Blogotariat

Wind and solar, coupled with batteries and pumped hydro deliver the lowest cost transition. Nuclear would be slower and vastly more expensive, modelling shows.

The dreams and delusions of the iMSM: Growth industries will gain federal aid in a Labor plan to unveil budget help for key sectors like clean energy, batteries and critical minerals in a bid to define the economic agenda at the next election by pledging financial support for thousands of new jobs. Prime Minister Anthony

The post Albo: We’ll make solar panels instead of coal appeared first on MacroBusiness.

Prime Minister Anthony Albanese last week spruiked that Labor has created about 790,000 new jobs since it won the May 2022 election. This is an average of 1,220 jobs per day, which Labor says is the highest of any government. However, shadow treasurer Angus Taylor contends that the growth in jobs merely reflects that Australia’s

The post Albo boasts jobs for migrants appeared first on MacroBusiness.

Construction is underway on first stage of one of Australia's biggest batteries, designed to support a major data centre and help usher coal off the grid.

Domain has released its Rental Report for March, which delivered more bad news for tenants. Australia’s rental market experienced a resurgence in rental growth in the first quarter of 2024, resulting in new record asking rents. Combined capital city house rents rose 5% (or $30) during the quarter, the largest quarterly increase in 17 years

The post Australia’s rental market hits “tipping point” appeared first on MacroBusiness.

Hold onto your seats, folks! Instead of our usual live podcast, we’re rolling out a jaw-dropping replay of ‘Revolutionary Investment Opportunities’! Dive into this episode and unlock the secrets to game-changing investments that could reshape your financial landscape! Don’t miss this golden opportunity to elevate your investment game! Get ready to dive into the future

The International Monetary Fund (IMF) has released new research on the effects of monetary policy on housing markets. The IMF concluded that Australians are more sensitive to changes in interest rates than almost any other consumers globally. It stated that Australia’s sensitivity to rate rises was due to its high level of household debt, slack

The post Rate rises hit Australians harder: IMF appeared first on MacroBusiness.

Fed rate cuts got savagely repriced after the hot CPI. June cuts are gone and we are down to just 1.5% of cuts in 2024: For the first time in ages, this is now similar to rate futures in Australia: Negative yield spreads to US are blowing out: Australian disinflation is surpassing the US in

The post RBA to cut before Fed appeared first on MacroBusiness.

On Monday, Seek released data showing that the number of applicants per job ad is running around 60% above pre-pandemic levels, pointing to much higher unemployment: Justin Fabo from Antipodean Macro has created another version of the above chart, which plots Seek’s applicants per job ad data against the number of unemployed: As you can

The post More bad omens for Australian unemployment and wages appeared first on MacroBusiness.

with Stephen Charles AO KC The dire state of truth in Australia’s civic space crystalised in 2023. We had seen the waning influence of News Corp’s impact on our elections and assumed it meant that enough of us were becoming inoculated against the propaganda. The defeat of the notoriously mendacious Coalition government might have signalled…

The post The Meanjin essay: The Voice and Australia’s democracy crisis appeared first on The AIM Network.

Rebar futures firmed a little but SGX fell marginally: Dalian likewise: There’s not much to drive this on as still-ruined steel margins get wrecked by the dirt price rebound, and steel demand wilts. BofA: There’s plenty of iron ore in China: Plenty everywhere: And a lot more coming: Given the coming Chinese completions cliff in

The post Iron ore rocket flames out appeared first on MacroBusiness.

Wall Street tumbled and the USD soared back to strength on the back of a way too hot CPI print overnight, pushing the risk complex into dangerous territory. With the inflation genie nowhere near back in the bottle, bond yields spiked and the USD pushed all the undollars over, including gold which had been robust

The post Macro Morning appeared first on MacroBusiness.

Garnaut-led Zen Energy plans 1GW, 8 GWh pumped hydro project in old coal pit west of Sydney to soak up rooftop solar.