Blogotariat

Developer says its plan to run a 265km HVDC cable underground from outer Melbourne would be cheaper, faster, more robust – and friendlier to farmers.

The Reserve Bank of New Zealand’s 1.75% reduction in the official cash rate has finally stimulated an upswing in New Zealand house prices. The Real Estate Institute of New Zealand’s (REINZ) House Price Index jumped by 1.4% in February to be 0.5% higher over the quarter. Over the year, New Zealand home prices were down

The post Reserve Bank drives house price rebound appeared first on MacroBusiness.

With Donald Trump’s return to the presidency, the United States has attempted to reshape its global image from a disrupter to a peacemaker. However, this transformation appears to be an illusion masking long-standing hegemonic ambitions.

A Great Illusion   BY Abbas Hashemite

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New report finds wind, solar and battery storage has shielded Australian households and businesses from much higher power bills than they would otherwise be paying.

Via Roy Morgan. In February 2025, Australian ‘real’ unemployment increased 214,000 to 1,834,000 (up 1.4% to 11.5% of the workforce) with significantly more people looking for work. The driver of this increase in unemployment were the large falls in full-time employment, down 273,000 to 9,356,000, and a drop in part-time employment, down 99,000 to 4,767,000,

The post Roy Morgan unemployment spikes appeared first on MacroBusiness.

It is all so predictable. One of Australia’s biggest coal power stations in Victoria’s Latrobe Valley is set to stay open for four more years amid fears of ­devastating electricity shortages, in an extraordinary U-turn for the state Labor government’s renewable energy-only blueprint. A decision to keep coal in the power system for longer underscores Australia’s

The post Energy superidiot turns secretly back to coal appeared first on MacroBusiness.

According to the Australian Bureau of Statistics (ABS), 1,044,160 net permanent and long-term arrivals have landed in Australia since the Albanese government took office in June 2022. New data from Jobs & Skills Australia, collated by Justin Fabo of Antipodean Macro, demonstrates that the record net overseas migration has done nothing to alleviate high-skilled labour

The latest sales data is flatlined. Sentiment flatlined. Inventory a bit better. But the completions cliff appears to be here. Not good for bulks as steel breaks down. ‘Dem jaws is wide.

The post Iron ore falls off Chinese completions cliff appeared first on MacroBusiness.

On last week’s ABC Q&A program, federal health minister Mark Butler claimed the government has “been working very hard to get migration levels, immigration levels down to something we think the country can manage”. Wow, the gaslighting when it comes to immigration and housing is off the charts. Check out this excellent question and the

The post Labor’s “migration crackdown” fails appeared first on MacroBusiness.

As Trump waited an hour to speak to his Russian handlers overnight, news of more tariffs coming April plus some lackllustre results in tech stocks (while Tesla’s burn everywhere) sent Wall Street lower while European stocks continue to outperform. Meanwhile the USD slipped further against Euro and Pound Sterling while building against Yen in anticipation

The post Macro Morning appeared first on MacroBusiness.

The Market Ear on the roaring bear. Hitting the head in the trend line SPX’s short term negative trend line remains intact for now. We need to break above this to have a clear technical signal. Source: Refinitiv No de-gross Hedge fund current peak to trough de-gross still not extreme compared to August and December

The post Bull crash appeared first on MacroBusiness.

Global energy analysts Doomberg published a stinging critique of Australia’s energy policy, entitled Power Blunder Down Under. “The country is hurtling toward a pronounced energy crisis, yet its political leaders seem deaf to the warnings and blind to its true causes”, Doomberg reported. “Having demonized traditional sources of energy, Australia is now all but certain