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Oz Blog News Commentary
MacroBusiness Wednesday, December 10, 2025 - 11:30 Source

The ABC’s Ian Verrender neatly summarised the forms of East Coast gas reservation being considered by the Albanese government as it attempts to overcome a pending supply shortfall: Those in the know say the federal government is considering two options. The first option is that each of the exporters must supply a certain quantity of

The post Albo readies useless gas reservation policy appeared first on MacroBusiness.

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MacroBusiness Wednesday, December 10, 2025 - 11:00 Source

The latest Statement of Monetary Policy from the Reserve Bank of Australia (RBA) forecast that the official unemployment rate would remain around its current level until the end of 2027: With “full employment” being one of the RBA’s mandates (the other being “price stability”), an increase in unemployment significantly above the forecast implies an increased

The post Unemployment jumps amid “labour market stagnation” appeared first on MacroBusiness.

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xkcd.com Wednesday, December 10, 2025 - 11:00 Source

'That's definitely above the catch-and-release size minimum for planetesimals.' 'I'm going to throw it back anyway.'

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MacroBusiness Wednesday, December 10, 2025 - 10:30 Source

When China first began its meteoric rise to unparalleled industrial superpower, there were nations around the world who saw the Middle Kingdom’s rise as an opportunity, a new market in which to sell their goods. And for a while, the relationship between China and, in particular, Europe was heavily defined by the rise of the

The post Trade war goes global appeared first on MacroBusiness.

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MacroBusiness Wednesday, December 10, 2025 - 10:00 Source

Before Tuesday’s interest rate decision, financial markets anticipated that the Reserve Bank of Australia (RBA) would deliver one more 25-bp rate hike in 2026 amid rising inflation concerns. Tuesday’s NAB Business Survey for November suggested that Australia’s inflation is not as broad-based as thought and also pointed to a further softening of the labour market—both

The post Beware the inflation head fake appeared first on MacroBusiness.

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Renew Economy Wednesday, December 10, 2025 - 09:55 Source

Waratah Super Battery.Lithium-ion battery prices fall to record low, with grid scale storage plunging 45 per cent in the last year, new survey shows.

The post Lithium-ion battery pack prices for the grid plunge by 45 per cent in past year appeared first on Renew Economy.

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The Tally Room Wednesday, December 10, 2025 - 09:30 Source

Recent reporting, and my own experience, indicates that the federal Labor government is seriously considering an expansion in the size of the Australian federal parliament, echoing the previous expansions in 1948-49 and 1983-84. But they are yet to commit to the issue.

Conversations with figures in the Labor government suggest that they are hoping to gain bipartisan support for the change, but recent rhetoric from opposition figures suggest that is unlikely to happen, regardless of the merits.

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MacroBusiness Wednesday, December 10, 2025 - 09:30 Source

The Pacific Peso is on fire even before the RBA’s “hawkish hold” at yesterday’s meeting, keeping in on its short term trend that has seen it breach and hold the 66 cent level against USD. However its performing much better against the Asian countries, making a new yearly high against Yen: In fact it maybe

The post Australian dollar hits yearly high against Yen appeared first on MacroBusiness.

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MacroBusiness Wednesday, December 10, 2025 - 09:00 Source

Wall Street remained in a hold pattern overnight as everyone awaits the FOMC meeting with a selloff in Treasuries keeping USD somewhat supported, particularly against Yen while European shares also went nowhere. Yesterday’s RBA meeting where a hold was handed down amid hawkish commentary saw a selloff in local stocks and bonds as well with

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Wednesday, December 10, 2025 - 08:58 Source

 

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MacroBusiness Wednesday, December 10, 2025 - 08:00 Source

I reported on Tuesday on how the Albanese government will end its energy bill subsidies at the end of the year. The bill subsidies have cost taxpayers almost $7 billion since their introduction following the start of the war in Ukraine. With the energy bill subsidies removed, Australian voters will bear the true cost of

The post Australia can’t subsidise its way out of energy Armageddon appeared first on MacroBusiness.

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Renew Economy Wednesday, December 10, 2025 - 07:53 Source

French oil giant developing massive multi-gigawatt solar and battery project south of Darwin that may be rival to bigger SunCable project further south.

The post French oil giant emerges as rival to SunCable with plans for massive solar and battery facility near Darwin appeared first on Renew Economy.

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John Quiggin Wednesday, December 10, 2025 - 07:34 Source

How my AI report on housework started well, then went off the rails

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Your Democracy Wednesday, December 10, 2025 - 06:42 Source

From being custodians of public knowledge, governments are turning to architects of manufactured ignorance. Amid disappearing evidence, citizens are struggling to hold power to account.

Around the world, governments are quietly deleting, manipulating, or withholding public data at an unprecedented scale, which is a direct threat to democratic accountability.

 

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Your Democracy Wednesday, December 10, 2025 - 05:44 Source

 

Ukrainian President Volodymyr Zelenskyy held a meeting with Pope Leo XIV at Castel Gandolfo, located outside Rome.

