Blogotariat

CBA economist Harry Ottley has produced a terrific update on Australia’s rental market, provided below. Key Points: We are increasingly confident the near-term inflation pulse has eased but rents remain a big driver of above target inflation. Growth in advertised rents is easing quickly in the 8-capital cities index. Sydney, the largest rental market in

The post Aussie households grow to counter rental crisis appeared first on MacroBusiness.

Last month, the NSW Productivity and Equality Commission spruiked higher towers, smaller apartments, less storage and natural light, smaller balconies, and fewer car spaces as the solution to the state’s housing crisis: “Higher-density zones around train stations would double in size… The NSW productivity commissioner is also recommending design standards be relaxed to allow the

Gottiboff is up to his usual businessomics drivel. The doyen of ALP energy policy, Martin Ferguson, has called for a gas-driven power station in the Latrobe Valley in a direct policy confrontation with current Energy Minister Chris Bowen. When Ferguson made the declaration, he would not have known three weeks later shadow Minister for Energy

The post Energy policy plunges into catastrophic corruption appeared first on MacroBusiness.

SHFE and SGX are stalled: Mad Dalian too: Vale is pumping iron: Iron ore production reached 91.0 Mt, 4.7 Mt (+5%) higher y/y, driven by improved performance at S11D, Itabira and Brucutu. As previously announced, Vale has revised its production guidance upward to 323-330 Mt (from 310-320 Mt), reflecting continued improvements on operational stability and

The post Vale, BHP pump iron appeared first on MacroBusiness.

I do love the smell of a burning PM in the morning: Colleagues of Anthony Albanese counselled him against buying a $4.3 million clifftop home on the NSW Central Coast because of the poor optics in the run-up to the federal election. …“It looks like he’s got one foot out the door,” one MP told

The post Labor torches $4.3m Albo love nest appeared first on MacroBusiness.

Wall Street tried to rebound overnight in the absence of any catalysts or economic prints but the stronger USD weighed on all risk markets despite a new low for Euro as European stocks continued to fall. The Australian dollar continued its descent below the 67 cent level as well. US bond markets saw some further

The post Macro Morning appeared first on MacroBusiness.

New polling shows supermarkets are Australians’ public enemy No. 1 in the cost-of-living crisis. The Australia Institute’s Carmichael Centre/Centre for Future Work surveyed 1014 voters about increasing costs. Some 83% said supermarkets deserve some blame, or a great deal of blame, for the soaring cost of living. That puts them ahead of energy companies (82%),…

DXY is up and away: AUD is a free-falling stone: North Asia too: Gold has divorced from all fundamentals. Other commods not so much: Big miners are saying Chinese yawnulus: EM too: Junk party has stalled: Yields bid: Stocks edged up against the downdraft: DXY is overbought but can get more so: The reason? President

The post Australian dollar sucked into US election tornado appeared first on MacroBusiness.

Brace yourself: a tsunami approaches.

While we squabble over which side is winning this losing battle to lead the country, there is something being concocted in the dens of power, far beyond the public eye, and it doesn’t bode well for the future of this country.

Anytime you have an entire nation so mesmerized by the antics of the political ruling class that they are oblivious to all else, you’d better beware.

Dozens of soon-to-be-retired Australian Abrams tanks will be sent to Ukraine under a $245 million military support package to bolster the war-torn country's fight against Russia's invasion.

Yesterday we had more evidence that the RBA is reading the big pivot to a December rate cut when economics governor, Sarah Hunter, explained why its inflation expectations modelling is not worth the processing power wasted on it: The orange line is the model’s prediction for how inflation expectations would evolve during the recent high-inflation

The post The RBA should cut 50bps appeared first on MacroBusiness.

Dementia Australia is disappointed by the initial decision of the Therapeutic Goods Administration (TGA) to reject Lecanemab for use in Australia. Lecanemab is a disease modifying treatment for people living with the early stages of Alzheimer’s disease or mild cognitive impairment. Developed by pharmaceutical company Eisai, Lecanemab works by removing amyloid plaques from the brain…

Climate Council Media Release NEW REPORT: The World Energy Outlook 2024 from the International Energy Agency has found: We are moving at speed into the Age of Electricity, which is underpinned by clean energy sources like solar and wind. Global investment in clean energy is approaching $US2 trillion – almost double the combined amount spent…