Blogotariat

Pipeline company APA Group has said Beetaloo Basin gas is necessary to supply the domestic market. A new analysis by Market Forces suggests most is destined for export.

The St Louis Fed recently did an interesting AI survey that suggested the benefits of AI are large in certain areas but far from uniform. For each generative AI user, we computed the percentage of working hours saved as the ratio of time saved in the previous week to hours worked in that same week.

The post Is AI a productivity disaster? appeared first on MacroBusiness.

Wokey has been trying to turn Australia into a Chinese satrap for a few years now. It is little more than jingoistic and self-serving ignorance as it bristles about losing Big Tech revenues, but it’s currently in tune with local Trump Derangement Syndrome, so it is more dangerous than usual. Wokey can barely contain itself

The post Australia plans to be “defenseless spastic of Asia” appeared first on MacroBusiness.

Gone through 2026. The ABS. The seasonally adjusted balance on goods decreased $2,621m in May. Goods credits (exports) decreased $1,168m (2.7%) driven by Non-rural goods. Goods debits (imports) increased $1,453m (3.8%) driven by Capital goods. The year has been OK for exports because most of the bulk commodity falls have been in coal, which is largely

The post Australia’s trade suplus going, going… appeared first on MacroBusiness.

If we imagine for a moment that pigs had little wings and made their home in the skies, and governments would do nothing to attempt to boost property prices even as they flatlined or grew at a level consistent with the CPI, we can credibly forecast a scenario in which housing would be on the

The post When could Aussie housing be affordable? appeared first on MacroBusiness.

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen looked through what worked in 2025, what didn’t and where we are opening 2026. View the presentation slides Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund, which is

The post MB Fund Podcast: FY2025 In Review appeared first on MacroBusiness.

Pressure is building on the AEMC to reign in accelerated depreciation requests by gas networks to cover the cost of future stranded assets.

In the nation’s collective consciousness, there is the narrative that there is a city experiencing a nation-beating exodus, where outflows of its residents are on the road to being biblical in their scale. That city is Melbourne. In the years since the pandemic began, the perception of the bayside city has changed dramatically, from one

The post Aussies exodus explodes from one city appeared first on MacroBusiness.

This is going to be a great short. I’m looking to get set on either side of the coming round of July Politburo meetings. The Chinese economy is far worse than anybody is talking about. It’s not growing at 5%, or at all, quite possibly. Steel production is on track to be down by its

The post Iron ore zombie searches for brains appeared first on MacroBusiness.

The Market Ear with the charts. Buy the dip BTD has been very strong in 2025. As we have been outlining for weeks, this still has a lot of 2020 flavor to it. BofA LSEG Workspace Gross Grossing up… GS Short suckers Market is “sucking shorts” out of the market. This is a longer term

The post BTFD, again, and again appeared first on MacroBusiness.

DXY held its ground last night. So did AUD. Lead boots are marching on. Oil had a little pop going into OPEC. Another copper bubble is here. Big miners ripped within the monster bear. EM yawn. Junk yawn. The curve flattened on bad data. Stocks only go up. ADP was our before tomorrow’s BLS and

The post Australian dollar baulks at US recession appeared first on MacroBusiness.

Last night saw the release of the latest US private jobs data which shocked with only a 33K increase over an expected 100K plus, which puts tonight’s NFP print into clear perspective and shows the employment market may not be as robust as Fed Chair Powell thinks. Wall Street ignored the print and focused on

The post Macro Morning appeared first on MacroBusiness.

Germany will send navy ships to patrol Arctic waters in response to Russia’s growing military presence in the region, Defense Minister Boris Pistorius announced on Monday. Russia has insisted that it is mirroring NATO moves in the far north to maintain balance.