Blogotariat

Which corridors unlock the most new wind and solar? And could HVDC lines bring far-flung northern renewable resources to southern population centres?

Recent job advertisements and vacancy data, presented below by Shane Oliver from AMP, suggest that Australia’s labour market is gradually softening. Last week’s Q3 wage data from the Australian Bureau of Statistics (ABS) also struck a soft tone, with private sector wage growth falling sharply, partly offset by strength in public sector wages: SEEK has

The post Australia’s job market continues to unwind appeared first on MacroBusiness.

Gina Rinehart attacks BHP and Rio Tinto over net zero spending, just as the lithium miner she backs reports 83 pct renewables share on its way to net zero by 2034.

Never let the truth get in the way of a good price rally in the iron ore market. With another Chinese property rescue on the way, why not? Well, there is this. John Lam expects home prices to fall for at least another two years before a recovery in China’s residential property market can take

The post Iron ore to the moon! appeared first on MacroBusiness.

Every cycle has a bellwether. Today it’s NVIDIA. We’re operating in a two-speed economy where the US consumer looks fatigued, while corporate AI spending is a rocket ship. Let me share how I’m thinking about NVIDIA: why the recent result mattered, why capex is the fulcrum, what the depreciation debate gets right and wrong, how

The post Still the most important stock in the universe appeared first on MacroBusiness.

With the Victorian government drowning in debt and facing further credit rating downgrades, the Labor state government is seeking to rein in costs. Recent infrastructure projects in Victoria have faced major cost blowouts, including the VNI West transmission line (doubling to $7.6–11.4 billion), the Suburban Rail Loop (announced to cost $50 billion, now more than

A big surge in tech stocks led Wall Street higher with more Fedspeak that the December rate cut is firming, giving a general boost to risk markets. The USD was mixed against most of the majors with Euro falling back slightly alongside Yen while Pound Sterling firmed. Bond markets rallied alongside the chance of the

The post Macro Morning appeared first on MacroBusiness.

Just joking. I refuse to invest in the diarrhea of financial markets. That said, if you do, now may be the time. The old magazine cover indicator is chirping. As Michael Hartnett stated over the weekend, now may indeed be the right time to buy. Crypto “will be first to sniff out Fed coming to rescue.”

The post Buy Australian dollars and Bitcoin! appeared first on MacroBusiness.

Cotality has released alarming data illustrating the sharp deterioration of rental affordability over recent years following record net overseas migration. The following chart plots the percentage of median household income spent on renting the median dwelling at the national level: Rental affordability nationally was tracking at its most favourable level in 15 years in Q4

The post Australia’s rental crisis deteriorates appeared first on MacroBusiness.

Asian equity markets are fairly buoyant today but Japanese markets are closed while the risk complex ponders the next stage of the Ruzzian/Ukrainian peace “talks” amid a shortened trading week due to US Thanksgiving.  Currency land was fairly stable without any large gaps as traders digest the Fed talk from Friday night that may support

The post Macro Afternoon appeared first on MacroBusiness.

The company behind a proposal to turn a shuttered coal fired power station into a biomass-burning facility is taking its planning rejection to court.

The latest batch of lending data from the Reserve Bank of Australia and the Australian Bureau of Statistics showed that investor mortgage lending has surged to decade highs. Recently, Justin Fabo from Antipodean Macro posted the following chart showing that Google searches for “investment property” had surged to their highest level in at least two decades:

The post Aussie property investors face regulatory action appeared first on MacroBusiness.