Blogotariat

A bath of blood overnight on all risk markets with the NASDAQ dropping 6% while the S&P500 lost nearly 5% as bond markets surged on a rush to safety and the USD was hit on all fronts with undollars lifting 2% or more against what was “King” Dollar before wannabe King Don upended the global

The post Macro Morning appeared first on MacroBusiness.

DXY was pulverised. Which held AUD up, though not against EUR. CNY was hit. Oil crashed as OPEC decided to pump. The copper bubble goes “pop”. Base metals head for hard landing. Big miners, big damage. EM meh. Junk breaking at last. Yields are in free fall, but a long way to go to make

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Australia has traditionally had a gaping trade deficit with the United States. The following table from Australia’s Department of Foreign Affairs and Trade (DFAT) shows that the United States exported (A$88.2b) more than double what it imported (A$37.5b) from Australia in 2023-24. On Wednesday, the Trump Administration levied reciprocal tariffs against all nations. The Trump

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The YIMBY movement claims that the leading solution to Australia’s housing affordability crisis is to rezone our suburbs for high-rise apartment developments. Their argument consistently overlooks evidence suggesting that blanketing cities with high-rise apartment buildings often does not result in more affordable housing. The classic counterargument is illustrated by Vancouver, Canada, which underwent a complete

The initiation of mass firings of over 20,000 scientists and public health workers at the Department of Health and Human Services (HHS) marks a historic turning point in the collapse of American democracy and the Trump administration’s efforts to establish a fascist dictatorship in the United States.

SEC chair says Victoria needs at least another two gigawatts of committed capacity to cover the 2028 closure of one of its last remaining coal plants.

Australia’s tea lady in Washington, Kevin Rudd, has failed again. SMH. Prime Minister Anthony Albanese has made an eleventh-hour bid to avoid the worst of US President Donald Trump’s trade strikes by enlisting the advice of one of the most influential Australians in Trump’s orbit, golf star Greg Norman. Albanese dined with Norman in Melbourne

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The ferrous jaws remain. BHP has delivered iron ore its last rites. BHP (ASX:BHP) Group (NYSE:BHP), the world’s largest publicly traded mining company, is reportedly contemplating the separation of its Australian iron ore and coal divisions. This potential move is part of a mid-term growth strategy, as per Reuters. BHP Group’s potential spinoff of these

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Jennifer Hewitt writes a reasonable piece on the gas crisis, but her conclusion is rubbish. AFR. …blaming the LNG export industry for high power prices is an easy political target despite the extraordinary complexity and commercial self-interest in the gas market. At various times since, both Coalition and Labor governments have attempted to make up

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Peter Dutton’s excellent East Coast gas reservation policy is being undermined by policies that few voters asked for and that the mainstream will never support. On Wednesday, Dutton announced that a Coalition government will crack down on “waste and rorts” in government spending, which Labor has argued means cuts to essential services, including health and

Grattan Institute CEO, Aruna Sathanapally, told ABC’s Q&A that Australia’s failure to build enough housing was “at the heart of our economic problems”: “We can see that the wealth of higher-income Australians or higher-wealth Australians has turbocharged, particularly due to housing prices. It’s property prices that’s led to that increase in wealth. And we haven’t

As Kia launches its new EV3, head of product Roland Rivero discussed the companies grand plan. Plus: The Driven team discuss the latest EV news.

This is another pointless debate, as usual. The Reserve Bank governor has contradicted Labor’s claims that wages can continue to rise without productivity gains, as the Albanese government pushes for an above-inflation increase for 3 million workers on minimum rates this year. Labor’s submission to the Fair Work Commission’s annual wage review calls for an

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