Blogotariat

By Lucinda Jerogin, Associate Economist at CBA Australian CPI inflation surprised to the downside at 2.1%/yr in May 2025. The policy relevant trimmed mean measure eased to 2.4%/yr. As a result,we brought forward our expected timing of the next RBA rate cut to July. News offshore was dominated by geopolitical events as hostilities between Israel

The post The economic week ahead appeared first on MacroBusiness.

  Today we meet Ted.  Almost nobody knows who Ted is. In some ways this is a good thing meaning he can walk down the streets of wherever he lives without having soft fruit thrown at him.  But in other ways this may not be such a good thing, seeing as Ted is your shadow

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In this MacroBusiness podcast, Gunnamatta and Leith van Onselen unpack the budget outlook, the deindustrialisation of Australia, housing policy failures, energy policy failures, and the nation’s falling productivity growth. Highlights: 0:00 Introduction 1:00 Why Australia’s budget finances are unsustainable 10:30 Australia is deindustrialising 12:07 Australia should be the richest nation on earth 17:46 Australia’s energy

The forms of 19th-century European fictions, including the Russian, have a powerful relation to older Christian stories, from the Bible to Bunyan. The novels meet the old tales with part parody, part dialogue, part rejection and reconstruction.

The Idiotby Fyodor Dostoevsky, translated by David McDuff

The ABC has long held a reputation as Australia’s sober, publicly-funded bulwark against tabloid sensationalism – the broadcaster you turn to when you want analysis, not alarmism.

Which is why their recent report “Company in charge of proposed incinerator outside Geelong has direct links to the Chinese government” on a proposed waste-to-energy plant near Geelong reads more like a Netflix drama: Red Furnace – China’s Great Bin Fire.

International Reading: Trump Sends Dollar Plunging With Plan to Turn Federal Reserve MAGA – The Daily Beat Gen X is the least financially secure generation – Independent Cargo ship carrying 3,000 vehicles, including 800 EVs, sinks in the Pacific Ocean – Live Mint US economy shrunk faster than expected, new data shows – The Hill

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Nominations were announced today for the Tasmanian state election. After record-sized ballot papers at the previous election in 2024, they will shrink slightly in 2025. There will be fewer columns on the ballot paper, along with larger fields of ungrouped independents. While ballot papers will be smaller than in 2024, they will still be some of the largest seen in recent decades. The average number of columns is slightly smaller than the 35-seat election of 1996, equal to 2014 and otherwise more than every election other than 2024 since 1989.

Concern is mounting that Queensland is reverting to the bad old days of ideological war on renewables, after locking in new rules that threaten to stifle solar and wind.

On Wednesday, the rush to the bottom by Australian policymakers to pump housing demand entered yet another chapter, this time with multiple state government’s taking their turn. At the federal election, the Albanese government promised a 5% deposit scheme that would cover the overwhelming majority of first home buyers. This comes in spite of the

The post Everyone is pumping Aussie housing prices appeared first on MacroBusiness.

Marinus Link will have to wait a few weeks longer to learn whether or not it has federal environmental approval, after a decision on the undersea cable was pushed out to July 25.

Last week, CBA economist Harry Ottley reported on the quarterly labour market account from the Australian Bureau of Statistics (ABS), which showed that 60% of the nation’s job growth since the beginning of the pandemic has come from the non-market (government-aligned) sector. Over the past two years, the non-market sector accounted for 80% of jobs created.

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French President Emmanuel Macron has warned that the international community must act to prevent Iran from leaving the Treaty on the Non-Proliferation of Nuclear Weapons (NPT), which prohibits it from acquiring nuclear weapons.

Some Iranian politicians have threatened to withdraw from the NPT in retaliation for recent US and Israeli strikes on the country’s nuclear facilities.