Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Aussie mediocrity is turning fatal

April 3, 2025 - 09:30 -- Admin

This is another pointless debate, as usual. The Reserve Bank governor has contradicted Labor’s claims that wages can continue to rise without productivity gains, as the Albanese government pushes for an above-inflation increase for 3 million workers on minimum rates this year. Labor’s submission to the Fair Work Commission’s annual wage review calls for an

Macro Morning

April 3, 2025 - 09:00 -- Admin

Well here it is, you get a tariff – he gets a tariff – she gets a tariff – we all get tariffs! Australia was let off mildly by the Trump regime’s new tariff crusade but as they don’t understand, its all interconnected with the near 50% tariffs on Chyna about to devastate not only

Australia has too many streaming services

April 2, 2025 - 14:00 -- Admin

Warner Bros Discovery’s Max streaming service debuted in an already-crowded Australian market on Monday. Warner Bros Discovery executive Jean-Briac Perrette is upbeat about the outlook for the sector, contending that streaming will be a “fantastic business”. “The streaming business, and the media business, to a large part, is moving towards a handful of successful, big

Labor continues to lie about power prices

April 2, 2025 - 13:00 -- Admin

Recall Labor’s Powering Australia Plan, which promised to reduce NEM wholesale electricity costs by $11 per MWh, from $62 to $51, by 2025. Prime Minister Anthony Albanese hailed this modelling by RepuTex Energy as “the most comprehensive modelling ever done for any policy by any ­opposition in Australia’s history since Federation”. Albanese also repeatedly spruiked that

Paralysed RBA to cut, cut, cut

April 2, 2025 - 12:30 -- Admin

Goldman’s Andrew Boak has been more right than everyone so far. In her post-meeting press conference RBA Governor Bullock noted that today’s decision to keep the policy rate unchanged at 4.10% was a consensus decision and that the Board did not explicitly consider a rate cut at the meeting. Importantly, Governor Bullock did not repeat

Young Aussies have been robbed of wages

April 2, 2025 - 12:00 -- Admin

Progressive think tank Per Capita has released a report criticising the low wage growth experienced by young Australians, which has prevented them from purchasing a home. Per capita claims young Australians have suffered from a “lost decade during which real wages barely grew”.  At the same time, home ownership rates for younger Australians collapsed. “In

Gas goons on the run

April 2, 2025 - 11:30 -- Admin

The gas goons are on the run. Reuters. At a conference in Sydney, Australian executives of Shell (SHEL.L), opens new tab , ExxonMobil and Chevron (CVX.N), opens new tab pushed back on the coalition’s proposal, arguing more government intervention would hamper the development of gas supply. These people are like a broken record. They will do as they are

Pages