Blogotariat

The ferrous complex rolled over yesterday. Scuttlebutt is straightforward. A bipartisan group of U.S. lawmakers is introducing a legislation to address the impact of Chinese-supported companies moving portions of their production to other countries to circumvent American duties. The legislation would also toughen anti-dumping rules. This comes after the U.S. announced 25% tariffs on all

The post What’s not to hate about iron ore? appeared first on MacroBusiness.

The Albanese government’s target of building 1.2 million homes over five years remains hopelessly out of reach. On Tuesday, the Housing Industry Association (HIA) reported that new home sales increased by 4.1% in the month of January 2025, offsetting weaker sales in November and December 2024. While sales rebounded in January, the following chart from

The post Australian homebuilders remain trapped in recession appeared first on MacroBusiness.

The Australian’s Judith Sloan argues that Labor’s $22.7 billion Future Made in Australia (FMIA) policy is badly planned and badly executed. Labor has promoted FMIA as a plan to create new jobs and opportunities by maximising the economic and industrial benefits of moving towards net zero emissions. Sloan argues that it is, in fact, a

The post Expensive energy guarantees no Future Made in Australia appeared first on MacroBusiness.

The Market Ear with the latest on the puke. That was quick SPX has gone from the upper part of the range to closing in on the lower part of the range in a few sessions. Note we are below the 100 day as of writing and RSI is at the most oversold levels in

The post BTFD? appeared first on MacroBusiness.

Sources say the oil and gas major is scrapping plans to ramp up renewable capacity 20-fold by 2030, returning instead to a focus on fossil fuels.

Wall Street continues to flail while European stocks try hard to push forward, buoyed by more defense spending promises while the cuts in US federal spending and employment loom large amid a the Canadian/Mexican tariffs that are still on the table. The USD was pushed back by Euro and Yen again overnight while the Australian

The post Macro Morning appeared first on MacroBusiness.

Two wind turbine maintenance workers fell to their death on Saturday, with local police immediately blaming “equipment failure” for the tragedy.

DXY is still falling. EUR is not exactly soaring post-German election. The AUD rocket is in danger of a crash landing. Lead boots is stable. Gold and oil got puked. Another dirt bubble goes pop. Woe is miners. EM deepsuckered. Junk nailed to the floor. The bond bid is back. As stocks freak about growth.

The post Australian dollar rocket crash lands appeared first on MacroBusiness.

The Australian Bureau of Statistics’ (ABS) latest annual national accounts reported that Australia’s land was valued at $9.2 trillion in 2023-24, with residential land accounting for 84% ($7.7 trillion). As illustrated below, residential land values have skyrocketed from 1.1 times Australia’s GDP in 1989 to 2.9 times GDP as of 2023-24. The total value of Australia’s

The post The great Sydney land bubble appeared first on MacroBusiness.

The long d

A long election night in Germany has ended with five parties entering the next parliament and the conservative alliance of the Christian Democratic Union (CDU) and the Christian Social Union (CSU) under chancellor candidate Friedrich Merz becoming the str

Analysis shows that the federal government has made $123.6 billion worth of discretionary spending decisions in the three budgets it has handed down since taking office in May 2022. The government has also announced some $20 billion worth of election promises since the start of 2025, headlined by the $8.5 billion expenditure on Medicare. Independent

Wind project lambasted by local MP Barnaby Joyce and his partner has won majority support with its redesigned project, the developers say.