Blogotariat

Oz Blog News Commentary
MacroBusiness Monday, August 4, 2025 - 09:30 Source

Goldman with the note. For much of the week, our Dollar views were on the wrong side of market moves, but the substantial revisions to the employment situation should, in turn, revise the emerging narrative that the FX reaction to tariffs has changed again. On the tariff narrative, we see three key aspects to our

The post Australian dollar whiplash appeared first on MacroBusiness.

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MacroBusiness Monday, August 4, 2025 - 09:00 Source

Well that was an interesting Friday night with the much anticipated non-farm payroll AKA US unemployment print shocking to the downside, with further revisions to prior month prints finally revealing the impact of the Trump regime’s tariff on the domestic economy. Coupled with the passing of the August 1st tariff “deadline” and King Trump spitting

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Monday, August 4, 2025 - 06:33 Source
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THE BLOT REPORT Sunday, August 3, 2025 - 16:19 Source

Very much in the news with the genocide in Gaza is the philosophy or ideology of Zionism and attempts by pro-Israel lobby groups to conflate antisemitism with antizionism, with the bogus ‘report’ to the Australian government by Jillian Segal being a case in point1.

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THE BLOT REPORT Sunday, August 3, 2025 - 15:59 Source
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Renew Economy Sunday, August 3, 2025 - 07:46 Source
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Renew Economy Saturday, August 2, 2025 - 13:13 Source
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MacroBusiness Saturday, August 2, 2025 - 00:10 Source

At the end of 2024, CoreLogic (now Cotality) reported that Australia’s housing affordability—both to purchase and rent—was the worst on record, as illustrated by the graphic below. Home prices relative to incomes, the percentage of income required to service a mortgage, the number of years taken to save a deposit, and the percentage of income

The post Bad news for Australian housing affordability appeared first on MacroBusiness.

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George Monbiot Friday, August 1, 2025 - 17:42 Source

Thanks to the government’s draconian new anti-protest order, it’s almost impossible to tell whether you are or are not breaking the law.

By George Monbiot, published in the Guardian 30th July 2025

I packed a toothbrush, books and a notepad in a small rucksack, took my laptop from the house and hid it, gave my phone to a friend to look after and put a “bust card” (lawyers’ details and legal advice) in my back pocket. I wasn’t certain I would be arrested, but I wanted to be ready. Then I stepped, with other, much braver people into a legal labyrinth.

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Renew Economy Friday, August 1, 2025 - 15:01 Source
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MacroBusiness Friday, August 1, 2025 - 13:30 Source

Prefabricated housing is often touted as a solution to Australia’s housing affordability crisis. This week, 9 News ran an advertorial on Australia’s budding prefabricated housing industry, which it heralded as “a potential new dawn for Australia’s housing crisis”. These homes, which can be constructed in 10 to 12 weeks and can be “generally installed in one

The post Prefabricated homes won’t improve affordability appeared first on MacroBusiness.

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MacroBusiness Friday, August 1, 2025 - 13:00 Source

What do you think happens when you try to manage a narcissist with a narcissist? Both pretend the other does not exist. AFR. Leavitt said of the country’s 18 largest trading partners, two-thirds had a deal. Australia is among the huge majority of countries that have not yet struck a deal and is facing the

The post How much must we pay for the Rudd tariff? appeared first on MacroBusiness.

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MacroBusiness Friday, August 1, 2025 - 11:30 Source

Goldman wraps the EOFY bump in retail sales. Nominal retail sales rose 1.2%mom in June, above expectations (GSe:+0.9%mom, BBG: 0.5%mom). The quarterly data were also firmer than expectations, with volumes rising 0.3%qoq in 2Q 2025 (GSe: -0.3%qoq, BBG:+0.1%qoq). That said, the acceleration in volumes growth was driven by a rebound in Queensland following flood-related weakness

The post Retail sales less than meets the eye appeared first on MacroBusiness.

