Blogotariat

The Australian Bureau of Statistics (ABS) released data showing that Victoria recorded a net decrease of 7,606 businesses during the 2022-23 financial year. The rising cost of doing business in Victoria prompted many firms to relocate interstate or overseas, with rising state taxes being one of the key reasons cited. By contrast, Queensland experienced the

The post Businesses flee draconian Victoria appeared first on MacroBusiness.

Westpac with monthly consumer sentiment. While sentiment is still firmly pessimistic there finally looks to be some light at the end of the tunnel for Australian consumers. Moderating inflation and shifting expectations for interest rates appear to be the main factors behind the lift, with some additional support coming from the prospect of broader income

The post Aussie consumer and business sentiment still dire appeared first on MacroBusiness.

Energy is everything in the modern economy. It is everything in modernity itself. Keeping the lights on at night kills the ghouls that gave rise to voodoo value systems since the species was born. How any self-respecting modern country can allow its energy supply to be at risk is beyond my understanding. It is an

The post Australian energy markets fall apart appeared first on MacroBusiness.

The US core inflation print surprised to the upside overnight, sending a shock wave through Wall Street and other risk markets with bond yields spiking and the USD soaring higher. Equity futures for Asian share markets look shaky with the Australian dollar breaking down below the 65 cent level and looking very weak. 10 year

The post Macro Morning appeared first on MacroBusiness.

Janet Albrechstsen usually writes LNP partisan garbage, and judging by today, she should stick to it: Nemesis went some way to explaining why. One was Morrison’s problem with women. Normally I’d give a wide berth to ABC types claiming that Liberal men have women problems. It’s usually biased bunkum. But Morrison was dreadful on this

The post Scott Morrison is Australia’s greatest post-war PM appeared first on MacroBusiness.

DXY launched last night: AUD copped the blast: North Asia too: Oil held on, gold gave way: Dirt is in free fall: Miners were whacked: EM too: Treasuries were flogged: And stocks thumped: Goldman with the culprit: January core CPI rose 0.39%, 9bp above consensus expectations and compared to +0.28% in December. The year-on-year rate

The post Australian dollar scorched by hot US inflation appeared first on MacroBusiness.

There is “no way in hell” that Russia will suffer defeat in its conflict with Ukraine, Tesla and SpaceX CEO Elon Musk has said.

Musk, one of the world’s richest men, made the comment on Monday during a discussion about a Senate bill aimed at providing additional US aid to Kiev on X Spaces – part of his social media platform, X (formerly Twitter).

Jeremy Rockliff, the Liberal Premier of Tasmania, has announced that negotiations with two former Liberal MPs have broken down and he will call an early election tomorrow.

Rockliff said John Tucker and Lara Alexander had “failed to commit to a new, enduring agreement”, following their resignations from the Liberal Party in May, 2023. The former Liberals had concerns relating to the proposed Macquarie Point Stadium project. Their resignations sent the government into minority status in the House of Assembly.

Useful idiot for the ABC (Australian Broadcasting Corporation) Paul Barry let it rip on his show Media Watch…

I’ll host on Zoom. I let my paid account go after Covid, but I think I get 45 minutes free anyway.

I’ll post the login details here at 6 pm (Brisbane time) for a 6.30 start.

BYO cocktail.

Breaking: Grid drama in Victoria in midst of heatwave as all four units at Loy Yang trip, transmission lines fail and other generators off line.

Solar for Apartments aims to help around 5,000 apartment owners and renters to install rooftop solar by addressing two key barriers to uptake: cost and complexity.