Blogotariat

The past month has seen New Zealand’s interest rate watchers and financial markets gyrate wildly on interest rates. When New Zealand’s Q4 CPI inflation print came in below economists’ and the Reserve Bank’s projections, economists and markets predicted that the next move in the official cash rate (OCR) would be down. Then, New Zealand’s Q4

The post Reserve Bank rains pain on households and businesses appeared first on MacroBusiness.

I am no fan of paramilitary political party support groups like Get Up and Advance. Nor do I see them as problematic. If people want to dedicate resources to public lobbies then that’s up to them. What we can observe is that one side can apparently deal it out but not take it: Labor is

The post Fake left can GetUp but fake right not Advance appeared first on MacroBusiness.

Earlier this week, The AFR’s Michael Read published an analysis showing that Australian households suffered the sharpest decline in real per capita household disposable income in the world last year. As shown in the chart above, real Australian household incomes fell by 6.1% in the year to September 2023, against a 1.7% rise across the

The post Inside Australia’s world record income plunge appeared first on MacroBusiness.

DL-S appearing at the ABC to discuss the ANZ-Suncorp takeover. Steve Austin at the ABC: Explain this one to me: how does this improve banking competition? DL-S: It doesn’t. It does the opposite. I think that’s pretty obvious. You’re reducing the number of banks in the market. That was used by the ACCC to initially

The post Fox in the hen house: The awful ANZ/Suncorp decision appeared first on MacroBusiness.

In this week’s episode of The Treasury of Common Sense with Radio 2GB’s Mike Jeffreys, I explained why the Australian Greens’ advocacy for higher levels of immigration runs counter to the party’s faux concerns over the environment, ‘net zero’, and housing affordability. Edited Transcript: The Greens housing spokesperson, Max Chandler-Mather, appeared on Sunday’s ABC Insiders

Rio Tinto is dialling down its renewable targets in the Pilbara because it says electric haul trucks won't be ready in time. Fortescue says they are wrong.

The guide hopes to ensure Aboriginal and Torres Strait Islander people are better informed and more involved in clean energy developments on their land.

The Institute of Public Affairs (IPA) has published an interesting report explaining how New Zealand has solved its labour shortage by engaging seniors in the labour force. IPA noted that “Australian pensioners and veterans face an effective marginal tax rate of 69% if they choose to work”, which is a major disincentive. By contrast, “pensioners

The post Use seniors to plug Australia’s labour shortages appeared first on MacroBusiness.

A novel wind turbine blade protection coating promises to "significantly reduce" potential damage from lightning strikes.

The National Bank of Canada has released some stunning charts on the rental crisis gripping Canada following the biggest immigration-fueled population explosion in the nation’s history, which saw the nation’s population grow by 1.25 million people in a single year. Canada’s population growth rate in 2023 was 3.2%, five times the OECD average: As shown

The post Population and rental growth go hand in hand appeared first on MacroBusiness.

Global gas prices continue to free-fall: US $2.70GJ Europe $7.80Gj net back Asia $9.80Gj net back Except in Australia, where it comes out of the ground for $1Gj and is sold in the spot market by the East Coast Gas Cartel near Albo’s stupid $12Gj price cap: Because gas sets the marginal cost of power,

The post Sack Mad King, pull ADGSM lever NOW appeared first on MacroBusiness.

Every fake lefty and fake righty exposed: Culture wars have long been the favourite trick of the Murdoch press to distract the working classes while exploiting them for money and power. Today, we also have the UnMurdoch Press – The Guardian, Saturday Paper, Crikey, etc – and their obsession with fighting counter-culture wars. The battle

The post John Stewart: Culture wars end freedom appeared first on MacroBusiness.

The Market Ear on the rampaging bull. Mag7 – what bubble? BofA’s great derivatives team points out : “Most historical asset bubbles have seen volatility rise substantially prior to the bubble peak as assets begin to trade more on momentum and less on any fundamental grounding”. Mag7 is far from the real manias when it

The post What bubble? appeared first on MacroBusiness.