Blogotariat

Latest data shows Australia is on track on its emissions targets.

The Reserve Bank of New Zealand has cut the official cash rate (OCR) by 2.5%, with another 0.5% worth of rate cuts expected by the end of 2026. As shown below by Justin Fabo of Antipodean Macro, the fall in the OCR has reduced the cost of new mortgages, which should have increased housing demand

The post The endless decline of New Zealand house prices appeared first on MacroBusiness.

Trump administration accused of corruption as it cites security issues to order halt of major offshore wind project using same technology as an existing one next door.

Iron ore soared overnight thanks to Jay Powell. Unsustainable. Steel demand in China remains down year to date, but up for the week year on year. Steel production is far above last year. But this is misleading. My Steel is supposed to, but obviously doesn’t, cover EAF. Steel recycling has collapsed. In raw volume terms

The post Iron ore roars as green steel dies appeared first on MacroBusiness.

There are two key migration data sets published by the ABS. These are regularly utilised by analysts, the media, and the government. There is the official quarterly net overseas migration (NOM) data, which is published on a six- to nine-month delay. The latest official data available is for Q4 2024, eight months ago, and the

The post ABS migration censorship controversy explodes appeared first on MacroBusiness.

Australian consumers have been trapped in a recession. The March quarter national accounts showed that real per capita household consumption has been negative for seven consecutive quarters on an annual basis, down 2.4% from its peak. As illustrated below by CBA, the Australian consumer is the largest component of the economy. And the sluggish pace

The post RBA rate cuts pull Aussie consumers out of recession appeared first on MacroBusiness.

Are we getting somewhere? The Australian. The top Abu Dhabi executive spearheading its $30bn Santos takeover has opened crunch talks with the Australian Workers Union which took aim at Santos’s venture in Gladstone for sucking up third party gas to meet its LNG export contracts. Mohamed Al Aryani, president of international gas at ADNOC’s XRG,

The post Unions must embrace Peter Dutton’s gas reservation appeared first on MacroBusiness.

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.

Risk markets loved Fed Chair Powell’s long awaited speech at the central back fest at Jackson Hole with a dovish tilt seemingly suggesting that the Federal Reserve will cut rates in September, but only if inflation remains contained from the Trump regime’s tariffs. The hint gave Wall Street the signal to buy after five straight

The post Macro Morning appeared first on MacroBusiness.

Executives at Walt Disney Studios are reportedly pressing Hollywood creatives for movie ideas that will bring young men back to the theaters. According to Variety, Disney is hoping to get Gen Z men, which it defines as ages 13 to 28, interested in original films.

When I was growing up in central Pennsylvania, my working-class family took vacations to places we could drive to—for example, Pine Creek Gorge upstate, better known to locals as the Pennsylvania Grand Canyon, or Delaware, where an aunt and uncle lived on the way to Rehoboth Beach. To this day, neither of my parents have been on an airplane, or west of the Mississippi River. The first time I flew anywhere was the summer after I graduated from college.