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The post Macro Afternoon: 6 March 2025 appeared first on MacroBusiness.

The most recidivist liar in the parliament is Treasurer Jim “chicken” Chalmers. Treasurer Jim Chalmers says the Australian economy has turned a corner after the strongest GDP growth figures since the pandemic, but economists say any recovery will be shallow as long as productivity remains stuck at 2016 levels and business investment stays tepid. The

The post Chicken Chalmers crows about economic wreckage appeared first on MacroBusiness.

Plibersek approves three big wind projects in NSW, including the state's biggest, its most controversial, and another big asset from Andrew Forrest.

It has been a busy few weeks in geopolitics. Late last week, we changed our portfolio allocation to pull back on stocks in our tactical funds. There are a broad number of reasons that I will discuss in podcasts and the performance report (later this week). The headline is that there is growing execution risk

The post MB Fund Podcast: We Have Been Selling Stocks appeared first on MacroBusiness.

The Australian Treasury is arguably the nation’s most potent lobbyist for Big Australia immigration. Treasury supports mass immigration because it only has two key performance indicators (KPIs) that are narrowly focused and do not align with the broader interests of Australians: Treasury only cares about the health of the federal budget, while ignoring impacts on

Simon Kuestenmacher, dubbed the “Stats Guy”, is a well-known immigration shill. For years, he has spread propaganda to support Big Australia. Last year, Kuestenmacher claimed that Australia’s skills shortages will worsen unless net overseas migration remains at an historically high level. Last month, Kuestenmacher claimed that “Australia is running out of workers and increasingly faces an

The most successful developer of wind, solar and battery projects in Australia reports a surge in storage revenues and earnings before de-listing.

The latest net permanent and long-term arrivals data from the Australian Bureau of Statistics (ABS) showed that 446,504 net migrants arrived in 2024, slightly less than the record 449,813 that arrived in 2023. While net arrivals declined since March 2024 compared to 2023, each month in 2024 was higher than in the corresponding month in

The post Australian population growth reaccelerates appeared first on MacroBusiness.

The Market Ear on the dead cat. NASDAQ – “oversoldest” NASDAQ has not been this oversold since August last year. Note that RSI at these levels, with NASDAQ trading below the 200-day as it touches the big trend line, has only occurred twice before since the great bull started. Source: Refinitiv “Netted out” Gross leverage

The post The dead cat lands appeared first on MacroBusiness.

Quinbrook unveils plans for series of massive eight-hour solar batteries to underpin giant industrial hubs and provide the engine room for green manufacturing.

Wednesday’s Q4 2024 national accounts release from the Australian Bureau of Statistics (ABS) reported that the economy finally emerged from its per capita recession. The economy has finally broken the record seven consecutive quarter streak of real per capita GDP declines with a 0.1% quarterly expansion (with eight out of the last 10 quarters recording

The post Australian households are entrenched in recession appeared first on MacroBusiness.