Blogotariat

They say that the fish rots from the head and never was a truer word spoken about the festering Australian Financial Review. Its rotten fishhead, Michael Stutchbury, today bewails the lies of politics by, you guessed it, lying. As Treasury secretary Steven Kennedy says, it was Liberal Treasurer Josh Frydenberg who agreed to pump up overall

The post Lying rotten fishhead bewails economic lies appeared first on MacroBusiness.

In June 2024, AMP chief economist Shane Oliver posted the following chart showing that Australia’s housing shortage was about to surpass 200,000 dwellings: Oliver explained via Twitter (X) that “underlying demographic demand (driven by strong population growth) continues to run well ahead of new housing supply (constrained by capacity and cost issues, etc.), and is

The post Australia’s housing shortage nears 300,000 appeared first on MacroBusiness.

OpenSolar's Sophie Wright on the mission to streamline solar businesses so that more money and time can be spent where it's most needed - putting panels on rooftops. Plus, the news of the week.

It is the unsinkable metal ore despite falling steel prices. Recent GDP data was OK but what’s coming isn’t. Goldman. Despite a sequential deceleration from last Q4, year-over-year real GDP growth came in at 5.4% in Q1, higher than consensus expectations. With exports jumping 12.4% yoy, industrial production climbing 7.7% yoy, and retail sales rising

The post Iron ore hopes return appeared first on MacroBusiness.

Santos has been given final approval to begin production at Australia’s dirtiest offshore gas field in a decision that has coincided with Earth Day 2025.

An analysis by the Queensland Conservation Council find five new fossil fuel projects have pushed greenhouse gas emissions higher under Labor's reformed Safeguard Mechanism.

It's very hard to focus on Australian politics when the world keeps getting tipped off its axis like this.

But with voting now having commenced at pre-polling stations around Australia, let us not overlook the historic, all-Australian union that was consecrated on Tuesday morning.

Via S&P comes the Aussie flash PMI. Flash Australia PMI Composite Output Index(1): 51.4 (Mar: 51.6). 2-month low. Flash Australia Services PMI Business Activity Index(2): 51.4 (Mar: 51.6). 2-month low. Flash Australia Manufacturing Output Index(3): 51.5 (Mar: 51.8). 2-month low. Flash Australia Manufacturing PMI(4): 51.7 (Mar: 52.1). 2-month low. Data were collected 09-17 April 2025

The post Aussie flash PMI fades appeared first on MacroBusiness.

The Market Ear with the setup. Chop Our base case remains intact: this market needs to heal and it will take time before we get a new direction. Expect more choppiness. Resistance levels: 5450 (21 day), range highs at 5550. Note the 50 day still way higher, currently just below 5700. Support around the 5100

The post Stocks rally as the ‘Trump puts’ roll in appeared first on MacroBusiness.

DXY finds a footing. AUD rocket flamed out. Lead boots going nowhere. Gold flame out, oil stable. Copper is a lunatic. Miners still stuffed. EM going nowhere forever now. Junk not priced for recession yet. Yields still tending to rise. Stock chop. Everybody is selling the whimpering greenback. More than stocks. Way more than yields.

The post Australian dollar jaws open wide appeared first on MacroBusiness.

Risk sentiment reversed its decline overnight mainly due to some off the cuff comments from the Trump regime’s Treasury Secretary about an “imminent” deal with China, which were since walked back but this sent a signal to buy USD and US stocks which saw Wall Street take back most of its recent session falls to

The post Macro Morning appeared first on MacroBusiness.

I found this in my iPhone's reminder app this morning. I have no memory of making it, but it seems like a pretty good plan for the workday.

Ben is joined by Jill Sheppard and Emily Foley to discuss the long-term trend of the major parties losing primary votes: what is causing the trend, how it might play out in 2025 and whether they can do anything to reverse the trend. The seat of the week is Bruce in south-eastern Melbourne.