Victoria hits record levels of wind and solar curtailment, and then two more coal generators tripped |
MacroBusiness
Friday, October 17, 2025 - 14:00
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Earlier this month, I reported that investor demand appears to be surging, helping to drive up home prices. As illustrated below by Justin Fabo from Antipodean Macro, investor housing credit growth has rocketed, up 9.1% annually in August, the highest rate in a decade. Google searches for “investment property” likewise surged to their highest level |
MacroBusiness
Friday, October 17, 2025 - 13:51
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As we know, Albo is the Manchurian Candidate, fed by Sinophiles in his party to the point of nausea. Let’s recall what the G7 did when China attacked Australia unilaterally. The U.S. and its allies are grappling with how to pare their economic relationships with China, attempting to limit ties in certain sectors they view The post We are all Dan Andrews now appeared first on MacroBusiness. |
Renew Economy
Friday, October 17, 2025 - 13:39
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MacroBusiness
Friday, October 17, 2025 - 13:30
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This week, I was interviewed by Steve Austin at ABC Radio Brisbane, where I was quizzed on why policymakers continually implement self-defeating policies that make housing more expensive. Austin’s query followed this month’s introduction of the Albanese government’s 5% deposit scheme for first home buyers, which already seems to have lifted demand and pushed home |
MacroBusiness
Friday, October 17, 2025 - 13:30
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It was never a boom in the traditional sense. It was a fiscal stimulus into bedpan jobs, and it has ended. Owing to a far too slow RBA, the private sector is not well-positioned to pick up the slack. The NAB business survey is still consistent with weak hiring intentions. More from Goldman. Today’s update The post Australia’s jobs boom is going bust appeared first on MacroBusiness. |
MacroBusiness
Friday, October 17, 2025 - 12:30
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There is no substitute for sanctimonious greed. A top-20 shareholder in Santos has raised questions about the oil and gas producer’s strategy and called for it to focus on delivering value to investors, just as the gas giant was forced to cut production guidance because of an eleventh-hour hitch at its biggest growth project. HESTA The post HESTA backs gas cartel in “real world impact” appeared first on MacroBusiness. |
Renew Economy
Friday, October 17, 2025 - 12:11
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MacroBusiness
Friday, October 17, 2025 - 12:00
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Victoria is the nation’s most indebted state with the lowest credit rating. Global rating agencies have reaffirmed Victoria’s AA credit rating, although the state government has been put on notice to reduce debt, rein in operating costs, and show fiscal restraint ahead of the November 2026 election. On Wednesday, the Victorian Department of Treasury and The post Victoria is headed toward a financial crisis appeared first on MacroBusiness. |
MacroBusiness
Friday, October 17, 2025 - 11:45
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The Pilbara killer is here. A Guinean government minister, meanwhile, said the West African country would inaugurate rail and port facilities for the giant Simandou iron ore project on Nov. 11. The locomotives are arriving. SIMFER, the joint venture of the government of Guinea, Rio Tinto, and the Chinalco-led CIOH consortium, has celebrated the arrival of the The post Pilbara killer chills champaign for November 11 appeared first on MacroBusiness. |
MacroBusiness
Friday, October 17, 2025 - 11:30
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Recently, a reader shared with me the statistics on the level of prosecutions against fraudsters within the National Disability Insurance Scheme (NDIS). The internal reporting of the National Disability Insurance Agency (NDIA), the government authority overseeing the scheme, found that in the June quarter of 2024, there were more than 7,000 tip-offs alleging fraud. Of |
THE BLOT REPORT
Friday, October 17, 2025 - 11:04
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MacroBusiness
Friday, October 17, 2025 - 11:00
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Compare the Market’s annual Household Budget Barometer report shows that many Australians are continuing to feel the strain of rising living costs. Only 7% of the 3,000-plus respondents feel that the Australian economy has improved over the last year, while just 22% feel optimistic about the economic future. Shadow Treasurer Ted O’Brien says the figures The post Aussie households have ‘given up’ on the economy appeared first on MacroBusiness. |
Renew Economy
Friday, October 17, 2025 - 10:49
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MacroBusiness
Friday, October 17, 2025 - 10:30
