to the paper to undermine their boss, though there’s no real reason both can’t be true. |
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Renew Economy
Sunday, March 23, 2025 - 08:44
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Renew Economy
Sunday, March 23, 2025 - 08:32
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Australia must take up the challenge presented by its rift with the United States over trade and foreign policy to strengthen bilateral relationships with other countries in these critical areas. We should also move to capitalise on the opportunities President Donald Trump has created by pulling back on climate commitments and USAID.
