Blogotariat

Labor and the coalition are sharpening their political attacks as party leaders heat up the energy debate during visits to key electorates.

RBC is the most bearish LNG price forecaster I can find but that isn’t going to help Australia. Looking ahead, as we detailed in our LNG deep dive recently, we see a wave of new LNG supply—the biggest yet—to take global exports closer to 440mt (605bcm) in 2025, 480mt (660bcm) in 2026 and 620mt (855bcm)

The post LNG imports will burst the Aussie housing bubble appeared first on MacroBusiness.

The first battle between bond vigilantes and King Trump has gone to the former. Members of President-elect Donald Trump’s incoming economic team are discussing slowly ramping up tariffs month by month, a gradual approach aimed at boosting negotiating leverage while helping avoid a spike in inflation, according to people familiar with the matter. One idea involves

The post Markets buckle King Trump appeared first on MacroBusiness.

Wall Street is again failing to find traction following last Friday night’s retracement with tech stocks again pulling the edifice down while European shares rebounded slightly despite the higher Euro. The USD is actually now losing ground against the undollars on a slightly weaker than expected PPI print overnight, particularly Euro and Pound Sterling but

The post Macro Morning appeared first on MacroBusiness.

https://www.youtube.com/watch?v=oHfQo9lBTSs

Is Chuck Schumer trying to turn Hegseth’s Senate hearing into a ‘circus’? Bartiromo

Sen. Shelley Moore Capito, R-W.Va., previews the Senate’s highly anticipated confirmation hearings for Trump’s Cabinet members.

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the YD continuum since 2005....

Trump allies prepare bill to let him buy GreenlandUS House Republicans have introduced a ‘Make Greenland Great Again Act’

President-elect Donald Trump’s Republican allies in the US House of Representatives have introduced draft legislation aiming to authorize negotiations for the United States to buy Greenland from Denmark.

Asian stock markets are in the main doing a lot better in reaction to a somewhat mixed first session overnight on Wall Street as concerns over the incoming Trump tariffs waned. The USD is pulling back slightly against the undollars following an overreaction to Friday night’s NFP print with Euro heading back above the 1.02

The post Macro Afternoon appeared first on MacroBusiness.

In Australia, AI-driven data centres are starting to approach the current industry leader for electricity demand, aluminium smelting. So what does this mean for energy use, investment and build out?

I had reason to withdraw some cash this morning. Nothing anyone needs to know about, especially not the authorities. Just… reasons.

Luckily, I was passing through the city, which is one of the few places my Very Large Bank still maintains a branch, let alone a cash machine. My Very Large Bank has decided to get out of the business of real money because, I dunno, it costs too much or something.

So, there I was, at the cash machine, card in hand trying to withdraw the folding stuff. The first hurdle I hit was a message telling me there wasn’t enough money in the account.

Bullshit.

If you want to know why China is no longer able to stimulate its economy the way it once did via property and infrastructure, look no further than land sales, which are running at post-GFC levels. Worse, most sales are local governments selling to themselves via special purpose vehicles, the very definition of robbing Peter

The post Chinese land sales cancel stimulus appeared first on MacroBusiness.

Chinese December steel exports continued their strong run at 9.7mt, up 26% year on year, driven in part by tariff frontrunning. That paled next to iron ore imports, which went within a whisker of a record at 12.49mt. On the day, the import numbers were enough to excite markets, which lifted both steel and iron

The post Iron ore booms as Chinese steel decarbonises my butt appeared first on MacroBusiness.