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MacroBusiness Wednesday, December 10, 2025 - 00:05 Source

Research by Super Consumers Australia has found that the typical single retiree paying rent needs $659,000 in superannuation to enjoy a financially secure future, more than twice the $322,000 required by a homeowner. Couples face a similar gap: $786,000 for renters versus $432,000 for homeowners. Renters are three times more likely to struggle financially in

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Renew Economy Wednesday, December 10, 2025 - 00:05 Source

 Neoen AustraliaAEMO's latest ISP says wind, solar and storage still cheapest option to replace coal, but warns that slower rollout may result in missed targets.

The post ISP warns of missed targets and added costs from delays, and as LNP throws coal spanner in the works appeared first on Renew Economy.

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Renew Economy Wednesday, December 10, 2025 - 00:03 Source

TransmissionLineSA-copy-2The ISP remains the best planning document stakeholders could wish for. Its weakness is it’s only a planning document, someone else has to implement it.

The post AEMO’s latest ISP plots a steady course, but private sector is running out of excuses appeared first on Renew Economy.

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Your Democracy Tuesday, December 9, 2025 - 21:53 Source

 

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Renew Economy Tuesday, December 9, 2025 - 16:40 Source

Contractor signed up for early works at one of the biggest battery projects in Queensland, with construction to start next year.

The post Contractor signed up for early works at one of Queensland’s biggest battery projects appeared first on Renew Economy.

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MacroBusiness Tuesday, December 9, 2025 - 16:00 Source

All eyes on the RBA in its last meeting of the year today with a hawkish hold the expected outcome which gave the Aussie dollar a small boost but stocks didn’t like the result. Other Asian share markets are on the back foot due to a listless Wall Street as we head into the final

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, December 9, 2025 - 15:17 Source

Two renewable energy projects have taken important next steps forward this week in state's race to meet pledge to quit coal by the end of the decade.

The post State moves ahead on new wind farm and Indigenous-backed energy parks in race to quit coal appeared first on Renew Economy.

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Renew Economy Tuesday, December 9, 2025 - 14:52 Source

Gladstone coal power station Queensland small iStock-1462105369

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MacroBusiness Tuesday, December 9, 2025 - 14:40 Source

As expected, the Reserve Bank of Australia (RBA) has unanimously chosen to keep the official cash rate on hold at 3.60%. In its media release accompanying the decision, the RBA suggested that “temporary factors” are behind much of the recent rise in inflation, but also admitted that it is unsure of the extent: While inflation

The post RBA holds, cites signal versus noise appeared first on MacroBusiness.

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Your Democracy Tuesday, December 9, 2025 - 14:07 Source

European leaders have said "now is a critical moment" to ramp up support for Ukraine and put pressure on Russia to bring an end to the war.

Ukrainian President Volodymyr Zelensky met UK Prime Minister Keir Starmer, French President Emmanuel Macron and German Chancellor Friedrich Merz in London on Monday to discuss the latest version of a peace plan, drafted between Ukrainian and US officials last week.

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MacroBusiness Tuesday, December 9, 2025 - 13:30 Source

From the Market Ear Two weeks of “agony” Two weeks ago, positioning was falling, HFs were net sellers, hedging was picking up, CTAs were cutting exposure, and Retail flow was fading. Shorts were working, and HF alpha held up. Now everything has flipped, buying has surged across cohorts, the 1-week change in JPM’s US Tactical

The post Sell Low, Buy High – And Ignore the Code Red? appeared first on MacroBusiness.

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Renew Economy Tuesday, December 9, 2025 - 13:19 Source

Federal Labor's Cheaper Home Batteries rebate needs urgent tweaks to its settings and eligibility criteria, peak industry body warns, to avoid a "boom-bust cycle."

The post Industry calls for urgent changes to Cheaper Home Batteries rebate, to avoid harmful “boom-bust cycle” appeared first on Renew Economy.

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Renew Economy Tuesday, December 9, 2025 - 13:15 Source

An article about wind droughts published on the front page of the Weekend Australian is not quite the "gotcha" moment author Chris Uhlmann claims.

The post What’s wrong with this chart? A short case study in graphical misinformation appeared first on Renew Economy.

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MacroBusiness Tuesday, December 9, 2025 - 12:30 Source

Financial markets are now tipping that the Reserve Bank of Australia (RBA) will deliver a 25 bp increase in the official cash rate in 2026, most likely in the second half of the year. This view is based on the acceleration of trimmed mean inflation, as well as recent solid domestic demand reported in the

The post Soft labour market keeps RBA in check appeared first on MacroBusiness.

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MacroBusiness Tuesday, December 9, 2025 - 12:00 Source

Australia’s Treasurer of propaganda was back at it again, boasting on Twitter (X) that Labor has delivered a big rise in housing supply since being elected in mid-2022: The actual data on net dwelling additions (i.e., dwelling completions minus demolitions) from the Australian Bureau of Statistics (ABS) paints a far less rosy picture. It shows

The post Jim Chalmers puts lipstick on housing pig appeared first on MacroBusiness.

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