Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Origin Energy should be nationalised

August 16, 2024 - 10:30 -- Admin

The greatest energy criminal in Australia, Origin Energy, is back today: Origin Energy, the biggest Australian power and gas supplier, has soared to a bumper profit as higher electricity prices boosted its power plants and retailing business, but warnings of a softer year ahead triggered a sharp sell-off in the company’s shares. The energy giant

AI up or down?

August 16, 2024 - 10:00 -- Admin

The Market Ear on AI. This AI thing – I tried it once Hundreds of millions of people have tried ChatGPT, but most of them haven’t been back. If you ask what ‘used’ actually means, it turns out that most people played with it once or twice, or go back only every couple of weeks.

The post AI up or down? appeared first on MacroBusiness.

More Chinese yawnulus as growth sinks on property iceberg

August 16, 2024 - 09:30 -- Admin

Yawn: China’s central bank chief pledged further steps to support his nation’s economic recovery, while cautioning that it won’t be adopting “drastic” measures. The PBOC will strengthen efforts to effectively implement monetary and financial policies that have been introduced this year, and further steps will be made in accordance with the requirements of the State

Welcome to the Iron Ore Ice Age

August 16, 2024 - 09:00 -- Admin

Qingdao iron ore fell 2.4% to $91.78 yesterday. The crisis gripping Chinese steel rolls on. SHFE is in free fall and there is no end in sight. Note that in 2015, it halved again from here: Everybody is trying to catch the iron ore falling knife. SGX hardly fell: Dalian too: But iron ore is

Labor cannot be trusted on immigration

August 16, 2024 - 08:00 -- Admin

In Labor’s first federal budget in October 2022, it forecasted net overseas migration (NOM) of 470,000 over its first two years (FY 23 and 24): Instead, Labor delivered around one million NOM, more than double Labor’s projection: Labor MP Andrew Charlton appeared on Sky News on Wednesday night where he said the government is in

Macro Afternoon

August 15, 2024 - 17:00 -- Admin

Another solid session for Asian share markets despite the mixed mood on Wall Street overnight in the wake of the latest US CPI print with today’s Japanese GDP print surprising to the upside slightly while the local unemployment numbers ticked slightly higher. Eurostoxx futures up more than 0.3% with currency markets still relatively unchanged with

Kiwis continue to flood Australia amid deepening recession

August 15, 2024 - 13:00 -- Admin

Last month, Infometrics warned that New Zealand is facing a “brain drain” as prime 25-44-year-olds relocate to Australia in pursuit of employment and higher pay. Infometrics reported that Australia’s unemployment rate was lower than New Zealand’s. This represented a change from the average rate from 2014 and 2018, when Australian unemployment was 0.7 percentage points

Pages