Blogotariat

Risk markets in Asia are somewhat mixed in the last session of the trading week as they absorb the burgeoning bond troubles and the passing of the Trump regime’s tax bill in the House of Reps that looks to enshrine a permanent decline in the US fiscal position. In currency markets, the USD is back

The post Macro Afternoon appeared first on MacroBusiness.

Crane operators at the Golden Plains wind project - Australia's biggest - are conducting rolling strikes as they push for more pay and better conditions.

Big Four Austr

Australian Renewable Energy Agency boss Darren Miller on the path to ultra low cost solar, grid forming inverters, V2G and green hydrogen. Plus: News of the week.

Melbourne has been the worst-performing housing market among major capital cities since the onset of the COVID-19 pandemic. Between March 2020 and April 2025, Melbourne dwelling values rose by 16.2%, versus 43.3% growth at the combined capital city level. The underperformance of Melbourne’s housing market has seen its median house price fall to cyclical lows

The post Melbourne house prices poised for strong rebound appeared first on MacroBusiness.

Last week, the Australian Bureau of Statistics (ABS) released the Q1 2025 wage price index, which revealed that Australian real wages were tracking at Q4 2011 levels, 6.1% below their Q2 2020 peak: The OECD also released data showing that Australian real per capita household disposable income was tracking 7.6% below its Q1 2022 peak

The post Australia’s long, painful income recession appeared first on MacroBusiness.

The Australian Automobile Association has published the Electric Vehicle Index for Q1 2025. The data paints a picture of an industry struggling to gain a foothold, despite generous subsidies and incentives from the federal government (read taxpayers). In Q1 2025, only 17,914 battery electric vehicles (BEVs) were sold in Australia, down 29.9% from 25,552 in

The post EV sales would collapse without subsidies appeared first on MacroBusiness.

Hapless customers have had to pay for an expensive grid design that has delivered a lot of capacity that sits idle most of the time. There is a smarter solution.

For today’s post I am looking at how the Muslim vote changed, using some techniques I’ve previously used to look at voters of Chinese and Indian ancestry in past votes.

At this election we have seen a lot of speculation about Muslim voters switching from Labor, voting for Muslim independents, but also possibly for the Greens, with the war in Gaza being a major influence on that trend. We have seen Muslim groups cease to invite major party politicians to Islamic events that they would have previously attended regularly.

DXY held on last night. AUD the reverse. Still trending higher. Lead boots going nowhere. OIl and gold sank. Metals no byueno. Junk worried. Yild relief. Yield relief. Could not save stocks. It’s a day-by-day proposition right now, but I think TS Lombrd probably has the trend right. America is not about to lose its

The post Australian dollar to surpass 70 cents appeared first on MacroBusiness.

Risk markets were relatively sanguine overnight as the Trump regime’s new “Tax” Deal (aka blowing out the deficit forever) passed while the latest flash PMIs suggested a slight uptick in confidence in the US despite the tariff chaos in the last month. Wall Street was up at one stage but managed to give back almost

The post Macro Morning appeared first on MacroBusiness.

In June 2024, AMP chief economist Shane Oliver presented the following chart estimating that Australia’s housing shortage was about to exceed 200,000 homes: Oliver explained via Twitter (X) that “underlying demographic demand (driven by strong population growth) continues to run well ahead of new housing supply (constrained by capacity and cost issues, etc.), and is