Blogotariat

Abul Rizvi’s forecast that Australia’s net overseas migration (NOM) will track around 300,000 under current immigration policies, 15% higher than the Treasury’s forecast, confirms that the rental crisis will persist. It is important to put Rizvi’s 300,000 NOM forecast into a historical perspective. In the first 60 years following World War II, Australia’s NOM averaged

The post The rental crisis will never end appeared first on MacroBusiness.

South Australia counts the cost of its cancelled green hydrogen power plant and its now disbanded hydrogen office.

Everything is awesome on an alleged deal between the Trump and Xi regimes over trade, but the lack of solid news isn’t holding markets back with Asian shares all green while futures for Wall Street are looking sky high. Friday night’s US CPI print is keeping the USD somewhat down against the majors as expectation

The post Macro Afternoon appeared first on MacroBusiness.

German-founded energy storage specialist announces launch of Australian subsidiary, with plans to spin two existing big battery projects into a gigawatt-scale pipeline.

On 17 October, US President Donald Trump told Fox News, “I hope to see Saudi Arabia go in, and I hope to see others go in. I think when Saudi Arabia goes in, everybody goes in.” The statement was calculated to reignite Washington's normalization push and reassert Riyadh's place at the heart of the US-Israeli regional alliance plan.

Preliminary data from Cotality shows that Sydney’s residential auction clearance rate fell to 68.2% in the week to Saturday, which was the lowest since the week ending 8 June and was the first time the preliminary clearance rate has been below the 70% mark in 21 weeks. A total of 959 auctions were held in

The post Aussie house price growth hits two-year high appeared first on MacroBusiness.

Vladimir Zelensky expects Ukraine to be able to fight Russia for up to three more years, Polish Prime Minister Donald Tusk has told The Sunday Times. The Ukrainian leader’s reported remark comes as the EU is looking for new ways to fund Kiev, eyeing Russia’s frozen central-bank assets as an option. 

For more than a decade, the Productivity Commission (PC) debunked the myth that immigration can overcome population ageing. For example: PC (2005): “Despite popular thinking to the contrary, immigration policy is also not a feasible countermeasure [to an ageing population]. It affects population numbers more than the age structure”. PC (2010): “Realistic changes in migration

The post Immigration is a “population Ponzi scheme” appeared first on MacroBusiness.

Developers have another go at ocean thermal energy technology, this time off the Canary Islands. The idea has been around for decades, but never used at scale.

Prime Minister Anthony Albanese has launched a new propaganda campaign promising to make Australia a strong manufacturing nation again. Albo’s promise comes as Australia’s dying manufacturing sector has shrunk to a record-low 5% of GDP. “Prime Minister Anthony Albanese has vowed to make Australia a manufacturing powerhouse again amid warnings from business leaders that local

The Market Ear says blowoff. NASDAQ – doing what it does best NASDAQ continues trading inside the perfect trend channel that has been in place since May, continuing to do what it does best: Consolidating, breaking above it, ripping higher. Buying the 50 day remains simple but profitable… Source: LSEG Workspace SPX loves it SPX

The post Blowoff or bust? appeared first on MacroBusiness.

Another gas reservation flag has gone up the pole today. The Albanese government is ­considering introducing an energy policy spanning the entire east coast that prioritises volumes of gas to the domestic market through a baseline credit system in a potential fix to ease fears of local supply shortfalls. Officials from the federal government have

The post Albo’s naked gas gambit appeared first on MacroBusiness.