Blogotariat

Crikey wraps the controversy. In case you missed the back and forth yesterday, US President Donald Trump has been a touch annoyed at former Liberal PM Malcolm Turnbull telling Bloomberg the 78-year-old was “chaotic, rude, abusive and erratic” and his treatment of America’s allies would ultimately benefit China. Responding on his Truth Social platform, Trump

The post Let a thousand Malcolm’s bloom appeared first on MacroBusiness.

But still afraid. Westpac. • Westpac Consumer Sentiment Index up 4% to 95.9 in March. • Slowing inflation and rate cut lift confidence to three-year high. • Unsettling overseas news looks to be weighing on the outlook for the economy. • Sentiment towards major purchases showing a promising improvement. • Consumers’ own finances stabilising and

The post Consumers less afraid appeared first on MacroBusiness.

What is the worst idea you can think of for Australia’s failed East Coast gas market? How about government’s underwriting LNG imports that will raise your bills 80%? You got it! The Australian. A Victorian government-led proposal to underwrite LNG imports could hike domestic gas prices and introduce a fresh risk of political intervention in

The post Government embraces gasmageddon appeared first on MacroBusiness.

New conservative alliance clears first hurdle for forming a new government by agreeing on electricity price cuts, and a continuation of the country’s landmark energy transition.

DXY held on as safe haven flows pick up despite the new super EUR. AUD crashed against everything. Lead boots stable Oil needs to be in the $50s. Commods are far too high for a US recession. Miners = dogs. EM likewsie. Junk is serene. Maybe it needs to break to flush this bearish impulse.

The post Australian dollar crashes with everything appeared first on MacroBusiness.

Australia needs to break through oligopolies and heavy handed bureaucracies to achieve goal of becoming green superpower.

  AUD/USD     EUR/USD     USD/JPY     GBP/USD     Gold     WTI     Brent     Australia 200     US S&P 500     UK 100     Japan 225  

The post Macro Afternoon: 10 March 2025 appeared first on MacroBusiness.

Coalition senator has long called for Australia to build new coal power plants -- except now he's supposed to be supporting nuclear.

Australian company that specialises in pole mounted battery inverter technology that helps stabilise the grid raises significant funds to boost expansion.

In the 2010 federal election, the incumbent Australian Labor Party, led by Prime Minister Julia Gillard, won a second term after forming a minority government with three independent MPs. A result similar to the 2010 federal election looks like the most likely outcome of the upcoming federal election. The latest Newspoll for The Australian shows

The post History repeating as hung parliament looms appeared first on MacroBusiness.

In January, Domain published a series of charts showing that Australia’s housing affordability was the worst in recorded history. The national dwelling value-to-income ratio hit an equal record high of 8.0 in Q3 2024, up from a 20-year average of 6.7. The amount of time taken for the median-income household to save a deposit on

The post Australia’s housing affordability crisis deepens appeared first on MacroBusiness.

Australians have endured the largest cost-of-living shock in modern history. The following chart deflates the Australian Bureau of Statistics’ (ABS) official wage price index against the ABS’ cost of living index for employee households. On this measure, Australian real wages in Q4 2024 were tracking 10.1% below the peak at around Q1 2012 levels. The