Cecile Wake is Shell Australia country chair and executive vice president Integrated Gas Australia. She has pumped more industry propaganda at The AFR: This year alone, Australia’s natural gas industry will deliver $21.9 billion in taxes and royalties—on par with the nation’s biggest banks and miners. But this success story is under threat. Queensland LNG
The post Gas cartel pumps lies appeared first on MacroBusiness.
Despite an upwardly revised 2Q GDP print and solid initial jobless claims in the US overnight, the USD continued its selloff with weaker international demand for US Treasuries also not helping. Wall Street rose to new record highs lead by tech stocks again while European shares continue to stumble through the French political imbroglio. The
The post Macro Morning appeared first on MacroBusiness.
According to Cotality (formerly CoreLogic), the average home in Australia is now valued at around $1,020,000. This makes Australian housing among the most expensive in the world. Australian housing was valued at 4.14 times the size of the Australian economy in Q1 2025, nearly double its value in the 1990s. By way of comparison, the US
On 15 August, US President Donald Trump and Russian President Vladimir Putin met in Alaska, the first head-of-state meeting between the two countries since the Ukraine War began.
It was widely panned as a “shameful” and “vomit-inducing” episode where Putin apparently came out on top.
Just when you think that the Australian Government cannot sink any lower, the prime minister still manages to surprise!_
Gaslighting the electorate, virtue signalling to our ‘partners’
It is a dilemma... Swiss banks that used to profit from Russian oligarchs cash, had to support the sanctions imposed by the USA and Europe against Russia — for "Russia's invasion of Ukraine"...
For almost two decades, household formation rates for 25 to 34-year-olds have been tanking. The decline kicked off as the impact of the new ‘Big Australia’ migration intake began dramatically impacting the rental market in the final years of the Howard government. As the ABS chart below illustrates, between mid-2005 and mid-2008, asking rents in
German chancellor Friedrich Merz has made a moderate media splash and ruffled some feathers in his own ruling coalition with the Centrist Social Democrats (SPD). Using the platform of a regional party congress of his CDU Conservatives in Niedersachsen, Merz has delivered a speech that immediately attracted national attention and will be remembered for one phrase.
I finally stopped nitpicking the World War 3.2 manuscript long enough to send a proof copy to my rock-steady crew at Patreon. If that includes you, check your email for the freebie.
That took a lot longer than expected, mostly through my own choices. As soon as I decided to go wild and write as many fucking words/chapters/books/whatever as I needed to finally wrap this thing up, my outline for 3.2 became obsolete. I started asking myself, since space was no longer an issue, where could I go with this thing?
Asian share markets are in a mixed mood that is being reflected by Wall Street futures off slightly despite the better than expected NVIDIA results after the close with European shares also looking to open flat. The USD is losing ground against all the majors again as fears over the loss of independence at the
The post Macro Afternoon appeared first on MacroBusiness.