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MacroBusiness Friday, August 1, 2025 - 11:00 Source

The Australian Bureau of Statistics (ABS) released dwelling approvals data for June, which posted another solid rise. There were 15,984 dwellings approved in trend terms in June, the highest volume since September 2022. Despite the rebound, approvals remained 20% below the monthly 20,000 run rate required to meet the Albanese government’s target to build 1.2

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MacroBusiness Friday, August 1, 2025 - 10:30 Source

The ferrous complex likes to stick to seasonal patterns, but the sgtins are not good when steel gives way. Nor when PMIs give way. China official NBS manufacturing PMI: 49.3 in July, vs. 49.7 in June. Official non-manufacturing PMI: 50.1 in July, vs. 50.5 in June. The construction PMI fell notably in July to 50.6

The post Iron ore swims as China sinks appeared first on MacroBusiness.

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Renew Economy Friday, August 1, 2025 - 10:00 Source
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xkcd.com Friday, August 1, 2025 - 10:00 Source

Achilles was a mighty warrior, but his Achilles' heel was his heel.

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MacroBusiness Friday, August 1, 2025 - 09:30 Source

King dollar is back. AUD is beheaded by the king. Lead boots give up. Oil and gold mark time. Metlas mania implodes. Big mininig, big bear intact. EM flames out. Junk OK. Yields firm. Stocks stall. The market is just far too short US dollars triggering a short squeeze. As its economy and assets outperform.

The post Australian dollar slain by the king appeared first on MacroBusiness.

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Renew Economy Friday, August 1, 2025 - 09:06 Source
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Renew Economy Friday, August 1, 2025 - 09:04 Source
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MacroBusiness Friday, August 1, 2025 - 09:00 Source

Sticky tariff induced inflation in the US overnight sent Wall Street lower as the expectation of rate cuts were diced as the latest PCE came in higher than expected. The Trump regime continues to bully Canada with the probability of 35% tariffs rising as no deal or framework before the August 1st “deadline” while Mexico just

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Thursday, July 31, 2025 - 15:11 Source
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Renew Economy Thursday, July 31, 2025 - 14:46 Source

transmission towers

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Renew Economy Thursday, July 31, 2025 - 14:42 Source
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MacroBusiness Thursday, July 31, 2025 - 14:00 Source

You know it’s bad when major miners play second fiddle to the gas cartel. Via The AFR: Rio Tinto’s Jakob Stausholm delivered Labor a brutal parting warning that Australia’s energy prices are incompatible with its goal of manufacturing at home, and warned the economy risks being undercut by more competitive markets in the battle for

The post Gas cartel destroys Made in Australia appeared first on MacroBusiness.

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MacroBusiness Thursday, July 31, 2025 - 13:30 Source

The 2023-24 Victorian Budget stated that it expects the federal government to provide an additional “matching contribution” of around $9.6 billion for the first stage of its Suburban Rail Loop (SRL) project. The State Budget also stated that the Victorian government plans to raise around $11.8 billion from so-called “value capture”, which would involve charging

The post Victorians robbed blind by loopy rail line appeared first on MacroBusiness.

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MacroBusiness Thursday, July 31, 2025 - 13:00 Source

As noted many times, the idiocy of the Australian economy often plays out in the singular goal of local fund managers. To be long either mining or banks at the right moment, so you can outperform your peers. That’s all there is to it in the Houses and Holes economy. Recently, we had some bold

The post Mining rotation collapses appeared first on MacroBusiness.

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Renew Economy Thursday, July 31, 2025 - 12:31 Source

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MacroBusiness Thursday, July 31, 2025 - 12:30 Source

US President Donald Trump has flagged an increase in his ‘liberation day’ baseline tariff to between 15% and 20%. Trump said countries that do not negotiate a special deal with the US will face an increase in the baseline tariff, which was originally set at 10%. “We are going to be setting a tariff, for

The post Why should Australia negotiate another US FTA? appeared first on MacroBusiness.

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Renew Economy Thursday, July 31, 2025 - 12:21 Source

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