Blogotariat

The federal government’s housing accord commenced on 1 July 2024 and aims to construct 1.2 million dwellings over five years, equivalent to 20,000 homes per month. On Wednesday, the Australian Bureau of Statistics (ABS) released dwelling approvals data, which revealed that 15,400 homes were approved for construction in February, 4,600 (23%) below the target. Over

The post The math doesn’t add up for Australian housing appeared first on MacroBusiness.

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

The post Macro Morning appeared first on MacroBusiness.

New report underlines why Australia's National Electricity Market is not fit for purpose, and sets out "easily-implemented" reforms to get it up to speed quickly.

DXY is falling again after Liberation Day tariff announcements. AUD was up big, down big, then did little. Lead boots will be interesting today. Gold to the moon. Oil toppy. Base metals are screaming “hard landing”. Big mining’s big bear knows no bottom. EM meh. Credit not stressed enough. Yields fell as growth worries mount.

The post Australian dollar gazumped by tariff shock appeared first on MacroBusiness.

Another battery joins the grid at the site of an existing coal fired power station, as new charging and discharge records are set across the NEM.

The German government plans to nominate Foreign Minister Annalena Baerbock as its candidate for the chair of the UN General Assembly during the 2025-26 session, media reports indicated earlier.

Just envisioning Annalena Baerbock as chair of the UN General Assembly drew a snap response from Maria Zakharova.

I wrote the forward to a time travel anthology a while ago. And for my sins, they sent me a bunch of bookplates to sign.

These things sat in my PO box for a while because the email from the editors telling me about them got swallowed up by Apple’s latest iOS update—which has turned the Mail app into a bit of a bin fire. Eventually, though, the team tracked me down and said, “Hey, you’ve really got to sign those bookplates.”

So I picked them up… and the stack was enormous. I stared at it for two days, thinking, this is going to take me two days to sign. And I’m kind of on a deadline here.

A solar and battery project under development in Coonawarra will be the first in Australia to feature a new range of anti-hail solar panels.

Liberal Party-led Senate inquiry into residential electrification confirms the bill busting benefits of getting gas out of Australian homes.

The Market Ear sees squirming robots. CTAs in US equities CTAs have aggressively sold US equities and are now estimated to be short $30bn. Not a huge number per se but we are at an interesting “extreme” level looking back over the past 10 years. This would be supportive evidence for a tactical long trade.

The post Stock robots squirm as hard landing builds appeared first on MacroBusiness.

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

The post Labor continues to lie about power prices appeared first on MacroBusiness.

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

The post Paralysed RBA to cut, cut, cut appeared first on MacroBusiness.