Blogotariat

In deciding to hold off on another interest rate cut, the Reserve Bank’s board appears to be waiting to find out what the past was like. Michael Pascoe reports.

I don’t know where to begin with six of the nine RBA board members, the ones who want to wait for another meeting so they can consider what the Bureau of Stats (ABS) will tell them was happening some three months ago. They have no grasp of the present, so forget about the future.

Amid rising global instability, Washington’s aggressive pursuit of nuclear and geopolitical dominance threatens the foundation of multipolarity—and China knows it.

Washington Warns Beijing and Its Partners: “The Bomb Will Not Save Multipolarity”

Lama El Horr

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When Russia recognized the Islamic Emirate of Afghanistan last week, it didn’t just open a new embassy – it opened a new geopolitical front. For the first time since the Taliban’s return to power in 2021, a major world player has gone beyond informal contacts and embraced Kabul’s de facto rulers as legitimate partners.

Most Asian share markets are lifting higher despite a very weak lead from Wall Street, while local stocks are taking a double whammy due to the expected rate cut from the RBA turning into a hold and then the Trump regime’s bullying tariffs on pharmaceuticals. There’s more tariff announcements and letter printing on the way,

The post Macro Afternoon appeared first on MacroBusiness.

With such momentous technology realignments, it’s easy to forget that people are involved. But community offers a social “glue” that will help us do this well.

Electricity bills are out of control, but a fairer, simpler market is possible where energy companies compete for us, so we don't have to shop around.

Since the issues facing China’s property sector exploded into mainstream view in 2021, it has been a rollercoaster ride of different perspectives and scenarios on how it will all play out. While the issues faced the Chinese economy have now faded from the headlines, the reality is the risks within the Chinese economy remain significant,

The post China’s economic Titanic about to go under appeared first on MacroBusiness.

SEC chief calls on federal Coalition to "accept the science, the economics and the engineering" of renewables and cut the "though line" from big fossil fuel interests.

Card-carrying China groveler Geoff Raby is like a weathervane of Chinese influence in Australia. His return to the AFR tells us that his tailwind is growing, as we have seen around Albo’s China pivot, and it is safe to re-emerge and argue for a further selling out to Beijing. He doesn’t have much to say

The post Revenge of the China grovellers appeared first on MacroBusiness.

With the release of the latest national accounts data, it was revealed that Australia’s GDP in per capita terms is once again contracting. Meanwhile, in headline GDP terms, the economy grew by 0.2%, surprising to the downside of the analyst consensus of growth of 0.4%. Australian GDP per capita has now contracted in 9 of

The post The epic failure of Australia’s economic growth strategy appeared first on MacroBusiness.

AGL snaps up a newly approved concentrated solar thermal project as it considers long duration storage options in first grid to reach 100 pct net renewables.

The ferrous market is bifurcating as traders wonder about the steel ouput cut. CISA steel output is falling anyway. My view is we are likely to follow the 2023 pattern in H2 as official cuts, steel export falls, and tariffs take their toll. UBS has joined the bears. As the market moves from balance to

The post Iron ore bears gather appeared first on MacroBusiness.