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Under progressive leadership regimes, the Australian central bank has become ever more corrupt and unable to speak truth to power, especially when it comes to the single most important macroeconomic input into the economy: immigration. Just this week, we had another analysis from RBA boffin Sarah Hunter, which refused to acknowledge the obvious: the immigration-led The post Blind RBA trashes jobs market again appeared first on MacroBusiness. |
MacroBusiness
Friday, October 17, 2025 - 10:00
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This week, two polls were released showing that Australians overwhelmingly want significantly lower immigration. First, Resolve Political Monitor released polling of 1,800 Aussies from across the political spectrum on October 7 and 12. The group was told Australia’s current migration policies allow 316,000 people into the country and 185,000 to permanently settle in the country |
Renew Economy
Friday, October 17, 2025 - 10:00
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Renew Economy
Friday, October 17, 2025 - 09:46
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MacroBusiness
Friday, October 17, 2025 - 09:30
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The ferrous complex is falling apart; it just doesn’t know it yet. Steel prices are collapsing. The spread to iron ore is eviscerating mill profits as inventories pile up. This is both rebar and, more importantly, HRC. It’s so bad that the need for a New Year steel restock is nearly gone. Mills are going The post The leverage bomb holding up iron ore appeared first on MacroBusiness. |
MacroBusiness
Friday, October 17, 2025 - 09:00
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Wall Street was slammed lower mainly led by financials but also small stocks as trade war tensions are keeping most risk markets contained. The USD continues to decline with Yen and Euro both pushing to new weekly highs while the Australian dollar failed to get back above the 65 cent level due to yesterday’s release The post Macro Morning appeared first on MacroBusiness. |
MacroBusiness
Friday, October 17, 2025 - 09:00
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The Market Ear wraps us up. Welcome to extreme fear The problem is we have not seen CNN’s greed/fear index hit extreme fear territory and SPX this close to ATHs (chart 2). Source: CNN Source: Macromicro Imagine regional… …goes a bit more “global”? SPX vs. KRE gap getting rather wide. Source: LSEG Workspace Huge gap The post Is the AI bubble about to burst? appeared first on MacroBusiness. |
Your Democracy
Friday, October 17, 2025 - 08:41
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US President Donald Trump has announced plans for a summit with his Russian counterpart Vladimir Putin in Budapest, Hungary. The meeting will take place at a date to be determined after “high-level advisors” from the two countries meet next week, he said in a Truth Social post on Thursday. Washington’s delegation at the initial meeting will be led by Secretary of State Marco Rubio, he said, adding that the location is yet to be determined. |
MacroBusiness
Friday, October 17, 2025 - 07:57
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DXY no bueno. AUD even less bueno. Gold bueno. Oil no bueno. AI metals are confused. Big miners breakout or false? EM bounceback. Junk not so much! Yields freefall. Stocks need a deeper pullback. Newsflow is whacko, courtesy of ZH. Washington shutdown. Geopolitical risk Weak Macro Hawkish FedSpeak Waller sounded less dovish than normal: “You The post Australian dollar Trumped to death appeared first on MacroBusiness. |
Renew Economy
Friday, October 17, 2025 - 07:38
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Your Democracy
Friday, October 17, 2025 - 06:55
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US President Donald Trump said on Wednesday that he had authorized the CIA to conduct covert operations in Venezuela. |
Your Democracy
Friday, October 17, 2025 - 06:44
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Climate change and human activity are causing the health of the world’s oceans to decline at an alarming rate, the UN has warned. |
MacroBusiness
Friday, October 17, 2025 - 00:05
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Australians have endured the biggest decline in real wages in history. As of the June quarter of 2025, Australian real wages were still tracking 6.0% below their June 2020 level, at roughly the same level as December 2011. The Reserve Bank of Australia’s (RBA) Assistant governor and chief economist Sarah Hunter warned that Australia’s sagging The post RBA: Australians face low wage future appeared first on MacroBusiness. |
Renew Economy
Thursday, October 16, 2025 - 21:38
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Renew Economy
Thursday, October 16, 2025 - 21:38
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Renew Economy
Thursday, October 16, 2025 - 20:10
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