Blogotariat

Since the issues facing China’s property sector exploded into mainstream view in 2021, it has been a rollercoaster ride of different perspectives and scenarios on how it will all play out. While the issues faced the Chinese economy have now faded from the headlines, the reality is the risks within the Chinese economy remain significant,

The post China’s economic Titanic about to go under appeared first on MacroBusiness.

SEC chief calls on federal Coalition to "accept the science, the economics and the engineering" of renewables and cut the "though line" from big fossil fuel interests.

Card-carrying China groveler Geoff Raby is like a weathervane of Chinese influence in Australia. His return to the AFR tells us that his tailwind is growing, as we have seen around Albo’s China pivot, and it is safe to re-emerge and argue for a further selling out to Beijing. He doesn’t have much to say

The post Revenge of the China grovellers appeared first on MacroBusiness.

With the release of the latest national accounts data, it was revealed that Australia’s GDP in per capita terms is once again contracting. Meanwhile, in headline GDP terms, the economy grew by 0.2%, surprising to the downside of the analyst consensus of growth of 0.4%. Australian GDP per capita has now contracted in 9 of

The post The epic failure of Australia’s economic growth strategy appeared first on MacroBusiness.

AGL snaps up a newly approved concentrated solar thermal project as it considers long duration storage options in first grid to reach 100 pct net renewables.

The ferrous market is bifurcating as traders wonder about the steel ouput cut. CISA steel output is falling anyway. My view is we are likely to follow the 2023 pattern in H2 as official cuts, steel export falls, and tariffs take their toll. UBS has joined the bears. As the market moves from balance to

The post Iron ore bears gather appeared first on MacroBusiness.

After years of failure, the RBA has given up entirely on forecasting and is driving through the rearview mirror. Goldman. In her post-meeting press conference Governor Bullock stressed that the decision to pause the easing cycle was “about timing rather than direction” with the RBA just “looking for further confirmation we are on the forecast

The post Abolish the RBA appeared first on MacroBusiness.

You need a quota to win a seat in a Tasmanian House of Assembly election. But in practice no-one polls exactly a quota. In reality, the final seats are decided by partial quotas and the distribution of preferences.

Yet these patterns are not random – parties that poll over a certain vote share are much more likely to win a certain number of seats, and parties that poll below a certain vote share have little chance of winning that last seat. Given a certain vote share, some parties are more likely to win a seat on that vote than others, and those trends have shifted over time.

European Commission President Ursula von der Leyen has dismissed efforts by members of the European Parliament to oust her, branding her critics “conspiracy theorists” and accusing them of acting on behalf of Russian President Vladimir Putin.

Von der Leyen blames Russia for no-confidence motionThe EU chief has labeled her critics “conspiracy theorists”

Iran-Russia Defense Pact Rejection:

Iran previously declined a formal defense pact with Russia for religious and strategic reasons—they didn’t want to be obligated to support a war they didn’t endorse.

Instead, the January 17 agreement allows for loose military cooperation, including potential Russian air defense support for Iran.

French President Emmanuel Macron began a three-day state visit to Britain on Tuesday, which will see him address parliament and try to rekindle a purportedly warm relationship with King Charles III.

Under President Erdogan, Türkiye has moved away from its earlier identity as a secular, peaceful Cold War ally. Instead, it is now trying to become a strong regional power by following a foreign policy influenced by Islamic values. This question looks at how a country’s image and role are changing in today’s world.

The Hindu Op-ed: Erdogan’s neo-Ottoman foreign policy

Jesus, what a pack of nupties. Maintaining price stability and full employment is the priority. The Board continues to judge that the risks to inflation have become more balanced and the labour market remains strong. Nevertheless it remains cautious about the outlook, particularly given the heightened level of uncertainty about both aggregate demand and supply.

The post Lunatic RBA refuses to cut appeared first on MacroBusiness.