Blogotariat

Asian share markets are reeling again as King Trump goes full swagger with his tariff threats, shooting the US consumer in both feet with confirmed tariffs on Canada, Mexico and China. The retaliations have been swift, so we’re off to a trade war! This has seen confidence evaporate in the USD just as we ramp

The post Macro Afternoon appeared first on MacroBusiness.

Draft strategy says batteries of all sizes - and deep storage - are critical to Victoria's future energy infrastructure. And it calls for all replacement appliances to be electric.

Wages should be firm according to the latest Indeed job ad index. ANZ-Indeed Australian Job Ads declined 1.4% m/m in February, but this follows an upwardly revised 1.3% m/m rise in January. In trend terms, the series was down 0.3% m/m. ANZ-Indeed Australian Job Ads is down 9.2% annually. The series is just 0.9% higher

The post Inflation gauge collapses below lunatic RBA target appeared first on MacroBusiness.

Last month’s interest rate cut from the Reserve Bank of Australia (RBA) was about as hawkish as possible. The RBA’s statement explicitly noted that the decision to cut the official cash rate by 0.25% was ‘line-ball’ with upside risks to inflation remaining: “However, upside risks remain. Some recent labour market data have been unexpectedly strong,

The post RBA cools April rate cut hopes appeared first on MacroBusiness.

The latest quarterly retail sales data from the Australian Bureau of Statistics (ABS) revealed that real per capita sales increased by 0.4% in Q4 2024, the highest growth rate since Q1 2022. January’s retail sales data have been released, which rose by 0.3% over the month, in line with economists’ expectations. Over the year, retail

The post Rebound in Aussie retail sales continues appeared first on MacroBusiness.

What do you do when the food sector gets together to tell the truth about the government’s failures? Fix the problems? No! Pay them off. The Australian. The food sector has united to ­accuse the Albanese government of failing to act on rising prices ­despite a growing number of working Australians going hungry, warning that

The post Aussies starve as gas cartel chokes food supply appeared first on MacroBusiness.

Gerard Minack stating the obvious with his usual savoir-faire. Australia returns to mediocre growth Australia is recovering from a year when policy tightening snuffed out private sector growth.  The recovery will likely be uneven reflecting still-tight monetary policy.  Trend per capita growth will remain mediocre because low investment and high population growth unsurprisingly lead to

German developer proposes a solar-battery near the tiny town of Deepwater, just inside the northern edge of the New England REZ.

Increasingly, it appears DXY is topped and EUR bottomed. AUD follows EUR but it will be held back by CNY this time. Gold up. Is oil about to do what it should, finally? Chinese demand growth is dead. OPEC to go ahead with production increase. Bonus chart! There is room for lower oil. Commods meh.

The post Australian dollar rises with Germany appeared first on MacroBusiness.

Wall Street crumbled overnight as the realisation has set in that the Don in the Oval Office is hell bent on creating a recession in the US with the slew of tariffs that are now going to go ahead against almost every single major trading partner. The latest ISM print didn’t help either while European

The post Macro Morning appeared first on MacroBusiness.

The energy industry has assumed consumers manage their energy use like ‘mini-economists’ or ‘mini-engineers.’ Digital sociologist Professor Yolande Strengers says this is wrong.

Metricon Homes CEO Brad Duggan warns that Australia cannot house its growing population, and believes the federal government must adopt a “wartime response” to the housing crisis. Based on current construction rates, Duggan adds that the government’s target of building 1.2 million homes in the five years from mid-2024 will likely fall about 300,000 short.

The post Australian housing chiefs ignore too many Indians appeared first on MacroBusiness.