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Barramunga looking North   AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225  

The post Macro Afternoon: 21 November 2024 appeared first on MacroBusiness.

Vestas pauses construction on Australia's biggest wind farm and another major project as investigations continue into a fatal accident at Golden Plains.

Treasurer Jim “chicken” Chalmers is warming up to spend. In a speech to parliament on Wednesday, the Treasurer said ­increased public expenditure had protected the nation from ­recession, despite economists warning it was putting upward pressure on inflation. “The economy has continued to grow, but barely … it would have been negative in the March

The post Massive energy rebates are coming appeared first on MacroBusiness.

The Future Fund, which is one-third the size of the Australian economy, will be directed to invest in housing, security, and the green energy transition “where possible, appropriate, and consistent with strong returns”. In a joint statement, Treasurer Jim Chalmers and Finance Minister Katy Gallagher committed that “the government won’t start any drawdowns from the

Australia's sovereign wealth fund finally given instructions to invest in what it says on the box - the future - at least in regards to energy technologies. The Coalition says it is the wrong direction.

Is Trump Hitler? It is a question being proffered by the left with increasing frequency. And, equally, dismissed by the right. There are parallels. Mostly in the methods of management and control. Trump’s cadre of self-absorbed nutters is easily comparable to Goering, Himmler, Goebels, Heydrich and Bormann. While this is, currently, conjecture, he’ll be playing his

The post Is Trump Hitler? appeared first on MacroBusiness.

Earlier this year, the NSW Productivity and Equality Commission (PEC) lamented that young Sydneysiders were leaving the city, forced out by high housing costs. The NSW PEC advocated easier planning rules and the widespread construction of high-rise shoebox apartments rather than the most straightforward solution of lowering net overseas migration. Net overseas migration into NSW

AFR Education Editor Julie Hare argues that the ‘crackdown’ on migration will worsen Australia’s chronic skills shortage. Professor Eric Knight, Macquarie University’s deputy vice-chancellor (people and operations), says politicians’ – and the community’s – growing “intolerance for migration” is adding fuel to the flames of skill shortages as unemployment remains at almost historically low levels.

Origin announces expansion of Eraring battery, ensuring that the site of the country's biggest coal generator will host the biggest battery.

Two hundred and fifty years after the publication of Adam Smith’s Wealth of Nations, our leaders insist that the prosperity of citizens rests upon a trickling down of bounty from the export of raw materials. This simplistic narrative is told, and retold, by almost every newspaper editor in the country, over and over again, in the form of a Gregorian chant without end.