Blogotariat

All aboard the fossil train: Joe Hockey says Australia has a "duty" to export more gas and coal, as Queensland premier promises to push coal power to its limits.

State Electricity Commission signs up to supply all Victorian government operations with 100 per cent renewable energy, starting in July.

Leith and I have both explored the extraordinary price of coffee in Australia, with causes as varied as the price of beans in Brazilian drought to local labour costs and draining income. Coffee is now a luxury item. And the cafepocalypse in full swing. I admit, we’re not losing much here. I have long criticised

The post How to get a free cup of coffee appeared first on MacroBusiness.

The Market Ear with more. So little exuberance Positioning and sentiment remain muted across the board. Hedge fund leverage is at cycle lows, CTAs and systematics are neutral, and there’s over $7 trillion parked in money markets. With so little exuberance, it’s hard to get truly bearish from here. Let’s examine the latest positioning and

The post Stocks stuck in the mind of a child president appeared first on MacroBusiness.

Here comes the bear doves, via The AFR: Tim Toohey was the local chief economist at Goldman Sachs for more than a decade. Now at major money manager Yarra Capital, Toohey said he expected five quarter-point rate cuts, to 2.6%, by August next year. Toohey said he had two reasons for this unorthodox position. First,

The post Toohey: Interest rates to crash appeared first on MacroBusiness.

Off-grid and remote power specialist Pacific Energy has secured $2 billion in debt refinancing and new equity to boost its hybrid renewable projects across Australia.

After seven years,AEMO now accepts the transmission plans it has developed require a rethink. So, where to from here?

Deloitte Access Economics has released its Quarterly Employment Forecasts Report, which paints the picture of a job market propped up by record government spending. Deloitte notes that almost 390,000 Australians found jobs in the past year, with around two-thirds being full-time, “highlighting the labour market’s resilience”. However, “the overall strength of the labour market has

The post Australia’s boom in unproductive jobs appeared first on MacroBusiness.

I keep arguing that Australia’s transition to renewable energy will be incredibly expensive and drive up power bills. The reasons are straightforward. Renewable energy sources depend on weather conditions, which makes them intermittent and results in low load factors. As a result, renewables require backup hydrocarbon generation and loads of storage. They also need a lot

The vote count is now getting to a point where pretty much all primary votes have been counted, even if we don’t have all of the preference counts yet. So that means we can now begin to analyse the informal voting trends – where it went up or down, and what some of the causes could be.

With Wall Street closed for the long weekend, most risk markets reacted positively to the 180 degree spinning top EU tariffs by the Trump regime, with European shares taking back their Friday night losses. Meanwhile the broader selloff in USD continued Pound Sterling making a new yearly high while Euro, Loonie and Yen all consolidated

The post Macro Morning appeared first on MacroBusiness.

The NSW and Victorian governments are pushing hard to liberalise planning and encourage the rapid construction of high-rise towers within inner and middle-ring suburbs. Last year, the NSW Productivity and Equality Commission recommended bigger towers, smaller apartments, less storage and natural light, smaller balconies, and fewer parking places as solutions to the state’s housing crisis.

The post Australia’s slum city future appeared first on MacroBusiness.

Monday 4:38pm – As everyone had called, the Liberal Party has lost their third seat in South Australia’s to Labor’s Charlotte Walker. That is a 4-2 split. It’s worth remembering that traditionally these 4-2 splits are rare. Prior to 2025, Labor had gained two 4-2 splits (with the Democrats the fourth “left” senator) in NSW in 1990 and 1998, two in Tasmania in 2007 and 2010, and one in Western Australia in 2022.

South Australia was the most certain for 2025, but 4-2 splits also remain possible in New South Wales, Victoria and Western Australia, with the possibility of a 4-1-1 split in Tasmania also possible.