Blogotariat

The sunshine state is at the precipice of transforming from a legacy coal and gas petrostate to a renewable energy superpower.

It is amazing how a big lie can keep on keeping on in the face of the obvious truth: Household real incomes are not expected to recover to their pre-pandemic levels until 2027, with new data showing Australia’s prolonged decline in living standards extended into the second half of last year. …“In Australia these days,

The post She was right but nodody must know appeared first on MacroBusiness.

Bond yields fell back amid the return of Wall Street which fell sharply as tech stocks dragged the edifice down while the USD went soft as dovish comments from the BOE didn’t help. The economic calendar was again fairly empty although the latest European wage data suggested a quietening in inflation on the continent. The

The post Macro Morning appeared first on MacroBusiness.

Led lower by rebar, SGX gave way: Dalian is crashing for iron ore and coking coal: There are multiple causes: “The reality is that post-holiday demand is still not strong,” said Han Jing, a senior analyst at SDIC Essence Futures Co. “Molten-iron output remains lower than expectation, hence a price correction was expected.”  “Headwinds from

The post Iron ore crashes appeared first on MacroBusiness.

In the US, gas is cents above a 30 year low at $2.40Gj. In Europe, gas is $8Gj netback. In Asia, gas is $10.50Gj net back. In Australia, the gas price remains glued to the Albo’s $12Gj price cap, which does not even apply to the spot market: A reminder: we have some of the

The post Global gas collapses. Except in Australia appeared first on MacroBusiness.

The question must be posed: does defending democracy still mean supporting Joe Biden?

And the simplest answer must immediately be proffered: yes, if Joe Biden is the Democratic presidential candidate in November, then defending democracy means vigorously supporting him.

CBA released its investor presentation last week, which included the below chart showing home loan applications by household income band: As shown above, households with incomes above $200,000 have leveraged-up massively into investment property. This cohort accounted for around 60% of all investor home loans taken out in the 6 months to December 2023, according

The imaginative faculties of standard Australian politicians retreat to some strange, deathly place on certain issues. In that wasteland, they are often unrecoverable. Like juveniles demanding instant reward, these representatives find complexity hideous, troubling, discomforting. Focus on the prospect of immediate electoral gain, the crude punch, the bruising, the hurt. That, in sum, is Canberra’s…

The post Border Paranoia in Fortress Australia appeared first on The AIM Network.

My ‘Someday’ wishlist is full of projects I should totally get off my arse and make happen – which never actually happens, of course. So, I came up with a genius idea a while ago for attacking the list.

'Fifteen minute projects’.

I choose something which has been hanging around like a fart in an elevator, and each day I spend a quarter of an hour on it, usually after lunch. Mentally it’s like a quick spritz to get me into the afternoon, and even doing a small measure of work on something you haven’t touched for months or even years feels like genuine progress. Because it is.

Russia must allow an international investigation into the death of opposition activist and anti-corruption campaigner Alexey Navalny, EU’s top diplomat Josep Borrell has said. The 47-year-old Navalny unexpectedly died on Friday in a Russian prison, where he was serving a lengthy sentence stemming from several criminal convictions.

Canada will donate more than 800 SkyRanger R70 drones to Ukraine, Canadian Defense Minister Bill Blair announced on Monday. Kiev has relied heavily on commercial and military UAVs during its conflict with Russia, which will enter its third year on February 24.

“These drones are going to help Ukraine’s front line troops assess targets and threats quickly with accuracy and effectiveness,” Blair stated at a press conference in Toronto.

Origin snaps up Walcha Energy, which has been developing the Ruby Hills wind project and the Salisbury solar project, as it continues talks on Eraring closure timing.