Man, if you believe this, then I have a bridge I will sell you. Woodside Energy chief executive Meg O’Neill says it will be a major government policy failure if Australia cannot deliver cheap and reliable energy, while attacking environment activists for prioritising political agendas over the national interest. The comments mark a major intervention
Victoria is the most indebted state in Australia and has the lowest credit rating. Victoria’s debt is projected to soar in the years ahead, likely resulting in further credit rating downgrades. When this happens, interest payments will soar, driving up costs for Victorians and resulting in higher taxes and less money for infrastructure and services.
There’s just nothing good about it. Literally nothing. Everybody has lost money. IEEFA with the report. Queensland marked 10 years as an LNG exporter in January 2025, and has emerged as a key supplier of LNG, primarily to China. Besides boosting Australia’s energy trade with Asia’s largest economy, the industry has left a legacy of higher
According to the Federal Chamber of Automotive Industries (FCAI), only 86,804 new cars were delivered in January 2025, down 3.3% from the same month in 2024. FCAI Chief Executive Tony Weber noted that “sales of hybrids and plug-in hybrid vehicles continued to grow and now make up nearly one in five new sales, representing 17.1%
The Market Ear on the Retail Army. Shorts gone Short Interest as a % share of share outstanding at depressed levels. Source: JPM Needs a bigger chart Retail sentiment at new all time highs… Source: JPM Is this time different? So are the AI leaders in a “winners’ curse” situation reminiscent of telcos in 2000,
Justin Fabo from Antipodean Macro has published interesting charts from the latest NAB Business Survey showing that Australian firms continue to experience high labour shortages. Nearly half of Australian firms—close to a record high—claim that labour availability is a “minor” constraint on output. A further one-third of firms report that it is a “significant” constraint
CoreLogic’s daily dwelling values index continues to fall, dragged lower by Sydney and Melbourne. Values at the 5-city aggregate level fell by 0.2% over the past 28 days and have been underwater since October 2024, declining by 0.8% over that period. Melbourne continues to lead the decline, with values down 0.5% over the past 28
On Thursday, I presented data showing that real Australian wages have fallen by 10.3% since the Q2 2020 peak and were tracking at late 2021 levels as of Q3 2024 (latest available data). This calculation was derived by deflating the Australian Bureau of Statistics (ABS) wage price index with the employer cost-of-living index. Separate data
Some pretty impressive jaws are opening in the ferrous complex. Iron ore short in coming. Seasonals are creating the opportunity as cyclones slow the Pilbara and China restocks steel. Flat going ok, long not so much. Profitability is weak, but there. Mills are restocked with ore. May shorts are the go, IMHO, though that is
The latest BOE meeting saw an expected cut which buoyed European markets coupled with a resurgent Yen and hesitation around tonight’s NFP print kept the USD in a weak space overnight. Wall Street made modest gains as earnings season ramps up with Amazon in focus while the latest crude oil figures suggest a glut in